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Pioneer Energy Services Corp (NYSE:PES) reached a new 52-week high on Monday , Analyst Ratings Net reports. The stock traded as high as $16.77 and last traded at $16.62, with a volume of 390,731 shares trading hands. The stock had previously closed at $16.40.

A number of research firms have recently commented on PES. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Pioneer Energy Services Corp in a research note on Thursday, May 1st. They now have a $19.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Pioneer Energy Services Corp from $10.00 to $15.00 in a research note on Wednesday, April 30th. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich upgraded shares of Pioneer Energy Services Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $18.00 price target on the stock, up previously from $11.00. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $15.50.

The stock has a 50-day moving average of $14. and a 200-day moving average of $10.96. The company’s market cap is $1.033 billion.

Pioneer Energy Services Corp (NYSE:PES) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.04) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.04). The company had revenue of $239.00 million for the quarter, compared to the consensus estimate of $235.18 million. During the same quarter last year, the company posted ($0.02) earnings per share. Pioneer Energy Services Corp’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that Pioneer Energy Services Corp will post $0.27 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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