Several brokerages have updated their recommendations and price targets on shares of Pioneer Energy Services Corp. (NYSE: PES) in the last few weeks:

  • 10/16/2017 – Pioneer Energy Services Corp. was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating.
  • 10/12/2017 – Pioneer Energy Services Corp. was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating.
  • 10/7/2017 – Pioneer Energy Services Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The company’s Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas. “
  • 10/4/2017 – Pioneer Energy Services Corp. is now covered by analysts at Imperial Capital. They set an “in-line” rating and a $3.00 price target on the stock.
  • 10/4/2017 – Pioneer Energy Services Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $3.00 price target on the stock. According to Zacks, “Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The company’s Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas. “
  • 9/1/2017 – Pioneer Energy Services Corp. was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

Pioneer Energy Services Corp. (NYSE:PES) opened at 2.05 on Tuesday. Pioneer Energy Services Corp. has a 52 week low of $1.60 and a 52 week high of $7.20. The stock’s 50 day moving average is $2.20 and its 200 day moving average is $2.51. The stock’s market cap is $158.62 million.

Pioneer Energy Services Corp. (NYSE:PES) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.03). The business had revenue of $107.13 million during the quarter, compared to analyst estimates 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%. The firm’s revenue was up 72.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) EPS. Analysts predict that Pioneer Energy Services Corp. will post ($0.66) EPS for the current year.

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.