Jefferies Group LLC reaffirmed their buy rating on shares of Pioneer Energy Services Corp. (NYSE:PES) in a report published on Friday morning. Jefferies Group LLC currently has a $3.00 price target on the oil and gas company’s stock. Jefferies Group also issued estimates for Pioneer Energy Services Corp.’s Q4 2017 earnings at ($0.12) EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at $0.35 EPS and FY2020 earnings at $0.55 EPS.

Several other equities research analysts have also recently commented on PES. ValuEngine raised shares of Pioneer Energy Services Corp. from a strong sell rating to a sell rating in a research report on Friday, July 14th. Seaport Global Securities reaffirmed a neutral rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. Imperial Capital assumed coverage on shares of Pioneer Energy Services Corp. in a research report on Wednesday, October 4th. They issued an in-line rating and a $3.00 price objective on the stock. Piper Jaffray Companies reaffirmed a buy rating and issued a $2.75 price objective on shares of Pioneer Energy Services Corp. in a research report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Pioneer Energy Services Corp. from a buy rating to a neutral rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $4.69.

Pioneer Energy Services Corp. (PES) opened at $2.20 on Friday. Pioneer Energy Services Corp. has a 52-week low of $1.60 and a 52-week high of $7.20. The company has a current ratio of 1.75, a quick ratio of 1.61 and a debt-to-equity ratio of 1.77.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The firm had revenue of $117.28 million for the quarter, compared to the consensus estimate of $114.82 million. Pioneer Energy Services Corp. had a negative return on equity of 26.46% and a negative net margin of 25.19%. The company’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.29) earnings per share. analysts expect that Pioneer Energy Services Corp. will post -0.68 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in PES. Parametric Portfolio Associates LLC increased its stake in shares of Pioneer Energy Services Corp. by 38.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 431,695 shares of the oil and gas company’s stock worth $1,727,000 after purchasing an additional 119,542 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Pioneer Energy Services Corp. by 0.7% during the 1st quarter. Prudential Financial Inc. now owns 169,106 shares of the oil and gas company’s stock worth $676,000 after purchasing an additional 1,160 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Pioneer Energy Services Corp. by 45.5% during the 1st quarter. OppenheimerFunds Inc. now owns 47,432 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 14,822 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Pioneer Energy Services Corp. by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,355,689 shares of the oil and gas company’s stock worth $5,423,000 after purchasing an additional 18,809 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Pioneer Energy Services Corp. by 13.1% during the 1st quarter. Teachers Advisors LLC now owns 1,224,825 shares of the oil and gas company’s stock worth $4,899,000 after purchasing an additional 141,781 shares during the last quarter. Institutional investors own 73.85% of the company’s stock.

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.

Analyst Recommendations for Pioneer Energy Services Corp. (NYSE:PES)

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