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 6.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.96%, 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 3.4% in the last 1 week, and is up 9.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $163.00 and $161.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $168.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $168.09, notching a gain of 3.19% for the day. The total traded volume was 2,687,370 . The stock had closed at $162.90 on the previous day.
The stock has recorded a 20-day Moving Average of 8.01% and the 50-Day Moving Average is 7.28%. Pioneer Natural Resources Co. is up 5.41% in the last 3-month period. Year-to-Date the stock performance stands at 34.1%.
Pioneer Natural Resources Company (PXD) stock is expected to deviate a maximum of $19.1 from the average target price of $194.92 for the short term period. 26 Street Experts have initiated coverage on the stock with the most promising target being $238 and the most muted being $155.
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.