Pioneer Energy Services (PES) Getting Somewhat Favorable Media Coverage, Analysis Shows

Press coverage about Pioneer Energy Services (NYSE:PES) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pioneer Energy Services earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.617110127378 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Wednesday, October 4th. Imperial Capital assumed coverage on Pioneer Energy Services in a research note on Wednesday, October 4th. They set an “in-line” rating and a $3.00 price objective for the company. Seaport Global Securities reissued a “neutral” rating on shares of Pioneer Energy Services in a research note on Wednesday, August 2nd. Goldman Sachs Group lowered Pioneer Energy Services from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Finally, Jefferies Group reissued a “buy” rating and set a $3.00 price objective on shares of Pioneer Energy Services in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.69.

Pioneer Energy Services (NYSE PES) remained flat at $$2.00 during trading hours on Wednesday. 314,200 shares of the company’s stock were exchanged, compared to its average volume of 965,944. Pioneer Energy Services has a fifty-two week low of $1.60 and a fifty-two week high of $7.20. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75.

Pioneer Energy Services (NYSE:PES) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). Pioneer Energy Services had a negative net margin of 25.19% and a negative return on equity of 26.46%. The firm had revenue of $117.28 million for the quarter, compared to analysts’ expectations of $114.82 million. During the same quarter in the previous year, the business earned ($0.29) EPS. The company’s revenue for the quarter was up 71.6% on a year-over-year basis. equities analysts expect that Pioneer Energy Services will post -0.68 EPS for the current fiscal year.

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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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