Pioneer Natural Resources Company (PXD) has risen sharply, recording gains of 10.41% in the past 4 weeks. However, the stock has corrected -3.28% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.65% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.45% and the fifty day Moving Average is 11.21%. Pioneer Natural Resources Co. is up 11.07% in the last three month period. Year-to-Date the stock performance stands at 43.21%.
Pioneer Natural Resources Company (PXD) : The highest short term price target forecast on Pioneer Natural Resources Company (PXD) is $240 and the lowest target price is $155. A total of 27 equity analysts are currently covering the company. The average price of all the analysts is $199.41 with a standard deviation of $20.51.
Pioneer Natural Resources Company (NYSE:PXD): On Fridays trading session , Opening price of the stock was $181.3 with an intraday high of $181.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $178.58. However, the stock managed to close at $179.5, a loss of 0.50% for the day. On the previous day, the stock had closed at $180.41. The total traded volume of the day was 1,294,313 shares.
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.