Pioneer Energy Services Corp (NYSE:PES) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $4.86.

A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, January 10th. ValuEngine upgraded shares of Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 4th. Seaport Global Securities upgraded shares of Pioneer Energy Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Jefferies Group reiterated a “buy” rating and set a $3.00 price objective on shares of Pioneer Energy Services in a research note on Friday, November 10th. Finally, Wells Fargo & Co lowered shares of Pioneer Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th.

Shares of Pioneer Energy Services (NYSE PES) opened at $4.00 on Tuesday. The firm has a market capitalization of $310.88, a P/E ratio of -2.99 and a beta of 2.92. The company has a current ratio of 1.75, a quick ratio of 1.61 and a debt-to-equity ratio of 1.77. Pioneer Energy Services has a twelve month low of $1.60 and a twelve month high of $6.65.

Pioneer Energy Services (NYSE:PES) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $117.28 million for the quarter, compared to the consensus estimate of $114.82 million. During the same period last year, the firm posted ($0.29) EPS. The business’s quarterly revenue was up 71.6% on a year-over-year basis. sell-side analysts forecast that Pioneer Energy Services will post -0.68 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. grew its position in Pioneer Energy Services by 230.7% in the second quarter. Citigroup Inc. now owns 63,848 shares of the oil and gas company’s stock worth $131,000 after buying an additional 44,541 shares during the last quarter. BlueCrest Capital Management Ltd grew its position in Pioneer Energy Services by 532.0% in the second quarter. BlueCrest Capital Management Ltd now owns 76,328 shares of the oil and gas company’s stock worth $156,000 after buying an additional 64,251 shares during the last quarter. Citadel Advisors LLC acquired a new position in Pioneer Energy Services in the third quarter worth approximately $188,000. Alliancebernstein L.P. grew its position in Pioneer Energy Services by 35.2% in the second 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. Finally, Federated Investors Inc. PA grew its position in Pioneer Energy Services by 46.3% in the second quarter. Federated Investors Inc. PA now owns 128,974 shares of the oil and gas company’s stock worth $264,000 after buying an additional 40,816 shares during the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Pioneer Energy Services Corp (PES) Receives Consensus Recommendation of “Hold” from Brokerages” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/16/pioneer-energy-services-corp-pes-receives-consensus-recommendation-of-hold-from-brokerages.html.

About Pioneer Energy Services

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 (NYSE:PES)

Receive News & Ratings for Pioneer Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.