Pioneer Energy Services Corp. (NYSE:PES) shares traded up 4% during trading on Monday . The stock traded as high as $3.46 and last traded at $3.41, with a volume of 538,212 shares trading hands. The stock had previously closed at $3.28.

Several research analysts have commented on the stock. DA Davidson assumed coverage on shares of Pioneer Energy Services Corp. in a research report on Thursday, September 15th. They set a “buy” rating and a $5.00 price objective for the company. Zacks Investment Research upgraded shares of Pioneer Energy Services Corp. from a “sell” rating to a “hold” rating in a report on Saturday, September 3rd. Wells Fargo & Co. upgraded shares of Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. Simmons upgraded shares of Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $3.00 to $5.25 in a report on Wednesday, June 29th. Finally, Jefferies Group upgraded shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $5.00 to $6.00 in a report on Friday, September 2nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.72.

The company’s market capitalization is $222.20 million. The firm’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.31.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.01. Pioneer Energy Services Corp. had a negative net margin of 35.38% and a negative return on equity of 21.42%. The firm earned $62.30 million during the quarter, compared to the consensus estimate of $65.75 million. During the same period last year, the firm earned ($0.17) EPS. The business’s quarterly revenue was down 53.9% compared to the same quarter last year. Analysts anticipate that Pioneer Energy Services Corp. will post ($1.24) EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in PES. Arizona State Retirement System increased its position in shares of Pioneer Energy Services Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 33,623 shares of the company’s stock valued at $155,000 after buying an additional 600 shares during the last quarter. Profund Advisors LLC increased its position in shares of Pioneer Energy Services Corp. by 6.6% in the second quarter. Profund Advisors LLC now owns 21,932 shares of the company’s stock valued at $101,000 after buying an additional 1,350 shares during the last quarter. WealthTrust Axiom LLC increased its position in shares of Pioneer Energy Services Corp. by 1.8% in the second quarter. WealthTrust Axiom LLC now owns 98,612 shares of the company’s stock valued at $453,000 after buying an additional 1,750 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Pioneer Energy Services Corp. by 2.2% in the second quarter. Nationwide Fund Advisors now owns 88,748 shares of the company’s stock valued at $408,000 after buying an additional 1,908 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of Pioneer Energy Services Corp. by 12.6% in the second quarter. BlackRock Group LTD now owns 41,330 shares of the company’s stock valued at $190,000 after buying an additional 4,629 shares during the last quarter. 73.84% of the stock is owned by hedge funds and other institutional investors.

Pioneer Energy Services Corp. Company Profile

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.

5 Day Chart for NYSE:PES

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