Pioneer Energy Services Corp. (NYSE:PES) – Jefferies Group lifted their Q4 2017 earnings per share estimates for shares of Pioneer Energy Services Corp. in a report released on Wednesday. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will earn ($0.12) per share for the quarter, up from their previous estimate of ($0.13). Jefferies Group currently has a “Buy” rating and a $3.00 target price on the stock. Jefferies Group also issued estimates for Pioneer Energy Services Corp.’s FY2018 earnings at ($0.25) EPS, FY2019 earnings at $0.35 EPS and FY2020 earnings at $0.55 EPS.

A number of other research analysts have also commented on PES. ValuEngine upgraded Pioneer Energy Services Corp. from a “strong sell” rating to a “sell” rating in a research report on Friday, July 14th. Zacks Investment Research upgraded Pioneer Energy Services Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Piper Jaffray Companies restated a “buy” rating and issued a $2.75 price target on shares of Pioneer Energy Services Corp. in a research report on Thursday, August 3rd. Seaport Global Securities restated a “neutral” rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. Finally, Imperial Capital started coverage on Pioneer Energy Services Corp. in a research report on Wednesday, October 4th. They issued an “in-line” rating and a $3.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.69.

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Pioneer Energy Services Corp. (NYSE PES) opened at $2.20 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.75 and a debt-to-equity ratio of 1.77. Pioneer Energy Services Corp. has a 12-month low of $1.60 and a 12-month high of $7.20.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). The firm had revenue of $117.28 million during the quarter, compared to the consensus estimate of $114.82 million. Pioneer Energy Services Corp. had a negative net margin of 25.19% and a negative return on equity of 26.46%. The firm’s quarterly revenue was up 71.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.29) earnings per share.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Pioneer Energy Services Corp. by 19.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,549,757 shares of the oil and gas company’s stock worth $26,199,000 after purchasing an additional 1,044,979 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Pioneer Energy Services Corp. by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,797,501 shares of the oil and gas company’s stock worth $7,785,000 after purchasing an additional 134,045 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Pioneer Energy Services Corp. by 67.1% during the third quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock worth $8,774,000 after acquiring an additional 1,382,209 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Pioneer Energy Services Corp. by 93.8% during the second quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock worth $5,972,000 after acquiring an additional 1,410,000 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Pioneer Energy Services Corp. by 390.0% during the second quarter. Balyasny Asset Management LLC now owns 2,088,468 shares of the oil and gas company’s stock worth $4,281,000 after acquiring an additional 1,662,241 shares in the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.

About Pioneer Energy Services Corp.

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.

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

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