The stock of Pioneer Energy Services Corp (NYSE:PES) is a huge mover today! About 503,591 shares traded hands. Pioneer Energy Services Corp (NYSE:PES) has risen 52.34% since April 13, 2016 and is uptrending. It has outperformed by 48.42% the S&P500.
The move comes after 6 months positive chart setup for the $273.05M company. It was reported on Nov, 15 by Barchart.com. We have $5.82 PT which if reached, will make NYSE:PES worth $101.03M more.
Pioneer Energy Services Corp (NYSE:PES) Ratings Coverage
Out of 10 analysts covering Pioneer Energy (NYSE:PES), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Pioneer Energy has been the topic of 19 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Howard Weil maintained Pioneer Energy Services Corp (NYSE:PES) rating on Friday, July 31. Howard Weil has “Sector Perform” rating and $4.50 price target. Simmons & Co upgraded the shares of PES in a report on Wednesday, June 29 to “Overweight” rating. The firm earned “Outperform” rating on Monday, July 18 by Wells Fargo. The firm has “Market Perform” rating given on Tuesday, September 1 by Wells Fargo. Deutsche Bank maintained the stock with “Hold” rating in Friday, July 31 report. The firm has “Mkt Perform” rating given on Wednesday, November 2 by Raymond James. The stock has “Hold” rating given by Wunderlich on Monday, May 2. Seaport Global Securities upgraded Pioneer Energy Services Corp (NYSE:PES) on Friday, September 30 to “Buy” rating. DA Davidson initiated the stock with “Buy” rating in Thursday, September 15 report. The rating was upgraded by Jefferies on Friday, September 2 to “Buy”.
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 notable recent Pioneer Energy Services Corp (NYSE:PES) news were published by: Bizjournals.com which released: “Third quarter marks two years of losses for Pioneer Energy Services” on November 01, 2016, also Prnewswire.com with their article: “Pioneer Energy Services to Participate in the 2016 Stephens Fall Investment …” published on November 03, 2016, Fool.com published: “Weak Earnings Weigh on Pioneer Energy Services Corp’s Stock” on July 28, 2016. More interesting news about Pioneer Energy Services Corp (NYSE:PES) were released by: Prnewswire.com and their article: “Pioneer Energy Services Announces Third Quarter 2016 Earnings Release and …” published on October 12, 2016 as well as Prnewswire.com‘s news article titled: “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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