Pioneer Energy Services Corp. (PES) Cut to “Neutral” at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) lowered shares of Pioneer Energy Services Corp. (NYSE:PES) from a buy rating to a neutral rating in a report released on Thursday, Marketbeat Ratings reports.

Several other research analysts have also recently issued reports on PES. Seaport Global Securities reaffirmed a neutral rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. ValuEngine raised Pioneer Energy Services Corp. from a strong sell rating to a sell rating in a research report on Friday, July 14th. Imperial Capital began coverage on Pioneer Energy Services Corp. in a research report on Wednesday, October 4th. They set an in-line rating and a $3.00 price objective for the company. Zacks Investment Research cut Pioneer Energy Services Corp. from a buy rating to a hold rating in a research report on Saturday, October 7th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $2.75 price objective on shares of Pioneer Energy Services Corp. in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $5.03.

Shares of Pioneer Energy Services Corp. (PES) opened at 2.10 on Thursday. The company’s 50-day moving average price is $2.20 and its 200-day moving average price is $2.51. Pioneer Energy Services Corp. has a 12 month low of $1.60 and a 12 month high of $7.20. The company’s market cap is $162.49 million.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.03). The business had revenue of $107.13 million for the quarter, compared to analyst estimates of $105.23 million. Pioneer Energy Services Corp. had a negative return on equity of 28.63% and a negative net margin of 33.86%. The company’s revenue was up 72.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) earnings per share. Equities analysts forecast that Pioneer Energy Services Corp. will post ($0.66) EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/16/pioneer-energy-services-corp-pes-cut-to-neutral-at-goldman-sachs-group-inc-the.html.

Several institutional investors have recently bought and sold shares of PES. Wells Fargo & Company MN lifted its holdings in shares of Pioneer Energy Services Corp. by 15.5% in the 1st quarter. Wells Fargo & Company MN now owns 125,736 shares of the oil and gas company’s stock valued at $503,000 after purchasing an additional 16,865 shares during the last quarter. Comerica Bank lifted its holdings in shares of Pioneer Energy Services Corp. by 4.5% in the 1st quarter. Comerica Bank now owns 85,152 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 3,682 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Pioneer Energy Services Corp. by 38.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 431,695 shares of the oil and gas company’s stock valued at $1,727,000 after purchasing an additional 119,542 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Pioneer Energy Services Corp. by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 71,995 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 10,865 shares during the last quarte

Several other research analysts have also recently issued reports on PES. Seaport Global Securities reaffirmed a neutral rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. ValuEngine raised Pioneer Energy Services Corp. from a strong sell rating to a sell rating in a research report on Friday, July 14th. Imperial Capital began coverage on Pioneer Energy Services Corp. in a research report on Wednesday, October 4th. They set an in-line rating and a $3.00 price objective for the company. Zacks Investment Research cut Pioneer Energy Services Corp. from a buy rating to a hold rating in a research report on Saturday, October 7th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $2.75 price objective on shares of Pioneer Energy Services Corp. in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $5.03.

Shares of Pioneer Energy Services Corp. (PES) opened at 2.10 on Thursday. The company’s 50-day moving average price is $2.20 and its 200-day moving average price is $2.51. Pioneer Energy Services Corp. has a 12 month low of $1.60 and a 12 month high of $7.20. The company’s market cap is $162.49 million.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.03). The business had revenue of $107.13 million for the quarter, compared to analyst estimates of $105.23 million. Pioneer Energy Services Corp. had a negative return on equity of 28.63% and a negative net margin of 33.86%. The company’s revenue was up 72.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) earnings per share. Equities analysts forecast that Pioneer Energy Services Corp. will post ($0.66) EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/16/pioneer-energy-services-corp-pes-cut-to-neutral-at-goldman-sachs-group-inc-the.html.

Several institutional investors have recently bought and sold shares of PES. Wells Fargo & Company MN lifted its holdings in shares of Pioneer Energy Services Corp. by 15.5% in the 1st quarter. Wells Fargo & Company MN now owns 125,736 shares of the oil and gas company’s stock valued at $503,000 after purchasing an additional 16,865 shares during the last quarter. Comerica Bank lifted its holdings in shares of Pioneer Energy Services Corp. by 4.5% in the 1st quarter. Comerica Bank now owns 85,152 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 3,682 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Pioneer Energy Services Corp. by 38.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 431,695 shares of the oil and gas company’s stock valued at $1,727,000 after purchasing an additional 119,542 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Pioneer Energy Services Corp. by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 71,995 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 10,865 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Pioneer Energy Services Corp. by 59.5% in the 1st quarter. KBC Group NV now owns 248,741 shares of the oil and gas company’s stock valued at $995,000 after purchasing an additional 92,756 shares during the last quarter. 73.95% 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.

Analyst Recommendations for Pioneer Energy Services Corp. (NYSE:PES)

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

Leave a Reply