Pioneer Energy Services Corp. (NYSE:PES)’s share price traded up 3.3% during trading on Friday . The stock traded as high as $3.45 and last traded at $3.40, with a volume of 648,710 shares. The stock had previously closed at $3.29.

Several equities analysts recently commented on the company. Wells Fargo & Co. raised Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 18th. Zacks Investment Research lowered Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a research report on Thursday, July 14th. Jefferies Group boosted their price target on Pioneer Energy Services Corp. from $3.50 to $5.00 and gave the stock a “hold” rating in a research report on Monday, July 11th. Simmons raised Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $3.00 to $5.25 in a research report on Wednesday, June 29th. Finally, Piper Jaffray Cos. raised Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $3.44.

The firm’s 50 day moving average price is $3.93 and its 200 day moving average price is $2.88. The stock’s market capitalization is $220.90 million.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.01. During the same quarter last year, the company posted ($0.17) EPS. The company had revenue of $62.30 million for the quarter, compared to the consensus estimate of $65.75 million. The business’s revenue was down 53.9% compared to the same quarter last year. Analysts predict that Pioneer Energy Services Corp. will post ($1.25) earnings per share for the current fiscal year.

In other news, Director C John Thompson sold 8,995 shares of the company’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 completion of the sale, the director now owns 47,661 shares in the company, valued at approximately $195,410.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Pioneer Energy Services Corp. stock. First Trust Advisors LP raised its stake in shares of Pioneer Energy Services Corp. (NYSE:PES) by 127.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 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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