Shares of Pioneer Energy Services Corp. (NYSE:PES) traded down 0.9% during mid-day trading on Monday . The company traded as low as $4.22 and last traded at $4.33, with a volume of 1,016,505 shares traded. The stock had previously closed at $4.37.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Wednesday, July 6th. Wells Fargo & Co. raised shares of Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday. Jefferies Group boosted their price target on shares of Pioneer Energy Services Corp. from $3.50 to $5.00 and gave the stock a “hold” rating in a research note on Monday, July 11th. Simmons raised shares of Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $3.00 to $5.25 in a research note on Wednesday, June 29th. Finally, Piper Jaffray Cos. raised shares of Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Pioneer Energy Services Corp. has an average rating of “Hold” and a consensus price target of $3.56.

The stock’s 50-day moving average price is $4.28 and its 200-day moving average price is $2.67. The stock’s market cap is $269.28 million.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings data on Friday, April 29th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.03. During the same period last year, the company earned ($0.13) earnings per share. The firm earned $75 million during the quarter, compared to analysts’ expectations of $80.57 million. The business’s revenue for the quarter was down 61.3% on a year-over-year basis. On average, equities analysts expect that Pioneer Energy Services Corp. will post ($1.20) EPS for the current fiscal year.

In related news, Director C John Thompson sold 8,995 shares of the firm’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 directly owns 47,661 shares of the company’s stock, valued at $195,410.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Pioneer Energy Services Corp. stock. First Trust Advisors LP increased its stake in shares of Pioneer Energy Services Corp. (NYSE:PES) by 127.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 908,911 shares of the company’s stock after buying an additional 510,136 shares during the period. First Trust Advisors LP owned 1.41% of Pioneer Energy Services Corp. worth $1,972,000 as of its most recent SEC filing.

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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