Pioneer Energy (PES) Receives a Hold from Wells Fargo


In a report released today, Judson Bailey from Wells Fargo maintained a Hold rating on Pioneer Energy (PES). The company’s shares opened today at $2.21, close to its 52-week low of $2.01.

According to TipRanks.com, Bailey is a 1-star analyst with an average return of -3.6% and a 29.0% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Baker Hughes a GE company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pioneer Energy with a $3.42 average price target.

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The company has a one-year high of $6.35 and a one-year low of $2.01. Currently, Pioneer Energy has an average volume of 554.2K.

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Pioneer Energy Services Corp. engages in the provision of land-based drilling services and production services to oil and gas exploration and production companies. It operates through the Drilling Services and Production Services segments.

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