Pioneer Energy Services Corp. (NYSE:PES) shares dropped 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 changing hands. The stock had previously closed at $3.76.

PES has been the topic of a number of research analyst reports. Wunderlich lifted their target price on Pioneer Energy Services Corp. from $2.00 to $3.00 and gave the company a “hold” rating in a report on Monday, May 2nd. Simmons reiterated a “neutral” rating and issued a $3.00 target price (up previously from $2.00) on shares of Pioneer Energy Services Corp. in a report on Thursday, May 5th. Piper Jaffray Cos. upgraded Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. Zacks Investment Research upgraded Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Wednesday, July 6th. Finally, Jefferies Group lifted their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3.44.

The company’s market cap is $232.56 million. The company’s 50-day moving average is $3.82 and its 200-day moving average is $2.96.

Pioneer Energy Services Corp. (NYSE:PES) last announced its earnings results on Thursday, July 28th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.01. During the same period last year, the firm earned ($0.17) earnings per share. The firm had revenue of $62.30 million for the quarter, compared to analyst estimates of $65.75 million. Pioneer Energy Services Corp.’s revenue for the quarter was down 53.9% compared to the same quarter last year. On average, equities research analysts anticipate that Pioneer Energy Services Corp. will post ($1.25) EPS for the current fiscal year.

In other Pioneer Energy Services Corp. news, Director C John Thompson sold 8,995 shares of the business’s stock in a transaction on 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 directly owns 47,661 shares of the company’s stock, valued at approximately $195,410.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

A hedge fund recently raised its stake in Pioneer Energy Services Corp. stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 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. 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 about 0.96% of Pioneer Energy Services Corp. worth $1,346,000 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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