Pioneer Energy Services Corp. (NYSE:PES)’s share price traded up 14.9% during trading on Friday . The stock traded as high as $3.83 and last traded at $3.77, with a volume of 1,202,140 shares changing hands. The stock had previously closed at $3.28.

A number of equities research analysts have recently weighed in on the stock. 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. Simmons raised shares of Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $3.00 to $5.25 in a research report on Wednesday, June 29th. Zacks Investment Research cut shares of Pioneer Energy Services Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 20th. Jefferies Group raised shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $3.28 to $6.00 in a research report on Friday. 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pioneer Energy Services Corp. has a consensus rating of “Hold” and an average price target of $3.56.

The company’s market cap is $233.21 million. The company has a 50-day moving average of $3.54 and a 200-day moving average of $3.10.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.01. During the same quarter last year, the business earned ($0.17) earnings per share. The firm earned $62.30 million during the quarter, compared to analysts’ expectations of $65.75 million. The business’s revenue for the quarter was down 53.9% compared to the same quarter last year. On average, analysts expect that Pioneer Energy Services Corp. will post ($1.24) EPS for the current fiscal year.

In other Pioneer Energy Services Corp. news, Director C John Thompson sold 8,995 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 47,661 shares in the company, valued at approximately $195,410.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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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