Shares of Pioneer Energy Services Corp. (NYSE:PES) traded 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 trading hands. The stock had previously closed at $3.44.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Pioneer Energy Services Corp. from a “hold” rating to a “sell” rating in a research note on Saturday. 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. Jefferies Group raised their price objective on shares of Pioneer Energy Services Corp. from $3.50 to $5.00 and gave the company a “hold” rating in a research note on Monday, July 11th. Simmons upgraded shares of Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $3.00 to $5.25 in a research note on Wednesday, June 29th. Finally, Piper Jaffray Cos. upgraded shares of 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 assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.44.

The stock’s market capitalization is $232.56 million. The firm’s 50-day moving average price is $3.82 and its 200-day moving average price is $2.96.

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 the consensus estimate of ($0.32) by $0.01. The firm had revenue of $62.30 million for the quarter, compared to the consensus estimate of $65.75 million. During the same quarter in the prior year, the company posted ($0.17) EPS. The firm’s revenue was down 53.9% on a year-over-year basis. On average, equities research analysts forecast that Pioneer Energy Services Corp. will post ($1.25) EPS for the current 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 shares were sold at an average price of $4.10, for a total transaction of $36,879.50. Following the completion of the transaction, the director now owns 47,661 shares in the company, valued at $195,410.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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