PXD

Pioneer Natural Resources Company

Energy


Presented:07/09/2014
Price:$226.04
Cap:$32.30B
Current Price:$269.62
Cap:$63.00B

Presented

Date07/09/2014
Price$226.04
Market Cap$32.30B
Ent Value$34.79B
P/E Ratio25.15x
Book Value$57.59
Div Yield0.1%
Shares O/S143.05M
Ave Daily Vol1,270,000
Short Int2.53%

Current

Price$269.62
Market Cap$63.00B
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources Company primarily focuses on the Spraberry field in West Texas and the Eagle Ford Shale play in South Texas. As of December 31, 2013, it had proved undeveloped reserves and proved developed reserves of approximately 102.5 million BBLs (MMBBLs) of oil, 41.9 MMBBLs of NGLs, and 328.9 billion cubic feet of gas. The company was founded in 1997 and is headquartered in Irving, Texas.

Publicly traded companies mentioned herein: Pioneer Natural Resources (PXD).

Highlights

The long thesis on Pioneer is based on the presenter’s belief that the Midland Basin is likely the next Eagle Ford Shale, but that the area just needs a little more time to develop. PXD has been a solid performer thus far this year, but it has not managed to outperform the broader E&P universe. He sees the stock as one that will require patience, but that should accrete meaningful value to investors who stay the course. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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