Pioneer Natural Resources Co
PXD:NYSE
| Last | Change / % Change | Dividend Yield | Volume |
| 88.97 | 1.14 1.30% | 0.09% | 783,648 |
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Latest News Headlines for Pioneer Natural Resources Co
Pioneer Natural Resources (PXD) Could Fall Through $85.67 Support Level
Pioneer Natural Resources (NYSE:PXD) closed Wednesday's losing trading session at $87.83. In the past year, the stock has hit a 52-week low of $58.63 and 52-week high of $106.07. Pioneer Natural Resources (PXD) stock has been showing support around $85.67 and resistance in the $91.37 range. Technical indicators for the stock are Bullish and S&P; gives Pioneer Natural Resources (PXD) a positive 4 STARS (out of 5) buy rating. For a hedged play on Pioneer Natural Resources (PXD), look at the Mar '12 $85.00 covered call for a net debit in the $79.43 area. That is also the break-even stock price for this trade. This covered call has a duration of 79 days, provides 9.56% downside protection and an assigned return rate of 7.01% for an annualized return rate of 32.40% (for comparison purposes only). A lower-cost hedged play for Pioneer Natural Resources (PXD) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Pioneer Natural Resources (PXD) Jan '13 $35.00 call and selling the Mar '12 $85.00 call for a total debit of $46.50. The trade has a lifespan of 79 days and would provide 7.21% downside protection and an assigned return rate of 7.53% for an annualized return rate of 35% (for comparison purposes only). Pioneer Natural Resources (PXD) has a current annual dividend yield of 0.09%.
Look for Shares of Pioneer Natural Resources to Potentially Rebound after Yesterday's 1.24% Sell Off
Pioneer Natural Resources (NYSE:PXD) traded in a range yesterday that spanned from a low of $88.60 to a high of $89.80. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $84.73 on volume of 554,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Watch for Pioneer Natural Resources to Potentially Rebound After Falling 1.24% Yesterday
View more recent headlinesPioneer Natural Resources (NYSE:PXD) traded in a range yesterday that spanned from a low of $88.60 to a high of $89.80. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $84.73 on volume of 554,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Company Background
Pioneer Natural Resources Company is a holding company. It is an independent oil and gas exploration and production company with existing operations in the United States and South Africa. It explores, develops and produces oil and gas reserves. Its asset base is anchored by the Spraberry oil field located in West Texas, the Raton gas field located in southern Colorado, the Hugoton gas field located in southwest Kansas and the West Panhandle gas field located in the Texas Panhandle. It has exploration and development opportunities and/or oil and gas production activities in the Eagle Ford Shale and Edwards Trend areas of South Texas, the Barnett Shale area of North Texas and Alaska, and internationally in South Africa. Its production operations are located in Texas, Kansas, Colorado and Alaska, and internationally in South Africa. In February 2011, it closed its sale of all of the stock of Pioneer's Tunisia subsidiaries to a wholly owned subsidiary of OMV AG.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 88.20 | Previous Close 87.83 |
Day High 89.07 | Day Low 87.53 |
52wk High/Date 106.07 / 4/8/2011 | 52wk Low/Date 58.63 / 10/4/2011 |
Beta 1.7 | Market Capitalization 10.8B |
Shares Outstanding 121.9M | Volatility Avg 45.03 |
Avg Vol(10 day) 1.3M | P/E Ratio 19.8x |
EPS(TTM) 4.49 | Yield 0.09% |
Dividend Announcement 8/26/2011 | Ex-Date 9/28/2011 |
Payable 0.04 - SEMI | Payable Date 10/14/2011 |
Date of Record 9/30/2011 | |
Last Trade as of 12/29/2011 4:00 PM ET | |
PXD Pioneer Natural Resources Co vs. Peers
| Peers | |
|---|---|
PXD Pioneer Natural Resources Co | 1.16% |
Apache Corporation | -25.76% |
Noble Energy, Inc. | 9.22% |
Ultra Petroleum Corp. | -37.37% |
ATP Oil & Gas Corporation | -56.87% |
PXD Pioneer Natural Resources Co | 0.09% |
Apache Corporation | 0.68% |
Noble Energy, Inc. | 0.94% |
Ultra Petroleum Corp. | -- |
ATP Oil & Gas Corporation | -- |
PXD Pioneer Natural Resources Co | 1.30% |
Apache Corporation | 1.65% |
Noble Energy, Inc. | 2.14% |
Ultra Petroleum Corp. | 0.97% |
ATP Oil & Gas Corporation | -2.08% |