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Pioneer Energy (PES) and Basic Energy (BAS) Rally on Rising NatGas Prices

By  +Follow January 14, 2014 9:55AM
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Natural gas futures extended their rally into Tuesday, with contracts for February delivery trading another 2 percent higher on expectations of lower stockpiles and, perhaps more significantly, forecasts that see the US’s unusually arctic winter staying put for the time being.

The NatGas rally translated into gains for a number of oil & gas stocks as well, including those of several companies listed on Equities.com Small-Cap Stars index. The most notable of these were the $605 million oil & gas services firm Basic Energy Services (BAS) , and the $504 million drilling & exploration outfit Pioneer Energy Services Corp. (PES) , both of which closed substantially higher on above-average volume.

Pioneer Energy Services (PES)

The San Antonio, Texas-based Pioneer provides support to major and independent drilling, exploration, and production companies in the US, and its roster of over 60 drill rigs operate in some of the most plentiful shale acreage in the US, including the Northeastern Appalachian Basin as well as in North Dakota and throughout Texas. Furthermore, on Jan 8, Pioneer announced the renewal of a contract to operate 8 of Colombian giant Ecopetrol SA’s (EC) domestic wells. The rise in natural gas prices in recent days has sent shares up over 6 percent on the week, hitting an intraday high of $8.50 a piece on Tuesday’s gains of over 3 percent.

Basic Energy Services (BAS)

Basic Energy, for its part, provides well-site services to US oil and gas producers, and also boasts of considerable expertise in unconventional reserves including, of course, shale oil & gas. BAS operates in the much of the same acreage as Pioneer, but has a substantially larger presence in both the Haynesville and Fayetteville plays in Louisiana and Arkansas.

Basic Energy’s gains on the day are not only tied to natural gas prices, however, as it released select operating data from December 2013. CEO Roe Patterson highlighted the company’s resilience in the face of harsh winter, saying "Despite the adverse winter weather impact throughout most of our footprint in early December, activity levels in all of our business segments were very consistent with what we experienced in November. Some customers attempted to catch up from the delays they experienced earlier in December, creating an uptick in activity through the year-end holiday period."

Furthermore, the company claimed that revenue shortfalls for the prior year would not be as significant as had previously expected. Shares for BAS were up nearly 8 percent ahead of the close, to an intra-day high of $16.14 per share.

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Results for PES
Stocks News&Markets
31 Mar 15 14:16:06
$PES - Why Pioneer Energy Services Corp.'s Shares Popped 12% Today http://t.co/RIyiBwY9ts
Maggie Smith
31 Mar 15 14:16:06
$PES - Why Pioneer Energy Services Corp.'s Shares Popped 12% Today http://t.co/RaZxViryrZ
$Stocknewsalerts
31 Mar 15 14:02:32
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Clark Joseph Kent
31 Mar 15 13:54:55
% Gainers $GBSN $HKTV $CCIH $DHRM $OFIX $DANG $CRMD $RADA $CBM $MOV $VISI $PES $ALIM $CNDO $PQ $FWM $CBPX $ADXS $CNIT http://t.co/DB9vlqGj8L
12Stocks.com
31 Mar 15 13:01:43
Smallcap #Stocks Performance $OFIX $CBM $RIGL $MOV $PES $CONN $RVNC $CBPX $VNCE $AFAM $ONVO $RCPT $IMGN more@ http://t.co/Giravo3fg9
Greg David
31 Mar 15 12:18:16
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $THNS $SZYM $APP $EXTR $PPP $CTIC $PES
Shiraz Lakhi
31 Mar 15 12:12:59
Biggest 4 week %DECLINERS In ENERGY #stocks trading UP > 3% today: $HELI $PQ $ANR $XCO $PES ++ (click "View") http://t.co/IdrFYkU03u
Bilo Selhi
31 Mar 15 11:35:43
Interested in momentum stocks about to run? SUBSCRIBE: http://t.co/uAcamNRUPt http://t.co/AzWPki9jeI $RADA $GENE $CAPN $PES $IMGN
Alexander Morris
31 Mar 15 11:19:03
$PES: 1mRunaway+:4 [+10%,.5%offHi], 16:5Accel+, tf:0111111; TLM:1.1, goPop+[+7.3%], DyVol:1.38M:1.8x:0.8x, DyRng:9.3%:2.6x:1.6x,
Bilo Selhi
31 Mar 15 10:48:45
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100pctGAINS
31 Mar 15 10:19:54
RT @HaroldTrader: @XCHOPPER1 I bought $SPCB today. I like their financials and the 2015 outlook. $Hktv $plpm $ecigd $baba $nymx $imgn $aap…
iRobot Stocks
31 Mar 15 10:09:49
RT @HaroldTrader: @XCHOPPER1 I bought $SPCB today. I like their financials and the 2015 outlook. $Hktv $plpm $ecigd $baba $nymx $imgn $aap…
Bilo Selhi
31 Mar 15 10:02:03
See the latest stock #PROFITS that members are making http://t.co/mmLY3mYytj. Join today! $RADA $GENE $CAPN $PES $IMGN $DANG
HaroldTrader
31 Mar 15 09:59:20
@XCHOPPER1 I bought $SPCB today. I like their financials and the 2015 outlook. $Hktv $plpm $ecigd $baba $nymx $imgn $aapl $bcrx $rigl $pes
Alexander Morris
31 Mar 15 09:11:03
$PES: 1mRunaway+:2 [+9%,.2%offHi], 0NearHi, 11:6Accel+, tf:0111111; TLM:2.4, goPop+[+7.3%], DyVol:833T:1.1x:0.5x, DyRng:7.8%:2.1x:1.3x,
Bilo Selhi
31 Mar 15 09:03:39
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Bilo Selhi
31 Mar 15 08:16:57
Bilo Selhi Stock Alert members are having phenomenal success http://t.co/mmLY3mYytj $RADA $GENE $CAPN $PES $IMGN
Shiraz Lakhi
31 Mar 15 08:14:01
Biggest 4 week %Decliners in ENERGY #stocks, trading UP OVER 3% today: $PQ $PES $FISH $DKL $ALJ ++ (click "View") http://t.co/9GHpkQNMiV
nano tech stocks
31 Mar 15 07:30:22
RT @stockstobuy: Top #Stocks Today - $GBSN $HKTV $SMTX $CNDO $MOV $SORL $NYMX $DANG $RADA $GENE $IMGN $MTSL $CAPN $PES $RIGL $CHTR http://…
Alexander Morris
31 Mar 15 07:27:01
$PES: 3mRunaway+:2 [+8%,.7%offHi], 8:4Accel+, tf:0111111; TLM:1.2, goPop+[+7.3%], DyVol:451T:0.6x:0.3x, DyRng:7.8%:2.1x:1.3x,
Wealthygrll
31 Mar 15 07:24:29
RT @stockstobuy: Top #Stocks Today - $GBSN $HKTV $SMTX $CNDO $MOV $SORL $NYMX $DANG $RADA $GENE $IMGN $MTSL $CAPN $PES $RIGL $CHTR http://…
Stocks to Buy
31 Mar 15 07:23:21
Top #Stocks Today - $GBSN $HKTV $SMTX $CNDO $MOV $SORL $NYMX $DANG $RADA $GENE $IMGN $MTSL $CAPN $PES $RIGL $CHTR http://t.co/AG9pGrOJqA
ProTradersNews
31 Mar 15 07:00:04
$PES: Pioneer Energy Services Corp Upgraded to Outperform at Wells ...: http://t.co/70e4j8dp9B
$IACI
31 Mar 15 06:47:30
Up/Downgrades $BRCD $DB $HZNP $IACI $NBR $NOV $PTEN $PES $PNM $PCLN $RS $RMP $SKUL $TEVA $VA $WPT $AUY $ZAGG $ZBRA… http://t.co/YYSjpvieue
Clark Joseph Kent
31 Mar 15 06:37:37
Up/Downgrades $BRCD $DB $HZNP $IACI $NBR $NOV $PTEN $PES $PNM $PCLN $RS $RMP $SKUL $TEVA $VA $WPT $AUY $ZAGG $ZBRA http://t.co/cC4rbDM0Qr
Stock Market Picks
31 Mar 15 05:52:56
$PES $NBR $PTEN upgraded by Wells Fargo from Market Perform to Outperform. http://t.co/yipJpHSzxe $SPY $DIA $QQQ #stocks #pennystock #penny
US Banking News
31 Mar 15 05:14:17
Pioneer Energy Services Corp Upgraded to “Outperform” by Wells Fargo & Co. $PES http://t.co/JDW8e61Zy9
Oil Stock Trader
31 Mar 15 05:14:08
Wells Fargo upgrading drillers $PTEN $NBR $PES today. Didn't see one for $HP. And they put a downgrade on $SLB. Interesting.
Ticker Report
31 Mar 15 04:56:16
Pioneer Energy Services Corp Upgraded to “Outperform” by Wells Fargo & Co. $PES http://t.co/MW87XYhYw8
Sleek Money
31 Mar 15 04:49:49
Pioneer Energy Services Corp Upgraded at Wells Fargo & Co. $PES http://t.co/XYLuZQR2gi
Media Sentiment
31 Mar 15 04:35:47
$PES received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 75
Media Sentiment
31 Mar 15 04:35:12
$PES received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 66
SIAnalystWire
31 Mar 15 04:34:53
Wells Fargo Upgrades Pioneer Energy Services Corp $PES to Outperform http://t.co/95rWrXPeZA
US Consumer News
31 Mar 15 04:31:45
Pioneer Energy Services Corp upgraded by Wells Fargo & Co. to outperform. http://t.co/UX1SV1dLBa $PES #PES
Analyst Ratings
31 Mar 15 04:30:41
Pioneer Energy Services Corp upgraded by Wells Fargo & Co. to outperform. http://t.co/uR46iAjH2J $PES #PES
$Stocknewsalerts
30 Mar 15 14:00:48
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Greg David
30 Mar 15 13:31:29
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $THNS $SZYM $APP $EXTR $PPP $CTIC $PES
dailystockplays.com
30 Mar 15 13:20:23
Below Ichimoku http://t.co/nTChsAOEdX $IYE $XLE $DNR $SLV $TBT $ZQK $FOX $DVN $SBS $XLB $SID $VDE $KOS $MFC $DTV $BWP $URI $NNN $SLF $PES
US_proptrader
30 Mar 15 11:52:38
$BIOC $CJES $IDRA $LBIO $NOG $PES $RCPT $REXX $SDRL autocharts @ http://t.co/cLiki3R0GR
Penny Stock Secret
30 Mar 15 09:59:34
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/NovWYe2RAx .. $PER $PES $PF
Chayton Falke
30 Mar 15 07:40:08
#Russell2000 #recent #market #exit #8: Sold $PES long for a 12.71% #gain in 7 days. #PES #forex #trading #stocks
Chayton Falke
29 Mar 15 21:40:12
#Russell2000 #recent #market #exit #8: Sold $PES long for a 12.71% #gain in 7 days. #PES #forex #trading #stocks
Greg David
29 Mar 15 13:58:33
http://t.co/RMvVXnJDpv does trade alerts differently than anyone else. Its super cool. $THNS $SZYM $APP $EXTR $PPP $CTIC $PES
Chayton Falke
29 Mar 15 11:40:06
#Russell2000 #recent #market #exit #8: Sold $PES long for a 12.71% #gain in 7 days. #PES #forex #trading #stocks
The Legacy News
29 Mar 15 05:42:06
Pioneer Energy Services Corp Downgraded by Deutsche Bank $PES http://t.co/yX42cXPMR2
ProVesting
29 Mar 15 05:35:03
$PES: Pioneer Energy Services Corp Downgraded by Deutsche Bank (PES): http://t.co/SlblG4pcKh
4-traders.com
29 Mar 15 02:12:36
#Pioneer Energy Services : PES) Drops 8.08% on March 27 http://t.co/OBydQg1MRq $PES
Chayton Falke
29 Mar 15 01:40:09
#Russell2000 #recent #market #exit #8: Sold $PES long for a 12.71% #gain in 7 days. #PES #forex #trading #stocks
MICHAEL FILLOON
28 Mar 15 20:18:09
Pioneer Energy Services Corp downgraded by Deutsche Bank to hold. $5.00 PT. http://t.co/vEMnhbDMiF $PES #PES via @RatingsNetwork
Dakota Financial
28 Mar 15 19:34:00
Pioneer Energy Services Corp Stock Rating Lowered by Deutsche Bank $PES http://t.co/TZppdWHgup
				
				
By  +Follow January 14, 2014 9:55AM
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