Equities analysts forecast that Pioneer Energy Services Corp (NYSE:PES) will announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Pioneer Energy Services’ earnings, with estimates ranging from ($0.16) to ($0.05). Pioneer Energy Services reported earnings of ($0.15) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The firm is scheduled to announce its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Pioneer Energy Services will report full year earnings of ($0.51) per share for the current year, with EPS estimates ranging from ($0.56) to ($0.45). For the next year, analysts forecast that the firm will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.39) to $0.16. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Pioneer Energy Services.

Pioneer Energy Services (NYSE:PES) last released its quarterly earnings data on Tuesday, July 31st. The oil and gas company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.09). Pioneer Energy Services had a negative net margin of 10.88% and a negative return on equity of 21.71%. The business had revenue of $154.78 million during the quarter, compared to analysts’ expectations of $154.84 million.

A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of Pioneer Energy Services from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research lowered shares of Pioneer Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Finally, Jefferies Financial Group lowered shares of Pioneer Energy Services from a “buy” rating to a “hold” rating and set a $6.00 price objective for the company. in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.75.

In other Pioneer Energy Services news, Director C John Thompson sold 10,000 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $3.30, for a total value of $33,000.00. Following the completion of the transaction, the director now directly owns 51,476 shares of the company’s stock, valued at approximately $169,870.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.66% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in Pioneer Energy Services in the 2nd quarter valued at $107,000. Metropolitan Life Insurance Co. NY bought a new position in Pioneer Energy Services in the 2nd quarter valued at $161,000. SG Americas Securities LLC boosted its holdings in Pioneer Energy Services by 123.5% in the 2nd quarter. SG Americas Securities LLC now owns 29,477 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 16,289 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Pioneer Energy Services by 154.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,353 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 18,415 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in Pioneer Energy Services in the 2nd quarter valued at $228,000. 72.28% of the stock is owned by hedge funds and other institutional investors.

Pioneer Energy Services stock traded up $0.02 during mid-day trading on Friday, reaching $3.02. The company’s stock had a trading volume of 8,760 shares, compared to its average volume of 827,623. Pioneer Energy Services has a 12-month low of $1.60 and a 12-month high of $6.35. The firm has a market capitalization of $262.02 million, a price-to-earnings ratio of -4.29 and a beta of 2.90. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.53.

Pioneer Energy Services Company Profile

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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Earnings History and Estimates for Pioneer Energy Services (NYSE:PES)

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