Pioneer Energy Services (PES) has risen sharply, recording gains of 10.79% in the past 4 weeks. However, the stock has corrected -2.79% 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 11.03% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.43% and the fifty day Moving Average is 10.57%. Pioneer Energy Services Corp. has dropped 0.57% during the last three month period . Year-to-Date the stock performance stands at 60.83%.
Pioneer Energy Services (PES) : The highest level Pioneer Energy Services (PES) is projected to reach is $5 for the short term and the lowest estimate is at $3. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $3.95 and the possibility the share price can swing is $0.94.
Pioneer Energy Services (NYSE:PES): On Fridays trading session , Opening price of the stock was $3.5 with an intraday high of $3.61. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $3.45. However, the stock managed to close at $3.49, a loss of 0.85% for the day. On the previous day, the stock had closed at $3.52. The total traded volume of the day was 536,762 shares.
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.