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Pioneer Energy Services Corp (NYSE:PES) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Pioneer Energy Services Corp(NYSE:PES) to Sell in a report released on Saturday August 20 2016.

Just yesterday Pioneer Energy Services Corp (NYSE:PES) traded 1.20% lower at $3.47. The company’s 50-day moving average is $3.44 and its 200-day average is $3.25. The last close is up 0.80% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the date range. Trade volume was was down over the average, with 888,511 shares of PES changing hands under the typical 986,386 shares..

See Chart Below:

Pioneer Energy Services Corp (NYSE:PES)

Pioneer Energy Services Corp has a 52 week low of $0.95 and a 52 week high of $5.05 . The company’s total market value is presently $0.0.

Also covering Pioneer Energy Services Corp’s target price, a total of 8 brokerages have reported on PES. The consensus target is $2.14 with 0 rating the company a strong buy, one analyst rating the company a buy, 10 firms rating the stock a hold, one firm rating the stock to underperform, and finally 0 brokeragesrating the stock as sell.

General Information About Pioneer Energy Services Corp (NYSE:PES)

Pioneer Energy Services Corp. provides land-based drilling services and production services to oil and gas exploration, and production companies in the United States and internationally in Colombia. The Company operates through two segments: Drilling Services and Production Services. The Drilling Services Segment provides contract land drilling services to a group of exploration and production companies through its four drilling divisions in the United States, and internationally in Colombia. The Production Services Segment provides a range of services, including well servicing, wireline services and coiled tubing services, to a group of exploration and production companies, with its operations concentrated in the United States onshore oil and gas producing regions in the Mid-Continent and Rocky Mountain states and in the Gulf Coast, and both onshore and offshore. The Company also provides coiled tubing and wireline services offshore in the Gulf of Mexico.

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