- Shares of Pioneer Natural Resources (NYSE:PXD) have been on the rebound since a disappointing Q4 earnings report, in part because the company’s debt levels and development costs are lower than its competitors, which puts it in a strong position to weather the oil slump, according to a Bloomberg profile.
- PXD’s debt is ~1.4x a projection for its 2015 EBITDA, according to calculations by RBC analyst Leo Mariani, who says the result is ~25% lower than its competitors, including Concho Resources (NYSE:CXO) and Newfield Exploration (NYSE:NFX).
- Investors are watching to see if PXD can close above the intraday low of $160.50 from Nov. 26, the last trading day before a plunge in oil prices sent shares down 11%, Miller Tabak's Matt Maley says, and that it would be a bullish technical indicator if the stock can “fill the gap.”