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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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December 16, 2014
05:44 EDTPESPioneer Energy downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Pioneer Energy to Hold with a $4 price target following the significant drop in crude oil prices.
December 9, 2014
08:09 EDTPESPioneer Energy cuts FY15 CapEx view to $195M-$215M
Pioneer Energy Services said in slides that will be presented at the 2014 Wells Fargo Energy Symposium that it has reduced its FY15 CapEx view to $195M-$215M given the current market outlook. Also, an additional five drilling rigs are expected to become idle in the next two to three months, primarily vertical rigs in West Texas upon the completion of current contracts. Says quarter-to-date well servicing utilization through November is 93%, quarter-to-date coiled tubing utilization through November is 49%.

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