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Last €107.41 EUR
Change Today -1.87 / -1.71%
Volume 0.0
PNK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 2:22 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

pioneer natural resources co (PNK) Snapshot

Open
€106.08
Previous Close
€109.28
Day High
€107.94
Day Low
€106.03
52 Week High
04/15/15 - €168.25
52 Week Low
08/26/15 - €93.15
Market Cap
16.0B
Average Volume 10 Days
8.3
EPS TTM
--
Shares Outstanding
149.3M
EX-Date
09/28/15
P/E TM
--
Dividend
€0.08
Dividend Yield
0.06%
Current Stock Chart for PIONEER NATURAL RESOURCES CO (PNK)

pioneer natural resources co (PNK) Related Businessweek News

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pioneer natural resources co (PNK) Details

Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle. As of December 31, 2014, the company had proved undeveloped reserves and proved developed reserves of approximately 89 MMBbls of oil, 42 MMBbls of NGLs, and 317 billion cubic feet of gas; and owned interests in 6 gas processing plants and 8 treating facilities. The company was founded in 1997 and is headquartered in Irving, Texas.

4,075 Employees
Last Reported Date: 02/19/15
Founded in 1997

pioneer natural resources co (PNK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $984.8K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $626.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $481.4K
Executive Vice President of Corporate
Total Annual Compensation: $407.7K
Executive Vice President of Business Developm...
Total Annual Compensation: $420.4K
Compensation as of Fiscal Year 2014.

pioneer natural resources co (PNK) Key Developments

Pioneer Natural Resources Company Declares Cash Dividend, Payable on October 9, 2015

Pioneer Natural Resources Company announced that its board of directors declared a cash dividend of $0.04 per share on Pioneer’s outstanding common stock. The dividend is payable on October 9, 2015, to stockholders of record at the close of business on September 30, 2015.

Pioneer Natural Resources Co. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Income Tax Rate Guidance for the Third Quarter and Capital Budget and Production Guidance for the Full Year 2015

Pioneer Natural Resources Co. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues and other income of USD 648 million compared to USD 932 million a year ago. Loss from continuing operations before income taxes was USD 340 million compared to income from continuing operations before income taxes of USD 87 million a year ago. Loss from continuing operations was USD 217 million or USD 1.45 per basic and diluted share compared to income from continuing operations of USD 55 million or USD 1.38 per basic and diluted share a year ago. Net loss attributable to common stockholders was USD 218 million or USD 1.46 per basic and diluted share compared to net income attributable to common stockholders of USD 1 million or USD 0.01 per basic and diluted share a year ago. Net cash provided by operating activities was USD 327 million compared to USD 718 million a year ago. EBITDAX was USD 433 million compared to USD 662 million a year ago. Net debt at the end of the second quarter of 2015 was USD 2.5 billion. Adjusted income was USD 15 million or USD 0.10 per diluted share. For the six months period, the company reported revenues and other income of USD 1,516 million compared to USD 1,876 million a year ago. Loss from continuing operations before income taxes was USD 452 million compared to income from continuing operations before income taxes of USD 283 million a year ago. Loss from continuing operations was USD 292 million or USD 1.95 per basic and diluted share compared to income from continuing operations of USD 200 million or USD 1.38 per basic and diluted share a year ago. Net loss attributable to common stockholders was USD 296 million or USD 1.98 per basic and diluted share compared to net income attributable to common stockholders of USD 124 million or USD 0.86 per basic and diluted share a year ago. Net cash provided by operating activities was USD 432 million compared to USD 1,183 million a year ago. EBITDAX was USD 836 million compared to USD 1,263 million a year ago. For the quarter, the company produced oil of 100,569 Bbls against 79,780 Bbls a year ago. Natural gas liquids were 36,659 Bbls against 38,572 Bbls a year ago. Gas was 356,391 Mcf against 344,889 Mcf a year ago. Total production was 196,626 BOE against 344,889 BOE a year ago. For the six months, the company produced oil of 99,567 Bbls against 79,188 Bbls a year ago. Natural gas liquids were 36,015 Bbls against 36,049 Bbls a year ago. Gas was 357,901 Mcf against 333,210 Mcf a year ago. Total production was 195,232 BOE against 170,772 BOE a year ago. For the third quarter of 2015, the company's production is forecasted to average 205 MBOEPD to 210 MBOEPD. The company’s effective income tax rate is expected to be 35% to 40% and interest expense is expected to be USD 45 million to USD 50 million. The company plan to increase its horizontal rig count in the northern Spraberry/Wolfcamp by an average of two rigs per month over the second half of 2015, the company’s capital budget for 2015 has been increased from USD 1.85 billion to USD 2.2 billion (excludes acquisitions, asset retirement obligations, capitalized interest and geological and geophysical G&A). The budget includes USD 1.95 billion for drilling-related activities and USD 250 million related to the development of the Spraberry/Wolfcamp water infrastructure, vertical integration and facilities. The 2015 capital budget is expected to be funded from forecasted operating cash flow of USD 1.5 billion (assuming average 2015 estimated prices of USD 51.00 per barrel for oil and USD 2.90 per MCF for gas) and cash on the balance sheet. The company is maintaining its production growth forecast of 10% plus for 2015.

Pioneer Natural Resources Company Reports Production for the Second Quarter of 2015; Provides Production Guidance for the Year 2015

Pioneer Natural Resources Company reported production for the second quarter of 2015. The company's production averaged 197,000 barrels oil equivalent per day (MBOEPD) in the second quarter of 2015, of which 51% was oil production. Oil sales averaged 101,000 barrels per day (MBPD), natural gas liquids (NGLs) sales averaged 37 MBPD and gas sales averaged 356 million cubic feet per day. The company's production guidance for the quarter was 198 MBOEPD to 203 MBOEPD. The company is maintaining its full-year 2015 production growth forecast at 10%+. Although production growth in the Eagle Ford Shale is now forecasted to be nominal in 2015, production from the Spraberry/Wolfcamp is forecasted to grow by 22% to 24% in 2015 compared to the 20%+ previously forecasted. The reduction in the Eagle Ford Shale growth rate is primarily due to the delays in placing wells on production and performance issues during the first half of 2015, while the increase in the Spraberry/Wolfcamp growth rate reflects the continuing strong performance of the horizontal drilling program, especially in Pioneer's northern acreage.

 

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Industry Analysis

PNK

Industry Average

Valuation PNK Industry Range
Price/Earnings 33.0x
Price/Sales 5.0x
Price/Book 2.2x
Price/Cash Flow 10.1x
TEV/Sales 4.2x
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