Shares of Pioneer Energy Services Corp. (NYSE:PES) were down 0.3% during mid-day trading on Monday . The stock traded as low as $3.41 and last traded at $3.48, with a volume of 224,846 shares changing hands. The stock had previously closed at $3.49.

Several analysts recently issued reports on PES shares. Zacks Investment Research upgraded Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Wednesday, July 6th. Jefferies Group increased their price target 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. Wunderlich increased their price target 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. Piper Jaffray Cos. upgraded Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. Finally, Simmons reiterated a “neutral” rating and issued a $3.00 price target (up from $2.00) on shares of Pioneer Energy Services Corp. in a report on Thursday, May 5th. 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 company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $3.44.

The stock’s market capitalization is $227.38 million. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $3.08.

Pioneer Energy Services Corp. (NYSE:PES) last released its earnings results on Thursday, July 28th. The company reported ($0.31) earnings per share for the quarter, topping the Zacks’ consensus estimate 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 period in the prior year, the firm earned ($0.17) EPS. The firm’s revenue was down 53.9% on a year-over-year basis. 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 completion of the transaction, the director now owns 47,661 shares of the company’s stock, valued at approximately $195,410.10. The transaction was disclosed in a document filed with the SEC, 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. boosted its position in 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 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 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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