Pioneer Energy Services (PES) : 9 analysts are covering Pioneer Energy Services (PES) and their average rating on the stock is 2.89, which is read as a Hold. 1 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. Pioneer Energy Services (PES) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy 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 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Pioneer Energy Services (PES) stock is expected to deviate a maximum of $0.84 from the average target price of $3.79 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $5 and the most muted being $3.
Company shares have received an average consensus rating of Hold for the current week
Pioneer Energy Services (NYSE:PES): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.65 and $4.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.75, notching a gain of 7.47% for the day. The total traded volume was 1,013,086 . The stock had closed at $4.42 on the previous day.
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.