Brokerages forecast that Pioneer Energy Services Corp (NYSE:PES) will post earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Pioneer Energy Services’ earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at ($0.09). Pioneer Energy Services posted earnings of ($0.34) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 67.6%. The firm is scheduled to report its next earnings report before the market opens on Friday, February 16th.

According to Zacks, analysts expect that Pioneer Energy Services will report full year earnings of ($0.68) per share for the current year, with EPS estimates ranging from ($0.73) to ($0.65). For the next year, analysts forecast that the firm will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.44) to ($0.15). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Pioneer Energy Services.

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

A number of research firms have weighed in on PES. Imperial Capital began coverage on shares of Pioneer Energy Services in a research report on Wednesday, October 4th. They set an “in-line” rating and a $3.00 price objective on the stock. Zacks Investment Research upgraded shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Wednesday, October 4th. Goldman Sachs Group cut shares of Pioneer Energy Services from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Wells Fargo & Co cut shares of Pioneer Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Finally, Jefferies Group reiterated a “buy” rating and set a $3.00 price objective on shares of Pioneer Energy Services in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Pioneer Energy Services currently has an average rating of “Hold” and a consensus target price of $4.53.

Shares of Pioneer Energy Services (NYSE:PES) traded up $0.15 on Thursday, reaching $3.80. 1,073,000 shares of the company traded hands, compared to its average volume of 1,332,027. Pioneer Energy Services has a 12 month low of $1.60 and a 12 month high of $6.65. The company has a market capitalization of $295.33, a PE ratio of -2.84 and a beta of 2.92. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.75 and a quick ratio of 1.61.

Several institutional investors and hedge funds have recently modified their holdings of the company. Van Den Berg Management I Inc. boosted its stake in shares of Pioneer Energy Services by 3.0% during the third quarter. Van Den Berg Management I Inc. now owns 6,918,334 shares of the oil and gas company’s stock valued at $17,642,000 after purchasing an additional 204,335 shares during the period. Vanguard Group Inc. boosted its stake in shares of Pioneer Energy Services by 3.7% during the second quarter. Vanguard Group Inc. now owns 3,797,501 shares of the oil and gas company’s stock valued at $7,785,000 after purchasing an additional 134,045 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Pioneer Energy Services by 67.1% during the third quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock valued at $8,774,000 after purchasing an additional 1,382,209 shares during the period. Franklin Resources Inc. boosted its stake in shares of Pioneer Energy Services by 93.8% during the second quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock valued at $5,972,000 after purchasing an additional 1,410,000 shares during the period. Finally, Balyasny Asset Management LLC boosted its stake in shares of Pioneer Energy Services by 390.0% during the second quarter. Balyasny Asset Management LLC now owns 2,088,468 shares of the oil and gas company’s stock valued at $4,281,000 after purchasing an additional 1,662,241 shares during the period. 73.57% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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