Insider Selling: Pioneer Energy Services Corp Director Sells 355 Shares of Stock (PES)
Pioneer Energy Services Corp (NYSE:PES) Director C John Thompson sold 355 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $15.30, for a total value of $5,431.50. Following the completion of the transaction, the director now directly owns 28,326 shares of the company’s stock, valued at approximately $433,388. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Pioneer Energy Services Corp (NYSE:PES) traded up 2.77% during mid-day trading on Wednesday, hitting $15.22. 764,706 shares of the company’s stock traded hands. Pioneer Energy Services Corp has a 1-year low of $6.49 and a 1-year high of $18.40. The stock has a 50-day moving average of $16.81 and a 200-day moving average of $13.97. The company’s market cap is $957.0 million.
Pioneer Energy Services Corp (NYSE:PES) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter 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 research firms have recently commented on PES. 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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently 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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