PXD (PIONEER NATURAL
RESOURCES)
- P/E: N/A
- GAAP DILUTED Y-O-Y EPS GROWTH LAST QUARTER: $.67
- SECTOR: ENERGY MINERALS
- ASSETS-LIABILITIES: 1.58
- DIVIDEND: .04%
Pioneer Natural Resources has recently
made the jaw-dropping switch from negative EPS to positive with its
last quarter. Situated in the largest oil-producing region in the
US, the company is utilizing its good fortune to produce profits.
The company has a good balance sheet, a wealth of resources, and a
business model which has afforded it growth.
This last quarter does not mark the
first occasion on which Pioneer has posted a profit. In 2014, and
2012, Pioneer posted a positive EPS for the full year. While the
2016 oil and gas revenues have grown from 2015, the 2014 and 2012
levels were higher. The company's revenue from oil and gas is
largely based on market prices. In order to mitigate the market
volatility, Pioneer has made efforts to reduce their cost of
production, according to their earnings release.
According to Forbes, Pioneer is the
4th-largest producer of oil and gas in the United States. Pioneer
has an EBITDA slightly below average for the largest 10 producers,
however. However, Pioneer is cutting costs and increasing
production, according to its Q4 earnings release, signaling that the
company's business practices are improving.
In conclusion, my research of Pioneer
has revealed that the company is improving, and has an impressive
volume of production, while it does not have as good of margins as
other comparable companies. Pioneer has posted a significant
year-over-year gain in its last comparable quarter, and has a clean
balance sheet. The company is steadily increasing is assets, finds
itself located in the largest oil-producing region in the country,
and has a track record of achieving very profitable years in the
past.
SOURCES:
lol, profits? They lost money last qtr and the qtr before that and the qtr before that....
ReplyDeleteI guess if you disregard all costs and capital raises they may have profited. Are you in the business of alternate facts?