Pioneer Natural Resources Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of oil & gas explorer Pioneer Natural Resources (NYS: PXD) jumped 10% today after the company released earnings.

So what: Revenue during the third quarter jumped 40% to $610.5 million and adjusted earnings per share were $1.35, topping estimates of $0.87. During the fourth quarter, management expects to produce 136 to 141 thousand barrels of oil equivalent per day.

Now what: Production will be up in the fourth quarter from 128 thousand barrels of oil equivalent in the third quarter. And for 2012, management is expecting production to grow another 20% plus, so the growth curve is tremendous. I think Pioneer's shares have more room to run on these growth numbers and continued profitability.

Interested in more info on Pioneer Natural Resources? Add it to your watchlist byclicking here.

At the time this article was published Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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