Analysts at Stephens assumed coverage on shares of Pioneer Energy Services Corp (NYSE:PES) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Pioneer Energy Services Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $8.00 price target on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Pioneer Energy Services Corp in a research note to investors on Wednesday, July 31st. They now have a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.69.
Pioneer Energy Services Corp (NYSE:PES) opened at 8.62 on Tuesday. Pioneer Energy Services Corp has a 1-year low of $5.91 and a 1-year high of $9.91. The stock’s 50-day moving average is $7.5 and its 200-day moving average is $7.26. The company’s market cap is $536.0 million.
Pioneer Energy Services Corp (NYSE:PES) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.06. The company had revenue of $248.40 million for the quarter, compared to the consensus estimate of $233.21 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Pioneer Energy Services Corp will post $-0.10 EPS for the current fiscal year.
Pioneer Energy Services Corp., formerly Pioneer Drilling Company, provides drilling and production services to independent oil and gas exploration and production companies throughout much of the onshore oil and gas producing regions of the United States and internationally in Colombia.
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