Capital One Financial reissued their overweight rating on shares of Pioneer Energy Services (NYSE:PES) in a report issued on Friday.
A number of other research analysts also recently issued reports on PES. Zacks Investment Research raised Pioneer Energy Services from a hold rating to a buy rating and set a $3.75 price target for the company in a report on Wednesday, January 10th. ValuEngine downgraded Pioneer Energy Services from a sell rating to a strong sell rating in a report on Friday, February 2nd. Seaport Global Securities reaffirmed a buy rating on shares of Pioneer Energy Services in a research note on Thursday, January 18th. Finally, Jefferies Group reaffirmed a buy rating and set a $3.00 target price on shares of Pioneer Energy Services in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $4.00.
Pioneer Energy Services (PES) opened at $2.75 on Friday. Pioneer Energy Services has a twelve month low of $1.60 and a twelve month high of $6.40. The stock has a market capitalization of $213.73, a P/E ratio of -2.05 and a beta of 2.92. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.54 and a quick ratio of 2.37.
Pioneer Energy Services (NYSE:PES) last announced its quarterly earnings results on Friday, February 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.03). Pioneer Energy Services had a negative net margin of 16.83% and a negative return on equity of 23.31%. The company had revenue of $126.29 million during the quarter, compared to analyst estimates of $125.99 million. During the same period in the previous year, the firm posted ($0.34) earnings per share. The company’s revenue was up 76.7% compared to the same quarter last year. equities research analysts predict that Pioneer Energy Services will post -0.27 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its stake in shares of Pioneer Energy Services by 17.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 506,420 shares of the oil and gas company’s stock worth $1,038,000 after buying an additional 74,725 shares during the period. Van Den Berg Management I Inc. increased its position in shares of Pioneer Energy Services by 3.0% during the third quarter. Van Den Berg Management I Inc. now owns 6,918,334 shares of the oil and gas company’s stock worth $17,642,000 after purchasing an additional 204,335 shares in the last quarter. FMR LLC purchased a new stake in shares of Pioneer Energy Services during the second quarter worth approximately $1,584,000. Vanguard Group Inc. increased its position in shares of Pioneer Energy Services by 3.7% during the second quarter. Vanguard Group Inc. now owns 3,797,501 shares of the oil and gas company’s stock worth $7,785,000 after purchasing an additional 134,045 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Pioneer Energy Services by 67.1% during the third quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock worth $8,774,000 after purchasing an additional 1,382,209 shares in the last quarter. 74.80% of the stock is owned by institutional investors and hedge funds.
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About Pioneer Energy Services
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.
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