A reversible pipe ramming tool used in horizontal pipe replacement operations. The tool is powered by a pneumatic hose attached to a rear end of the tool. The tool has forward and rearward fluid paths, which can either communicate with one another or stand in isolation. Fluid flow along the forward fluid path, when it is maintained in isolation from the reverse fluid path, causes the tool to move in a forward direction. Fluid flow along the forward fluid path, when it is maintained in communication with the reverse fluid path, causes the tool to move in a rearward direction. The tool is switched between forward and reverse by flowing fluid through a pilot fluid path in fluid communication with a valve. Movement of a shuttle within the valve selectively isolates the forward fluid path from the reverse fluid path.