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Actionable news in PXD: PIONEER NATURAL RESOURCE CO.,

Pioneer Pumped Up On Strong First Quarter Performance

Pioneer Natural Resources (PXD - Get Report) stock headed higher in after-hours trading after management reported another strong performance to shareholders for the first quarter of 2016.

Management of the Irving, Texas-based oil and gas company beat earlier guidance for production in the first quarter, which rose by 3% to 222,000 barrels of oil equivalent, this a combination of shale gas and oil. More than half (55%) of the production comes from oil. For the full year, the board expects production growth to top 12%, reflecting improved recovery...


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