Wall Street brokerages expect that Pioneer Energy Services Corp (NYSE:PES) will post $145.40 million in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Pioneer Energy Services’ earnings. The lowest sales estimate is $142.00 million and the highest is $149.90 million. Pioneer Energy Services reported sales of $126.29 million during the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The firm is scheduled to issue its next quarterly earnings results on Friday, February 15th.
According to Zacks, analysts expect that Pioneer Energy Services will report full year sales of $594.37 million for the current financial year, with estimates ranging from $590.60 million to $602.90 million. For the next fiscal year, analysts expect that the firm will report sales of $653.83 million, with estimates ranging from $637.89 million to $665.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Pioneer Energy Services.
Pioneer Energy Services (NYSE:PES) last posted its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.07. Pioneer Energy Services had a negative net margin of 8.19% and a negative return on equity of 19.97%. The company had revenue of $149.33 million for the quarter, compared to the consensus estimate of $149.27 million.
Several research firms have recently issued reports on PES. Stifel Nicolaus began coverage on shares of Pioneer Energy Services in a report on Monday, September 10th. They set a “hold” rating and a $3.00 price objective on the stock. Wells Fargo & Co set a $3.00 price objective on shares of Pioneer Energy Services and gave the stock a “hold” rating in a report on Monday, October 15th. Imperial Capital set a $3.00 target price on shares of Pioneer Energy Services and gave the company an “in-line” rating in a research note on Friday, September 28th. Zacks Investment Research raised shares of Pioneer Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Piper Jaffray Companies set a $4.00 target price on shares of Pioneer Energy Services and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.03.
NYSE:PES opened at $2.17 on Friday. Pioneer Energy Services has a 52-week low of $2.03 and a 52-week high of $6.35. The company has a current ratio of 2.16, a quick ratio of 1.97 and a debt-to-equity ratio of 2.60. The stock has a market cap of $186.15 million, a PE ratio of -3.10 and a beta of 2.62.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Pioneer Energy Services by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,371,587 shares of the oil and gas company’s stock valued at $3,703,000 after acquiring an additional 11,808 shares during the period. SG Americas Securities LLC grew its stake in Pioneer Energy Services by 123.5% during the second quarter. SG Americas Securities LLC now owns 29,477 shares of the oil and gas company’s stock worth $172,000 after buying an additional 16,289 shares during the last quarter. Jane Street Group LLC bought a new stake in Pioneer Energy Services during the second quarter worth about $107,000. Cubist Systematic Strategies LLC grew its stake in Pioneer Energy Services by 154.3% during the second quarter. Cubist Systematic Strategies LLC now owns 30,353 shares of the oil and gas company’s stock worth $178,000 after buying an additional 18,415 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its stake in Pioneer Energy Services by 54.0% during the second quarter. ClariVest Asset Management LLC now owns 52,641 shares of the oil and gas company’s stock worth $308,000 after buying an additional 18,448 shares during the last quarter. 73.85% of the stock is currently owned by institutional investors and hedge funds.
Pioneer Energy Services Company Profile
Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The company offers contract land drilling services in the Marcellus/Utica, Eagle Ford, Permian Basin, and Bakken regions, as well as in Colombia.
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