Pioneer Energy Services Corp (PES) Receives Average Recommendation of “Hold” from Brokerages

Shares of Pioneer Energy Services Corp (NYSE:PES) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.35.

PES has been the subject of several research analyst reports. Wells Fargo & Co lowered shares of Pioneer Energy Services from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Jefferies Group reaffirmed a “buy” rating and set a $3.00 price target on shares of Pioneer Energy Services in a research report on Friday, November 10th. Seaport Global Securities raised shares of Pioneer Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research lowered shares of Pioneer Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, ValuEngine raised shares of Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th.

Several institutional investors have recently added to or reduced their stakes in PES. Schwab Charles Investment Management Inc. increased its position in shares of Pioneer Energy Services by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 948,286 shares of the oil and gas company’s stock worth $1,944,000 after acquiring an additional 24,911 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Pioneer Energy Services by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 942,927 shares of the oil and gas company’s stock worth $1,933,000 after acquiring an additional 28,145 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Pioneer Energy Services by 6.5% in the second quarter. Wells Fargo & Company MN now owns 133,963 shares of the oil and gas company’s stock worth $275,000 after acquiring an additional 8,227 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of 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 acquiring an additional 24,200 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Pioneer Energy Services by 1.5% in the second quarter. Teachers Advisors LLC now owns 1,242,585 shares of the oil and gas company’s stock worth $2,547,000 after acquiring an additional 17,760 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

Pioneer Energy Services (NYSE PES) opened at $2.75 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75. The stock has a market cap of $217.61, a P/E ratio of -2.05 and a beta of 2.92. Pioneer Energy Services has a one year low of $1.60 and a one year high of $6.65.

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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.

Analyst Recommendations for Pioneer Energy Services (NYSE:PES)

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