Pioneer Natural Resources Company (NYSE:PXD) : 25 Wall Street analysts covering Pioneer Natural Resources Company (NYSE:PXD) believe that the average level the stock could reach for the short term is $184.04. The maximum price target given is $216 and the minimum target for short term is around $96, hence the standard deviation is calculated at $25.37.
Other Equity analysts have also commented 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.
Pioneer Natural Resources Company (NYSE:PXD): stock turned positive on Thursday. Though the stock opened at $160.61, the bulls momentum made the stock top out at $162.43 level for the day. The stock recorded a low of $159.66 and closed the trading day at $160.59, in the green by 1.16%. The total traded volume for the day was 1,999,627. The stock had closed at $158.75 in the previous days trading.
The company shares have rallied 11.61% 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 $161.38 and the 200 Day Moving Average price is recorded at $139.02. 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.
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.