Weekly Research Analysts’ Ratings Changes for Pioneer Energy Services (PES)

Pioneer Energy Services (NYSE: PES) recently received a number of ratings updates from brokerages and research firms:

  • 8/16/2019 – Pioneer Energy Services was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The company’s Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas. “
  • 8/15/2019 – Pioneer Energy Services was downgraded by analysts at Johnson Rice from an “accumulate” rating to a “hold” rating.
  • 8/8/2019 – Pioneer Energy Services was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The company’s Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas. “
  • 8/2/2019 – Pioneer Energy Services was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The company’s Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas. “
  • 8/1/2019 – Pioneer Energy Services was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 6/27/2019 – Pioneer Energy Services was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating.

Shares of PES stock traded up $0.05 during midday trading on Wednesday, reaching $0.16. Pioneer Energy Services Corp has a fifty-two week low of $0.16 and a fifty-two week high of $3.65. The firm has a market capitalization of $12.59 million, a PE ratio of -0.31 and a beta of 3.23. The firm has a 50 day moving average of $0.20 and a 200 day moving average of $1.06. The company has a debt-to-equity ratio of 3.42, a current ratio of 2.01 and a quick ratio of 1.79.

Pioneer Energy Services (NYSE:PES) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.15). The company had revenue of $152.84 million for the quarter, compared to analysts’ expectations of $151.43 million. Pioneer Energy Services had a negative net margin of 8.09% and a negative return on equity of 26.26%. As a group, analysts forecast that Pioneer Energy Services Corp will post -0.59 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Everence Capital Management Inc. increased its position in shares of Pioneer Energy Services by 133.0% in the first quarter. Everence Capital Management Inc. now owns 83,910 shares of the oil and gas company’s stock worth $149,000 after acquiring an additional 47,890 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Pioneer Energy Services by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 812,842 shares of the oil and gas company’s stock worth $999,000 after acquiring an additional 48,553 shares in the last quarter. Rhumbline Advisers increased its position in shares of Pioneer Energy Services by 29.5% in the first quarter. Rhumbline Advisers now owns 336,828 shares of the oil and gas company’s stock worth $596,000 after acquiring an additional 76,755 shares in the last quarter. Crossvault Capital Management LLC purchased a new position in shares of Pioneer Energy Services in the first quarter worth approximately $64,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Pioneer Energy Services by 92.9% in the first quarter. BNP Paribas Arbitrage SA now owns 16,993 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 8,184 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors.

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.

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