Pioneer Natural Resources (NYSE:PXD) Stock Lose In The Previous Trading Session


Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, Pioneer Natural Resources (NYSE:PXD) dropped by 1.43%. The opening price of the shares was $219.82, which climbed to an intraday high of $221.20 and dipped to a close of $210.36. Approximately 3.66 million shares were traded on Tuesday while an average volume of 1.69 million shares were traded over a 30 day period. The 52-week low of Pioneer Natural Resources (NYSE:PXD) shares is $100.48 and its 52-week high is $227.42. The company has a market capitalization of $29.14 billion.                                        

About the company

Pioneer Natural Resources (NYSE:PXD) was incorporated on 4 April 1997. It is an independent oil & gas exploration &production company that has operations in the U.S &South Africa. It  is a holding-company whose assets are made up of direct & indirect ownership-interests in, and its business is conducted mainly  through, its subsidiaries. Pioneer Natural Resources (NYSE:PXD) sells homogenous oil, natural-gas-liquid (NGL) &  gas units. It provides administrative, legal, financial and management-support to United States &  South Africa subsidiaries that explore , develop as well as produce proved reserves.

Its continuing operations are primarily  located in the United States in the states of Kansas, Texas, , Colorado & Alaska. During 2011 February, Pioneer Natural Resources (NYSE:PXD) completed selling  Pioneer Natural Resources Tunisia & Pioneer Natural Resources Anaguid.  In 2012 April,  it acquired Carmeuse Industrial Sands.  In 2012 August, it sold-off  its South Africa business to The Petroleum Oil and Gas Corporation of South Africa.

Pioneer Natural Resources (NYSE:PXD) has 15 owned-drilling rigs that operate in the Spraberry field. As of 31 December 2011, it had Company-owned fracture-stimulation fleets that totaled 250,000 hp supporting drilling-operations in the Spraberry, Eagle Ford Shale &  Barnett Shale Combo-areas. Pioneer Natural Resources (NYSE:PXD) also owns various other field-service equipment, including pulling-units, fracture-stimulation tanks, water-transport trucks, hot oilers, blowout-preventers, construction equipment & fishing tools.