Pioneer Energy Services Corp. (NYSE:PES) – Research analysts at Capital One Financial Corporation boosted their Q4 2017 earnings per share (EPS) estimates for shares of Pioneer Energy Services Corp. in a research note issued to investors on Thursday. Capital One Financial Corporation analyst L. Lemoine now expects that the oil and gas company will post earnings of ($0.10) per share for the quarter, up from their prior forecast of ($0.11). Capital One Financial Corporation also issued estimates for Pioneer Energy Services Corp.’s Q2 2018 earnings at ($0.05) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at ($0.04) EPS, FY2018 earnings at ($0.19) EPS and FY2019 earnings at ($0.11) EPS.

A number of other research analysts have also commented on PES. Zacks Investment Research lowered Pioneer Energy Services Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine upgraded Pioneer Energy Services Corp. from a “strong sell” rating to a “sell” rating in a research report on Friday, July 14th. Piper Jaffray Companies reiterated 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 reiterated a “neutral” rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. Finally, Imperial Capital initiated 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 for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.03.

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Pioneer Energy Services Corp. (NYSE:PES) opened at $2.15 on Monday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75. Pioneer Energy Services Corp. has a fifty-two week low of $1.60 and a fifty-two week high of $7.20.

Pioneer Energy Services Corp. (NYSE:PES) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business had revenue of $117.28 million for the quarter, compared to analyst estimates 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%. Pioneer Energy Services Corp.’s revenue for the quarter was up 71.6% on a year-over-year basis. During the same period last year, the business posted ($0.29) earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund boosted its position in Pioneer Energy Services Corp. by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 56,423 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 472 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Pioneer Energy Services Corp. by 114.4% during the 2nd quarter. Victory Capital Management Inc. now owns 363,851 shares of the oil and gas company’s stock valued at $746,000 after buying an additional 194,144 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Pioneer Energy Services Corp. by 49.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 555,766 shares of the oil and gas company’s stock valued at $2,223,000 after buying an additional 183,540 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Pioneer Energy Services Corp. by 93.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock valued at $5,972,000 after buying an additional 1,410,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Pioneer Energy Services Corp. during the 1st quarter valued at about $138,000. Hedge funds and other institutional investors 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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