The short interest in Pioneer Natural Resources Company (NYSE:PXD) has declined from 9,108,012 on May 31,2016 to 8,571,379 on June 15,2016. The change was measured at 536,633 shares or 5.9%. The leftover shorts were 5.3% of the floated shares. The days to cover are 6, given the average daily volume of 1,430,319 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Pioneer Natural Resources Company (NYSE:PXD): The stock opened at $153.91 on Friday but the bulls could not build on the opening and the stock topped out at $155.76 for the day. The stock traded down to $152.52 during the day, due to lack of any buying support eventually closed down at $152.92 with a loss of -4.78% for the day. The stock had closed at $160.59 on the previous day. The total traded volume was 4,591,311 shares.
The company shares have rallied 11.31% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $171.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $161.21 and the 200 Day Moving Average price is recorded at $139.29.
Pioneer Natural Resources Company (NYSE:PXD) has tumbled 0.98% during the past week and has dropped 5.38% in the last 4 week period. The company has outperformed the S&P 500 by 0.67% in the past week but underperformed the index by 2.51% in the last 4 weeks.
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.