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Upgrade Alert for Pioneer Natural Resources (PXD)

By Shiri Gupta

Pioneer Natural Resources (NYSE:PXD) was upgraded from Accumulate to Buy at KLR Group today. The stock closed yesterday at $156.85 on volume of 1.1 million shares, below average daily volume of 2.2 million.

There is potential upside of 5.3% for shares of Pioneer Natural Resources based on a current price of $156.85 and an average consensus analyst price target of $165.18. Pioneer Natural Resources shares have support at the 50-day moving average (MA) of $142.85 and additional support at the 200-day MA of $131.30.

In the past 52 weeks, shares of Pioneer Natural Resources have traded between a low of $103.50 and a high of $173.59 and closed yesterday at $156.85, which is 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

Pioneer Natural Resources Company is an independent oil and gas exploration and production company with operations in the United States, South Africa, and Tunisia.

SmarTrend is tracking the current trend status for Pioneer Natural Resources and will alert subscribers who have PXD in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades pioneer natural resources

Ticker(s): PXD