|Bid||0.00 x 3100|
|Ask||3.12 x 21500|
|Day's Range||2.85 - 3.05|
|52 Week Range||1.70 - 6.35|
|Beta (3Y Monthly)||2.95|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Some market components, such as small-capitalization companies, require little coaxing. Whether it’s their potential to produce incredible gains, or the chance to get in early on a burgeoning industry, small-cap stocks present enticing opportunities. While we should all be aware of their highly risky reputation, most investment strategies benefit from their inclusion.
Pioneer Energy Services Corp. cut its outlook for international drilling utilization, citing unexpected unpaid standby time, and lowered its production services revenue and gross margin guidance ranges because of softer-than-anticipated activity. Shares of the land-based drilling services company for oil and gas production companies were still inactive in premarket trade. The company disclosed that it now expects international drilling utilization of 76% to 80%, down from previous guidance of 85% to 87%. Production services revenue guidance is now expected to decline 5% to 7% versus previous expectations of a 3%-to-5% decline and gross margin as a percentage of revenue is now expected to be 21% to 23% compared with previous expectations of 23% to 25%. The stock has tumbled 35% over the past three months, while the SPDR Energy Select Sector ETF has gained 2.8% and the S&P 500 has advanced 7.1%.
Few understand this, but when a company produces a commodity it is actually effectively short that good in the intermediate term. It is the buyers that are really the longs, and thus the pressure is on the producers to put floors under their near-term production levels. There are some pretty ugly hedge books out there, and the oil markets' continuing state of backwardation surprised some players.
Pioneer Energy (PES) delivered earnings and revenue surprises of -90.00% and -0.04%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The San Antonio-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 19 cents per share. The results missed Wall Street expectations. The average ...
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Word that OPEC and Russia could open up the oil spigots a little more in the near future pushed oil prices down sharply, but the oil supply and demand situation is more complex than just that.
Pioneer Energy Services (PES) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
Benchmark prices for U.S. crude oil touched $70 a barrel on May 7 for the first time in four years, while the rising tide pushed the international benchmark, Brent crude, above $75.
The San Antonio-based company said it had a loss of 14 cents per share. Losses, adjusted for non-recurring costs, came to 9 cents per share. The results beat Wall Street expectations. The average estimate ...
The war between oil refiners and Big Corn saw a significant development this week as the EPA granted an exemption to a large and profitable refiner
While small-cap stocks, such as Pioneer Energy Services Corp (NYSE:PES) with its market cap of US$244.81M, are popular for their explosive growth, investors should also be aware of their balanceRead More...