Shares of Pioneer Energy Services Corp. (NYSE:PES) were up 6.4% during trading on Thursday . The stock traded as high as $3.66 and last traded at $3.66, with a volume of 777,451 shares traded. The stock had previously closed at $3.44.

Several analysts have commented on PES shares. Jefferies Group lifted their price objective on shares of 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. Piper Jaffray Cos. raised shares of Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a research report on Wednesday, June 29th. Zacks Investment Research lowered shares of Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a research report on Thursday, July 14th. Simmons raised shares of 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 report on Wednesday, June 29th. Finally, Wells Fargo & Co. raised shares of Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $3.44.

The firm has a 50 day moving average price of $3.87 and a 200-day moving average price of $2.94. The stock’s market cap is $243.57 million.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating 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. The business’s revenue was down 53.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) EPS. On average, equities research analysts forecast 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 firm’s stock in a transaction dated Tuesday, June 7th. The shares were 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 of the company’s stock, valued at approximately $195,410.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Pioneer Energy Services Corp. stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Pioneer Energy Services Corp. (NYSE:PES) by 14.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 620,075 shares of the company’s stock after buying an additional 76,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.96% of Pioneer Energy Services Corp. worth $1,346,000 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.