Street Earnings

Stocks Buzz: Pioneer Natural Resources Company (PXD), Liberty Broadband Corporation (LBRDK), CMS Energy Corporation (CMS)

stocks (14)

Pioneer Natural Resources Company (PXD) failed to extend gains with the stock declining -0.42% or $-0.77 to close the day at $181.46 on light trading volume of 1.13M shares, compared to its three month average trading volume of 1.61M. The Irving Texas 75039 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 51.28%, compared to the industry which has advanced 44.7% over the same period. With RSI of 49.77, the stock should still continue to rise and get closer to its one year target estimate of $219.7, making it a hold for now.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeastern Colorado, and the West Panhandle field in the Texas Panhandle. As of December 31, 2015, the company had proved undeveloped reserves and proved developed reserves of approximately 47 million Bbls of oil, 15 million Bbls of NGLs, and 157 billion cubic feet of gas; and owned interests in seven gas processing plants and eight treating facilities. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.

Liberty Broadband Corporation (LBRDK) retreated with the stock falling -2.38% or $-2.08 to close at $85.35 on light trading volume of 1.13M compared its three months average trading volume of 595.34K. The Englewood Colorado 80112 based company operating under the Broadcasting – TV industry has been trending up for the last 52 weeks, with the shares price now 85.75% up for the period and up by 15.23% so far this year. With price target of $82.5 and a 106.66% rebound from 52-week low, Liberty Broadband Corporation has plenty of upside potential, making it a hold with a view buy.

Liberty Broadband Corporation, a cable operator, provides video programming, Internet, voice, and advanced video services to residential and commercial customers in the United States. It operates through TruePosition and Charter segments. The TruePosition segment develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services; and services in support of national security and law enforcement. This segment also operates a location network, which provides hybrid wireless positioning technology and contextual location intelligence solutions. The Charter segment offers cable services, such as digital video services; local and long distance calling; and video entertainment services, Internet access, business telephone services, data networking, and fiber connectivity to cellular towers and office buildings, as well as sells advertising on cable television networks. As of December 31, 2015, this segment served approximately 4.3 million residential video customers; 5.2 million residential Internet customers; and 2.6 million residential voice service customers, as well as 671,000 small and medium business primary service units (PSUs) and 30,000 enterprise PSUs. The company is based in Englewood, Colorado.

CMS Energy Corporation (CMS) failed to extend gains with the stock declining -0.43% or $-0.18 to close the day at $41.78 on lower than average trading volume of 1.11M shares, compared to its three month average trading volume of 1.87M. The Jackson Michigan 49201 based company has been underperforming the electric utilities companies by 1.0777% for last three months and its recent gains have pushed the stock slightly up 0.38% YTD, versus the electric utilities industry which is down -0.15% for the same period. The RSI of 48.45 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity to residential, commercial, and diversified industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants. This segment’s distribution system includes 434 miles of high-voltage distribution radial lines; 4,251 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 56,023 miles of electric distribution overhead lines; 10,383 miles of underground distribution lines; and substations with an aggregate transformer capacity of 24 million thousand volt-amperes. The Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas. This segment’s gas transmission, storage, and distribution system comprises 1,686 miles of transmission lines; 15 gas storage fields with a total storage capacity of 309 billion cubic feet and a working gas volume of 151 billion cubic feet; 27,537 miles of distribution mains; and 7 compressor stations with a total of 157,939 installed and available horsepower. The Enterprises segment engages in the independent power production and marketing activities. As of December 31, 2015, this segment had ownership interests in independent power plants fueled by natural gas and biomass totaling 1,177 megawatts. The company also provides unsecured consumer installment loans for financing home improvements. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.

 

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