Pioneer Energy Services (PES +14%) shares are surging after the provider of contract land drilling services reported better-than-expected Q4 earnings and upside near-term guidance. Q4 drilling services revenue totaled $129.9M, up 3% Q/Q and 9% Y/Y. Estimates 2013 capex of $140M-$160M vs. full-year 2012 capex of $364M.
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