Visa, Pioneer Natural Resources, Rackspace, Regeneron Win 52-Week Price Highs Today

Visa Inc. (NYSE:V): Visa announced that U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of Dec. 31, 2011, demonstrating the significant progress the industry is making toward implementing Visa’s U.S. chip roadmap. In August 2011, Visa announced plans to accelerate mobile innovation and the adoption of EMV contact and contactless chip technology in the U.S. The shares closed at $107.36, up $0.33 or 0.31% on the day. They have traded in a 52-week range of $70.45 to $107.82.

Pioneer Natural Resources (NYSE:PXD): Pioneer Natural said, “We expect the Company to achieve a compound annual production growth rate of 20+% through 2014, with liquids increasing from 56% of total production currently to 65% in 2014. This strong, liquids-focused production growth, coupled with our attractive derivatives position, is forecasted to generate compound annual operating cash flow growth of 25+% over the 2012 through 2014 period. Revenue from liquids production is expected to grow from 80% of Pioneer’s total revenue currently to 90% by 2014, assuming commodity prices of $100 per barrel for oil and $3 per thousand cubic feet (AMEX:MCF) for gas in 2012 and $100 per barrel for oil and $4 per MCF for gas in 2013 and 2014.” The shares closed at $105.74, up $1.35 or 1.29% on the day. They have traded in a 52-week range of $58.63 to $106.07.

Rackspace Hosting (NYSE:RAX): William Blair’s channel checks indicate Rackspace will launch a cloud block storage service in the first half of 2012. The firm believes the launch should increase Rackspace’s enterprise wallet share and says it has increased confidence that the company will achieve at least high 20’s top line growth in 2012. William Blair keeps an Outperform rating on Rackspace shares. The shares closed at $48.40, up $1.21 or 2.56% on the day. They have traded in a 52-week range of $30.34 to $47.97.

Regeneron Pharmaceut (NASDAQ:REGN): Piper Jaffray downgraded Regeneron citing valuation and maintains an $81 price target for shares. The shares closed at $101.14, up $4.28 or 4.42% on the day. They have traded in a 52-week range of $34.05 to $97.56.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com