Pioneer Energy Services Corp Price Target Raised to $8.50 at Jefferies Group (PES)
Jefferies Group hoisted their target price on shares of Pioneer Energy Services Corp (NYSE:PES) from $7.50 to $8.50 in a research note issued on Thursday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target points to a potential upside of 1.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich downgraded shares of Pioneer Energy Services Corp from a “hold” rating to a “sell” rating in a research note to investors on Tuesday. They now have a $7.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Pioneer Energy Services Corp in a research note to investors on Tuesday, October 22nd. They set an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Pioneer Energy Services Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $8.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.75.
Pioneer Energy Services Corp (NYSE:PES) traded up 4.09% on Thursday, hitting $8.40. The stock had a trading volume of 562,533 shares. Pioneer Energy Services Corp has a 1-year low of $5.91 and a 1-year high of $9.91. The stock has a 50-day moving average of $7.87 and a 200-day moving average of $7.28. The company’s market cap is $522.3 million.
Pioneer Energy Services Corp (NYSE:PES) last announced its earnings results on Wednesday, October 30th. The company reported $0.00 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.04. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.20 million. During the same quarter last year, the company posted $0.04 earnings per share. Pioneer Energy Services Corp’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Pioneer Energy Services Corp will post $-0.09 EPS for the current fiscal year.
Pioneer Energy Services Corp., formerly Pioneer Drilling Company, provides drilling and production services to independent oil and gas exploration and production companies throughout much of the onshore oil and gas producing regions of the United States and internationally in Colombia.
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