Pioneer Energy Services Corp (NYSE:PES) target price raised to $5.00, issued a report today by Zacks Investment Research
- Updated: October 15, 2016
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 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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