Pioneer Natural (PXD) Offering Possible 61.29% Return Over the Next 8 Calendar Days

Pioneer Natural's most recent trend suggests a bullish bias. One trading opportunity on Pioneer Natural is a Bull Put Spread using a strike $149.00 short put and a strike $144.00 long put offers a potential 61.29% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $149.00 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock dropped below the $144.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Pioneer Natural is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Pioneer Natural is bearish.

The RSI indicator is at 57.89 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Pioneer Natural

Update On The World’s Most Exciting Oil Play: Interview With Scot Evans
Mon, 09 Aug 2021 23:51:00 +0000
As the world’s most exciting oil play continues to post stellar results, we had a chance to speak with the man behind the project

EOG Resources Beats As Top Shale Stocks Pay Out More
Wed, 04 Aug 2021 20:35:54 +0000
EOG Resources topped second-quarter forecasts late Wednesday after rival shale oil stocks detailed bigger shareholder returns.

Pioneer Stock Strength Rating Reaches Key Threshold; Energy Group Pulls Ahead Of Pack
Wed, 04 Aug 2021 18:48:00 +0000
On Wednesday, the Relative Strength (RS) Rating for Pioneer Natural Resources rose into a new percentile, jumping to 83, up from 74 the day before. Pioneer stock was down in afternoon trading in sync with market consolidation. The 83 RS Rating means Pioneer stock has outperformed 83% of all stocks over the past year.

Pioneer CEO Says He’s Sitting Out Latest Round of Shale M&A
Wed, 04 Aug 2021 15:48:35 +0000
(Bloomberg) — With more consolidation brewing in the largest U.S. oil patch, the boss of one of the largest independent shale producers says he’s not interested, and warned that investors are still skittish about deals.“There’s no more reason for Pioneer to do any more M&A,” Scott Sheffield, the chief executive officer of Pioneer Natural Resources Co., said in an interview on Bloomberg TV.The comments from the often-outspoken executive, who’s one of the most prominent figures in U.S. shale, poi

Why Pioneer Natural Resources Tumbled More Than 10% in July
Wed, 04 Aug 2021 13:30:15 +0000
Weighing on the oil stock were lower oil prices and its oil hedging program. Oil prices moderated a bit in July. West Texas Intermediate, the primary U.S. oil benchmark, fell from its peak above $75 a barrel at the beginning of the month to a few dollars below that price point by month-end.

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