Pioneer Energy Services Corp. (NYSE:PES) shares traded down 7.9% on Monday . The company traded as low as $2.81 and last traded at $2.90, with a volume of 930,770 shares trading hands. The stock had previously closed at $3.15.

A number of analysts have commented on PES shares. Simmons raised Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $3.00 to $5.25 in a report on Wednesday, June 29th. Piper Jaffray Cos. raised Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. Zacks Investment Research raised Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a report on Wednesday, July 6th. Wells Fargo & Co. raised Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. Finally, Jefferies Group lifted 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, July 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $3.44.

The stock has a 50-day moving average price of $4.23 and a 200-day moving average price of $2.75. The stock’s market cap is $182.03 million.

Pioneer Energy Services Corp. (NYSE:PES) last posted its earnings results on Thursday, July 28th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.01. The company had revenue of $62.30 million for the quarter, compared to analysts’ expectations of $65.75 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The firm’s quarterly revenue was down 53.9% on a year-over-year basis. Analysts predict that Pioneer Energy Services Corp. will post ($1.22) earnings per share for the current year.

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

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