Shares of Pioneer Energy Services Corp. (NYSE:PES) shot up 5.4% during mid-day trading on Wednesday . The stock traded as high as $2.99 and last traded at $2.92, with a volume of 897,111 shares. The stock had previously closed at $2.77.

A number of equities analysts have recently weighed in on PES shares. Jefferies Group upped their target price on Pioneer Energy Services Corp. from $3.50 to $5.00 and gave the company a “hold” rating in a report on Monday, July 11th. Simmons reiterated a “neutral” rating and issued a $3.00 target price (up previously from $2.00) on shares of Pioneer Energy Services Corp. in a report on Thursday, May 5th. Wunderlich upped their target price 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. Wells Fargo & Co. upgraded Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. Finally, Zacks Investment Research downgraded Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.44.

The stock’s market capitalization is $204.06 million. The company’s 50 day moving average is $4.09 and its 200 day moving average is $2.80.

Pioneer Energy Services Corp. (NYSE:PES) last issued its earnings results on Thursday, July 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.01. The company had revenue of $62.30 million for the quarter, compared to the consensus estimate of $65.75 million. During the same quarter last year, the business posted ($0.17) EPS. Pioneer Energy Services Corp.’s quarterly revenue was down 53.9% on a year-over-year basis. Equities analysts expect that Pioneer Energy Services Corp. will post ($1.23) earnings per share for the current year.

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

A hedge fund recently raised its stake in Pioneer Energy Services Corp. stock. First Trust Advisors LP increased its position in Pioneer Energy Services Corp. (NYSE:PES) by 127.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 908,911 shares of the company’s stock after buying an additional 510,136 shares during the period. First Trust Advisors LP owned 1.41% of Pioneer Energy Services Corp. worth $1,972,000 as of its most recent SEC filing.

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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