Pioneer Energy Services Corp (NYSE:PES) has been given an average recommendation of “Buy” by the twelve research firms that are covering the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.00.
Several research analysts have recently issued reports on PES shares. Zacks Investment Research upgraded shares of Pioneer Energy Services Corp from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Wednesday, January 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 target price on shares of Pioneer Energy Services Corp in a research note on Wednesday, March 22nd. Scotiabank reissued a “hold” rating and set a $7.00 price objective on shares of Pioneer Energy Services Corp in a report on Wednesday, March 22nd. Finally, Capital One Financial Corp. started coverage on shares of Pioneer Energy Services Corp in a report on Monday, February 6th. They set an “overweight” rating and a $8.50 price objective for the company.
Pioneer Energy Services Corp (NYSE:PES) remained flat at $3.50 on Monday. The stock had a trading volume of 1,040,966 shares. The stock’s market cap is $269.43 million. Pioneer Energy Services Corp has a 12-month low of $2.63 and a 12-month high of $7.20. The firm has a 50 day moving average price of $4.24 and a 200 day moving average price of $5.09.
Pioneer Energy Services Corp (NYSE:PES) last issued its earnings results on Friday, February 17th. The oil and gas company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.03. The firm earned $71.50 million during the quarter, compared to the consensus estimate of $70.47 million. Pioneer Energy Services Corp had a negative return on equity of 24.83% and a negative net margin of 45.35%. The company’s quarterly revenue was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.25) EPS. On average, equities analysts forecast that Pioneer Energy Services Corp will post ($0.62) earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new stake in shares of Pioneer Energy Services Corp during the fourth quarter worth approximately $199,000. Louisiana State Employees Retirement System boosted its stake in shares of Pioneer Energy Services Corp by 21.2% in the first quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the oil and gas company’s stock worth $126,000 after buying an additional 5,500 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Pioneer Energy Services Corp during the third quarter worth approximately $202,000. Tudor Investment Corp Et Al acquired a new stake in shares of Pioneer Energy Services Corp during the fourth quarter worth approximately $352,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Pioneer Energy Services Corp during the third quarter worth approximately $282,000. 62.40% of the stock is owned by institutional investors and hedge funds.
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.
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