Pioneer Energy Services Corp. (NYSE:PES) has earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.66.

Several analysts recently commented on PES shares. Zacks Investment Research raised Pioneer Energy Services Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Wells Fargo & Company lowered Pioneer Energy Services Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. ValuEngine lowered Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Goldman Sachs Group, Inc. (The) lowered Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $2.75 target price on shares of Pioneer Energy Services Corp. in a report on Thursday, August 3rd.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings 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 valued at $26,199,000 after purchasing an additional 1,044,979 shares during the period. Vanguard Group Inc. boosted its stake in shares of Pioneer Energy Services Corp. by 3.7% in the second quarter. Vanguard Group Inc. now owns 3,797,501 shares of the oil and gas company’s stock worth $7,785,000 after acquiring an additional 134,045 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Pioneer Energy Services Corp. by 93.8% in the second quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock worth $5,972,000 after acquiring an additional 1,410,000 shares during the last quarter. Balyasny Asset Management LLC boosted its stake in shares of Pioneer Energy Services Corp. by 390.0% in the second quarter. Balyasny Asset Management LLC now owns 2,088,468 shares of the oil and gas company’s stock worth $4,281,000 after acquiring an additional 1,662,241 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Pioneer Energy Services Corp. by 76.0% in the second quarter. Macquarie Group Ltd. now owns 2,058,478 shares of the oil and gas company’s stock worth $4,220,000 after acquiring an additional 889,179 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/02/pioneer-energy-services-corp-pes-receives-average-rating-of-hold-from-brokerages.html.

Pioneer Energy Services Corp. (NYSE:PES) last posted its earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $117.28 million for the quarter, compared to analyst estimates of $114.82 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 71.6% on a year-over-year basis. During the same period last year, the business earned ($0.29) earnings per share.

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.

Analyst Recommendations 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.