Insider Selling: Franklin C. West Sells 77,800 Shares of Pioneer Energy Services Corp Stock (PES)
Pioneer Energy Services Corp (NYSE:PES) EVP Franklin C. West sold 77,800 shares of Pioneer Energy Services Corp stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $15.21, for a total value of $1,183,338.00. Following the completion of the transaction, the executive vice president now directly owns 240,708 shares of the company’s stock, valued at approximately $3,661,169. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Pioneer Energy Services Corp (NYSE:PES) traded up 0.55% on Friday, hitting $14.66. 816,367 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 $16.66 and its 200-day moving average is $14.02. The company’s market cap is $921.8 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.
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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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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