Equities research analysts forecast that Pioneer Energy Services (NYSE:PES) will announce ($0.13) earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Pioneer Energy Services’ earnings. The lowest EPS estimate is ($0.16) and the highest is ($0.10). Pioneer Energy Services reported earnings of ($0.20) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 35%. The company is expected to report its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Pioneer Energy Services will report full year earnings of ($0.38) per share for the current financial year, with EPS estimates ranging from ($0.45) to ($0.29). For the next year, analysts expect that the firm will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.30) to $0.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pioneer Energy Services.
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 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 business had revenue of $126.29 million during the quarter, compared to analysts’ expectations of $125.99 million. During the same period last year, the company earned ($0.34) EPS. The firm’s revenue for the quarter was up 76.7% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, January 10th. ValuEngine downgraded shares of Pioneer Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Seaport Global Securities raised shares of Pioneer Energy Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Jefferies Group set a $4.00 price objective on shares of Pioneer Energy Services and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Capital One Financial reissued an “overweight” rating on shares of Pioneer Energy Services in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.67.
Shares of NYSE PES opened at $2.95 on Friday. Pioneer Energy Services has a 12-month low of $1.60 and a 12-month high of $4.15. The company has a debt-to-equity ratio of 2.20, a quick ratio of 2.37 and a current ratio of 2.54.
In related news, Director C John Thompson sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $2.94, for a total transaction of $73,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 31,015 shares of company stock worth $91,805 in the last three months. Insiders own 6.05% of the company’s stock.
A number of large investors have recently bought and sold shares of PES. Citadel Advisors LLC purchased a new position in Pioneer Energy Services during the third quarter worth approximately $188,000. Wells Fargo & Company MN raised its stake in Pioneer Energy Services by 58.4% during the third quarter. Wells Fargo & Company MN now owns 212,175 shares of the oil and gas company’s stock worth $540,000 after purchasing an additional 78,212 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Pioneer Energy Services by 28.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,217,052 shares of the oil and gas company’s stock worth $3,104,000 after purchasing an additional 268,766 shares during the period. Royce & Associates LP raised its stake in Pioneer Energy Services by 16.0% during the third quarter. Royce & Associates LP now owns 410,100 shares of the oil and gas company’s stock worth $1,046,000 after purchasing an additional 56,600 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Pioneer Energy Services by 6.2% during the fourth quarter. Victory Capital Management Inc. now owns 392,979 shares of the oil and gas company’s stock worth $1,199,000 after purchasing an additional 23,079 shares during the period. 73.47% of the stock is currently owned by institutional investors.
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Pioneer Energy Services Company Profile
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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