News coverage about Pioneer Energy Services Corp. (NYSE:PES) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pioneer Energy Services Corp. earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 44.9063055514936 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- -$0.13 Earnings Per Share Expected for Pioneer Energy Services Corp. (PES) This Quarter (americanbankingnews.com)
- Is There Now An Opportunity In Pioneer Energy Services Corp (PES)? (finance.yahoo.com)
- Financial Contrast: Helmerich & Payne (HP) & Pioneer Energy Services Corp. (PES) (americanbankingnews.com)
- ETFs with exposure to Pioneer Energy Services Corp. : September 7, 2017 (finance.yahoo.com)
- Analysts Suggest to Buy stock: Pioneer Energy Services Corp. (PES) – Street Observer (press release) (streetobserver.com)
Shares of Pioneer Energy Services Corp. (NYSE PES) traded up 4.6244% during trading on Wednesday, reaching $2.1448. The company’s stock had a trading volume of 72,019 shares. Pioneer Energy Services Corp. has a 1-year low of $1.60 and a 1-year high of $7.20. The company’s 50-day moving average price is $1.98 and its 200 day moving average price is $2.90. The stock’s market capitalization is $165.96 million.
Pioneer Energy Services Corp. (NYSE:PES) last posted its earnings results on Tuesday, August 1st. The oil and gas company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.03). The business had revenue of $107.13 million during the quarter, compared to the consensus estimate of $105.23 million. Pioneer Energy Services Corp. had a negative net margin of 33.86% and a negative return on equity of 28.63%. The business’s revenue was up 72.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.30) EPS. Analysts anticipate that Pioneer Energy Services Corp. will post ($0.66) EPS for the current year.
PES has been the subject of a number of research reports. Zacks Investment Research upgraded Pioneer Energy Services Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Deutsche Bank AG reiterated a “hold” rating and issued a $6.00 price target (down from $7.00) on shares of Pioneer Energy Services Corp. in a research note on Tuesday, May 30th. ValuEngine downgraded Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Seaport Global Securities downgraded Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating and decreased their target price for the company from $4.50 to $2.00 in a research note on Wednesday, June 21st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $2.75 target price on shares of Pioneer Energy Services Corp. in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Pioneer Energy Services Corp. currently has an average rating of “Hold” and an average target price of $5.19.
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About Pioneer Energy Services Corp.
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.
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