15 July, 2017
(NYSE:PES) Worth Buying?
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". It also provides two of its services offshore in the Gulf of Mexico.
07/18/2016 - Pioneer Energy Services Corp. was upgraded to "outperform" by analysts at Wells Fargo. And it remains to be seen which target price PES can achieve without sacrificing much as the company is holding a -52.63% fall for the past twelve months. The stock of Pioneer Energy Services Corp (NYSE:PES) has "Overweight" rating given on Wednesday, June 29 by Piper Jaffray. Goldman raised its rating on Pioneer Energy Services Corp.to Buy on 16/12/2016 in a reversal from its prior Neutral rating. Zacks Investment Research downgraded shares of Pioneer Energy Services Corp. from a "buy" rating to a "hold" rating in a report on Tuesday, April 11th. Seaport Global Securities cut Pioneer Energy Services Corp. from a "buy" rating to a "neutral" rating and cut their price target for the company from $4.50 to $2.00 in a report on Wednesday, June 21st. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The company now has an average rating of Hold and a consensus price target of $5.50.
Pioneer Energy Services Corp.'s ROA is -16.83%, while industry's average is -9.26%. Closing price generally refers to the last price at which a stock trades during a regular trading session. The share last price represents downtick move of -11.15% in value from company's 52-Week high price and shows 11.36% above change in value from its 52-Week low price. The stock has a 50 day moving average of $2.39 and a 200-day moving average of $4.44. The company has market cap of $186.30 million. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/valuengine-upgrades-pioneer-energy-services-corp-nysepes-to-sell/1200565.html.
Pioneer Energy Services Corp. had a negative return on equity of 28.76% and a negative net margin of 42.24%. (NYSE:PES) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.02. Revenue for the quarter also killed consensus, coming in at $95.76 Million, compared to the consensus of 89.34 Million. The value of the investment in (PES) decreased from $27,000 to $1,000 a change of 96.3% quarter to quarter. Analysts predict that Pioneer Energy Services Corp. will post ($0.64) EPS for the current year. "(NYSE:PES) Receiving Positive Press Coverage, Report Shows" was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this story on another site, it was illegally copied and reposted in violation of global copyright laws. Following the completion of the acquisition, the chief executive officer now owns 961,267 shares in the company, valued at $2,633,871.58. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at. Institutional investors own 81.96% of the company's stock. The value of the total investment in Pioneer Energy Services Corp. The value in dollars decreased from $1,593,000 to $727,000 a change of $866,000 since the last quarter.
While taking a look at financials, we can look at a number of key indicators about Pioneer Energy Services Corp. Citadel Advisors LLC now owns 266,799 shares of the oil and gas company's stock valued at $1,067,000 after buying an additional 178,619 shares during the last quarter. Pioneer Energy Services Corp. earned a news impact score of 0.28 on Accern's scale.
Over the last 5 years, Pioneer Energy Services Corp. has averaged a -65.20% YoY EPS growth rate and a -17.30% revenue growth rate. Thrivent Financial for Lutherans increased its stake in shares of Pioneer Energy Services Corp.by 0.8% in the fourth quarter. State of Tennessee Treasury Department now owns 71,995 shares of the oil and gas company's stock valued at $288,000 after buying an additional 10,865 shares in the last quarter.
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.
