Pioneer Energy Services (NYSE:PES) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

PES has been the subject of a number of other reports. Wells Fargo & Co lowered Pioneer Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Zacks Investment Research raised Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Wednesday, October 4th. Imperial Capital assumed coverage on Pioneer Energy Services in a research note on Wednesday, October 4th. They set an “in-line” rating and a $3.00 price target for the company. Goldman Sachs Group downgraded Pioneer Energy Services from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Finally, Jefferies Group restated a “buy” rating and set a $3.00 price objective on shares of Pioneer Energy Services in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $4.41.

Pioneer Energy Services (NYSE PES) traded up $0.45 during trading hours on Thursday, hitting $3.80. The stock had a trading volume of 1,984,547 shares, compared to its average volume of 1,659,200. The company has a market cap of $248.70, a price-to-earnings ratio of -2.84 and a beta of 2.92. Pioneer Energy Services has a 1-year low of $1.60 and a 1-year high of $7.20. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.75 and a quick ratio of 1.61.

Pioneer Energy Services (NYSE:PES) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Pioneer Energy Services had a negative net margin of 25.19% and a negative return on equity of 26.46%. The company had revenue of $117.28 million during the quarter, compared to the consensus estimate of $114.82 million. During the same period in the previous year, the business earned ($0.29) earnings per share. Pioneer Energy Services’s revenue for the quarter was up 71.6% on a year-over-year basis. analysts expect that Pioneer Energy Services will post -0.68 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of Pioneer Energy Services by 6.5% in the 2nd quarter. Wells Fargo & Company MN now owns 133,963 shares of the oil and gas company’s stock valued at $275,000 after acquiring an additional 8,227 shares during the period. Legal & General Group Plc increased its holdings in shares of Pioneer Energy Services by 9.2% in the 2nd quarter. Legal & General Group Plc now owns 137,528 shares of the oil and gas company’s stock valued at $282,000 after acquiring an additional 11,562 shares during the period. Teachers Advisors LLC grew its stake in Pioneer Energy Services by 1.5% during the 2nd quarter. Teachers Advisors LLC now owns 1,242,585 shares of the oil and gas company’s stock worth $2,547,000 after buying an additional 17,760 shares during the last quarter. Principal Financial Group Inc. grew its stake in Pioneer Energy Services by 1.7% during the 2nd quarter. Principal Financial Group Inc. now owns 1,378,982 shares of the oil and gas company’s stock worth $2,827,000 after buying an additional 23,293 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Pioneer Energy Services by 35.2% during the 2nd quarter. Alliancebernstein L.P. now owns 92,952 shares of the oil and gas company’s stock worth $191,000 after buying an additional 24,200 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

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Pioneer Energy Services Company Profile

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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Analyst Recommendations for Pioneer Energy Services (NYSE:PES)

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