Pioneer Energy Services Corp (NYSE:PES) has received a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $3.50.
PES has been the subject of a number of analyst reports. Piper Jaffray Companies set a $2.00 price target on Pioneer Energy Services and gave the stock a “buy” rating in a report on Thursday, December 27th. Capital One Financial cut Pioneer Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Wells Fargo & Co restated a “hold” rating on shares of Pioneer Energy Services in a report on Tuesday, December 11th. Imperial Capital restated an “in-line” rating and issued a $3.00 price target on shares of Pioneer Energy Services in a report on Thursday, January 10th. Finally, B. Riley initiated coverage on Pioneer Energy Services in a report on Tuesday, November 20th. They issued a “neutral” rating and a $3.25 price target for the company.
PES opened at $2.00 on Friday. The company has a market cap of $156.91 million, a P/E ratio of -3.85 and a beta of 3.05. Pioneer Energy Services has a 1 year low of $1.14 and a 1 year high of $6.35. The company has a debt-to-equity ratio of 2.81, a current ratio of 2.05 and a quick ratio of 1.87.
Pioneer Energy Services (NYSE:PES) last posted its earnings results on Tuesday, February 19th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.01. The firm had revenue of $141.51 million during the quarter, compared to the consensus estimate of $141.88 million. Pioneer Energy Services had a negative net margin of 8.31% and a negative return on equity of 22.61%. On average, analysts expect that Pioneer Energy Services will post -0.47 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund purchased a new position in shares of Pioneer Energy Services during the 4th quarter valued at approximately $30,000. FNY Investment Advisers LLC boosted its stake in shares of Pioneer Energy Services by 1,030.5% during the 4th quarter. FNY Investment Advisers LLC now owns 26,046 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 23,742 shares during the last quarter. Mackay Shields LLC purchased a new position in shares of Pioneer Energy Services during the 4th quarter valued at approximately $44,000. Virtu Financial LLC boosted its stake in shares of Pioneer Energy Services by 314.7% during the 4th quarter. Virtu Financial LLC now owns 52,287 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 39,680 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Pioneer Energy Services by 3,121.5% during the 4th quarter. LS Investment Advisors LLC now owns 69,938 shares of the oil and gas company’s stock valued at $86,000 after buying an additional 67,767 shares during the last quarter. Hedge funds and other institutional investors own 73.72% of the company’s stock.
Pioneer Energy Services Company Profile
Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.
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