Pioneer Energy Services Corp (PES) Forecasted to Post Q1 2019 Earnings of $0.03 Per Share

Pioneer Energy Services Corp (NYSE:PES) – Investment analysts at Seaport Global Securities issued their Q1 2019 EPS estimates for shares of Pioneer Energy Services Corp in a research report issued on Monday. Seaport Global Securities analyst M. Brown anticipates that the oil and gas company will earn $0.03 per share for the quarter. Seaport Global Securities also issued estimates for Pioneer Energy Services Corp’s FY2019 earnings at $0.24 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Pioneer Energy Services Corp from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Thursday, April 20th. Scotiabank reissued a “hold” rating and set a $7.00 price objective on shares of Pioneer Energy Services Corp in a research report on Wednesday, March 22nd. Jefferies Group LLC reissued a “buy” rating and set a $6.00 price objective on shares of Pioneer Energy Services Corp in a research report on Wednesday, March 22nd. Finally, Capital One Financial Corp. assumed coverage on Pioneer Energy Services Corp in a research report on Monday, February 6th. They set an “overweight” rating and a $8.50 price objective for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.00.

Earnings History and Estimates for Pioneer Energy Services Corp (NYSE:PES)

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Pioneer Energy Services Corp (NYSE:PES) traded down 6.250% during mid-day trading on Wednesday, reaching $2.625. 852,310 shares of the company were exchanged. Pioneer Energy Services Corp has a 1-year low of $2.55 and a 1-year high of $7.20. The stock’s market capitalization is $202.31 million. The stock’s 50-day moving average price is $3.33 and its 200-day moving average price is $4.91.

Pioneer Energy Services Corp (NYSE:PES) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas company reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.02. Pioneer Energy Services Corp had a negative net margin of 45.35% and a negative return on equity of 24.83%. The company had revenue of $95.80 million during the quarter, compared to analyst estimates of $89.09 million. During the same period in the prior year, the firm earned ($0.30) earnings per share. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of the company. Van Den Berg Management I Inc. boosted its stake in shares of Pioneer Energy Services Corp by 104.1% in the first quarter. Van Den Berg Management I Inc. now owns 4,105,301 shares of the oil and gas company’s stock worth $16,421,000 after buying an additional 2,094,010 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Pioneer Energy Services Corp during the first quarter worth $7,571,000. Dimensional Fund Advisors LP boosted its stake in shares of Pioneer Energy Services Corp by 19.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,549,757 shares of the oil and gas company’s stock worth $26,199,000 after buying an additional 1,044,979 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Pioneer Energy Services Corp by 873.9% in the fourth quarter. Teachers Advisors LLC now owns 1,083,044 shares of the oil and gas company’s stock worth $7,419,000 after buying an additional 971,836 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Pioneer Energy Services Corp during the fourth quarter worth $5,397,000. Hedge funds and other institutional investors own 62.40% of the company’s stock.

About Pioneer Energy Services Corp

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.

12 Month Chart for NYSE:PES

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