Pioneer Energy Services (PES) has been under a strong bear grip, hence the stock is down -22.77% 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 6.84% in the past 1 week. The stock has risen by 6.9% in the past week indicating that the buyers are active at lower levels, but the stock is down -21.97% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 4.63% and the 50-Day Moving Average is 15.17%. Pioneer Energy Services (NYSE:PES): stock turned positive on Friday. Though the stock opened at $3.34, the bulls momentum made the stock top out at $3.45 level for the day. The stock recorded a low of $3.28 and closed the trading day at $3.41, in the green by 3.65%. The total traded volume for the day was 836,618. The stock had closed at $3.29 in the previous days trading.
The company Insiders own 6.69% of Pioneer Energy Services shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -27.74% . Institutional Investors own 75.71% of Pioneer Energy Services shares. During last six month period, the net percent change held by insiders has seen a change of -5.33%. Also, Equity Analysts at the Deutsche Bank 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 lowers the price target from $4 per share to $3 per share. The rating by the firm was issued on August 1, 2016.
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.