Pioneer Energy Services Corp (PES) Given Average Rating of “Buy” by Analysts

Shares of Pioneer Energy Services Corp (NYSE:PES) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $6.21.

Several research firms have weighed in on PES. Wunderlich upgraded shares of Pioneer Energy Services Corp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $5.00 to $7.00 in a report on Monday, December 12th. Zacks Investment Research upgraded shares of Pioneer Energy Services Corp from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Wednesday, January 11th. Goldman Sachs Group Inc upgraded shares of Pioneer Energy Services Corp from a “neutral” rating to a “buy” rating in a report on Friday, December 16th. Finally, Capital One Financial Corp. assumed coverage on shares of Pioneer Energy Services Corp in a report on Monday, February 6th. They issued an “overweight” rating and a $8.50 target price for the company.

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Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in shares of Pioneer Energy Services Corp by 0.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 508,286 shares of the company’s stock valued at $3,482,000 after buying an additional 4,040 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Pioneer Energy Services Corp by 21.3% in the fourth quarter. AQR Capital Management LLC now owns 209,507 shares of the company’s stock valued at $1,435,000 after buying an additional 36,755 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Pioneer Energy Services Corp during the fourth quarter valued at approximately $352,000. Two Sigma Investments LP increased its stake in shares of Pioneer Energy Services Corp by 810.5% in the fourth quarter. Two Sigma Investments LP now owns 414,489 shares of the company’s stock valued at $2,839,000 after buying an additional 368,964 shares in the last quarter. Finally, GeoSphere Capital Management purchased a new stake in shares of Pioneer Energy Services Corp during the fourth quarter valued at approximately $3,083,000. Institutional investors own 62.40% of the company’s stock.

Shares of Pioneer Energy Services Corp (NYSE:PES) traded down 0.575% on Monday, hitting $4.325. 415,680 shares of the stock were exchanged. Pioneer Energy Services Corp has a 1-year low of $1.88 and a 1-year high of $7.20. The stock’s market cap is $332.94 million. The stock’s 50-day moving average is $5.62 and its 200-day moving average is $5.02.

Pioneer Energy Services Corp (NYSE:PES) last released its quarterly earnings data on Friday, February 17th. The company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.03. Pioneer Energy Services Corp had a negative return on equity of 24.83% and a negative net margin of 45.35%. The business had revenue of $71.50 million for the quarter, compared to analyst estimates of $70.47 million. During the same quarter in the previous year, the company posted ($0.25) EPS. The business’s quarterly revenue was down 31.6% on a year-over-year basis. Analysts forecast that Pioneer Energy Services Corp will post ($0.62) earnings per share for the current year.

Pioneer Energy Services Corp Company Profile

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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