Pioneer Natural Resources Company (PXD) Shares are Up 2.35%

Pioneer Natural Resources Company (PXD) : Traders are bullish on Pioneer Natural Resources Company (PXD) as it has outperformed the S&P 500 by a wide margin of 9.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.83%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.35% in the last 1 week, and is up 9.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.94% and the 50-Day Moving Average is 12.05%.The 200 Day SMA reached 26.17%. Pioneer Natural Resources Co. is up 14.18% in the last 3-month period. Year-to-Date the stock performance stands at 46.57%.


Pioneer Natural Resources Company (NYSE:PXD): After opening at $182, the stock dipped to an intraday low of $181.78 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $183.92 and the buying power remained strong till the end. The stock closed at $183.71 for the day, a gain of 1.94% for the day session. The total traded volume was 1,247,705. The stocks close on the previous trading day was $180.22.

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.

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