logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

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

By  +Follow January 14, 2014 9:55AM
Share:
Tickers Mentioned:

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for PES
$Stocknewsalerts
19 Sep 14 14:01:24
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Van Dinh
19 Sep 14 10:15:53
RT @const1969: take a look at some smaller oil and gas companies for long term since oil drop, some are $HERO, $FET, $BAS, $BHI, $PES
Homegameralert
19 Sep 14 07:15:10
take a look at some smaller oil and gas companies for long term since oil drop, some are $HERO, $FET, $BAS, $BHI, $PES
Peter Bardens
19 Sep 14 06:01:25
$PES Pioneer Energy Services Corp Given Consensus Rating of "Buy" by Analysts ... http://t.co/JZiBct4vJj
Jack Trader
19 Sep 14 06:01:24
$PES GMP Securities Initiates Coverage on Pioneer Energy Services Corp (PES) http://t.co/HMKBNEPdKw
Sleek Money
19 Sep 14 04:09:35
Pioneer Energy Services Corp Now Covered by Analysts at GMP Securities $PES http://t.co/Tm6kuRmF7V
$Stocknewsalerts
18 Sep 14 14:01:12
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
WallStreetConsensus
18 Sep 14 12:23:06
Initiations 9/18: $KEG, $SFTBY, $BAS, $ICD, $RENT, $ACTG, $FSNN, $ALNY, $PES, $RYI, $VNCE, $PTEN http://t.co/mG5PjT1K0S
InterCooler
18 Sep 14 08:33:21
GMP Securities Initiates Coverage on Pioneer Energy Services Corp $PES http://t.co/b5cn14xq5e
Van Dinh
18 Sep 14 07:20:23
RT @Stephens_Inc: Morning Brief: Stephens releases research reports on $MBAS $DWRE $HERO $NXTM $PES $UNFI $WWAV http://t.co/BTpMubiFs0 #SIR…
Bo Bittle
18 Sep 14 06:55:32
RT @Stephens_Inc: Morning Brief: Stephens releases research reports on $MBAS $DWRE $HERO $NXTM $PES $UNFI $WWAV http://t.co/BTpMubiFs0 #SIR…
JoJo Kittell
18 Sep 14 06:29:02
RT @Stephens_Inc: Morning Brief: Stephens releases research reports on $MBAS $DWRE $HERO $NXTM $PES $UNFI $WWAV http://t.co/BTpMubiFs0 #SIR…
Stephens Inc
18 Sep 14 06:25:20
Morning Brief: Stephens releases research reports on $MBAS $DWRE $HERO $NXTM $PES $UNFI $WWAV http://t.co/BTpMubiFs0 #SIResearch
US Banking News
18 Sep 14 05:56:36
Pioneer Energy Services Corp Receives New Coverage from Analysts at GMP Securities $PES http://t.co/PjK7XohDae
US Consumer News
18 Sep 14 05:19:01
Pioneer Energy Services Corp initiated by GMP Securities at buy. $19.00 PT. http://t.co/GXN1vcTCta $PES #PES
Analyst Ratings
18 Sep 14 05:11:12
Pioneer Energy Services Corp initiated by GMP Securities at buy. $19.00 PT. http://t.co/QRAuv8yACo $PES #PES
Thudder & Wicks
17 Sep 14 22:39:56
$BAS Basic Energy Completes Acquisition of Pioneer Fishing and Rental, a Division of $PES Pioneer Energy Services http://t.co/D03RbwqcDK
$Stocknewsalerts
17 Sep 14 14:00:55
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
The Fly
17 Sep 14 13:19:10
$BAS $PES Basic Energy expects PFR acquisition to be immediately accretive to earnings: Full Story http://t.co/TK7hYdcQ5o
VisualStock Resource
17 Sep 14 13:18:00
$PES - Basic Energy Services Completes Acquisition of Pioneer Fishing and Rental, a Division of Pioneer Energy http://t.co/jF5bHhPih3
Bo Bittle
17 Sep 14 10:22:08
RT @Stephens_Inc: Morning Brief: Stephens releases research reports on $MHR $PES $RAX $RHT $RYI $SONC $SSE $SWKS $TUMI $TYL http://t.co/BTp…
Thomas Collins
17 Sep 14 10:01:58
$PES Pioneer Energy Services Corp Director Unloads $32691 in Stock (PES) http://t.co/Uyi6tjQpVn
Stephens Inc
17 Sep 14 06:26:18
Morning Brief: Stephens releases research reports on $MHR $PES $RAX $RHT $RYI $SONC $SSE $SWKS $TUMI $TYL http://t.co/BTpMubiFs0 #SIResearch
Investors Hangout
17 Sep 14 02:03:29
chartguy89: PES 14.61 Stock Charts $PES Pioneer Energy http://t.co/tyKqwTNEaG
Investors Hangout
17 Sep 14 02:03:24
chartguy89: PES 14.61 Stock Charts $PES Pioneer Energy http://t.co/9k3dJPEiCK
$Stocknewsalerts
16 Sep 14 14:01:04
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Jeffrey Blake
16 Sep 14 12:01:59
$PES Pioneer Energy Services Corp Director Unloads $32691 in Stock (PES) http://t.co/1owN8dtsoY
InterCooler
16 Sep 14 08:05:52
Insider Selling: C John Thompson Unloads 3,000 Shares of Pioneer Energy Services Corp Stock $PES http://t.co/79IyVHNFpa
TalkMarkets
16 Sep 14 06:09:10
Sprague Resources Arm To Buy #Utilities #MarketingAssets $CAM $PTEN $PES http://t.co/vnygXJtkSn
$Stocknewsalerts
16 Sep 14 05:10:15
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
4-traders.com
16 Sep 14 05:10:11
PIONEER ENERGY SERVICES : Regulation FD Disclosure (form 8-K) http://t.co/heQzDe9wt5 $PES
BV Basic Materials
16 Sep 14 05:09:05
$PES Pioneer Energy Services Corp files Form 8-K (Events or Changes Between Quarterly Reports) SEC Fil.. http://t.co/MdPXIGugiU
NASDAQ
16 Sep 14 05:08:32
$PES - Current Report Filing (8-k) http://t.co/1dFO8nsxwb
VisualStock Resource
16 Sep 14 05:08:30
$PES - Current Report Filing (8-k) http://t.co/Nnws4LQwbW
$Stocknewsalerts
15 Sep 14 14:00:56
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
Jack Trader
15 Sep 14 11:01:56
$PES Pioneer Energy Services Corp Director C John Thompson Sells 3000 Shares ... http://t.co/mc5ascEiC5
$Stocknewsalerts
12 Sep 14 14:01:31
$PES Stock Quote Alert for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
US Banking News
12 Sep 14 13:38:27
Insider Selling: C John Thompson Unloads 3,000 Shares of Pioneer Energy Services Corp Stock $PES http://t.co/u5mhYwEXgz
Ticker Report
12 Sep 14 13:30:59
Insider Selling: C John Thompson Unloads 3,000 Shares of Pioneer Energy Services Corp Stock $PES http://t.co/PMCh1VyMg7
$Stocknewsalerts
12 Sep 14 11:50:19
$PES New SEC Filing for Pioneer Energy Services (NYSE:PES) From our Stock News Alerts App
VisualStock Resource
12 Sep 14 11:46:57
$PES - Statement of Changes in Beneficial Ownership (4) http://t.co/747RGU1TEi
				
				
By  +Follow January 14, 2014 9:55AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.