Pioneer Energy Services Corp (PES) Given Consensus Recommendation of “Hold” by Analysts

Shares of Pioneer Energy Services Corp (NYSE:PES) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.35.

A number of equities research analysts recently weighed in on PES shares. Zacks Investment Research raised shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Wednesday, January 10th. Seaport Global Securities raised shares of Pioneer Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Jefferies Group reaffirmed a “buy” rating and set a $3.00 price target on shares of Pioneer Energy Services in a report on Friday, November 10th. Wells Fargo & Co lowered shares of Pioneer Energy Services from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Finally, ValuEngine raised shares of Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crossmark Global Holdings Inc. boosted its stake in Pioneer Energy Services by 275.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 61,006 shares of the oil and gas company’s stock valued at $186,000 after acquiring an additional 44,763 shares during the last quarter. Citigroup Inc. boosted its stake in Pioneer Energy Services by 230.7% during the 2nd quarter. Citigroup Inc. now owns 63,848 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 44,541 shares during the last quarter. Citadel Advisors LLC bought a new position in Pioneer Energy Services during the 3rd quarter valued at $188,000. BlueCrest Capital Management Ltd boosted its stake in Pioneer Energy Services by 532.0% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 76,328 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 64,251 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Pioneer Energy Services by 35.2% during the 2nd quarter. Alliancebernstein L.P. now owns 92,952 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 24,200 shares during the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

Shares of Pioneer Energy Services (PES) opened at $2.75 on Friday. The firm has a market cap of $217.61, a price-to-earnings ratio of -2.05 and a beta of 2.92. Pioneer Energy Services has a fifty-two week low of $1.60 and a fifty-two week high of $6.65. The company has a current ratio of 1.75, a quick ratio of 1.61 and a debt-to-equity ratio of 1.77.

TRADEMARK VIOLATION WARNING: This piece was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2018/02/10/pioneer-energy-services-corp-pes-given-consensus-recommendation-of-hold-by-analysts.html.

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.

Analyst Recommendations for Pioneer Energy Services (NYSE:PES)

Receive News & Ratings for Pioneer Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply