Pioneer Energy Receives a Buy from Piper Jaffray

By Ryan Adsit

In a report issued on August 3, John Daniel from Piper Jaffray reiterated a Buy rating on Pioneer Energy (NYSE: PES), with a price target of $3. The company’s shares closed yesterday at $2.25, close to its 52-week high of $7.20.

According to TipRanks.com, Daniel is ranked 0 out of 5 stars with an average return of -22.5% and a 13.1% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Oil States International, and Mammoth Energy Services.

Pioneer Energy has an analyst consensus of Moderate Buy, with a price target consensus of $3.

The company has a one year high of $7.20 and a one year low of $1.70. Currently, Pioneer Energy has an average volume of 1.03M.

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Pioneer Energy Services Corp. engages in the provision of contract land drilling and production services. It operates through the Drilling Services and Production Services segments. The Drilling Services segment offers contract land drilling services to exploration production companies through drilling divisions in the U.S. and Colombia.