Pioneer Natural Resources Company (PXD) : 30 analysts are covering Pioneer Natural Resources Company (PXD) and their average rating on the stock is 1.33, which is read as a Strong Buy. 24 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Pioneer Natural Resources Company (PXD) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Pioneer Natural Resources Company (PXD) : Currently there are 26 street experts covering Pioneer Natural Resources Company (PXD) stock. The most bullish and bearish price target for the stock is $216 and $96 respectively for the short term. The average price target of all the analysts comes to $184.27. The estimated standard deviation from the target is $24.79.
Pioneer Natural Resources Company (NYSE:PXD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $151.01 and $149.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $152.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $151.55, notching a gain of 0.06% for the day. The total traded volume was 2,316,275 . The stock had closed at $151.46 on the previous day.
Also, CLSA initiates coverage on Pioneer Natural Resources Company (NYSE:PXD) . Analysts at the CLSA have a current rating of Buy on the shares. The rating by the firm was issued on June 22, 2016. The company shares have rallied 12.33% 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 $158.90 and the 200 Day Moving Average price is recorded at $139.87.
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.