Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Pioneer Energy Services (PES) Shares Enter Oversold Territory
Thursday, October 2, 12:15 PM ET, by Market News Video Staff

In trading on Thursday, shares of Pioneer Energy Services Corp (PES) entered into oversold territory, ...

Interesting PES Put And Call Options For June 2015
Tuesday, October 21, 12:34 PM ET, by Market News Video Staff

Investors in Pioneer Energy Services Corp (PES) saw new options begin trading this week, for ...

PES Crosses Critical Technical Indicator
Tuesday, October 28, 4:00 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Pioneer Energy Services Corp (PES) entered into oversold territory, ...

PES Crosses Below Key Price/Book Valuation Level
Friday, October 31, 12:41 PM ET, by Market News Video Staff

In trading on Friday, shares of Pioneer Energy Services Corp (PES) crossed below their last ...

Top Buys by Top Brass: CEO Locke's $110K Bet on PES
Wednesday, December 3, 12:10 PM ET, by Market News Video Staff

A company's own top management tend to have the best inside view into the business, ...

  More articles:  1 2 3 4 5 6 7 next »

Land This Bargain Energy Stock Even Cheaper Than CEO Locke Did

By Energy Stock Channel Staff, Monday, November 12, 4:11 PM ET
Play Video: One Reason For Insiders to Buy

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 6, Pioneer Energy Services Corp's CEO, Stacy Locke, invested $640,536.60 into 100,000 shares of PES, for a cost per share of $6.41. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Monday, bargain hunters could buy shares of Pioneer Energy Services Corp (NYSE:PES) and achieve a cost basis even cheaper than Locke, with shares changing hands as low as $6.39 per share. Pioneer Energy Services Corp shares are currently trading down about 0.8% on the day. The chart below shows the one year performance of PES shares, versus its 200 day moving average:

Pioneer Energy Services Corp Chart

Looking at the chart above, PES's low point in its 52 week range is $6.27 per share, with $12.10 as the 52 week high point that compares with a last trade of $6.39. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/06/2012 Stacy Locke President & CEO 100,000 $6.41 $640,536.60

According to the ETF Finder at ETF Channel, PES makes up 2.34% of the S&P SmallCap Energy Portfolio ETF (NASDAQ:PSCE) which is trading up by about 0.3% on the day Monday.

See what other ETFs contain PES
See what other stocks are held by PSCE

Special Offer: Add income and energy exposure to your portfolio with a 30 day free trial to Frank Bifulco's Oil & Gas Income Portfolio

This Article's Word Cloud:   Bargain   Corp   Energy   Locke   Monday   PSCE   Pioneer   Portfolio   Price   Services   Share   Special   Stacy   Value   about   bargain   below   buying   changing   chart   cost   earned   expect   hunters   insider   last   makes   many   months   only   open   other   point   portfolio   possible   prices   raquo   reason   reasons   share   shares   stock   that   their   trading   week   what   which   with   your

Land This Bargain Energy Stock Even Cheaper Than CEO Locke Did | | Copyright © 2010 - 2016, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.