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