Worth Watching: Is Buying Stock Like Pioneer Energy Services Corp After Such Increase Winning Strategy?

Worth Watching: Is Buying Stock Like Pioneer Energy Services Corp After Such Increase Winning Strategy?

The stock of Pioneer Energy Services Corp (NYSE:PES) is a huge mover today! About 212,388 shares traded hands. Pioneer Energy Services Corp (NYSE:PES) has risen 63.41% since April 5, 2016 and is uptrending. It has outperformed by 61.46% the S&P500.
The move comes after 7 months positive chart setup for the $253.37 million company. It was reported on Nov, 7 by Barchart.com. We have $8.38 PT which if reached, will make NYSE:PES worth $321.78M more.

Pioneer Energy Services Corp (NYSE:PES) Ratings Coverage

Out of 10 analysts covering Pioneer Energy (NYSE:PES), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Pioneer Energy has been the topic of 19 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Jefferies upgraded the stock to “Buy” rating in Friday, September 2 report. The firm earned “Overweight” rating on Wednesday, June 29 by Piper Jaffray. DA Davidson initiated Pioneer Energy Services Corp (NYSE:PES) on Thursday, September 15 with “Buy” rating. The stock of Pioneer Energy Services Corp (NYSE:PES) has “Overweight” rating given on Wednesday, June 29 by Simmons & Co. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, September 1. Wells Fargo upgraded the stock to “Outperform” rating in Monday, July 18 report. The firm has “Hold” rating by Deutsche Bank given on Friday, July 31. Raymond James upgraded the stock to “Mkt Perform” rating in Wednesday, November 2 report. The rating was maintained by Howard Weil on Friday, July 31 with “Sector Perform”. The stock of Pioneer Energy Services Corp (NYSE:PES) earned “Hold” rating by Jefferies on Monday, July 11.

According to Zacks Investment Research, “Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The company’s Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas.”

More notable recent Pioneer Energy Services Corp (NYSE:PES) news were published by: Bizjournals.com which released: “Third quarter marks two years of losses for Pioneer Energy Services” on November 01, 2016, also Fool.com with their article: “Weak Earnings Weigh on Pioneer Energy Services Corp’s Stock” published on July 28, 2016, Prnewswire.com published: “Pioneer Energy Services Announces Third Quarter 2016 Earnings Release and …” on October 12, 2016. More interesting news about Pioneer Energy Services Corp (NYSE:PES) were released by: Reuters.com and their article: “BRIEF-Pioneer energy services reports third quarter 2016 results” published on November 01, 2016 as well as Prnewswire.com‘s news article titled: “Pioneer Energy Services Reports Fourth Quarter 2015 Results” with publication date: February 17, 2016.

PES Company Profile

Pioneer Energy Services Corp., incorporated on November 14, 1979, provides land drilling services and production services to gas and oil exploration, and production companies in the United States and internationally in Colombia. The Firm operates through two divisions: Drilling Services and Production Services. The Firm also provides coiled tubing and wireline services offshore in the Gulf of Mexico.

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