Shares of Pioneer Energy Services Corp. (NYSE:PES) have earned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $3.69.

A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Tuesday, November 8th. Raymond James Financial Inc. raised shares of Pioneer Energy Services Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, November 2nd. DA Davidson assumed coverage on shares of Pioneer Energy Services Corp. in a research note on Thursday, September 15th. They set a “buy” rating and a $5.00 price objective for the company. 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, July 18th. Finally, Seaport Global Securities raised shares of Pioneer Energy Services Corp. from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday, September 30th.

A number of institutional investors have recently bought and sold shares of the stock. Profund Advisors LLC raised its position in 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. Tower Research Capital LLC TRC raised its position in Pioneer Energy Services Corp. by 1,226.8% in the second quarter. Tower Research Capital LLC TRC now owns 23,882 shares of the company’s stock valued at $110,000 after buying an additional 22,082 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new position in Pioneer Energy Services Corp. during the second quarter valued at $111,000. ClariVest Asset Management LLC bought a new position in shares of Pioneer Energy Services Corp. during the second quarter valued at approximately $124,000. Finally, BlackRock Inc. raised its position in shares of Pioneer Energy Services Corp. by 53.5% in the third quarter. BlackRock Inc. now owns 30,795 shares of the company’s stock valued at $125,000 after buying an additional 10,733 shares in the last quarter. Institutional investors own 74.96% of the company’s stock.

Shares of Pioneer Energy Services Corp. (NYSE:PES) opened at 3.95 on Wednesday. The firm has a 50-day moving average of $4.00 and a 200 day moving average of $3.73. The company’s market cap is $256.37 million. Pioneer Energy Services Corp. has a 52 week low of $0.95 and a 52 week high of $5.05.

Pioneer Energy Services Corp. (NYSE:PES) last released its earnings results on Tuesday, November 1st. The company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.04. The business earned $68.40 million during the quarter, compared to analysts’ expectations of $63.11 million. Pioneer Energy Services Corp. had a negative net margin of 45.35% and a negative return on equity of 24.83%. The company’s quarterly revenue was down 36.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.25) earnings per share. Equities analysts expect that Pioneer Energy Services Corp. will post ($1.22) EPS for the current fiscal year.

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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