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Stock Market & Financial Investment News

News Breaks
April 30, 2014
06:30 EDTPESPioneer 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
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September 17, 2014
16:19 EDTPESBasic Energy expects PFR acquisition to be immediately accretive to earnings
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September 16, 2014
08:15 EDTPESPioneer says there are accretive growth opportunities in four service lines
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07:42 EDTPESDeutsche Bank to hold a conference
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September 3, 2014
08:51 EDTPESPioneer 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.

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