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Pioneer Energy Services Corp (NYSE:PES) Director C John Thompson unloaded 4,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $15.11, for a total transaction of $60,440.00. Following the completion of the sale, the director now directly owns 24,326 shares of the company’s stock, valued at approximately $367,566. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.12.

Pioneer Energy Services Corp (NYSE:PES) traded up 1.18% during mid-day trading on Wednesday, hitting $15.42. 518,323 shares of the company’s stock traded hands. Pioneer Energy Services Corp has a 52 week low of $6.72 and a 52 week high of $18.40. The stock’s 50-day moving average is $16.16 and its 200-day moving average is $14.44. The company’s market cap is $969.5 million. Pioneer Energy Services Corp also was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,987,438 shares, an increase of 55.3% from the July 31st total of 1,279,422 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily volume of 1,007,487 shares, the days-to-cover ratio is presently 2.0 days.

Pioneer Energy Services Corp (NYSE:PES) last announced its earnings results 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. On average, analysts predict that Pioneer Energy Services Corp will post $0.46 earnings per share 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.

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