Is It Time To Sell Pioneer Energy Services Corp (PES), Oasis Petroleum Inc. (OAS), And Viggle Inc (VGGL)?

Posted by Lynn Eisler January 29, 2015 0 Comment 1256 views


New York, NY – GDP INSIDER  – 01/29/2015.

Pioneer Energy Services Corp (NYSE:PES) plunged 10.24% to end yesterday’s session in the red at $4.03, after opening the session at $4.41. The stock traded between a session low of $4.00 and a high of $4.46. The day was characterized by a relatively large volume as 1.06 million shares were traded, slightly below the average daily volume of 1.31 million shares.

Yesterday’s closing price put PES 78.10% below its 52-week high and 9.81% above its 52-week low. The stock has an average target price of $6.72, signaling a significant upside potential from the closing price yesterday.

PES reported 290% sequential uptick in EPS in the most recent quarter.

Could PES Continue To Fall Or Will We Find Support In The Near Future? See What Is In The Cards For PES With A Complementary Trend Analysis.

Oasis Petroleum Inc. (NYSE:OAS) dipped 6.69% in yesterday’s session to $12.56 on a day that was characterized by a larger volume than usual. About 10.64 million shares exchanged hands, above the average daily volume of 9.56 million shares. OAS traded in the range of $12.53-$13.39. Shares of the oil and gas company opened the session at $13.28.

OAS managed to recoup some of its losses in afterhours trading as it gained $0.35 to take a final bow at $12.91.At the end of yesterday’s trading, shares of OAS stood 78.38% below their 52-week high and 18.05% above their 52-week low, having drifted 5.42% below the opening price of the day.

OAS currently carries a consensus target price of $20.25, suggesting a decent potential uptick from yesterday’s closing price.

Is OAS Going To Continue To Lose Value Or Will Things Start To Turn Around? Find Out What’s Next For OAS With A Free Trend Analysis Report

Viggle Inc (NASDAQ:VGGL) had nothing to hold it up in yesterday’s trading. The stock plunged 2.04% to $2.40, after opening at $2.43. About 214,735 shares exchanged hands, far below the average daily volume of 556,933 shares. VGGL traded in the range of $2.35 to $2.44 and ended the day with a market cap of $39.80 million.

Yesterday’s closing price put shares of VGGL 95% below their 52-week high and 88.98% above their 52-week low. The average target price on the stock is $12, signaling a decent upside potential from the closing price yesterday.

VGGL recently secured $2 million in a new loan from its CEO to fund working capital needs.

Is VGGL Going To Turn It Around Or Will It Continue To Freefall? See Where VGGL Is Going Next With A Free Trend Analysis

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About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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