ISI Group upgraded shares of Pioneer Energy Services Corp (NYSE:PES) from a neutral rating to a buy rating in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports.
Pioneer Energy Services Corp (NYSE:PES) opened at 8.28 on Friday. Pioneer Energy Services Corp has a 52-week low of $5.91 and a 52-week high of $9.91. The stock’s 50-day moving average is $8.06 and its 200-day moving average is $7.34. The company’s market cap is $516.1 million.
Pioneer Energy Services Corp (NYSE:PES) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.00 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.04. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.20 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that Pioneer Energy Services Corp will post $-0.09 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Pioneer Energy Services Corp from an outperform rating to a neutral rating in a research note to investors on Monday, November 4th. They now have a $9.20 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Pioneer Energy Services Corp from $7.50 to $8.50 in a research note to investors on Thursday, October 31st. They now have a hold rating on the stock. Finally, analysts at Wunderlich downgraded shares of Pioneer Energy Services Corp from a hold rating to a sell rating in a research note to investors on Tuesday, October 29th. They now have a $7.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $38.90.
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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