Pioneer Energy Services (PES) Stock Price Up 15.7%
Pioneer Energy Services Corp (NYSE:PES)’s share price rose 15.7% during trading on Wednesday . The stock traded as high as $3.08 and last traded at $2.95. Approximately 788,653 shares changed hands during trading, a decline of 23% from the average daily volume of 1,029,463 shares. The stock had previously closed at $2.55.
PES has been the subject of several recent research reports. Jefferies Group restated a “buy” rating and set a $3.00 price target on shares of Pioneer Energy Services in a research report on Friday, November 10th. Seaport Global Securities upgraded shares of Pioneer Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. ValuEngine upgraded shares of Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $4.00.
The company has a market capitalization of $213.73, a PE ratio of -2.20 and a beta of 2.92. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75.
Pioneer Energy Services Company Profile
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.
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