Pioneer Energy Services Corp. (PES) Sees Strong Trading Volume
Pioneer Energy Services Corp. (NYSE:PES) shares saw an uptick in trading volume on Monday . 1,878,400 shares were traded during trading, an increase of 131% from the previous session’s volume of 812,035 shares.The stock last traded at $3.60 and had previously closed at $3.28.
A number of brokerages have issued reports on PES. Simmons upgraded shares of Pioneer Energy Services Corp. from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $3.00 to $5.25 in a research report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Pioneer Energy Services Corp. from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Jaffray Cos. upgraded shares of Pioneer Energy Services Corp. from an “underweight” rating to a “neutral” rating in a research report on Wednesday, June 29th. Wells Fargo & Co. upgraded shares of Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, July 18th. Finally, Jefferies Group increased 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 report on Monday, July 11th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $3.56.
The company’s 50-day moving average is $3.54 and its 200 day moving average is $3.10. The company’s market capitalization is $233.21 million.
Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.01. The company earned $62.30 million during the quarter, compared to the consensus estimate of $65.75 million. The business’s revenue was down 53.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.17) EPS. On average, analysts expect that Pioneer Energy Services Corp. will post ($1.24) earnings per share for the current year.
In other Pioneer Energy Services Corp. news, Director C John Thompson sold 8,995 shares of Pioneer Energy Services Corp. stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $4.10, for a total value of $36,879.50. Following the sale, the director now owns 47,661 shares of the company’s stock, valued at $195,410.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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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