Shares of Pioneer Energy Services Corp. (NYSE:PES) fell 2.9% on Friday . The company traded as low as $3.55 and last traded at $3.65, with a volume of 364,189 shares traded. The stock had previously closed at $3.76.

A number of research firms have recently weighed in on PES. 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 cut Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a research report on Thursday, July 14th. Jefferies Group lifted 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 lifted 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 investment 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 stock presently has an average rating of “Hold” and an average price target of $3.44.

The stock’s market capitalization is $232.56 million. The company has a 50 day moving average price of $3.85 and a 200 day moving average price of $2.94.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.01. The firm had revenue of $62.30 million for the quarter, compared to analyst estimates of $65.75 million. During the same quarter last year, the company earned ($0.17) earnings per share. The firm’s revenue for the quarter was down 53.9% on a year-over-year basis. Equities analysts forecast that Pioneer Energy Services Corp. will post ($1.25) earnings per share for the current year.

In other 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 sale, the director now owns 47,661 shares of the company’s stock, valued at $195,410.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A hedge fund recently raised its stake in Pioneer Energy Services Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Pioneer Energy Services Corp. (NYSE:PES) by 14.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 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.

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