Pioneer Energy Services Corp (PES) is Reiterated by Wunderlich to Hold, Raises Price Target to $ 3

Pioneer Energy Services Corp (PES) was Reiterated by Wunderlich to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 3 from a previous price target of $2 . Wunderlich advised their investors in a research report released on May 2, 2016.

On the company’s financial health, Pioneer Energy Services Corp reported $-0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $-0.33. The company had revenue of $75.00 million for the quarter, compared to analysts expectations of $78.03 million. The company’s revenue was down -61.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Pioneer Energy Services Corp opened for trading at $2.82 and hit $3.09 on the upside on Wednesday, eventually ending the session at $2.9, with a gain of 2.11% or 0.06 points. The heightened volatility saw the trading volume jump to 9,51,855 shares. Company has a market cap of $187 M.

In a different news, on Mar 4, 2016, Dean A Burkhardt (director) purchased 10,000 shares at $2.15 per share price. According to the SEC, on Mar 3, 2016, John M Rauh (director) purchased 1,500 shares at $1.63 per share price. On Feb 23, 2016, Stacy Locke (CEO) purchased 85,000 shares at $1.19 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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.

Pioneer Energy Services Corp

Leave a Reply

Pioneer Energy Services Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Pioneer Energy Services Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.