Published on 30 Apr 2024 on Zacks via Yahoo Finance
Why You Should Buy Pioneer Natural (PXD) Ahead of Q1 Earnings
Investors are closely monitoring Pioneer Natural Resources Company PXD as it prepares to announce first-quarter 2024 earnings on May 2, after market close. Some investors are considering whether to buy shares of this large exploration and production energy company before its earnings release or wait for a more favorable entry opportunity.
Promising Price Trends
Pioneer Natural has proven to be rewarding since the beginning of 2024, gaining 23.0% year to date, surpassing the 12.4% rise of the composite stocks belonging to the Zacks US Oil & Gas Exploration & Production industry. The acquisition of the company by Exxon Mobil Corporation XOM is probably the main catalyst that is driving the outperformance.