Analysts expect Pioneer Energy Services Corp. (NYSE:PES) to announce $113.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pioneer Energy Services Corp.’s earnings, with the highest sales estimate coming in at $115.10 million and the lowest estimate coming in at $110.60 million. Pioneer Energy Services Corp. reported sales of $68.35 million in the same quarter last year, which indicates a positive year-over-year growth rate of 65.7%. The company is scheduled to report its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Pioneer Energy Services Corp. will report full year sales of $113.27 million for the current fiscal year, with estimates ranging from $410.10 million to $443.90 million. For the next financial year, analysts anticipate that the firm will report sales of $535.50 million per share, with estimates ranging from $509.80 million to $552.00 million. Zacks Investment Research’s sales calculations are an 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 issued its earnings results on Tuesday, August 1st. The oil and gas company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The firm had revenue of $107.13 million during the quarter, compared to analyst estimates of $105.23 million. Pioneer Energy Services Corp. had a negative net margin of 33.86% and a negative return on equity of 28.63%. Pioneer Energy Services Corp.’s quarterly revenue was up 72.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.30) earnings per share.

A number of equities research analysts recently weighed in on PES shares. ValuEngine raised shares of Pioneer Energy Services Corp. from a “strong sell” rating to a “sell” rating in a research note on Friday, July 14th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Pioneer Energy Services Corp. in a research note on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $2.75 target price on shares of Pioneer Energy Services Corp. in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $6.00 target price (down from $7.00) on shares of Pioneer Energy Services Corp. in a research note on Tuesday, May 30th. Finally, Zacks Investment Research downgraded shares of Pioneer Energy Services Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Pioneer Energy Services Corp. currently has a consensus rating of “Hold” and an average price target of $5.19.

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Shares of Pioneer Energy Services Corp. (PES) traded down 1.163% during midday trading on Friday, hitting $2.125. 187,462 shares of the company traded hands. The stock’s market capitalization is $164.42 million. The stock has a 50 day moving average of $1.97 and a 200-day moving average of $2.87. Pioneer Energy Services Corp. has a 52 week low of $1.60 and a 52 week high of $7.20.

Institutional investors have recently modified their holdings of the company. Texas Permanent School Fund grew its holdings in shares of Pioneer Energy Services Corp. by 0.8% in the second quarter. Texas Permanent School Fund now owns 56,423 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 472 shares during the last quarter. AXA bought a new stake in Pioneer Energy Services Corp. in the first quarter valued at $118,000. Louisiana State Employees Retirement System boosted its holdings 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 acquiring an additional 5,500 shares in the last quarter. Citigroup Inc. boosted its holdings in Pioneer Energy Services Corp. by 230.7% in the second quarter. Citigroup Inc. now owns 63,848 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 44,541 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Pioneer Energy Services Corp. in the first quarter valued at $138,000. Hedge funds and other institutional investors own 73.95% 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.

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

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