The stock of Pioneer Energy Services Corp (NYSE:PES) is a huge mover today! About 157,752 shares traded hands. Pioneer Energy Services Corp (NYSE:PES) has risen 54.93% since April 21, 2016 and is uptrending. It has outperformed by 49.60% the S&P500.
The move comes after 5 months positive chart setup for the $299.04 million company. It was reported on Nov, 23 by Barchart.com. We have $5.03 PT which if reached, will make NYSE:PES worth $20.93M more.
Analysts await Pioneer Energy Services Corp (NYSE:PES) to report earnings on February, 15. They expect $-0.30 EPS, down 20.00% or $0.05 from last year’s $-0.25 per share. After $-0.29 actual EPS reported by Pioneer Energy Services Corp for the previous quarter, Wall Street now forecasts 3.45% negative EPS growth.
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. As per Friday, September 2, the company rating was upgraded by Jefferies. On Wednesday, November 2 the stock rating was upgraded by Raymond James to “Mkt Perform”. DA Davidson initiated the stock with “Buy” rating in Thursday, September 15 report. As per Friday, September 30, the company rating was upgraded by Seaport Global Securities. The firm earned “Sector Perform” rating on Friday, July 31 by Howard Weil. The rating was upgraded by Piper Jaffray to “Overweight” on Wednesday, June 29. Deutsche Bank maintained the shares of PES in a report on Friday, July 31 with “Hold” rating. Simmons & Co upgraded the shares of PES in a report on Wednesday, June 29 to “Overweight” rating. As per Monday, July 18, the company rating was upgraded by Wells Fargo. Jefferies maintained the stock with “Hold” rating in Monday, July 11 report.
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: Prnewswire.com which released: “Pioneer Energy Services Reports Third Quarter 2016 Results” on November 01, 2016, also Fool.com with their article: “Weak Earnings Weigh on Pioneer Energy Services Corp’s Stock” published on July 28, 2016, Prnewswire.com published: “Pioneer Energy Services to Participate in the 2016 Stephens Fall Investment …” on November 03, 2016. More interesting news about Pioneer Energy Services Corp (NYSE:PES) were released by: Prnewswire.com and their article: “Pioneer Energy Services Reports Fourth Quarter 2015 Results” published on February 17, 2016 as well as Prnewswire.com‘s news article titled: “Pioneer Energy Services Announces Third Quarter 2016 Earnings Release and …” with publication date: October 12, 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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