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Pioneer Energy (NYSE:PES) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.

Goldman Sachs has downgraded Pioneer Energy (NYSE:PES) from Buy to Neutral in a statement released on 10/13/2017.

Boasting a price of $2.20, Pioneer Energy (NYSE:PES) traded -1.14% lower on the day. With the last close down -14.35% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Pioneer Energy has recorded a 50-day average of $2.18 and a two hundred day average of $2.54. Volume of trade was down over the average, with 71,005 shares of PES changing hands under the typical 605,654

Performance Chart

Pioneer Energy (NYSE:PES)

With a total market value of $0, Pioneer Energy has with a one year low of $1.60 and a one year high of $7.20 .

A total of 8 analysts have released a research note on PES. zero brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 10 brokerages rating the stock a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $2.14.

General Company Details For Pioneer Energy (NYSE:PES)

Pioneer Energy Services Corp. provides land-based drilling services and production services to a group of independent oil and gas exploration and production companies in the United States and internationally in Colombia. The Company operates through two segments, which include drilling services segment and production services segment. It also provides two of its services (coiled tubing and wireline services) offshore in the Gulf of Mexico. Its drilling services segment provides contract land drilling services to a group of exploration and production companies through the Company's four drilling divisions in the United States, and internationally in Colombia. Its production services segment provides a range of services to a group of exploration and production companies, with its operations concentrated in the various United States onshore oil and gas producing regions in the Mid-Continent and Rocky Mountain states and in the Gulf Coast.

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