Shares of Pioneer Energy Services Corp (NYSE:PES) traded down 6.7% during trading on Thursday . The company traded as low as $2.80 and last traded at $2.80. 758,575 shares changed hands during trading, a decline of 30% from the average session volume of 1,090,073 shares. The stock had previously closed at $3.00.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Thursday, January 18th. Wells Fargo & Co cut Pioneer Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. ValuEngine upgraded Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. Goldman Sachs Group cut Pioneer Energy Services from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Finally, Jefferies Group reiterated a “buy” rating and set a $3.00 target price on shares of Pioneer Energy Services in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.00.
The company has a debt-to-equity ratio of 1.77, a current ratio of 1.75 and a quick ratio of 1.61. The company has a market capitalization of $217.61, a PE ratio of -2.09 and a beta of 2.92.
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About Pioneer Energy Services
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.
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