Wall Street brokerages predict that Pioneer Energy Services Corp. (NYSE:PES) will post ($0.14) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pioneer Energy Services Corp.’s earnings, with the lowest EPS estimate coming in at ($0.14) and the highest estimate coming in at ($0.13). Pioneer Energy Services Corp. reported earnings of ($0.29) per share in the same quarter last year, which would indicate a positive year over year growth rate of 51.7%. The company is expected to announce its next earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Pioneer Energy Services Corp. will report full year earnings of ($0.66) per share for the current financial year, with EPS estimates ranging from ($0.68) to ($0.65). For the next year, analysts expect that the company will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.43) to ($0.15). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Pioneer Energy Services Corp..

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.03. Pioneer Energy Services Corp. had a negative net margin of 33.86% and a negative return on equity of 28.63%. The business had revenue of $107.13 million during the quarter, compared to analysts’ expectations of $105.23 million. During the same period last year, the company posted ($0.30) EPS. Pioneer Energy Services Corp.’s revenue for the quarter was up 72.0% on a year-over-year basis.

PES has been the topic of several research reports. Zacks Investment Research cut shares of Pioneer Energy Services Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Deutsche Bank AG restated a “hold” rating and issued a $6.00 price target (down previously from $7.00) on shares of Pioneer Energy Services Corp. in a research report on Tuesday, May 30th. ValuEngine cut shares of Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 8th. 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. Finally, Seaport Global Securities restated a “neutral” rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Pioneer Energy Services Corp. currently has a consensus rating of “Hold” and a consensus target price of $5.19.

In other news, CEO Stacy Locke acquired 25,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were acquired at an average price of $2.74 per share, for a total transaction of $68,500.00. Following the completion of the transaction, the chief executive officer now directly owns 961,267 shares of the company’s stock, valued at approximately $2,633,871.58. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van Den Berg Management I Inc. boosted its position in Pioneer Energy Services Corp. by 104.1% in the first quarter. Van Den Berg Management I Inc. now owns 4,105,301 shares of the oil and gas company’s stock worth $16,421,000 after buying an additional 2,094,010 shares during the period. Point72 Asset Management L.P. purchased a new position in Pioneer Energy Services Corp. during the first quarter worth $7,571,000. Dimensional Fund Advisors LP boosted its position in Pioneer Energy Services Corp. by 19.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,549,757 shares of the oil and gas company’s stock worth $26,199,000 after buying an additional 1,044,979 shares during the period. Teachers Advisors LLC boosted its position 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 worth $7,419,000 after buying an additional 971,836 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in Pioneer Energy Services Corp. during the fourth quarter worth $5,397,000. Institutional investors and hedge funds own 80.27% of the company’s stock.

Shares of Pioneer Energy Services Corp. (NYSE PES) opened at 2.25 on Monday. Pioneer Energy Services Corp. has a 52 week low of $1.70 and a 52 week high of $7.20. The stock has a 50 day moving average of $2.14 and a 200-day moving average of $3.75. The stock’s market cap is $174.10 million.

COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/07/0-14-earnings-per-share-expected-for-pioneer-energy-services-corp-pes-this-quarter.html.

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.

Get a free copy of the Zacks research report on Pioneer Energy Services Corp. (PES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.