Pioneer Energy Services Corp (NYSE:PES) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $4.00.

PES has been the subject of several recent analyst reports. ValuEngine upgraded Pioneer Energy Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research cut Pioneer Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Piper Jaffray Companies set a $4.00 target price on Pioneer Energy Services and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Imperial Capital set a $3.00 target price on Pioneer Energy Services and gave the stock an “in-line” rating in a research note on Friday, September 28th. Finally, Wells Fargo & Co set a $3.00 target price on Pioneer Energy Services and gave the stock a “hold” rating in a research note on Monday, October 15th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penn Capital Management Co. Inc. bought a new stake in Pioneer Energy Services during the third quarter worth $100,000. Macquarie Group Ltd. lifted its stake in shares of Pioneer Energy Services by 26.4% in the 3rd quarter. Macquarie Group Ltd. now owns 5,779,510 shares of the oil and gas company’s stock valued at $17,050,000 after acquiring an additional 1,208,762 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Pioneer Energy Services by 42.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 211,492 shares of the oil and gas company’s stock valued at $624,000 after acquiring an additional 62,554 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of Pioneer Energy Services by 58.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 61,901 shares of the oil and gas company’s stock valued at $183,000 after acquiring an additional 22,879 shares during the last quarter. Finally, Ibex Investors LLC lifted its stake in shares of Pioneer Energy Services by 19.6% in the 3rd quarter. Ibex Investors LLC now owns 384,363 shares of the oil and gas company’s stock valued at $1,134,000 after acquiring an additional 62,913 shares during the last quarter. Hedge funds and other institutional investors own 74.55% of the company’s stock.

Shares of PES stock traded down $0.01 during trading on Monday, hitting $2.76. The company had a trading volume of 387,000 shares, compared to its average volume of 752,213. The company has a current ratio of 2.16, a quick ratio of 1.97 and a debt-to-equity ratio of 2.60. The stock has a market cap of $216.65 million, a P/E ratio of -3.94 and a beta of 2.58. Pioneer Energy Services has a one year low of $1.90 and a one year high of $6.35.

Pioneer Energy Services (NYSE:PES) last issued its quarterly earnings results on Tuesday, October 30th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.07. The business had revenue of $149.33 million during the quarter, compared to analysts’ expectations of $149.27 million. Pioneer Energy Services had a negative return on equity of 19.97% and a negative net margin of 8.19%. Analysts forecast that Pioneer Energy Services will post -0.52 EPS for the current year.

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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