Piper Jaffray Thinks Pioneer Energy’s Stock is Going to Recover

By Carrie Williams

Piper Jaffray analyst John Daniel reiterated a Buy rating on Pioneer Energy (NYSE: PES) on July 31 and set a price target of $2.75. The company’s shares opened today at $2.05, 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 -23.2% and a 13.6% 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 $2.75.

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 1.08M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.