Pioneer Energy upgraded to Buy from Hold at Wunderlich Wunderlich upgraded Pioneer Energy to Buy citing improving utilization and capacity following the company's Q1 results. The firm raised its price target for shares to $18 from $11.
News For PES From The Last 14 Days
Check below for free stories on PES the last two weeks.
Pioneer says all 4 core service lines have accretive growth opportunities In terms of its estimated FY15 delivery dates, the company says that it expects two rigs in Q2, two rigs in Q3 and one rig in Q4. Says adding nine well servicing rigs, six wireline units and four coiled tubing units in FY14. Says adding 16 well servicing rigs and eight wireline units in FY15. Says executed five new build drilling rig contracts for delivery in FY15. Comments taken from slides from the company's Barclays CEO-Energy Conference presentation.