Pioneer Southwest Energy Rating Lowered to Sell at UBS AG (PSE)
Pioneer Southwest Energy (NYSE:PSE) was downgraded by equities researchers at UBS AG from a “neutral” rating to a “sell” rating in a research report issued on Thursday, Analyst Ratings Network.com reports.
A number of other firms have also recently commented on PSE. Analysts at RBC Capital raised their price target on shares of Pioneer Southwest Energy from $33.00 to $44.00 in a research note to investors on Wednesday, August 14th. Separately, analysts at Zacks upgraded shares of Pioneer Southwest Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $43.80 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of Pioneer Southwest Energy from $27.00 to $36.00 in a research note to investors on Thursday, August 1st. They now have a “sector outperform” rating on the stock.
One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Pioneer Southwest Energy currently has an average rating of “Buy” and an average target price of $35.36.
Shares of Pioneer Southwest Energy (NYSE:PSE) traded up 0.10% on Thursday, hitting $40.40. 237,975 shares of the company’s stock traded hands. Pioneer Southwest Energy has a 1-year low of $20.63 and a 1-year high of $42.00. The stock’s 50-day moving average is $38.21 and its 200-day moving average is $30.76. The company has a market cap of $1.443 billion and a P/E ratio of 19.07.
Pioneer Southwest Energy (NYSE:PSE) last released its earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.05. The company had revenue of $53.20 million for the quarter, compared to the consensus estimate of $47.54 million. During the same quarter last year, the company posted $0.47 earnings per share. Pioneer Southwest Energy’s revenue was up 24.9% compared to the same quarter last year. Analysts expect that Pioneer Southwest Energy will post $2.12 EPS for the current fiscal year.
Pioneer Southwest Energy Partners L.P. (NYSE:PSE) is a limited partnership formed to own and acquire oil and gas assets in the Partnership’s area of operations.
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