Insider Selling: C John Thompson Sells 3,000 Shares of Pioneer Energy Services Corp Stock (PES)
Pioneer Energy Services Corp (NYSE:PES) Director C John Thompson sold 3,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $15.17, for a total transaction of $45,510.00. Following the completion of the transaction, the director now directly owns 28,326 shares in the company, valued at approximately $429,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Pioneer Energy Services Corp (NYSE:PES) traded up 2.77% on Wednesday, hitting $15.22. The stock had a trading volume of 764,706 shares. Pioneer Energy Services Corp has a 1-year low of $6.49 and a 1-year high of $18.40. The stock’s 50-day moving average is $16.84 and its 200-day moving average is $13.96. The company’s market cap is $957.0 million.
Pioneer Energy Services Corp (NYSE:PES) last released its earnings data on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.07. The company had revenue of $259.80 million for the quarter, compared to the consensus estimate of $254.40 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Pioneer Energy Services Corp will post $0.44 EPS for the current fiscal year.
A number of analysts have recently weighed in on PES shares. Analysts at Zacks upgraded shares of Pioneer Energy Services Corp from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $19.20 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Pioneer Energy Services Corp from $14.00 to $19.00 in a research note on Wednesday, July 16th. Finally, analysts at Goldman Sachs raised their price target on shares of Pioneer Energy Services Corp from $18.00 to $20.50 in a research note on Thursday, July 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.12.
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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