Pioneer Natural Resources Company (NYSE:PXD) has tumbled 3.21% during the past week and has dropped 6.03% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.05%. Pioneer Natural Resources Company (NYSE:PXD) has underperformed the index by 6.89% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Pioneer Natural Resources Company (NYSE:PXD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $154.50 and $153.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $155.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $154.43, notching a gain of 1.17% for the day. The total traded volume was 3,269,673 . The stock had closed at $152.64 on the previous day.
The company shares have rallied 8.27% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $171.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $162.07 and the 200 Day Moving Average price is recorded at $138.89.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Cheatwood Chris J, (EVP, BD & Geoscience) of Pioneer Natural Resources Co, had unloaded 10,641 shares at an average price of $165.24 in a transaction dated on May 2, 2016. The total value of the transaction was worth $1,758,319.
Many analysts have stated their opinion on the company shares. Nomura maintains its view on Pioneer Natural Resources Company (NYSE:PXD) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Nomura raises the price target from $156 per share to $189 per share on Pioneer Natural Resources Company. The rating by the firm was issued on May 2, 2016. Currently the company Insiders own 0.92% of Pioneer Natural Resources Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.33% . Institutional Investors own 98.34% of Pioneer Natural Resources Company shares. During last six month period, the net percent change held by insiders has seen a change of -6.33%.
Pioneer Natural Resources Company (Pioneer) is an independent oil and gas exploration and production company with operations in the United States. The Company focuses on production of oil, natural gas liquid (NGLs) and gas through development drilling, production enhancement activities and acquisitions of producing properties. The Companys properties include Spraberry/Wolfcamp oil field located in West Texas; the liquid-rich Eagle Ford Shale field located in South Texas; Raton gas field located in southern Colorado; the West Panhandle gas and liquids field located in the Texas Panhandle, and the Edwards gas field located in South Texas. The Companys operations include well stimulation and hydraulic fracturing. The Companys proved reserves include approximately 89 million Bbls (MMBbl) of oil, 42 MMBbls of NGLs and 317 billion cubic feet (Bcf) of gas. The Company owns interests in six gas processing plants and eight treating facilities.