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Pioneer Energy Services Corp (NYSE:PES) target price raised to $5.00, issued a report today by Zacks Investment Research

Pioneer Energy Services Corp (NYSE:PES) had its price target upped to $5.00 by Zacks Investment Research in an issued report issued Thursday October 13, 2016. The upped price target implies a potential upside of 0.12% based on the company's previous stock price.

Previously on 09/30/2016, Seaport Global released a statement about Pioneer Energy Services Corp (NYSE:PES) increased the target price from $0.00 to $5.00. At the time, this indicated a possible upside of 0.22%.

Just yesterday Pioneer Energy Services Corp (NYSE:PES) traded -1.15% lower at $4.45. Pioneer Energy Services Corp’s 50-day moving average is $3.76 and its 200-day moving average is $3.52. The last stock price is up 22.13% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 285,719 shares of PES traded hands, down from an average trading volume of 937,458

Recent Performance Chart

Pioneer Energy Services Corp (NYSE:PES)

Pioneer Energy Services Corp has 52 week low of $0.95 and a 52 week high of $5.05 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $2.14 with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 10 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Pioneer Energy Services Corp (NYSE:PES)

Pioneer Energy Services Corp. provides land-based drilling services and production services to oil and gas exploration, and production companies in the United States and internationally in Colombia. The Company operates through two segments: Drilling Services and Production Services. The Drilling Services Segment provides contract land drilling services to a group of exploration and production companies through its four drilling divisions in the United States, and internationally in Colombia. The Production Services Segment provides a range of services, including well servicing, wireline services and coiled tubing services, to a group of exploration and production companies, with its operations concentrated in the United States onshore oil and gas producing regions in the Mid-Continent and Rocky Mountain states and in the Gulf Coast, both onshore and offshore. The Company also provides coiled tubing and wireline services offshore in the Gulf of Mexico.

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