Pioneer Energy Services (PES) Shares are Up 16.76%

Pioneer Energy Services (PES) : Traders are bullish on Pioneer Energy Services (PES) as it has outperformed the S&P 500 by a wide margin of 12.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 16.76% in the last 1 week, and is up 12.22% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 14.81% and the 50-Day Moving Average is 16.35%.The 200 Day SMA reached 41.83%


Pioneer Energy Services (NYSE:PES): After opening at $4.04, the stock dipped to an intraday low of $3.9 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.18 and the buying power remained strong till the end. The stock closed at $4.04 for the day, a gain of 3.86% for the day session. The total traded volume was 1,176,898. The stocks close on the previous trading day was $4.04.

Pioneer Energy Services (PES) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $3. The average forecast of all the analysts is $4.29 and the expected standard deviation is $1.19.

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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