The stock of Pioneer Energy Services Corp (NYSE:PES) is a huge mover today! The stock increased 3.86% or $0.15 during the last trading session, hitting $4.04. About 1.18M shares traded hands or 27.05% up from the average. Pioneer Energy Services Corp (NYSE:PES) has risen 194.70% since February 26, 2016 and is uptrending. It has outperformed by 184.27% the S&P500.
The move comes after 7 months positive chart setup for the $285.65M company. It was reported on Oct, 1 by Barchart.com. We have $8.93 PT which if reached, will make NYSE:PES worth $345.64 million more.
Analysts await Pioneer Energy Services Corp (NYSE:PES) to report earnings on November, 3. They expect $-0.33 earnings per share, down 32.00% or $0.08 from last year’s $-0.25 per share. After $-0.31 actual earnings per share reported by Pioneer Energy Services Corp for the previous quarter, Wall Street now forecasts 6.45% negative EPS growth.
Pioneer Energy Services Corp (NYSE:PES) Ratings Coverage
Out of 9 analysts covering Pioneer Energy (NYSE:PES), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Pioneer Energy has been the topic of 18 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Jefferies on Monday, July 11. Seaport Global Securities upgraded Pioneer Energy Services Corp (NYSE:PES) rating on Friday, September 30. Seaport Global Securities has “Buy” rating and $5 price target. The rating was upgraded by Piper Jaffray to “Overweight” on Wednesday, June 29. The rating was maintained by Wunderlich on Monday, May 2 with “Hold”. The stock of Pioneer Energy Services Corp (NYSE:PES) has “Outperform” rating given on Monday, July 18 by Wells Fargo. The stock of Pioneer Energy Services Corp (NYSE:PES) has “Hold” rating given on Friday, July 31 by Deutsche Bank. The stock of Pioneer Energy Services Corp (NYSE:PES) has “Buy” rating given on Thursday, September 15 by DA Davidson. The rating was maintained by Howard Weil with “Sector Perform” on Friday, July 31. On Tuesday, September 1 the stock rating was downgraded by Wells Fargo to “Market Perform”. Simmons & Co upgraded the shares of PES in a report on Wednesday, June 29 to “Overweight” rating.
According to Zacks Investment Research, “Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The company’s Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas.”
More important recent Pioneer Energy Services Corp (NYSE:PES) news were published by: Fool.com which released: “Weak Earnings Weigh on Pioneer Energy Services Corp’s Stock” on July 28, 2016, also Streetinsider.com published article titled: “Jefferies Upgrades Pioneer Energy Services Corp (PES) to Buy”, Prnewswire.com published: “Pioneer Energy Services Reports Fourth Quarter 2015 Results” on February 17, 2016. More interesting news about Pioneer Energy Services Corp (NYSE:PES) was released by: Moodys.com and their article: “Moody’s downgrades Pioneer Energy Services to Caa3; negative outlook” with publication date: March 04, 2016.
PES Company Profile
Pioneer Energy Services Corp., incorporated on November 14, 1979, provides land drilling services and production services to gas and oil exploration, and production companies in the United States and internationally in Colombia. The Firm operates through two divisions: Drilling Services and Production Services. The Firm also provides coiled tubing and wireline services offshore in the Gulf of Mexico.
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