Pioneer Energy Services Corp (NYSE:PES) – Investment analysts at Imperial Capital issued their Q1 2019 earnings per share estimates for shares of Pioneer Energy Services in a research report issued to clients and investors on Wednesday, October 31st. Imperial Capital analyst J. Wangler anticipates that the oil and gas company will post earnings per share of ($0.12) for the quarter. Imperial Capital currently has a “In-Line” rating and a $3.00 target price on the stock. Imperial Capital also issued estimates for Pioneer Energy Services’ Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.05) EPS and Q4 2019 earnings at ($0.06) EPS.
Pioneer Energy Services (NYSE:PES) last announced its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The business had revenue of $149.33 million during the quarter, compared to analyst estimates of $149.27 million. Pioneer Energy Services had a negative return on equity of 19.97% and a negative net margin of 8.19%.
Other analysts have also issued research reports about the company. ValuEngine lowered Pioneer Energy Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Piper Jaffray Companies set a $4.00 target price on Pioneer Energy Services and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Seaport Global Securities reaffirmed a “buy” rating and set a $5.00 target price on shares of Pioneer Energy Services in a research report on Wednesday, August 1st. Zacks Investment Research raised Pioneer Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group lowered Pioneer Energy Services from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research report on Tuesday, July 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.14.
Shares of Pioneer Energy Services stock opened at $3.10 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.16 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $231.51 million, a PE ratio of -4.43 and a beta of 2.93. Pioneer Energy Services has a fifty-two week low of $1.90 and a fifty-two week high of $6.35.
Several institutional investors have recently made changes to their positions in PES. Millennium Management LLC raised its position in shares of Pioneer Energy Services by 4,813.7% during the second quarter. Millennium Management LLC now owns 1,048,083 shares of the oil and gas company’s stock worth $6,131,000 after purchasing an additional 1,026,753 shares during the period. Hennessy Advisors Inc. acquired a new position in Pioneer Energy Services during the third quarter valued at $1,820,000. Renaissance Technologies LLC acquired a new position in Pioneer Energy Services during the second quarter valued at $2,943,000. Macquarie Group Ltd. raised its position in Pioneer Energy Services by 11.4% during the second quarter. Macquarie Group Ltd. now owns 4,570,748 shares of the oil and gas company’s stock valued at $26,739,000 after buying an additional 467,418 shares during the period. Finally, BlackRock Inc. raised its position in Pioneer Energy Services by 3.6% during the first quarter. BlackRock Inc. now owns 10,913,123 shares of the oil and gas company’s stock valued at $29,466,000 after buying an additional 375,824 shares during the period. 75.35% of the stock is currently owned by institutional investors.
In other news, Director C John Thompson sold 15,000 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $3.37, for a total transaction of $50,550.00. Following the sale, the director now directly owns 51,476 shares of the company’s stock, valued at $173,474.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 23,000 shares of company stock worth $78,250 over the last ninety days. 6.05% of the stock is owned by insiders.
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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