Pioneer Energy Services Corp. (NYSE:PES) – Research analysts at Jefferies Group raised their FY2019 earnings per share (EPS) estimates for shares of Pioneer Energy Services Corp. in a note issued to investors on Wednesday. Jefferies Group analyst B. Handler now anticipates that the brokerage will earn $0.25 per share for the year, up from their previous forecast of $0.20. Jefferies Group has a “Buy” rating and a $6.00 price objective on the stock.

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

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

Other equities research analysts have also recently issued reports about the stock. DA Davidson restated a “buy” rating and issued a $5.00 price target on shares of Pioneer Energy Services Corp. in a report on Wednesday, November 9th. Zacks Investment Research upgraded shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, November 8th. Seaport Global Securities upgraded shares of Pioneer Energy Services Corp. from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a report on Friday, September 30th. Finally, Raymond James Financial Inc. upgraded shares of Pioneer Energy Services Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, November 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Pioneer Energy Services Corp. presently has an average rating of “Hold” and an average price target of $3.73.

Pioneer Energy Services Corp. (NYSE:PES) remained flat at $4.40 on Thursday. The stock had a trading volume of 354,860 shares. The firm’s 50 day moving average price is $4.00 and its 200 day moving average price is $3.73. Pioneer Energy Services Corp. has a 12 month low of $0.95 and a 12 month high of $5.05. The stock’s market capitalization is $285.58 million.

Institutional investors have recently bought and sold shares of the company. Phoenix Investment Adviser LLC acquired a new position in Pioneer Energy Services Corp. during the second quarter valued at $392,000. EAM Investors LLC acquired a new position in Pioneer Energy Services Corp. during the second quarter valued at $2,998,000. Van Den Berg Management I Inc. increased its position in Pioneer Energy Services Corp. by 65.3% in the second quarter. Van Den Berg Management I Inc. now owns 1,556,586 shares of the company’s stock valued at $7,160,000 after buying an additional 614,675 shares during the last quarter. California Public Employees Retirement System increased its position in Pioneer Energy Services Corp. by 6.7% in the second quarter. California Public Employees Retirement System now owns 1,169,200 shares of the company’s stock valued at $5,378,000 after buying an additional 73,300 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Pioneer Energy Services Corp. during the second quarter valued at $926,000. Hedge funds and other institutional investors own 74.96% 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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