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No. of Recommendations: 3
PXD is a very strong shale producer in the Permian basin in Texas. Often it is overvalued making it difficult for a value oriented investor to acquire it.

However, today PXD is trading around 130 (a forward P/E of 19), compared with a year high around 210. Morningstar rates it 4 stars, with a fair value of 180. Kurt Wullf, a now retired oil analyst, projected its value in Dec of 2018 of 193.

The current sentiment is quite bearish. They just fired their CEO. Thomson Reuters Starmine rates the stock as "very bearish". There is an investigation about a potential investor class action lawsuit by one of the bottom feeders.

According to Morningstar, they have enough wells to drill that it would take them until 2050 at current rates.

I will continue to evaluate this....

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