Pioneer Energy Services (PES) has been under a strong bear grip, hence the stock is down -33.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.84% in the past 1 week. The stock has risen by 1.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -31.4% in the past 4 weeks.
Pioneer Energy Services (NYSE:PES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.09 and $3.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.19, notching a gain of 1.92% for the day. The total traded volume was 873,094 . The stock had closed at $3.13 on the previous day.
The stock has recorded a 20-day Moving Average of 17.54% and the 50-Day Moving Average is 21.23%. Pioneer Energy Services Corp. is up 3.57% in the last 3-month period. Year-to-Date the stock performance stands at 47%.
Pioneer Energy Services (PES) : Average target price received by Pioneer Energy Services (PES) is $4.38 with an expected standard deviation of $1.24. The most aggressive target on the stock is $6, whereas the most downbeat target is $3. 6 financial analysts are currently covering the stock.
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.