Pioneer Energy Services (PES) Shares Slide -22.79%

Pioneer Energy Services (PES) : During the past 4 weeks, traders have been relatively bearish on Pioneer Energy Services (PES), hence the stock is down -36.51% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -22.74% relative to the S&P 500. The 4-week change in the price of the stock is -34.38% and the stock has fallen -22.79% in the past 1 week.

The stock has recorded a 20-day Moving Average of 26.35% and the 50-Day Moving Average is 22.15%. Pioneer Energy Services Corp. is up 1.29% in the last 3-month period. Year-to-Date the stock performance stands at 45.16%.


Pioneer Energy Services (NYSE:PES): stock turned positive on Friday. Though the stock opened at $3.12, the bulls momentum made the stock top out at $3.2 level for the day. The stock recorded a low of $2.81 and closed the trading day at $3.15, in the green by 0.96%. The total traded volume for the day was 2,043,744. The stock had closed at $3.12 in the previous days trading.

Also, Brokerage firm Wells Fargo upgrades its rating on Pioneer Energy Services (NYSE:PES). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on July 18, 2016.

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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