Pioneer Energy Services (NYSE:PES) has risen sharply, recording gains of 10.19% in the past 4 weeks. However, the stock has corrected -3.13% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.44% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 0.87% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $5.05 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.08 and the 200 Day Moving Average price is recorded at $2.55.
The stock has recorded a 20-day Moving Average of 7.04% and the 50-Day Moving Average is 26.5%.
Pioneer Energy Services (NYSE:PES): stock turned positive on Friday. Though the stock opened at $4.54, the bulls momentum made the stock top out at $4.73 level for the day. The stock recorded a low of $4.48 and closed the trading day at $4.65, in the green by 5.44%. The total traded volume for the day was 812,585. The stock had closed at $4.41 in the previous days trading.
In an insider trading activity,The director of Pioneer Energy Services Corp, Thompson C John sold 8,995 shares at $4.15 on June 6, 2016. The Insider selling transaction had a total value worth of $37,329. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.