Share on StockTwits

Investment analysts at Goldman Sachs boosted their price objective on shares of Pioneer Energy Services Corp (NYSE:PES) from $18.00 to $20.50 in a note issued to investors on Thursday. Goldman Sachs’ price objective would indicate a potential upside of 15.95% from the stock’s previous close.

Shares of Pioneer Energy Services Corp (NYSE:PES) traded down 1.83% on Thursday, hitting $17.68. 634,492 shares of the company’s stock traded hands. Pioneer Energy Services Corp has a 52 week low of $6.49 and a 52 week high of $18.10. The stock’s 50-day moving average is $16.61 and its 200-day moving average is $12.6. The company’s market cap is $1.106 billion.

Pioneer Energy Services Corp (NYSE:PES) last released its earnings data on Tuesday, April 29th. The company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that Pioneer Energy Services Corp will post $0.29 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Pioneer Energy Services Corp from $18.00 to $22.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Pioneer Energy Services Corp from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 3rd. They now have a $19.20 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.78.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.