September 1, 2019 - 12:10 PM EDT
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This Oil Company Believes Its Stock Is a Screaming Buy (and It’s Not Alone)

Crude oil prices have bounced around quite a bit over the past year. That volatility has weighed on the share prices of oil producers such as Pioneer Natural Resources (NYSE: PXD) -- its market cap has tumbled by more than 30% since last August.

But as management made clear during the company's second-quarter conference call, the company isn't sitting idly by. It's using the financial flexibility of its healthy balance sheet to take advantage of the situation and gobble up its own shares.

Image source: Getty Images.

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Source: Motley Fool (September 1, 2019 - 12:10 PM EDT)

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