Jefferies Group LLC reaffirmed their buy rating on shares of Pioneer Energy Services Corp. (NYSE:PES) in a research report released on Friday. Jefferies Group LLC currently has a $3.00 price objective on the oil and gas company’s stock. Jefferies Group also issued estimates for Pioneer Energy Services Corp.’s Q4 2017 earnings at ($0.12) EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at $0.35 EPS and FY2020 earnings at $0.55 EPS.

A number of other research analysts also recently weighed in on PES. ValuEngine upgraded Pioneer Energy Services Corp. from a strong sell rating to a sell rating in a research note on Friday, July 14th. Seaport Global Securities restated a neutral rating on shares of Pioneer Energy Services Corp. in a research note on Wednesday, August 2nd. Imperial Capital assumed coverage on Pioneer Energy Services Corp. in a research note on Wednesday, October 4th. They issued an in-line rating and a $3.00 price target for the company. Piper Jaffray Companies restated a buy rating and issued a $2.75 price target on shares of Pioneer Energy Services Corp. in a research note on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) downgraded Pioneer Energy Services Corp. from a buy rating to a neutral rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $4.69.

Pioneer Energy Services Corp. (PES) opened at $2.20 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75. Pioneer Energy Services Corp. has a fifty-two week low of $1.60 and a fifty-two week high of $7.20.

Pioneer Energy Services Corp. (NYSE:PES) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). The firm had revenue of $117.28 million for the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.29) earnings per share. equities analysts predict that Pioneer Energy Services Corp. will post -0.68 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in PES. Balyasny Asset Management LLC lifted its position in shares of Pioneer Energy Services Corp. by 390.0% in the second quarter. Balyasny Asset Management LLC now owns 2,088,468 shares of the oil and gas company’s stock valued at $4,281,000 after buying an additional 1,662,241 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Pioneer Energy Services Corp. by 93.8% in the second quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock valued at $5,972,000 after buying an additional 1,410,000 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Pioneer Energy Services Corp. by 67.1% in the third quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock valued at $8,774,000 after buying an additional 1,382,209 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pioneer Energy Services Corp. by 19.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,549,757 shares of the oil and gas company’s stock valued at $26,199,000 after buying an additional 1,044,979 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of Pioneer Energy Services Corp. in the second quarter valued at approximately $1,584,000. 73.85% of the stock is owned by institutional investors.

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.

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

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