Short Term Rating on Pioneer Natural Resources Company (PXD)

Pioneer Natural Resources Company (PXD) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 30 equity analysts. Nonetheless, 24 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Pioneer Natural Resources Company (PXD) : 26 Wall Street analysts covering Pioneer Natural Resources Company (PXD) believe that the average level the stock could reach for the short term is $184.39. The maximum price target given is $216 and the minimum target for short term is around $96, hence the standard deviation is calculated at $24.93.

For the current week, the company shares have a recommendation consensus of Buy.


Pioneer Natural Resources Company (NYSE:PXD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $155.11 and $154.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $158.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $156.50, notching a gain of 2.29% for the day. The total traded volume was 1,815,509 . The stock had closed at $153.00 on the previous day.

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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