Pioneer Energy Services Corp (PES): C John Thompson , director of Pioneer Energy Services Corp sold 4,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $2.92 per share for a total value of $11,700.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 4, 2016, Dean A Burkhardt (director) purchased 10,000 shares at $2.15 per share price.On Mar 3, 2016, John M Rauh (director) purchased 1,500 shares at $1.63 per share price.Also, On Feb 23, 2016, Stacy Locke (CEO) purchased 85,000 shares at $1.19 per share price.On Jun 8, 2015, C John Thompson (director) sold 2,000 shares at $7.15 per share price.
Pioneer Energy Services Corp: On Friday, May 20, 2016 heightened volatility was witnessed in Pioneer Energy Services Corp which led to swings in the share price. The shares opened for trading at $2.8 and hit $2.89 on the upside , eventually ending the session at $2.89, with a gain of 4.71% or 0.13 points. The heightened volatility saw the trading volume jump to 5,91,428 shares. The 52-week high of the share price is $7.84 and the company has a market cap of $187 M . The 52-week low of the share price is at $0.9503.
Company has been under the radar of several Street Analysts.Pioneer Energy Services Corp is Reiterated by Wunderlich to Hold and the brokerage firm has raised the Price Target to $ 3 from a previous price target of $2 .The Rating was issued on May 2, 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.