Pioneer Energy Services Corp. (NYSE:PES) – Equities researchers at Imperial Capital issued their Q3 2017 EPS estimates for Pioneer Energy Services Corp. in a research report issued to clients and investors on Wednesday. Imperial Capital analyst J. Wangler anticipates that the oil and gas company will post earnings per share of ($0.13) for the quarter. Imperial Capital currently has a “In-Line” rating and a $3.00 target price on the stock. Imperial Capital also issued estimates for Pioneer Energy Services Corp.’s Q4 2017 earnings at ($0.11) EPS, FY2017 earnings at ($0.66) EPS and FY2018 earnings at ($0.34) EPS.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $107.13 million during the quarter, compared to the consensus estimate of $105.23 million. During the same quarter last year, the business posted ($0.30) earnings per share. Pioneer Energy Services Corp.’s revenue was up 72.0% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/06/research-analysts-offer-predictions-for-pioneer-energy-services-corp-s-q3-2017-earnings-pes.html.

Several other research firms have also recently issued reports on PES. Zacks Investment Research upgraded Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Wednesday. ValuEngine upgraded Pioneer Energy Services Corp. from a “strong sell” rating to a “sell” rating in a report on Friday, July 14th. Seaport Global Securities reiterated a “neutral” rating on shares of Pioneer Energy Services Corp. in a report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $2.75 target price on shares of Pioneer Energy Services Corp. in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Pioneer Energy Services Corp. has an average rating of “Hold” and a consensus price target of $5.03.

Pioneer Energy Services Corp. (NYSE PES) opened at 2.50 on Friday. The firm’s 50 day moving average is $2.11 and its 200 day moving average is $2.61. The stock’s market capitalization is $193.44 million. Pioneer Energy Services Corp. has a 1-year low of $1.60 and a 1-year high of $7.20.

Several hedge funds and other institutional investors have recently made changes to their positions in PES. Wells Fargo & Company MN increased its position in shares of Pioneer Energy Services Corp. by 15.5% during the first quarter. Wells Fargo & Company MN now owns 125,736 shares of the oil and gas company’s stock worth $503,000 after acquiring an additional 16,865 shares during the last quarter. Comerica Bank increased its position in shares of Pioneer Energy Services Corp. by 4.5% during the first quarter. Comerica Bank now owns 85,152 shares of the oil and gas company’s stock worth $272,000 after acquiring an additional 3,682 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Pioneer Energy Services Corp. by 38.3% during the first quarter. Parametric Portfolio Associates LLC now owns 431,695 shares of the oil and gas company’s stock worth $1,727,000 after acquiring an additional 119,542 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of Pioneer Energy Services Corp. by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 71,995 shares of the oil and gas company’s stock worth $288,000 after acquiring an additional 10,865 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Pioneer Energy Services Corp. by 23.8% during the first quarter. Nordea Investment Management AB now owns 205,100 shares of the oil and gas company’s stock worth $820,000 after acquiring an additional 39,400 shares during the last quarter. 73.95% 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.

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

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