Wall Street brokerages forecast that Pioneer Energy Services Corp (NYSE:PES) will report earnings of ($0.16) per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Pioneer Energy Services’ earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.14). Pioneer Energy Services posted earnings of ($0.14) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.3%. The business is scheduled to announce its next quarterly earnings results on Friday, February 15th.

On average, analysts expect that Pioneer Energy Services will report full-year earnings of ($0.50) per share for the current year, with EPS estimates ranging from ($0.52) to ($0.49). For the next year, analysts expect that the business will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.46) to ($0.13). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Pioneer Energy Services.

Pioneer Energy Services (NYSE:PES) last posted its earnings results on Tuesday, October 30th. The oil and gas company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. The company had revenue of $149.33 million during the quarter, compared to the consensus estimate of $149.27 million. Pioneer Energy Services had a negative net margin of 8.19% and a negative return on equity of 19.97%.

Several research firms recently issued reports on PES. Piper Jaffray Companies set a $4.00 price objective on shares of Pioneer Energy Services and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Wells Fargo & Co set a $3.00 price objective on shares of Pioneer Energy Services and gave the stock a “hold” rating in a report on Monday, October 15th. B. Riley began coverage on shares of Pioneer Energy Services in a report on Tuesday, November 20th. They set a “neutral” rating and a $3.25 price objective for the company. Imperial Capital set a $3.00 price objective on shares of Pioneer Energy Services and gave the stock an “in-line” rating in a report on Friday, September 28th. Finally, Zacks Investment Research raised shares of Pioneer Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.03.

A number of institutional investors have recently modified their holdings of PES. Principal Financial Group Inc. boosted its holdings in Pioneer Energy Services by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,371,587 shares of the oil and gas company’s stock valued at $3,703,000 after purchasing an additional 11,808 shares during the period. Acadian Asset Management LLC bought a new stake in Pioneer Energy Services in the 2nd quarter valued at $1,341,000. Algert Global LLC bought a new stake in Pioneer Energy Services in the 2nd quarter valued at $504,000. Engineers Gate Manager LP bought a new stake in Pioneer Energy Services in the 2nd quarter valued at $685,000. Finally, EAM Investors LLC bought a new stake in Pioneer Energy Services in the 2nd quarter valued at $2,008,000. 73.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE PES traded down $0.19 during trading hours on Thursday, hitting $2.19. 664,293 shares of the stock were exchanged, compared to its average volume of 740,094. The company has a current ratio of 2.16, a quick ratio of 1.97 and a debt-to-equity ratio of 2.60. The company has a market cap of $186.15 million, a P/E ratio of -3.13 and a beta of 2.62. Pioneer Energy Services has a one year low of $2.00 and a one year high of $6.35.

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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Earnings History and Estimates for Pioneer Energy Services (NYSE:PES)

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