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3 Stocks to Watch For: Pioneer Natural Resources Company (PXD), Intercontinental Exchange, Inc. (ICE), CBS Corporation (CBS)

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Pioneer Natural Resources Company (PXD) saw its value increase by 1.5% as the stock gained $2.87 to finish the day at a closing price of $194.46. The stock was higher in trading and has fluctuated between $115.03-$195 per share for the past year. The shares, which traded within a range of $192.33 to $195 during the day, are up by 9.43% in the past three months and up by 11.66% over the past six months. It is currently trading 6.81% above its 20 day moving average and 5.67% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $221.75 a share over the next twelve months. The current relative strength index (RSI) reading is 64.28.The technical indicator lead us to believe there will be no major movement any time soon, hold.

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.

Intercontinental Exchange, Inc. (ICE) shares were up in last trading by 0.12% to $57.65. It experienced higher than average volume on day. The stock decreased in value by almost -1.52% over the past week and grew 1.43% in the past month. It is currently trading 0.2% above its 50 day moving average and 6.15% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -4.77% decrease in value from its one year high of $60.54. The RSI indicator value of 47.24, lead us to believe that it is a hold for now.

Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Israel, Canada, and Singapore. It operates in two segments: Trading and Clearing, and Data and Listings. The company operates marketplaces for trading and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies. It primarily provides price discovery and trade execution, listings, trade processing and data repositories, clearing and related post-trade activities, data, and benchmark administration services. The company operates exchanges and marketplaces, such as ICE Futures Europe, ICE Futures U.S., ICE Futures Canada, ICE Endex, ICE Futures Singapore, and NYSE Amex and NYSE Arca Options, as well as over-the-counter markets for physical energy and credit default swaps, and central counterparty clearing houses. It serves commodity producers and consumers, financial institutions, money managers, trading firms, and other business entities; various market participants in the equities markets, such as financial institutions, institutional investors, wholesalers, hedge funds, quantitative funds, algorithmic traders, and individual investors; and members, which are entities registered as broker-dealers with the Securities and Exchange Commission. The company’s customers also comprise companies operating in a range of sectors, including technology, financial services, consumer brands, industrial, transportation, media, energy, and mining; the financial services industry; and value added resellers, such as custodians, wealth managers, software providers, and other outsourcing organizations. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

CBS Corporation (CBS) traded within a range of $64.2 to $64.82 after opening the day at $64.56. The company has seen its stock increase in value by 1.23% so far this year. The stock was up close to 0.03% on light volume in last trading session and closed at $64.4 per share. After the recent gain, the stock is currently holding -3.71% below its 52 week high of $66.88 and 57.61% above its 12-month low of $43.54. The shares are up by over 12.49% in the last three months, and the RSI indicator value of 55.54 is neither bullish nor bearish, tempting investors to stay on the sidelines.

CBS Corporation operates as a mass media company worldwide. The company’s Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures. Its Cable Networks segment offers subscription program services, such as original series, theatrical feature films, documentaries, boxing and other sports-related programming, and special events; and owns and operates multiplexed channels. This segment also owns and manages Smithsonian Networks, which operates a channel featuring cultural, historical, scientific, and educational programs; and operates a CBS Sports Network, a 24-hour cable program service that provides college sports and related content. The company’s Publishing segment publishes and distributes adult and children’s consumer books in printed, digital, and audio formats; and develops special imprints and publishes titles based on the products, as well as that of third parties and distributes products for other publishers. This segment also delivers content; and promotes its products on its Websites, social media, and general Internet sites, as well as those related to individual titles. Its Local Broadcasting segment owns 30 broadcast television stations; owns and operates 117 radio stations in 26 U.S. markets and related online properties; and operates local digital properties in various U.S. markets that combine the company’s television and radio local media brands online to offer the latest news, traffic, weather, and sports information, as well as local discounts, directories, and reviews for local community. The company was founded in 1986 and is headquartered in New York, New York. CBS Corporation is a subsidiary of National Amusements, Inc.

 

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