Shares of Pioneer Energy Services Corp. (NYSE:PES) fell 0.9% on Monday . The stock traded as low as $4.22 and last traded at $4.33, with a volume of 1,016,505 shares trading hands. The stock had previously closed at $4.37.

Several research firms have weighed in on PES. Wells Fargo & Co. upgraded Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research downgraded Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a research note on Thursday. Jefferies Group boosted their price target on Pioneer Energy Services Corp. from $3.50 to $5.00 and gave the company a “hold” rating in a research note on Monday, July 11th. Simmons upgraded Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $3.00 to $5.25 in a research note on Wednesday, June 29th. Finally, Piper Jaffray Cos. raised Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Pioneer Energy Services Corp. presently has an average rating of “Hold” and a consensus target price of $3.56.

The firm’s market capitalization is $283.48 million. The firm has a 50-day moving average price of $4.28 and a 200-day moving average price of $2.65.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data on Friday, April 29th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.03. The business earned $75 million during the quarter, compared to analyst estimates of $80.57 million. The firm’s revenue for the quarter was down 61.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) EPS. Equities analysts forecast that Pioneer Energy Services Corp. will post ($1.20) earnings per share for the current fiscal year.

In related news, Director C John Thompson sold 8,995 shares of Pioneer Energy Services Corp. 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 completion of the sale, the director now owns 47,661 shares of the company’s stock, valued at approximately $195,410.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

An institutional investor recently bought a new position in Pioneer Energy Services Corp. stock. Matarin Capital Management LLC acquired a new stake in Pioneer Energy Services Corp. (NYSE:PES) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 612,903 shares of the company’s stock, valued at approximately $1,330,000. Matarin Capital Management LLC owned 0.95% of Pioneer Energy Services Corp. as of its most recent filing with the SEC.

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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