NEW YORK (

TheStreet

) --

Pioneer Natural Resources Company

(NYSE:

PXD

) hit a new 52-week high Wednesday as it traded at $103.67 compared with its previous 52-Week high of $103.66. Pioneer Natural is changing hands at $103.55 with 13,482 shares traded as of 9:32 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Pioneer Natural has a market cap of $11.6 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 18.4% year to date as of the close of trading on Tuesday.

Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States, South Africa, and Tunisia. It produces crude oil, natural gas, and natural gas liquids (NGLs). The company has a P/E ratio of 25, above the average energy industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Pioneer Natural as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Pioneer Natural Ratings Report

.

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