Shares of Pioneer Energy Services Corp. (NYSE:PES) fell 7.3% during trading on Monday . The stock traded as low as $4.30 and last traded at $4.31, with a volume of 718,154 shares. The stock had previously closed at $4.65.

Several brokerages have recently commented on PES. Jefferies Group increased their target price on Pioneer Energy Services Corp. from $3.50 to $5.00 and gave the stock a “hold” rating in a report on Monday. Zacks Investment Research upgraded Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Wednesday, July 6th. Simmons upgraded Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and raised their price target for the company from $3.00 to $5.25 in a report on Wednesday, June 29th. Piper Jaffray Cos. upgraded Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. Finally, Wunderlich raised their price target on Pioneer Energy Services Corp. from $2.00 to $3.00 and gave the company a “hold” rating in a report on Monday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $3.56.

The company’s market cap is $285.42 million. The firm’s 50-day moving average is $4.08 and its 200-day moving average is $2.55.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings data on Friday, April 29th. The company reported ($0.30) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. The company earned $75 million during the quarter, compared to analyst estimates of $80.57 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. Pioneer Energy Services Corp.’s revenue was down 61.3% on a year-over-year basis. On average, equities research analysts expect that Pioneer Energy Services Corp. will post ($1.19) EPS for the current fiscal year.

In other news, Director C John Thompson sold 8,995 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $4.10, for a total transaction of $36,879.50. Following the completion of the transaction, the director now owns 47,661 shares of the company’s stock, valued at approximately $195,410.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Other institutional investors have bought and sold shares of the company. Matarin Capital Management LLC acquired a new position in Pioneer Energy Services Corp. during the fourth quarter worth approximately $1,330,000. Oxford Asset Management boosted its position in Pioneer Energy Services Corp. by 15.9% in the fourth quarter. Oxford Asset Management now owns 1,211,949 shares of the company’s stock worth $2,581,000 after buying an additional 166,379 shares during the period. Finally, First Trust Advisors LP boosted its position in Pioneer Energy Services Corp. by 127.9% in the fourth quarter. First Trust Advisors LP now owns 908,911 shares of the company’s stock worth $1,972,000 after buying an additional 510,136 shares during the period.

Pioneer Energy Services Corp. provides land-based drilling services and production services to oil and gas exploration, and production companies in the United States and internationally in Colombia. The Company operates through two segments: Drilling Services and Production Services. The Drilling Services Segment provides contract land drilling services to a group of exploration and production companies through its four drilling divisions in the United States, and internationally in Colombia.

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