Stock of The Day: Pioneer Energy Services Corp Rises A lot Today, Is Now One of The Best Performer

Stock of The Day: Pioneer Energy Services Corp Rises A lot Today, Is Now One of The Best Performer

The stock of Pioneer Energy Services Corp (NYSE:PES) is a huge mover today! About 770,369 shares traded hands or 37.58% up from the average. Pioneer Energy Services Corp (NYSE:PES) has risen 58.62% since April 27, 2016 and is uptrending. It has outperformed by 53.39% the S&P500.
The move comes after 7 months positive chart setup for the $325.65M company. It was reported on Nov, 30 by Barchart.com. We have $5.40 PT which if reached, will make NYSE:PES worth $29.31 million 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. The stock of Pioneer Energy Services Corp (NYSE:PES) has “Sector Perform” rating given on Friday, July 31 by Howard Weil. The stock of Pioneer Energy Services Corp (NYSE:PES) has “Mkt Perform” rating given on Wednesday, November 2 by Raymond James. The rating was upgraded by Jefferies to “Buy” on Friday, September 2. The firm earned “Market Perform” rating on Tuesday, September 1 by Wells Fargo. The company was upgraded on Monday, July 18 by Wells Fargo. The stock of Pioneer Energy Services Corp (NYSE:PES) has “Overweight” rating given on Wednesday, June 29 by Piper Jaffray. The firm has “Hold” rating by Wunderlich given on Monday, May 2. On Wednesday, June 29 the stock rating was upgraded by Simmons & Co to “Overweight”. Deutsche Bank maintained the stock with “Hold” rating in Friday, July 31 report. Seaport Global Securities upgraded the stock to “Buy” rating in Friday, September 30 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: Fool.com which released: “Weak Earnings Weigh on Pioneer Energy Services Corp’s Stock” on July 28, 2016, also Prnewswire.com with their article: “Pioneer Energy Services Reports Third Quarter 2016 Results” published on November 01, 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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