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Upgrade Alert for Pioneer Natural Resources (PXD)

By Amy Schwartz

Pioneer Natural Resources (NYSE:PXD) was upgraded from Equalweight to Overweight at Capital One today. The stock closed yesterday at $157.54 on volume of 3.7 million shares, above average daily volume of 2.2 million.

Pioneer Natural Resources has overhead space with shares priced $157.54, or 4.6% below the average consensus analyst price target of $165.18. The stock should find initial support at its 50-day moving average (MA) of $142.85 and further support at its 200-day MA of $131.30.

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

In the past 52 weeks, Pioneer Natural Resources share prices have been bracketed by a low of $103.50 and a high of $173.59 and closed yesterday at $157.54, 52% above that low price. The 200-day and 50-day moving averages have moved 0.53% higher and 2.25% higher over the past week, respectively.

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