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

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Wednesday, July 6th. Jefferies Group upped their price objective on shares of Pioneer Energy Services Corp. from $3.50 to $5.00 and gave the company a “hold” rating in a report on Monday. Simmons upgraded shares of Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $3.00 to $5.25 in a report on Wednesday, June 29th. Piper Jaffray Cos. upgraded shares of Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. Finally, Wunderlich upped their price objective on shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $3.56.

The stock has a 50 day moving average price of $4.18 and a 200 day moving average price of $2.59. The stock’s market capitalization is $287.04 million.

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

In other Pioneer Energy Services Corp. news, Director C John Thompson sold 8,995 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $4.10, for a total value of $36,879.50. Following the sale, the director now owns 47,661 shares of the company’s stock, valued at approximately $195,410.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Other large investors have recently made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of 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. Oxford Asset Management boosted its stake 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 valued at $2,581,000 after buying an additional 166,379 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new stake in Pioneer Energy Services Corp. during the fourth quarter valued at approximately $1,330,000.

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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