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MarketScreener Homepage  >  Equities  >  Nyse  >  Pioneer Natural Resources Company    PXD

PIONEER NATURAL RESOURCES COMPANY

(PXD)
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Pioneer Natural Resources to Buy Parsley Energy for $4.5 Billion

10/20/2020 | 04:18pm EST

By Rebecca Elliott

Pioneer Natural Resources Co. has agreed to buy Parsley Energy Inc. for $4.5 billion, the latest in a flurry of U.S. oil tie-ups as companies seek to weather low prices brought about by the coronavirus pandemic.

The all-stock deal would solidify Pioneer's place as one of the largest producers in the Permian Basin of Texas and New Mexico, the top American oil field.

The Wall Street Journal reported on Monday that the companies were in talks to combine.

The deal comes a day after ConocoPhillips agreed to buy Concho Resources Inc. for $9.7 billion. Last month, Devon Energy Corp. agreed to a $2.6 billion merger with WPX Energy Inc., while Chevron Corp. in July agreed to buy Noble Energy Inc. for about $5 billion.

Pioneer Chief Executive Scott Sheffield is the father of Parsley's co-founder and chairman, Bryan Sheffield.

(More to Come)

Write to Rebecca Elliott at rebecca.elliott@wsj.com

(END) Dow Jones Newswires

10-20-20 1617ET

Stocks mentioned in the article
ChangeLast1st jan.
CHEVRON CORPORATION -3.64% 92.14 Delayed Quote.-23.54%
CONCHO RESOURCES INC. -1.80% 63.37 Delayed Quote.-27.64%
CONOCOPHILLIPS -1.76% 43.63 Delayed Quote.-32.91%
DEVON ENERGY CORPORATION -1.18% 15.12 Delayed Quote.-41.78%
LONDON BRENT OIL 0.73% 48.14 Delayed Quote.-26.00%
NOBLE ENERGY, INC. 1.44% 8.46 End-of-day quote.-65.94%
PARSLEY ENERGY, INC. -0.86% 13.79 Delayed Quote.-27.08%
PIONEER NATURAL RESOURCES COMPANY -1.25% 109.96 Delayed Quote.-27.36%
WPX ENERGY, INC. -1.53% 7.74 Delayed Quote.-43.67%
WTI 0.87% 45.385 Delayed Quote.-25.37%
All news about PIONEER NATURAL RESOURCES COMPANY
11/24Glitches Hit Trading Platforms Run By Bank of America, TD Ameritrade, Vanguar..
DJ
11/20PIONEER NATURAL RESOURCES CO : Change in Directors or Principal Officers, Amendm..
AQ
11/19PIONEER NATURAL RESOURCES : Declares Dividend on Common Shares
PU
11/19PIONEER NATURAL RESOURCES : Declares Dividend on Common Shares
BU
11/06PIONEER NATURAL RESOURCES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CO..
AQ
11/05PIONEER NATURAL RESOURCES : Reports Third Quarter 2020 Financial and Operating R..
AQ
11/04PIONEER NATURAL RESOURCES CO : Results of Operations and Financial Condition, Re..
AQ
11/04PIONEER NATURAL RESOURCES : Reports Third Quarter 2020 Financial and Operating R..
PU
11/04PIONEER NATURAL RESOURCES : Third Quarter Earnings Presentation
PU
11/04PIONEER NATURAL RESOURCES : 3Q Earnings Snapshot
AQ
More news
Financials (USD)
Sales 2020 6 626 M - -
Net income 2020 -67,2 M - -
Net Debt 2020 2 191 M - -
P/E ratio 2020 -277x
Yield 2020 1,95%
Capitalization 18 078 M 18 078 M -
EV / Sales 2020 3,06x
EV / Sales 2021 2,44x
Nbr of Employees 2 323
Free-Float 92,8%
Chart PIONEER NATURAL RESOURCES COMPANY
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Technical analysis trends PIONEER NATURAL RESOURCES COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 126,24 $
Last Close Price 109,96 $
Spread / Highest target 47,3%
Spread / Average Target 14,8%
Spread / Lowest Target -13,6%
EPS Revisions
Managers
NameTitle
Scott Douglas Sheffield President, Chief Executive Officer & Director
James Kenneth Thompson Chairman
Richard P. Dealy Chief Financial Officer & Executive Vice President
Chris J. Cheatwood EVP-Field Development & Emerging Technology
Stephanie D. Stewart Chief Information Officer & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
PIONEER NATURAL RESOURCES COMPANY-27.36%18 078
CNOOC LIMITED-25.93%55 299
CONOCOPHILLIPS-32.91%46 595
EOG RESOURCES, INC.-36.72%30 919
CANADIAN NATURAL RESOURCES LIMITED-26.19%28 128
ECOPETROL S.A.-33.33%25 122