Pioneer Energy Services Corp. (NYSE:PES)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a research report issued on Friday. They currently have a $3.00 price objective on the oil and gas company’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 36.36% from the company’s previous close. Jefferies Group also issued estimates for Pioneer Energy Services Corp.’s Q4 2017 earnings at ($0.12) EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.04) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at $0.35 EPS and FY2020 earnings at $0.55 EPS.

Several other equities research analysts also recently issued reports on PES. ValuEngine raised Pioneer Energy Services Corp. from a “strong sell” rating to a “sell” rating in a research report on Friday, July 14th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. Imperial Capital began coverage on Pioneer Energy Services Corp. in a research report on Wednesday, October 4th. They issued an “in-line” rating and a $3.00 price target on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $2.75 price target on shares of Pioneer Energy Services Corp. in a research report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) downgraded Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.69.

Shares of Pioneer Energy Services Corp. (PES) traded up $0.05 during trading hours on Friday, hitting $2.20. The stock had a trading volume of 330,784 shares, compared to its average volume of 994,705. Pioneer Energy Services Corp. has a 12 month low of $1.60 and a 12 month high of $7.20. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75.

Pioneer Energy Services Corp. (NYSE:PES) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). The business had revenue of $117.28 million during the quarter, compared to analyst estimates of $114.82 million. Pioneer Energy Services Corp. had a negative net margin of 25.19% and a negative return on equity of 26.46%. The company’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.29) earnings per share. sell-side analysts predict that Pioneer Energy Services Corp. will post -0.67 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Pioneer Energy Services Corp. (PES) Given “Buy” Rating at Jefferies Group LLC” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.dailypolitical.com/2017/11/10/pioneer-energy-services-corp-pes-given-buy-rating-at-jefferies-group-llc.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. lifted its stake in shares of Pioneer Energy Services Corp. by 45.5% in the first quarter. OppenheimerFunds Inc. now owns 47,432 shares of the oil and gas company’s stock valued at $190,000 after buying an additional 14,822 shares during the period. Texas Permanent School Fund lifted its stake in shares of Pioneer Energy Services Corp. by 0.8% in the second quarter. Texas Permanent School Fund now owns 56,423 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 472 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Pioneer Energy Services Corp. by 10.0% in the first quarter. Tudor Investment Corp ET AL now owns 56,555 shares of the oil and gas company’s stock valued at $226,000 after buying an additional 5,123 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in Pioneer Energy Services Corp. by 9.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 59,160 shares of the oil and gas company’s stock worth $237,000 after purchasing an additional 5,206 shares during the period. Finally, Citigroup Inc. lifted its stake in Pioneer Energy Services Corp. by 230.7% during the second quarter. Citigroup Inc. now owns 63,848 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 44,541 shares during the period. Institutional investors and hedge funds own 73.98% 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.

Analyst Recommendations for Pioneer Energy Services Corp. (NYSE:PES)

Receive News & Ratings for Pioneer Energy Services Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Energy Services Corp. and related companies with MarketBeat.com's FREE daily email newsletter.