Zacks: Brokerages Expect Pioneer Energy Services Corp. (NASDAQ:PESX) Will Post Earnings of -$0.23 Per Share

Brokerages expect Pioneer Energy Services Corp. (NASDAQ:PESX) to announce earnings of ($0.23) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Pioneer Energy Services’ earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at ($0.17). Pioneer Energy Services reported earnings of ($0.17) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 35.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, March 3rd.

According to Zacks, analysts expect that Pioneer Energy Services will report full year earnings of ($0.89) per share for the current year, with EPS estimates ranging from ($0.96) to ($0.75). For the next fiscal year, analysts expect that the firm will post earnings of ($0.71) per share, with EPS estimates ranging from ($0.91) to ($0.50). Zacks’ EPS calculations are an average based on a survey of research analysts that cover Pioneer Energy Services.

Separately, Zacks Investment Research lowered Pioneer Energy Services from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st.

Pioneer Energy Services stock remained flat at $$0.03 during mid-day trading on Friday. The company had a trading volume of 126,077 shares, compared to its average volume of 510,266. Pioneer Energy Services has a 52 week low of $0.03 and a 52 week high of $0.18. The company has a 50-day simple moving average of $0.04.

About Pioneer Energy Services

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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