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Traders Recap: Pioneer Natural Resources Company (PXD), Public Service Enterprise Group Incorporated (PEG), Franklin Resources, Inc. (BEN)

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Pioneer Natural Resources Company (PXD) continued its downward trend with the stock declining -2.28% or $-4.51 to close the day at $193.21 on higher than average trading volume of 1.95M shares, compared to its three month average trading volume of 1.67M. The Irving Texas 75039 based company has been outperforming the independent oil & gas companies by 8.0769% for last three months and its recent gains have pushed the stock slightly up 7.3% YTD, versus the independent oil & gas industry which is down -3.29% for the same period. The RSI of 58.89 indicates the stock is neither overvalued nor undervalued at the current levels, 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.

Public Service Enterprise Group Incorporated (PEG) had a light trading with around 1.95M shares changing hands compared to its three month average trading volume of 2.37M. The stock traded between $43.24 and $43.66 before closing at the price of $43.66 with 1.04% change on the day. The Newark New Jersey 07102 based company is currently trading 12.26% above its 52 week low of $39.28 and -5.24% below its 52 week high of $47.41. Both the RSI indicator and target price of 50.98 and $45.88 respectively, lead us to believe that it should be put on hold over the coming weeks.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of approximately 11,678 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products. The company also transmits electricity; and distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and implements energy efficiency and demand response programs. In addition, it offers appliance services and repairs to customers. As of December 31, 2015, the company’s electric transmission and distribution system included 24,022 circuit miles, of which 8,226 circuit miles were underground; and 848,496 poles, of which 549,636 poles were jointly-owned, as well as 4 electric distribution headquarters and 5 sub-headquarters. It also owned and operated 18,112 miles of gas mains; owned 12 gas distribution headquarters and 2 sub-headquarters; owned 1 meter shop; operated 60 natural gas metering and regulating stations; and owned 43 switching stations with an aggregate installed capacity of 29,090 megavolt-amperes (MVA) and 246 substations with an aggregate installed capacity of 8,179 MVA. Public Service Enterprise Group Incorporated was founded in 1985 and is headquartered in Newark, New Jersey.

Franklin Resources, Inc. (BEN) traded within a range of $42.1 to $42.8 after opening the day at $42.7. The company has seen its stock increase in value by 6.85% so far this year. The stock was down close to -1.01% on light volume in last trading session and closed at $42.29 per share. After the recent fall, the stock is currently holding -1.26% below its 52 week high of $42.83 and 40.63% above its 12-month low of $30.56. The shares are up by over 9.23% in the last three months, and the RSI indicator value of 64.87 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.

 

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