Pioneer Energy Services Corp. (PES) Releases Earnings Results, Misses Estimates By $0.01 EPS

Pioneer Energy Services Corp. (NYSE:PES) issued its quarterly earnings results on Thursday. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01), Bloomberg Earnings reports. The business had revenue of $117.28 million for the quarter, compared to analysts’ expectations of $114.82 million. Pioneer Energy Services Corp. had a negative net margin of 25.19% and a negative return on equity of 26.46%. The business’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.29) EPS.

Shares of Pioneer Energy Services Corp. (NYSE:PES) opened at $2.15 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.55 and a debt-to-equity ratio of 1.77.

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A number of analysts recently issued reports on PES shares. Zacks Investment Research cut Pioneer Energy Services Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine raised Pioneer Energy Services Corp. from a “strong sell” rating to a “sell” rating in a research report on Friday, July 14th. Piper Jaffray Companies reissued a “buy” rating and set a $2.75 price objective on shares of Pioneer Energy Services Corp. in a research report on Thursday, August 3rd. Seaport Global Securities reissued a “neutral” rating on shares of Pioneer Energy Services Corp. in a research report on Wednesday, August 2nd. Finally, Imperial Capital started coverage on Pioneer Energy Services Corp. in a research report on Wednesday, October 4th. They set an “in-line” rating and a $3.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Pioneer Energy Services Corp. presently has a consensus rating of “Hold” and a consensus price target of $5.03.

Pioneer Energy Services Corp. Company Profile

Pioneer Energy Services Corp. provides land-based drilling services and production services to a group of independent oil and gas exploration and production companies in the United States and internationally in Colombia. The Company operates through two segments, which include drilling services segment and production services segment.

Earnings History for Pioneer Energy Services Corp. (NYSE:PES)

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