Pioneer Natural Resources Company (PXD)

[OilStockReport]

A little more recent information...

Pioneer Natural Resources saw major stock jumps recently. As we all know, there is always a good reason why stocks make big jumps. So why did PXD see the jumps this time around? Travis Hoium lets us in on the secret.



What: Shares of oil & gas explorer Pioneer Natural Resources (NYSE: PXD ) jumped 10% today after the company released earnings.

So what: Revenue during the third quarter jumped 40% to $610.5 million and adjusted earnings per share were $1.35, topping estimates of $0.87. During the fourth quarter, management expects to produce 136 to 141 thousand barrels of oil equivalent per day.



In the next year, management in working to expand their operations and production even further. This could be mean even more growth for this stock in 2012. Watch this stock, it could pop again, and may be worth holding long term.