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Pioneer Energy Services (PES) Jumps: Stock Rises 6.1%

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Pioneer Energy Services Corp. was a big mover last session, as its shares rose a little over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.55 to $6.70 in the past one-month time frame.

Over the last 30 days, the company witnessed two positive and one negative estimate revision while the Zacks Consensus Estimate also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Pioneer Energy Services currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the oil and gas-drilling space is Parker Drilling Company , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is PES going up? Or down? Predict to see what others think: Up or Down

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