Q2 2019 EPS Estimates for Pioneer Energy Services Corp. (PES) Increased by Analyst

Pioneer Energy Services Corp. (NYSE:PES) – Stock analysts at Seaport Global Securities raised their Q2 2019 earnings per share estimates for Pioneer Energy Services Corp. in a report released on Monday. Seaport Global Securities analyst S. Randhawa now forecasts that the oil and gas company will post earnings per share of $0.00 for the quarter, up from their previous forecast of ($0.01). Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Pioneer Energy Services Corp.’s Q3 2019 earnings at $0.01 EPS.

Several other equities research analysts also recently commented on the company. Zacks Investment Research raised Pioneer Energy Services Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Wells Fargo & Company downgraded Pioneer Energy Services Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. ValuEngine downgraded Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) downgraded Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $2.75 price objective on shares of Pioneer Energy Services Corp. in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Pioneer Energy Services Corp. presently has an average rating of “Hold” and a consensus target price of $4.69.

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Pioneer Energy Services Corp. (NYSE:PES) remained flat at $$2.00 during midday trading on Tuesday. 306,810 shares of the company traded hands, compared to its average volume of 984,310. The company has a quick ratio of 1.61, a current ratio of 1.75 and a debt-to-equity ratio of 1.77. Pioneer Energy Services Corp. has a one year low of $1.60 and a one year high of $7.20.

Pioneer Energy Services Corp. (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 analysts’ consensus estimates of ($0.14) by ($0.01). The firm had revenue of $117.28 million for the quarter, compared to analyst estimates of $114.82 million. Pioneer Energy Services Corp. had a negative return on equity of 26.46% and a negative net margin of 25.19%. The company’s revenue was up 71.6% compared to the same quarter last year. During the same period last year, the company earned ($0.29) EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund raised its stake in Pioneer Energy Services Corp. by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 56,423 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 472 shares during the period. Prudential Financial Inc. raised its stake in Pioneer Energy Services Corp. by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 169,106 shares of the oil and gas company’s stock valued at $676,000 after acquiring an additional 1,160 shares during the period. Tudor Investment Corp ET AL raised its stake in Pioneer Energy Services Corp. by 10.0% in the 1st quarter. Tudor Investment Corp ET AL now owns 56,555 shares of the oil and gas company’s stock valued at $226,000 after acquiring an additional 5,123 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Pioneer Energy Services Corp. by 9.6% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 59,160 shares of the oil and gas company’s stock valued at $237,000 after acquiring an additional 5,206 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Pioneer Energy Services Corp. by 7.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 79,168 shares of the oil and gas company’s stock valued at $317,000 after acquiring an additional 5,305 shares during the period. Institutional investors and hedge funds own 73.85% of the company’s stock.

About Pioneer Energy Services Corp.

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.

Earnings History and Estimates for Pioneer Energy Services Corp. (NYSE:PES)

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