Pioneer Natural Resources (PXD) Update - Mar 9
Posted: Tue Mar 09, 2021 2:36 pm
I will be finishing my review of PXD's updated profile this afternoon. For those of you new to EPG, we have four outstanding young MBA's that have each been assigned to cover 12 to 15 of the companies in our three model portfolios. They draft all of the profiles and I review them carefully. The stock valuations are all mine. Three of them graduated from SMU and one from Texas Tech. They are a HUGE help to me.
PXD is trading at $158.50 at the time of this post. My valuation today is $172.00.
Updated price targets from some highly respected energy sector analysts.
Goldman Sachs 3/8/2021 $184.00
Johnson Rice 3/8/2021 $180.00
Piper Sand 3/2/2021 $178.00
Raymond J 3/1/2021 $175.00
Based on my updated oil & gas price deck, PXD should generate $2.5 to $2.8 Billion of free cash flow from operations this year. It pays a dividend of $0.56/quarter this year that I estimate will triple in 2022 based on a new payout method.
The updated profile will be posted to the EPG website this afternoon.
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PS: In each one of my forecast/valuations models I show First Call's forecast for Revenues, Earnings Per Share and Operating Cash Flow Per Share for each quarter. Often the quarters don't add across to the full year estimates because some analyst only provide full-year estimates to Reuters. First Call's estimates are just the average of the estimates submitted to Reuters. Just keep in mind that First Call numbers are always "outdated" because lots of the forecasts in the Reuter's database are several months old. I use TipRanks to see the most recent analysts reports, like those shown above.
PXD is trading at $158.50 at the time of this post. My valuation today is $172.00.
Updated price targets from some highly respected energy sector analysts.
Goldman Sachs 3/8/2021 $184.00
Johnson Rice 3/8/2021 $180.00
Piper Sand 3/2/2021 $178.00
Raymond J 3/1/2021 $175.00
Based on my updated oil & gas price deck, PXD should generate $2.5 to $2.8 Billion of free cash flow from operations this year. It pays a dividend of $0.56/quarter this year that I estimate will triple in 2022 based on a new payout method.
The updated profile will be posted to the EPG website this afternoon.
----------------------------
PS: In each one of my forecast/valuations models I show First Call's forecast for Revenues, Earnings Per Share and Operating Cash Flow Per Share for each quarter. Often the quarters don't add across to the full year estimates because some analyst only provide full-year estimates to Reuters. First Call's estimates are just the average of the estimates submitted to Reuters. Just keep in mind that First Call numbers are always "outdated" because lots of the forecasts in the Reuter's database are several months old. I use TipRanks to see the most recent analysts reports, like those shown above.