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Stock analysts at Jefferies Group upped their price target on shares of Pioneer Energy Services Corp (NYSE:PES) from $8.50 to $10.00 in a report issued on Tuesday, Analyst Ratings Network.com reports. Jefferies Group’s price objective suggests a potential upside of 3.84% from the stock’s previous close.

A number of other firms have also recently commented on PES. Analysts at Global Hunter Securities upgraded shares of Pioneer Energy Services Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 12th. They now have a $11.00 price target on the stock, up previously from $9.00. Separately, analysts at Zacks downgraded shares of Pioneer Energy Services Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $9.20 price target on the stock. Finally, analysts at Wunderlich upgraded shares of Pioneer Energy Services Corp from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. They now have a $7.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Pioneer Energy Services Corp presently has a consensus rating of “Hold” and a consensus price target of $9.44.

Shares of Pioneer Energy Services Corp (NYSE:PES) opened at 9.63 on Tuesday. Pioneer Energy Services Corp has a one year low of $6.46 and a one year high of $9.90. The stock’s 50-day moving average is $8.35 and its 200-day moving average is $7.7. The company’s market cap is $600.7 million.

Pioneer Energy Services Corp (NYSE:PES) last released its earnings data on Wednesday, February 19th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.05. The company had revenue of $238.18 million for the quarter, compared to the consensus estimate of $226.75 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Pioneer Energy Services Corp will post $-0.01 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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