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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Pioneer Natural Resources Co's Debt-to-Equity or its related term are showing as below:
BSP:P1IO34's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.45 * Ranked among companies with meaningful Debt-to-Equity only.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Pioneer Natural Resources Co Debt-to-Equity Related Terms
Pioneer Natural Resources Co Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:P1IO34 vs OXY, HES, EOG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pioneer Natural Resources Co Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Pioneer Natural Resources Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pioneer Natural Resources Co's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Pioneer Natural Resources Co (BSP:P1IO34) has a Debt-to-Equity of 0.23 as of Mar. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pioneer Natural Resources Co and its competitors.
Is Pioneer Natural Resources Co's Debt-to-Equity too high?
Pioneer Natural Resources Co's current Debt-to-Equity is 0.23. The Oil & Gas industry median Debt-to-Equity is 0.45. Pioneer Natural Resources Co's value of 0.23 is 48.9% below this industry median. Overall, Pioneer Natural Resources Co has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Natural Resources Co's Debt-to-Equity compare to OXY and HES?
Pioneer Natural Resources Co's Debt-to-Equity of 0.23 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.45. Pioneer Natural Resources Co's value of 0.23 is 48.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 810 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Natural Resources Co's current Debt-to-Equity of 0.23 is 48.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pioneer Natural Resources Co and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Natural Resources Co's current Debt-to-Equity is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Natural Resources Co stock overvalued right now?
Pioneer Natural Resources Co (BSP:P1IO34) has a current Debt-to-Equity of 0.23. The current Debt-to-Equity is 0.23 and 48.9% below the Oil & Gas industry median of 0.45. Pioneer Natural Resources Co's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Pioneer Natural Resources Co (BSP:P1IO34), the current Debt-to-Equity is 0.23 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.
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