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Pioneer Natural Resources Company (PXD) engages in the exploration and production of oil and gas in the United States.
The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle. The Company's 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 Company's operations include well stimulation and hydraulic fracturing. The Company's 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.
Shares have formed a bullish "flag" and higher share prices are expected for this stock. Note the 50-day moving average shown in green. The firm reports its quarterly results on November 2. Higher share prices are expected for this stock.
52-Weeks Trading Range: $105.83 - $195.79
Entry Point: $138.00
Stop Loss: $131.00
Target Price: $151.80
PXD closed at $149.00 after its 30 days expired.
