Pioneer Energy Receives a Hold from Scotiabank

By Jason Carr

Scotiabank analyst Bill Sanchez maintained a Hold rating on Pioneer Energy (NYSE: PES) today and set a price target of $7. The company’s shares opened today at $4.

According to TipRanks.com, Sanchez is ranked 0 out of 5 stars with an average return of -9.3% and a 27.3% success rate. Sanchez covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Oil States International.

Pioneer Energy has an analyst consensus of Moderate Buy.

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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. The Production Services segment offers well servicing, wireline, and coiled tubing services. The company was founded in 1968 and is headquartered in San Antonio, TX.