The market has been high on Pioneer Natural Resources Co (PXD) stock recently. PXD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Pioneer Natural Resources Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PXD!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With PXD Stock Today?
Pioneer Natural Resources Co (PXD) stock has gained 3.54% while the S&P 500 is lower by -0.26% as of 1:40 PM on Wednesday, Oct 5. PXD has risen $8.61 from the previous closing price of $243.52 on volume of 1,621,032 shares. Over the past year the S&P 500 has fallen -12.08% while PXD has risen 40.88%. PXD earned $24.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.42.
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More About Pioneer Natural Resources Co
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2021, Pioneer's proven reserves were 2.2 billion barrels of oil equivalent with net production for the year of 612 mboe per day. Oil and natural gas liquids represented 68% of production.
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