Pioneer Natural Resources Company (NYSE:PXD): The mean short term price target for Pioneer Natural Resources Company (NYSE:PXD) has been established at $183.22 per share. The higher price target estimate is at $210 and the lower price target estimate is expected at $142 according to 25 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $19.22
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Nomura maintains its rating on Pioneer Natural Resources Company (NYSE:PXD). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Nomura raises the price target from $156 per share to $189 per share. The rating by the firm was issued on May 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities,The (EVP, BD & Geoscience) of Pioneer Natural Resources Co, Cheatwood Chris J sold 10,641 shares at $165.24 on May 2, 2016. The Insider selling transaction had a total value worth of $1,758,319. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Pioneer Natural Resources Company (NYSE:PXD) : On Monday heightened volatility was witnessed in Pioneer Natural Resources Company (NYSE:PXD) which led to swings in the share price. The stock opened for trading at $158.83 and hit $163.495 on the upside , eventually ending the session at $160.68, with a gain of 0.71% or 1.13 points. The heightened volatility saw the trading volume jump to 1,562,536 shares. The 52-week high of the share price is $171.88 and the company has a market cap of $26,280 million. The 52-week low of the share price is at $103.5 .
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.