(NYSE:PES) moving in the near-term. The firm now has $7.50 price target on the stock. DA Davidson began coverage on shares of Pioneer Energy Services Corp.in a research note on Thursday, September 15th. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment.
PES has been the subject of several other research reports. The stock tapped a 52-week high of US$7.2 while the mean 12-month price target for the shares is US$6.42.
Pioneer Energy Services Corp.is now showing -51.2% EPS growth this year. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell. Goldman Sachs Group, Inc.
The 9 analysts offering 12-month price forecasts for Pioneer Energy Services Corp have a median target of 6.00, with a high estimate of 7.50 and a low estimate of 4.00.
According to Zacks, "Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies". Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. There was a stock decrease by -4.55 percent.
Pioneer Energy Services Corp. has a 52 week low of $0.95 and a 52 week high of $7.20. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on Jan 11th after market close. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -2.55% where SMA50 and SMA200 are 19.43% and 58.27% respectively.
Pioneer Energy Services Corp. had a negative net margin of 45.35% and a negative return on equity of 24.83%. (NYSE:PES) last issued its earnings results on Tuesday, November 1st. According to them, the median (average) EPS the company could deliver is -0.3/share. Pioneer Energy Services Corp.'s revenue was down 36.4% on a year-over-year basis. For the past 5 years, the company's revenue has grown 2.1%, while the company's earnings per share has grown -31.3%. On average, equities analysts expect that Pioneer Energy Services Corp. will post ($1.21) earnings per share for the current year. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States and global copyright and trademark law. The correct version of this report can be read at https://sportsperspectives.com/2017/01/11/pioneer-energy-services-corp-pes-stock-rating-upgraded-by-zacks-investment-research/.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PES. Penn Capital Management Co.
TRADEMARK VIOLATION WARNING: "Bank of New York Mellon Corp Has $12,736,000 Stake in Pioneer Energy Services Corp". The latest exchange of 2.63 Million shares is above its average trading activity of 1.33 Million shares. BlackRock Institutional Trust Company N.A. raised its stake in Pioneer Energy Services Corp.by 2.7% in the second quarter. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. JPMorgan Chase & Co. boosted its position in Pioneer Energy Services Corp.by 1.0% in the third quarter. (NYSE:PES) shares now have a mean rating of 2.00 while 3 analysts have recommended the shares as "BUY", 4 commented as "OUTPERFORM" and 5 commented as "HOLD". ClariVest Asset Management LLC bought a new position in Pioneer Energy Services Corp. during the second quarter worth approximately $124,000. BlackRock Fund Advisors boosted its position in Pioneer Energy Services Corp.by 8.4% in the third quarter. BlackRock Inc. now owns 30,795 shares of the company's stock worth $125,000 after buying an additional 10,733 shares during the last quarter.
Pioneer Energy Services Corp. provides drilling services and production services to oil and gas exploration, and production companies throughout onshore oil and gas producing regions of the United States and in Colombia.