Media stories about Pioneer Energy Services Corp (NYSE:PES) have trended positive recently, according to AlphaOne. AlphaOne, a unit of Accern, rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pioneer Energy Services Corp earned a media sentiment score of 0.33 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 93 out of 100, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s scoring:
- Jefferies Group Comments on Pioneer Energy Services Corp’s FY2019 Earnings (PES) (americanbankingnews.com)
- Pioneer Energy Services (PES) Reaches $4.28 After 3.00% Up Move; Nobilis Health (NYSEMKT:HLTH) Sellers … – Key Gazette (kgazette.com)
- Pioneer Energy Services Corp. (NYSE:PES) Vs. Industry Vs. Sector Growth Analysis – The Newburgh Press (newburghpress.com)
- Stock Performance Analysis: Pioneer Energy Services Corp. (PES) – StandardOracle (standardoracle.com)
- Analysts Anticipate Pioneer Energy Services Corp (PES) Will Post Earnings of -$0.22 Per Share (americanbankingnews.com)
Several research firms have recently commented on PES. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 price target on shares of Pioneer Energy Services Corp in a research report on Wednesday, March 22nd. Zacks Investment Research lowered shares of Pioneer Energy Services Corp from a “buy” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group Inc upgraded shares of Pioneer Energy Services Corp from a “neutral” rating to a “buy” rating in a research report on Friday, December 16th. Capital One Financial Corp. began coverage on shares of Pioneer Energy Services Corp in a research note on Monday, February 6th. They set an “overweight” rating and a $8.50 price objective on the stock. Finally, Scotiabank reissued a “hold” rating and set a $7.00 price objective on shares of Pioneer Energy Services Corp in a research note on Wednesday, March 22nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Pioneer Energy Services Corp currently has a consensus rating of “Buy” and an average price target of $6.31.
Shares of Pioneer Energy Services Corp (NYSE:PES) traded down 4.71% during trading on Thursday, hitting $4.05. 524,846 shares of the company traded hands. The stock’s market cap is $311.77 million. Pioneer Energy Services Corp has a one year low of $2.32 and a one year high of $7.20. The firm has a 50 day moving average price of $4.51 and a 200-day moving average price of $5.09.
Pioneer Energy Services Corp (NYSE:PES) last released its quarterly earnings results on Friday, February 17th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by $0.03. Pioneer Energy Services Corp had a negative return on equity of 24.83% and a negative net margin of 45.35%. The company had revenue of $71.50 million for the quarter, compared to the consensus estimate of $70.47 million. During the same quarter last year, the firm posted ($0.25) earnings per share. The firm’s quarterly revenue was down 31.6% compared to the same quarter last year. Analysts predict that Pioneer Energy Services Corp will post ($0.62) EPS for the current year.
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.
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