Shares of Pioneer Energy Services Corp. (NYSE:PES) have received an average rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $5.93.

PES has been the subject of several recent research reports. Zacks Investment Research lowered Pioneer Energy Services Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Deutsche Bank AG restated a “hold” rating and set a $6.00 price target (down from $7.00) on shares of Pioneer Energy Services Corp. in a report on Tuesday, May 30th. ValuEngine downgraded Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a report on Thursday, June 8th. Finally, Seaport Global Securities downgraded Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating and reduced their price target for the company from $4.50 to $2.00 in a report on Wednesday, June 21st.

In related news, CEO Stacy Locke acquired 25,000 shares of the stock in a transaction dated Thursday, May 25th. The shares were purchased at an average cost of $2.74 per share, with a total value of $68,500.00. Following the transaction, the chief executive officer now directly owns 961,267 shares in the company, valued at $2,633,871.58. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.05% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its position in Pioneer Energy Services Corp. by 0.7% in the first quarter. Prudential Financial Inc. now owns 169,106 shares of the oil and gas company’s stock worth $676,000 after buying an additional 1,160 shares in the last quarter. Comerica Bank boosted its position in Pioneer Energy Services Corp. by 4.5% in the first quarter. Comerica Bank now owns 85,152 shares of the oil and gas company’s stock worth $272,000 after buying an additional 3,682 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in Pioneer Energy Services Corp. by 10.0% in the first quarter. Tudor Investment Corp ET AL now owns 56,555 shares of the oil and gas company’s stock worth $226,000 after buying an additional 5,123 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Pioneer Energy Services Corp. by 9.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 59,160 shares of the oil and gas company’s stock worth $237,000 after buying an additional 5,206 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Pioneer Energy Services Corp. by 7.2% in the first quarter. Public Employees Retirement System of Ohio now owns 79,168 shares of the oil and gas company’s stock worth $317,000 after buying an additional 5,305 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Pioneer Energy Services Corp. (PES) traded up 4.1454% during mid-day trading on Tuesday, hitting $2.2912. 145,378 shares of the stock traded hands. Pioneer Energy Services Corp. has a 1-year low of $1.70 and a 1-year high of $7.20. The company has a 50-day moving average of $2.16 and a 200 day moving average of $3.93. The firm’s market capitalization is $176.59 million.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. Pioneer Energy Services Corp. had a negative return on equity of 28.76% and a negative net margin of 42.24%. The company had revenue of $95.80 million during the quarter, compared to analyst estimates of $89.09 million. During the same quarter last year, the firm posted ($0.30) earnings per share. The firm’s revenue was up 27.7% on a year-over-year basis. On average, equities research analysts anticipate that Pioneer Energy Services Corp. will post ($0.65) EPS for the current year.

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Pioneer Energy Services Corp. Company Profile

Pioneer Energy Services Corp. provides land-based drilling services and production services to a group of independent oil and gas exploration and production companies in the United States and internationally in Colombia. The Company operates through two segments, which include drilling services segment and production services segment.

Analyst Recommendations for Pioneer Energy Services Corp. (NYSE:PES)

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