Pioneer Energy Services (NYSE:PES)‘s stock had its “in-line” rating reissued by investment analysts at Imperial Capital in a research report issued on Thursday. They currently have a $3.00 price target on the oil and gas company’s stock. Imperial Capital’s price objective points to a potential upside of 60.43% from the stock’s current price.

Several other analysts also recently issued reports on PES. Piper Jaffray Companies set a $4.00 price objective on Pioneer Energy Services and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Wells Fargo & Co set a $3.00 target price on Pioneer Energy Services and gave the stock a “hold” rating in a research report on Monday, October 15th. Zacks Investment Research upgraded Pioneer Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. B. Riley started coverage on Pioneer Energy Services in a research report on Tuesday, November 20th. They set a “neutral” rating and a $3.25 target price on the stock. Finally, Simmons reduced their target price on Pioneer Energy Services to $2.25 and set an “overweight” rating on the stock in a research report on Thursday, December 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.61.

Shares of NYSE:PES opened at $1.87 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.97 and a debt-to-equity ratio of 2.60. Pioneer Energy Services has a 52-week low of $1.14 and a 52-week high of $6.35. The firm has a market capitalization of $147.04 million, a PE ratio of -2.67 and a beta of 3.05.

Pioneer Energy Services (NYSE:PES) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. Pioneer Energy Services had a negative return on equity of 19.97% and a negative net margin of 8.19%. The business had revenue of $149.33 million for the quarter, compared to the consensus estimate of $149.27 million. On average, equities analysts anticipate that Pioneer Energy Services will post -0.51 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in PES. Penn Capital Management Co. Inc. acquired a new stake in Pioneer Energy Services during the third quarter worth about $100,000. Jane Street Group LLC acquired a new stake in Pioneer Energy Services during the second quarter worth about $107,000. Metropolitan Life Insurance Co. NY acquired a new stake in Pioneer Energy Services during the second quarter worth about $161,000. SG Americas Securities LLC increased its stake in Pioneer Energy Services by 123.5% during the second quarter. SG Americas Securities LLC now owns 29,477 shares of the oil and gas company’s stock worth $172,000 after acquiring an additional 16,289 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Pioneer Energy Services by 154.3% during the second quarter. Cubist Systematic Strategies LLC now owns 30,353 shares of the oil and gas company’s stock worth $178,000 after acquiring an additional 18,415 shares during the last quarter. Institutional investors own 73.82% of the company’s stock.

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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