Shares of Pioneer Energy Services Corp (NYSE:PES) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $3.50.

A number of brokerages have recently commented on PES. Capital One Financial lowered Pioneer Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Imperial Capital reaffirmed an “in-line” rating and set a $3.00 target price on shares of Pioneer Energy Services in a research note on Thursday, January 10th. ValuEngine cut Pioneer Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Piper Jaffray Companies set a $2.00 target price on Pioneer Energy Services and gave the company a “buy” rating in a research note on Thursday, December 27th. Finally, Simmons decreased their target price on Pioneer Energy Services to $2.25 and set an “overweight” rating for the company in a research note on Thursday, December 27th.

A number of hedge funds have recently made changes to their positions in PES. Oregon Public Employees Retirement Fund bought a new position in Pioneer Energy Services during the fourth quarter valued at about $30,000. FNY Investment Advisers LLC boosted its stake in Pioneer Energy Services by 1,030.5% during the fourth quarter. FNY Investment Advisers LLC now owns 26,046 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 23,742 shares in the last quarter. Mackay Shields LLC bought a new position in Pioneer Energy Services during the fourth quarter valued at about $44,000. Virtu Financial LLC boosted its stake in Pioneer Energy Services by 314.7% during the fourth quarter. Virtu Financial LLC now owns 52,287 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 39,680 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Pioneer Energy Services by 3,121.5% in the 4th quarter. LS Investment Advisors LLC now owns 69,938 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 67,767 shares during the period. 73.72% of the stock is owned by institutional investors and hedge funds.

Shares of PES opened at $2.00 on Friday. The firm has a market cap of $156.91 million, a PE ratio of -3.85 and a beta of 3.05. The company has a current ratio of 2.05, a quick ratio of 1.87 and a debt-to-equity ratio of 2.81. Pioneer Energy Services has a one year low of $1.14 and a one year high of $6.35.

Pioneer Energy Services (NYSE:PES) last issued its quarterly earnings results on Tuesday, February 19th. The oil and gas company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. The company had revenue of $141.51 million for the quarter, compared to analyst estimates of $141.88 million. Pioneer Energy Services had a negative return on equity of 22.61% and a negative net margin of 8.31%. Sell-side analysts anticipate that Pioneer Energy Services will post -0.47 EPS for the current year.

About Pioneer Energy Services

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.

Featured Story: Bollinger Bands

Analyst Recommendations for Pioneer Energy Services (NYSE:PES)

Receive News & Ratings for Pioneer Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.