Imperial Capital reiterated their in-line rating on shares of Pioneer Energy Services (NYSE:PES) in a report released on Thursday. The brokerage currently has a $3.00 price target on the oil and gas company’s stock.

PES has been the subject of several other reports. B. Riley initiated coverage on Pioneer Energy Services in a research report on Tuesday, November 20th. They set a neutral rating and a $3.25 price objective for the company. Piper Jaffray Companies set a $2.00 target price on Pioneer Energy Services and gave the stock a buy rating in a research note on Thursday, December 27th. Simmons decreased their price target on Pioneer Energy Services to $2.25 and set an overweight rating for the company in a research report on Thursday, December 27th. ValuEngine downgraded Pioneer Energy Services from a hold rating to a sell rating in a research report on Wednesday, January 2nd. Finally, Wells Fargo & Co set a $3.00 target price on Pioneer Energy Services and gave the stock a hold rating in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $3.61.

Pioneer Energy Services stock traded down $0.02 during mid-day trading on Thursday, hitting $1.87. 461,051 shares of the company were exchanged, compared to its average volume of 643,544. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.16 and a quick ratio of 1.97. Pioneer Energy Services has a 1-year low of $1.14 and a 1-year high of $6.35. The firm has a market capitalization of $147.04 million, a P/E ratio of -2.67 and a beta of 3.05.

Pioneer Energy Services (NYSE:PES) last released its earnings results on Tuesday, October 30th. The oil and gas company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The firm had revenue of $149.33 million for the quarter, compared to analysts’ expectations of $149.27 million. Pioneer Energy Services had a negative return on equity of 19.97% and a negative net margin of 8.19%. On average, equities research analysts predict that Pioneer Energy Services will post -0.51 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in Pioneer Energy Services by 123.5% during the second quarter. SG Americas Securities LLC now owns 29,477 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 16,289 shares during the period. BlackRock Inc. boosted its holdings in Pioneer Energy Services by 3.0% in the 2nd quarter. BlackRock Inc. now owns 11,242,041 shares of the oil and gas company’s stock valued at $65,766,000 after purchasing an additional 328,918 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Pioneer Energy Services by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,505,737 shares of the oil and gas company’s stock valued at $38,058,000 after purchasing an additional 152,183 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Pioneer Energy Services in the 2nd quarter worth approximately $2,943,000. Finally, Bank of America Corp DE lifted its holdings in Pioneer Energy Services by 5.6% during the 2nd quarter. Bank of America Corp DE now owns 474,305 shares of the oil and gas company’s stock worth $2,774,000 after buying an additional 25,153 shares in the last quarter. 73.82% of the stock is currently owned by institutional investors.

About Pioneer Energy Services

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The company offers contract land drilling services in the Marcellus/Utica, Eagle Ford, Permian Basin, and Bakken regions, as well as in Colombia.

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Analyst Recommendations for Pioneer Energy Services (NYSE:PES)

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