Pioneer Energy Services Corp. (NYSE:PES)‘s stock had its “neutral” rating reiterated by equities researchers at Seaport Global Securities in a report issued on Wednesday. Seaport Global Securities also issued estimates for Pioneer Energy Services Corp.’s Q3 2017 earnings at ($0.14) EPS, Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.65) EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at ($0.04) EPS, FY2018 earnings at ($0.25) EPS, Q1 2019 earnings at ($0.03) EPS, Q2 2019 earnings at ($0.01) EPS and FY2019 earnings at ($0.04) EPS.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Pioneer Energy Services Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Deutsche Bank AG reaffirmed a “hold” rating and set a $6.00 price objective (down from $7.00) on shares of Pioneer Energy Services Corp. in a research note on Tuesday, May 30th. ValuEngine cut shares of Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 8th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $2.75 price objective on shares of Pioneer Energy Services Corp. in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.19.
Pioneer Energy Services Corp. (NYSE:PES) opened at 2.25 on Wednesday. The firm’s market capitalization is $174.10 million. Pioneer Energy Services Corp. has a 12 month low of $1.70 and a 12 month high of $7.20. The stock’s 50 day moving average price is $2.14 and its 200 day moving average price is $3.75.
Pioneer Energy Services Corp. (NYSE:PES) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. The firm had revenue of $107.13 million for the quarter, compared to the consensus estimate of $105.23 million. Pioneer Energy Services Corp. had a negative return on equity of 28.63% and a negative net margin of 33.86%. Pioneer Energy Services Corp.’s quarterly revenue was up 72.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.30) earnings per share. On average, analysts forecast that Pioneer Energy Services Corp. will post ($0.66) earnings per share for the current year.
WARNING: This article was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/05/pioneer-energy-services-corp-s-pes-neutral-rating-reiterated-at-seaport-global-securities.html.
In related news, CEO Stacy Locke purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were acquired at an average cost of $2.74 per share, with a total value of $68,500.00. Following the completion of the purchase, the chief executive officer now directly owns 961,267 shares of the company’s stock, valued at $2,633,871.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.05% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in PES. State Street Corp boosted its stake in Pioneer Energy Services Corp. by 9.9% in the fourth quarter. State Street Corp now owns 1,701,406 shares of the oil and gas company’s stock valued at $11,652,000 after buying an additional 153,557 shares during the period. AQR Capital Management LLC boosted its stake in Pioneer Energy Services Corp. by 21.3% in the fourth quarter. AQR Capital Management LLC now owns 209,507 shares of the oil and gas company’s stock valued at $1,435,000 after buying an additional 36,755 shares during the period. Teachers Advisors LLC boosted its stake in Pioneer Energy Services Corp. by 873.9% in the fourth quarter. Teachers Advisors LLC now owns 1,083,044 shares of the oil and gas company’s stock valued at $7,419,000 after buying an additional 971,836 shares during the period. Macquarie Group Ltd. bought a new stake in Pioneer Energy Services Corp. during the fourth quarter valued at approximately $5,397,000. Finally, Louisiana State Employees Retirement System boosted its stake in Pioneer Energy Services Corp. by 21.2% in the first quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 5,500 shares during the period. 80.73% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Pioneer Energy Services Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Energy Services Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
