Pioneer Natural Resources Company (PXD) Shares are Up 5.98%

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 4.09% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.05%, 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 5.98% in the last 1 week, and is up 7.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.2% and the 50-Day Moving Average is 3.62%. Pioneer Natural Resources Co. has dropped 2.13% during the last 3-month period . Year-to-Date the stock performance stands at 29.7%.


Pioneer Natural Resources Company (NYSE:PXD): stock turned positive on Friday. Though the stock opened at $157.62, the bulls momentum made the stock top out at $163.13 level for the day. The stock recorded a low of $157.37 and closed the trading day at $162.57, in the green by 3.19%. The total traded volume for the day was 2,684,318. The stock had closed at $157.54 in the previous days trading.

Also, Major Brokerage house, Citigroup maintains its ratings on Pioneer Natural Resources Company (NYSE:PXD). In the latest research report, Citigroup raises the target price from $180 per share to $190 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

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.

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