Pioneer Energy Services (NYSE:PES) : 9 analysts are covering Pioneer Energy Services (NYSE:PES) and their average rating on the stock is 3.11, which is read as a Hold. Pioneer Energy Services (NYSE: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 3, which recommends a Hold 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 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Pioneer Energy Services (NYSE:PES) stock is expected to deviate a maximum of $0.49 from the average target price of $3.42 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $3.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Wunderlich maintains the rating on Pioneer Energy Services (NYSE:PES). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $2 per share to $3 per share. The rating by the firm was issued on May 2, 2016.
Pioneer Energy Services (NYSE:PES): stock turned positive on Tuesday. Though the stock opened at $4.14, the bulls momentum made the stock top out at $4.23 level for the day. The stock recorded a low of $4.01 and closed the trading day at $4.23, in the green by 11.32%. The total traded volume for the day was 913,465. The stock had closed at $3.8 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Thompson C John, director of Pioneer Energy Services Corp, had unloaded 8,995 shares at an average price of $4.15 in a transaction dated on June 6, 2016. The total value of the transaction was worth $37,329.
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.