The stock of Pioneer Energy Services Corp (NYSE:PES) is a huge mover today! About 176,464 shares traded hands. Pioneer Energy Services Corp (NYSE:PES) has risen 114.29% since March 9, 2016 and is uptrending. It has outperformed by 106.87% the S&P500.
The move comes after 5 months negative chart setup for the $281.44M company. It was reported on Oct, 12 by Barchart.com. We have $3.89 PT which if reached, will make NYSE:PES worth $28.14M less.
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. On Friday, July 31 the stock rating was maintained by Howard Weil with “Sector Perform”. The firm earned “Hold” rating on Friday, July 31 by Deutsche Bank. The rating was upgraded by Simmons & Co to “Overweight” on Wednesday, June 29. The rating was upgraded by Piper Jaffray on Wednesday, June 29 to “Overweight”. The stock of Pioneer Energy Services Corp (NYSE:PES) earned “Buy” rating by Seaport Global Securities on Friday, September 30. Jefferies maintained Pioneer Energy Services Corp (NYSE:PES) rating on Monday, July 11. Jefferies has “Hold” rating and $5 price target. The firm has “Buy” rating given on Friday, September 2 by Jefferies. The company was initiated on Thursday, September 15 by DA Davidson. Wells Fargo downgraded the shares of PES in a report on Tuesday, September 1 to “Market Perform” rating. The firm has “Outperform” rating given on Monday, July 18 by Wells Fargo.
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 Twst.com published article titled: “Pioneer Energy Services Corp.: Pioneer Energy Services Announces Third Quarter …”, Prnewswire.com published: “Pioneer Energy Services Announces Second Quarter 2016 Earnings Release and …” on July 07, 2016. More interesting news about Pioneer Energy Services Corp (NYSE:PES) was released by: Prnewswire.com and their article: “Pioneer Energy Services Reports Fourth Quarter 2015 Results” with publication date: February 17, 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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