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Oct. 20, 2021, 7:38 a.m. EDT

Is the Oil Bull Ready to Start Squeezing? (VKIN, PXD, MTDR, FANG, HP, HES, OIH, XOP, CEI)

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Pioneer Natural Resources Co /zigman2/quotes/206736173/composite PXD +2.44% doesn't do a whole lot of hedging - holding short exposure to the oil futures market to buffer against adverse price action in the underlying commodity - which is a distinct advantage during oil rallies, as is on display in shares of the stock, which have rallied nearly 300% since the 2020 lows.

According to its materials, the company operates as an independent oil and gas exploration and production player in the shale space, with active projects in the Permian Basin, Eagle Ford Shale, Rockies, and West Panhandle sites.

Pioneer Natural Resources Co /zigman2/quotes/206736173/composite PXD +2.44% recently announced the publication of its 2021 Sustainability Report, highlighting the Company's focus and significant progress on environmental, social and governance (ESG) programs. The comprehensive report highlights the Company's Net Zero ambition by 2050 and enhanced emissions reduction targets for greenhouse gas (GHG) and methane. In addition, the report details the Company's 2020 performance, including enhanced disclosures on air emissions, water management practices, diversity, equity and inclusion, board governance and community engagement.

CEO Scott D. Sheffield stated, "Our board of directors, management team and employees are committed to ensuring Pioneer remains an ESG leader. We are dedicated to reducing our emissions intensities, being proactive and transparent in our engagement with stakeholders and the communities in which we operate and ensuring our governance policies and performance metrics align with our ESG goals. These efforts, in conjunction with Pioneer's low breakeven costs, low-emissions intensity, strong balance sheet and highly-skilled and diverse workforce, position the Company for continued long-term success."

Even in light of this news, PXD hasn't really done much of anything over the past week, with shares logging no net movement over that period.

Pioneer Natural Resources Co /zigman2/quotes/206736173/composite PXD +2.44% managed to rope in revenues totaling $4.3B in overall sales during the company's most recently reported quarterly financial data — a figure that represents a rate of top line growth of 274.1%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($298M against $4.3B, respectively).

Other key tickers of interest in this space include Matador Resources Co /zigman2/quotes/204387276/composite MTDR +4.74% , Helmerich & Payne, Inc. /zigman2/quotes/209685666/composite HP +4.26% , Diamondback Energy Inc /zigman2/quotes/201200230/composite FANG +4.40% , VanEck Oil Services ETF (nysearca:OIH), and SPDR S&P Oil & Gas Exploration & Production ETF (nysearca:XOP).

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The post Is the Oil Bull Ready to Start Squeezing? (VKIN, PXD, MTDR, FANG, HP, HES, OIH, XOP, CEI) appeared first on Wall Street PR .

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/zigman2/quotes/206736173/composite
US : U.S.: NYSE
$ 277.86
+6.61 +2.44%
Volume: 1.76M
May 25, 2022 4:00p
P/E Ratio
16.95
Dividend Yield
6.27%
Market Cap
$65.63 billion
Rev. per Employee
$10.85M
loading...
/zigman2/quotes/206736173/composite
US : U.S.: NYSE
$ 277.86
+6.61 +2.44%
Volume: 1.76M
May 25, 2022 4:00p
P/E Ratio
16.95
Dividend Yield
6.27%
Market Cap
$65.63 billion
Rev. per Employee
$10.85M
loading...
/zigman2/quotes/206736173/composite
US : U.S.: NYSE
$ 277.86
+6.61 +2.44%
Volume: 1.76M
May 25, 2022 4:00p
P/E Ratio
16.95
Dividend Yield
6.27%
Market Cap
$65.63 billion
Rev. per Employee
$10.85M
loading...
/zigman2/quotes/204387276/composite
US : U.S.: NYSE
$ 55.73
+2.52 +4.74%
Volume: 1.12M
May 25, 2022 4:00p
P/E Ratio
9.10
Dividend Yield
0.36%
Market Cap
$6.29 billion
Rev. per Employee
$7.65M
loading...
/zigman2/quotes/209685666/composite
US : U.S.: NYSE
$ 49.73
+2.03 +4.26%
Volume: 1.35M
May 25, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
2.01%
Market Cap
$5.02 billion
Rev. per Employee
$285,341
loading...
/zigman2/quotes/201200230/composite
US : U.S.: Nasdaq
$ 141.75
+5.97 +4.40%
Volume: 3.40M
May 25, 2022 4:00p
P/E Ratio
9.34
Dividend Yield
1.98%
Market Cap
$24.10 billion
Rev. per Employee
$9.22M
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