Pioneer Energy Services (PES) Receives Analyst Rating

Pioneer Energy Services (PES) : 8 analysts are covering Pioneer Energy Services (PES) and their average rating on the stock is 2.5, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Pioneer Energy Services (PES) : The highest short term price target forecast on Pioneer Energy Services (PES) is $6 and the lowest target price is $3. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $4.15 with a standard deviation of $1.27.


Also, Equity Analysts at the Brokerage Firm, Jefferies, upgrades their rating on the shares of Pioneer Energy Services (NYSE:PES). Jefferies has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on September 2, 2016.

Pioneer Energy Services (NYSE:PES): After opening at $3.41, the stock dipped to an intraday low of $3.32 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.47 and the buying power remained strong till the end. The stock closed at $3.32 for the day, a gain of 0.91% for the day session. The total traded volume was 763,161. The stocks close on the previous trading day was $3.29.

Pioneer Energy Services Corp. provides drilling services and production services to oil and gas exploration, and production companies throughout onshore oil and gas producing regions of the United States and in Colombia. The Company conducts its operations through two operating segments: Drilling Services Segment and Production Services Segment. The Companys Drilling Services Segment provides contract land drilling services to a group of oil and gas exploration and production companies through its six drilling divisions in the United States and in Colombia. The Companys Production Services Segment provides a range of services to exploration and production companies, including well servicing, wireline services and coiled tubing services. The Company also provides coiled tubing and wireline services offshore in the Gulf of Mexico.

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