Pioneer Natural Resources Company (PXD) Shares are Down -2.11%

Pioneer Natural Resources Company (PXD) has risen sharply, recording gains of 0.31% in the past 4 weeks. However, the stock has corrected -2.11% in the past 1 week, providing a good buying opportunity on dips. Pioneer Natural Resources Company (PXD) : During the past 4 weeks, traders have been relatively bearish on Pioneer Natural Resources Company (PXD), hence the stock is down -6.03% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.7% relative to the S&P 500.

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 $152.69 and $151.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $153.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $153.40, notching a gain of 0.76% for the day. The total traded volume was 1,794,179 . The stock had closed at $152.25 on the previous day.


The stock has recorded a 20-day Moving Average of 0.15% and the 50-Day Moving Average is 3.06%. Pioneer Natural Resources Co. is up 0.16% in the last 3-month period. Year-to-Date the stock performance stands at 22.38%.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *