Pioneer Energy Services Corp. (NYSE:PES) shares rose 14.9% during mid-day trading on Friday . The company traded as high as $3.83 and last traded at $3.77, with a volume of 1,202,140 shares. The stock had previously closed at $3.28.

PES has been the topic of a number of research analyst reports. Jefferies Group raised shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $3.28 to $6.00 in a report on Friday. Zacks Investment Research raised shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Wednesday, July 6th. Piper Jaffray Cos. raised shares of Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a report on Wednesday, June 29th. Simmons reaffirmed a “neutral” rating and issued a $3.00 price target (up previously from $2.00) on shares of Pioneer Energy Services Corp. in a report on Thursday, May 5th. Finally, Wells Fargo & Co. raised shares of Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $3.56.

The stock’s market capitalization is $233.21 million. The firm’s 50-day moving average price is $3.56 and its 200-day moving average price is $3.10.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data 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 earned $62.30 million during the quarter, compared to analyst estimates of $65.75 million. During the same period last year, the business earned ($0.17) EPS. The firm’s revenue was down 53.9% on a year-over-year basis. On average, equities research analysts forecast that Pioneer Energy Services Corp. will post ($1.25) EPS for the current year.

In other Pioneer Energy Services Corp. news, Director C John Thompson sold 8,995 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $4.10, for a total transaction of $36,879.50. Following 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 filing with the SEC, which can be accessed through this link.

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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