Share on StockTwits

Pioneer Energy Services Corp (NYSE:PES) Director C John Thompson sold 355 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $15.30, for a total transaction of $5,431.50. Following the sale, the director now directly owns 28,326 shares of the company’s stock, valued at approximately $433,388. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

PES has been the subject of a number of recent research reports. 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 assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $19.12.

Pioneer Energy Services Corp (NYSE:PES) traded down 1.35% on Thursday, hitting $15.015. 356,218 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 $18.40. The stock’s 50-day moving average is $16.81 and its 200-day moving average is $13.97. The company’s market cap is $944.1 million.

Pioneer Energy Services Corp (NYSE:PES) last announced its earnings results 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.

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.