Pioneer Energy Services Corp. (NYSE:PES)’s share price traded down 4.6% on Wednesday . The stock traded as low as $3.21 and last traded at $3.30, with a volume of 537,233 shares trading hands. The stock had previously closed at $3.46.

Several equities analysts have commented on the company. Jefferies Group increased their price target 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 restated a “neutral” rating and issued a $3.00 price objective (up previously from $2.00) on shares of Pioneer Energy Services Corp. in a research note on Thursday, May 5th. Wunderlich raised their price objective on shares of Pioneer Energy Services Corp. from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Monday, May 2nd. Wells Fargo & Co. upgraded shares of Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 18th. Finally, Zacks Investment Research downgraded shares of Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a research note on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, six have issued 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 $3.44.

The firm’s market cap is $214.42 million. The firm has a 50 day moving average price of $4.03 and a 200-day moving average price of $2.86.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.31) earnings per share (EPS) 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 the consensus estimate of $65.75 million. The company’s revenue for the quarter was down 53.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS. Analysts forecast that Pioneer Energy Services Corp. will post ($1.25) EPS for the current fiscal year.

In other news, Director C John Thompson sold 8,995 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 47,661 shares in the company, valued at approximately $195,410.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 approximately 1.41% of Pioneer Energy Services Corp. worth $1,972,000 at the end of the most recent quarter.

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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