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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.

Results for PES
$Stocknewsalerts
17 Apr 14 13:31:14
$PES Stock Quote Alert for Pioneer Energy Services
Informer
17 Apr 14 13:22:09
$PES: Strong Buy on Pioneer Energy http://t.co/TyBQaRdjvR
Marius Jackson
17 Apr 14 10:18:00
$PES Can Pioneer Energy Services (PES) http://t.co/OxHyowQacx
MICHAEL FILLOON
17 Apr 14 09:14:37
Deutsche Bank lifts price targets at seven oil services stocks http://t.co/BDz5ueLWXM $OIH, $BAS, $BHI, $EXH, $HAL, $PTEN, $PES, $SLB
GavinGreenberg
17 Apr 14 09:07:36
$PES: Can Pioneer Energy Services (PES) Run Higher on Strong Earnings Estima... http://t.co/2oUUKrlHjs
StockNews24
17 Apr 14 08:59:04
$PES - Can Pioneer Energy Services (PES) Run Higher on Strong Earnings Estima... -> http://t.co/UpTuj9iCk8 #stock #stocks #stockaction
Ernest Partington
17 Apr 14 05:11:09
$PES Can Pioneer Energy Services (PES) Run Higher on Strong Earnings Estimate Revisions? http://t.co/QwX4yH41qA
Cecily Humphrey
17 Apr 14 05:09:08
$PES Can Pioneer Energy Services (PES) http://t.co/kR9dqu2d9c
Braylin McQuillen
17 Apr 14 04:48:11
$PES Can Pioneer Energy Services (PES) http://t.co/vVkPtwdH4I
Ernest Partington
17 Apr 14 03:18:08
$PES SpringOwl's Jason Ader Proposes to Expand Board and Add Four New ... http://t.co/wzH15uOcZZ
Ernest Partington
17 Apr 14 02:59:06
$PES Spectra Energy Partners' CEO Hosts Annual Shareholder Meeting (Transcript) http://t.co/ntuzuby2fF
Ernest Partington
17 Apr 14 02:36:34
$PES Stocks are higher for a third day in a row after more US companies report ... http://t.co/JlWhwekrbC
seekthet
17 Apr 14 02:34:34
RT @StockSignaling: Basic Materials Sector: Upgrades: $BHP $CJES $RDC $EOX $PES $SEMG $NGD $GSS $GDP $PDS $MPO $FTK $VLO $PSX $FET http://t…
James
17 Apr 14 01:31:35
RT @StockSignaling: Basic Materials Sector: Upgrades: $BHP $CJES $RDC $EOX $PES $SEMG $NGD $GSS $GDP $PDS $MPO $FTK $VLO $PSX $FET http://t…
Stock Signaling
17 Apr 14 01:31:21
Basic Materials Sector: Upgrades: $BHP $CJES $RDC $EOX $PES $SEMG $NGD $GSS $GDP $PDS $MPO $FTK $VLO $PSX $FET http://t.co/3gvJLENZtD #nyse
GavinGreenberg
17 Apr 14 00:01:34
$PES: Precision Drilling Corporation (PDS) Jumps: Stock Rises 5.9% http://t.co/8ML0LhiOXr
Ernest Partington
16 Apr 14 23:51:11
$PES Precision Drilling Corporation (PDS) Jumps: Stock Rises 5.9% http://t.co/Vbtx5XZIXJ
Stock Herald
16 Apr 14 23:45:13
$PES: Precision Drilling Corporation (PDS) Jumps: Stock Rises 5.9% http://t.co/ndKeiRRO9Y
Stock Herald
16 Apr 14 23:33:33
$PES: Precision Drilling Corporation (PDS) Jumps: Stock Rises 5.9% http://t.co/2nKcX85VAu
LoveStockNews
16 Apr 14 23:27:05
$PES - Precision Drilling Corporation (PDS) Jumps: Stock Rises 5.9% -> http://t.co/xXWGHili48 #stock #stocks #stockaction
Ernest Partington
16 Apr 14 22:28:08
$PES Real Energy is undervalued; last junior with large Cooper Basin holdings http://t.co/1X5E9atEvE
Tory Hollenberg
16 Apr 14 21:12:05
$PES Real Energy is undervalued; last junior with large Cooper Basin holdings http://t.co/92o3i4qyOy
Jaydan Gelson
16 Apr 14 20:48:52
$PES Balanced View on Petrobras http://t.co/vGG1WkBXrN
Informer
16 Apr 14 16:44:04
$PES: Balanced View on Petrobras http://t.co/eOtbLUhGVR
StockNewsNet
16 Apr 14 16:30:48
$PES - Balanced View on Petrobras -> http://t.co/cJX8yxoCFj #stock #stocks #stockaction
Johann Farmer
16 Apr 14 15:29:18
$PES Why the Earnings Streak http://t.co/SgKe3FKmEI
Tory Hollenberg
16 Apr 14 14:05:05
$PES Commercial Bank partners EIB credit line http://t.co/i8jxEgdgmA
$Stocknewsalerts
16 Apr 14 13:30:48
$PES Stock Quote Alert for Pioneer Energy Services
Tory Hollenberg
16 Apr 14 13:03:34
$PES Pioneer Energy Services Corp Stock Rating Upgraded by Zacks (PES) http://t.co/qbK8sLXF9M
WKRB News
16 Apr 14 12:18:31
Pioneer Energy Services Corp Stock Rating Upgraded by Zacks $PES http://t.co/Chs55OcTsn
Tory Hollenberg
16 Apr 14 11:48:35
$PES Research Analysts' Upgrades for April, 16th (ANZBY, BCC, BHP, BOFI, BRS, BV ... http://t.co/WoARADFzVi
Zolmax News
16 Apr 14 11:28:33
Pioneer Energy Services Corp Given Buy Rating at Deutsche Bank $PES http://t.co/LxTXHjFan8
Media Sentiment
16 Apr 14 10:32:06
$PES received a new alert. Find out why at http://t.co/WHJp8eTsSr #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 268
Analyst Ratings
16 Apr 14 10:31:42
Pioneer Energy Services Corp upgraded by Zacks to outperform. $14.50 PT. http://t.co/rkLSKN66Wa $PES #PES
US Consumer News
16 Apr 14 10:31:38
Pioneer Energy Services Corp upgraded by Zacks to outperform. $14.50 PT. http://t.co/AT0y1DMrEf $PES #PES
Stock Signaling
16 Apr 14 10:31:16
Top Upgrades: $CYOU $ENT $PES $CJES $SCHN $RDC $EOX $UNFI $GPC $CTRL $JCOM $SONC $PDS $CTRX $NMBL http://t.co/3gvJLENZtD #wallstreet #nyse
Informer
16 Apr 14 10:28:05
$PES: Will Schlumberger (SLB) Miss This Earnings Season? http://t.co/CqBFzuczbR
StockNews24
16 Apr 14 09:51:02
$PES - Will Schlumberger (SLB) Miss This Earnings Season? -> http://t.co/mkMNKVKsiA #stock #stocks #stockaction
Tory Hollenberg
16 Apr 14 09:18:35
$PES Will Schlumberger (SLB) Miss This Earnings Season? http://t.co/I0DLnRWbP2
grego
16 Apr 14 07:02:41
RT @hertcapital: $CRK $PES $ATHL A couple of stocks where price has followed RS line higher.
Sheldon McIntyre
16 Apr 14 07:01:17
$CRK $PES $ATHL A couple of stocks where price has followed RS line higher.
Large Void Bot
16 Apr 14 06:39:12
New 52wk Highs: $PES
Tory Hollenberg
16 Apr 14 05:45:07
$PES Will Schlumberger (SLB) Miss This Earnings Season? http://t.co/I0DLnRWbP2
Tory Hollenberg
16 Apr 14 00:45:03
$PES Hottest Energy Stocks Now – BCEI HK PDCE KOS http://t.co/lqTJPkvAeR
Tory Hollenberg
15 Apr 14 23:31:36
$PES Who's suing who? GM (GM) trims ranks and Growlife (PHOT) loses friends http://t.co/z8NN6SPXph
Tory Hollenberg
15 Apr 14 23:20:04
$PES Spectra Energy Partners' Management Hosts Annual Shareholder Meeting ... http://t.co/w0RqywzjiT
Tory Hollenberg
15 Apr 14 22:58:03
$PES Asia Green Corporation's Subsidiary Acquires Agroforestry Company in Vietnam http://t.co/QEf2Rtj9MS
Tory Hollenberg
15 Apr 14 22:36:05
$PES Real Energy is undervalued; last junior with large Cooper Basin holdings http://t.co/2mEMUOWNAO
Daniel64
15 Apr 14 22:10:07
This Energy/Oil Equip & Services small cap is shooting up higher $PES https://t.co/R8Nh5lbwlB (rising volume since early FEB) Up +2.30% 2day
Donte Aldaine
15 Apr 14 20:07:30
$PES Will Noble Corp. (NE) Miss This Earni http://t.co/O8lSFSIvwK
				
				
By  +Follow January 14, 2014 9:55AM
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