Pioneer Energy Services Corp. (NYSE:PES)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a research note issued to investors on Wednesday. They currently have a $5.00 price objective on the stock. DA Davidson’s price target points to a potential upside of 25.00% from the company’s current price.

A number of other equities analysts also recently commented on PES. Zacks Investment Research downgraded Pioneer Energy Services Corp. from a “buy” rating to a “sell” rating in a report on Thursday, July 14th. Wells Fargo & Co. upgraded Pioneer Energy Services Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. Jefferies Group upgraded Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $5.00 to $6.00 in a report on Friday, September 2nd. Seaport Global Securities upgraded Pioneer Energy Services Corp. from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Friday, September 30th. Finally, Raymond James Financial Inc. upgraded Pioneer Energy Services Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, November 2nd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Pioneer Energy Services Corp. currently has an average rating of “Hold” and an average price target of $3.73.

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

Shares of Pioneer Energy Services Corp. (NYSE:PES) opened at 4.00 on Wednesday. Pioneer Energy Services Corp. has a 52 week low of $0.95 and a 52 week high of $5.05. The firm has a 50-day moving average price of $3.99 and a 200-day moving average price of $3.73. The stock’s market cap is $259.62 million.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.29) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.04. The company had revenue of $68.40 million for the quarter, compared to the consensus estimate of $63.11 million. Pioneer Energy Services Corp. had a negative return on equity of 24.83% and a negative net margin of 45.35%. The company’s quarterly revenue was down 36.4% compared to the same quarter last year. During the same period last year, the business posted ($0.25) EPS. On average, analysts forecast that Pioneer Energy Services Corp. will post ($1.22) earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Profund Advisors LLC raised its stake in shares of Pioneer Energy Services Corp. by 6.6% in the second quarter. Profund Advisors LLC now owns 21,932 shares of the company’s stock worth $101,000 after buying an additional 1,350 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Pioneer Energy Services Corp. by 1,226.8% in the second quarter. Tower Research Capital LLC TRC now owns 23,882 shares of the company’s stock valued at $110,000 after buying an additional 22,082 shares during the last quarter. Penn Capital Management Co. Inc. purchased a new position in shares of Pioneer Energy Services Corp. during the second quarter valued at approximately $111,000. ClariVest Asset Management LLC purchased a new position in shares of Pioneer Energy Services Corp. during the second quarter valued at approximately $124,000. Finally, BlackRock Inc. raised its position in shares of Pioneer Energy Services Corp. by 53.5% in the third quarter. BlackRock Inc. now owns 30,795 shares of the company’s stock valued at $125,000 after buying an additional 10,733 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.

Pioneer Energy Services Corp. Company Profile

Pioneer Energy Services Corp. provides land-based drilling services and production services to oil and gas exploration, and production companies in the United States and internationally in Colombia. The Company operates through two segments: Drilling Services and Production Services. The Drilling Services Segment provides contract land drilling services to a group of exploration and production companies through its four drilling divisions in the United States, and internationally in Colombia.

5 Day Chart for NYSE:PES

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