Imperial Capital Reiterates In-Line Rating for Pioneer Energy Services (PES)

Imperial Capital reaffirmed their in-line rating on shares of Pioneer Energy Services (NYSE:PES) in a research report report published on Thursday morning. They currently have a $3.00 price target on the oil and gas company’s stock.

Several other brokerages have also issued reports on PES. Wells Fargo & Co set a $3.00 price objective on Pioneer Energy Services and gave the company a hold rating in a research report on Monday, October 15th. Zacks Investment Research upgraded Pioneer Energy Services from a sell rating to a hold rating in a research report on Thursday, November 1st. Piper Jaffray Companies set a $4.00 price objective on Pioneer Energy Services and gave the company a buy rating in a research report on Wednesday, October 3rd. B. Riley began coverage on Pioneer Energy Services in a research report on Tuesday, November 20th. They issued a neutral rating and a $3.25 price objective for the company. Finally, ValuEngine lowered Pioneer Energy Services from a hold rating to a sell rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $3.61.

Pioneer Energy Services stock opened at $1.87 on Thursday. The stock has a market cap of $147.04 million, a PE ratio of -2.67 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 2.60, a current ratio of 2.16 and a quick ratio of 1.97.

Pioneer Energy Services (NYSE:PES) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. Pioneer Energy Services had a negative return on equity of 19.97% and a negative net margin of 8.19%. The business had revenue of $149.33 million during the quarter, compared to analyst estimates of $149.27 million. Equities analysts forecast that Pioneer Energy Services will post -0.51 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PES. Penn Capital Management Co. Inc. bought a new stake in Pioneer Energy Services in the 3rd quarter valued at approximately $100,000. Jane Street Group LLC bought a new stake in Pioneer Energy Services in the 2nd quarter valued at approximately $107,000. Metropolitan Life Insurance Co. NY bought a new stake in Pioneer Energy Services in the 2nd quarter valued at approximately $161,000. SG Americas Securities LLC lifted its stake in Pioneer Energy Services by 123.5% in the 2nd quarter. SG Americas Securities LLC now owns 29,477 shares of the oil and gas company’s stock valued at $172,000 after acquiring an additional 16,289 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Pioneer Energy Services by 154.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,353 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 18,415 shares in the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.

About Pioneer Energy Services

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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Analyst Recommendations for Pioneer Energy Services (NYSE:PES)

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