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Stock Market & Financial Investment News

News Breaks
February 12, 2014
06:48 EDTPESPioneer Energy upgraded to Buy from Speculative Buy at Global Hunter
Global Hunter upgraded Pioneer Energy due to ongoing improvements in well servicing markets in North America. Price target raised to $11 from $9.
News For PES From The Last 14 Days
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February 19, 2015
09:59 EDTPESOn The Fly: Analyst Downgrade Summary
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08:40 EDTPESPioneer Energy downgraded to Neutral from Accumulate at Global Hunter
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February 17, 2015
06:06 EDTPESPioneer Energy sees Q1 drilling rigs utilization 78%-80%
In Q1, drilling rigs utilization is expected to average 78%-80% based on an average fleet of 46 rigs. Drilling Services Segment margin is expected to be approximately $10,000-$11,000 per day, which includes a benefit from rigs earning but not working. Production Services Segment revenue in Q1 is expected to be down approximately 15%-20% as compared to Q4 due to overall reduction in industry activity. Production Services Segment margin as a percentage of revenues is expected to be down approximately 5%-7% as compared to Q4.
06:05 EDTPESPioneer Energy reports Q4 driling utilization of 89%
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06:02 EDTPESPioneer Energy reports Q4 adjusted EPS 4c, consensus 11c
Reports Q4 revenue $283.1M, consensus $268.32M.

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