Pioneer Energy Services Corp. (PES) Reaches $4.00 After 5.00% Up Move; Cathedral Energy Services Ltd. (TSE:CET) Covered By 1 Bulls

January 15, 2018 - By Vivian Park

The stock of Pioneer Energy Services Corp. (NYSE:PES) is a huge mover today! The stock increased 6.67% or $0.25 during the last trading session, reaching $4. About 913,833 shares traded or 16.87% up from the average. Pioneer Energy Services Corp. (NYSE:PES) has risen 5.07% since January 15, 2017 and is uptrending. It has underperformed by 11.63% the S&P500.The move comes after 5 months positive chart setup for the $308.90 million company. It was reported on Jan, 15 by Barchart.com. We have $4.20 PT which if reached, will make NYSE:PES worth $15.44M more.

Among 3 analysts covering Cathedral Energy Services (TSE:CET), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Cathedral Energy Services had 6 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Sector Underperform” rating given on Friday, October 9 by Scotia Capital. The stock of Cathedral Energy Services Ltd. (TSE:CET) earned “Underperform” rating by Altacorp on Wednesday, October 14. See Cathedral Energy Services Ltd. (TSE:CET) latest ratings:

Pioneer Energy Services Corp. provides land drilling and production services to gas and oil exploration and production companies in the United States and Colombia. The company has market cap of $308.90 million. The companyÂ’s Drilling Services segment offers contract land drilling services in Texas, North Dakota, Appalachia, and Colombia. It currently has negative earnings. As of December 31, 2016, this segment operated a fleet of 16 AC rigs in the United States and 8 SCR rigs in Colombia.

Analysts await Pioneer Energy Services Corp. (NYSE:PES) to report earnings on February, 16. They expect $-0.11 earnings per share, up 67.65% or $0.23 from last year’s $-0.34 per share. After $-0.15 actual earnings per share reported by Pioneer Energy Services Corp. for the previous quarter, Wall Street now forecasts -26.67% EPS growth.

Among 14 analysts covering Pioneer Energy (NYSE:PES), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Pioneer Energy has $7 highest and $1.50 lowest target. $3.50’s average target is -12.50% below currents $4 stock price. Pioneer Energy had 31 analyst reports since July 31, 2015 according to SRatingsIntel. Seaport Global Securities upgraded the shares of PES in report on Friday, September 30 to “Buy” rating. On Friday, July 31 the stock rating was maintained by Howard Weil with “Sector Perform”. The rating was upgraded by Wells Fargo to “Outperform” on Monday, July 18. Seaport Global upgraded Pioneer Energy Services Corp. (NYSE:PES) on Wednesday, December 20 to “Buy” rating. Wells Fargo downgraded the shares of PES in report on Monday, October 16 to “Hold” rating. Piper Jaffray maintained Pioneer Energy Services Corp. (NYSE:PES) on Sunday, September 17 with “Buy” rating. Goldman Sachs downgraded Pioneer Energy Services Corp. (NYSE:PES) on Friday, October 13 to “Neutral” rating. The rating was upgraded by Wunderlich to “Buy” on Monday, December 12. Piper Jaffray upgraded the shares of PES in report on Wednesday, June 29 to “Overweight” rating. The stock has “Hold” rating by Scotia Capital on Thursday, March 23.

Cathedral Energy Services Ltd. provides directional drilling services to oil and natural gas exploration and development entities in western Canada and the United States. The company has market cap of $85.60 million. It offers horizontal, directional, and underbalanced drilling services; and services through measurement while drilling systems, which are installed in the drill string to provide real time measurements of basic trajectory parameters, such as inclination, direction, tool-face, and temperature. It currently has negative earnings. The firm also provides displacement drilling mud motors to drill without drill string rotation converting hydraulic energy into mechanical energy; drilling jars; and shock subs.

The stock increased 0.57% or $0.01 during the last trading session, reaching $1.75. About 31,596 shares traded. Cathedral Energy Services Ltd. (TSE:CET) has 0.00% since January 15, 2017 and is . It has underperformed by 16.70% the S&P500.

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