Pioneer Energy Services (PES) : The consensus on Pioneer Energy Services (PES) based on 9 analyst recommendation on the company stock is 2.89, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Pioneer Energy Services (PES) : The highest short term price target forecast on Pioneer Energy Services (PES) is $4 and the lowest target price is $3. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $3.42 with a standard deviation of $0.49.
Pioneer Energy Services (NYSE:PES): The stock opened at $4.49 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.66 for the day. The stock traded down to $4.35 during the day, due to lack of any buying support eventually closed down at $4.55 with a loss of -0.66% for the day. The stock had closed at $4.58 on the previous day. The total traded volume was 1,038,208 shares.
Also, Equity Analysts at the Brokerage Firm, Piper Jaffray, upgrades their rating on the shares of Pioneer Energy Services (NYSE:PES). Piper Jaffray has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have rallied 2.00% 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 $3.93 and the 200 Day Moving Average price is recorded at $2.51.
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.