Pioneer Energy Services (NYSE:PES) posted its quarterly earnings data on Friday, February 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03), Bloomberg Earnings reports. The firm had revenue of $126.29 million for the quarter, compared to analyst estimates of $125.99 million. Pioneer Energy Services had a negative return on equity of 23.31% and a negative net margin of 16.83%. The firm’s quarterly revenue was up 76.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.34) EPS.

Pioneer Energy Services (NYSE:PES) opened at $3.15 on Tuesday. The company has a current ratio of 2.54, a quick ratio of 2.37 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $244.97, a PE ratio of -3.25 and a beta of 2.93. Pioneer Energy Services has a 1-year low of $1.60 and a 1-year high of $4.68.

How to Become a New Pot Stock Millionaire

In other Pioneer Energy Services news, Director C John Thompson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $2.94, for a total transaction of $73,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 31,015 shares of company stock valued at $91,805 over the last 90 days. Company insiders own 6.05% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in shares of Pioneer Energy Services in the fourth quarter valued at approximately $102,000. Crossmark Global Holdings Inc. increased its stake in Pioneer Energy Services by 275.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 61,006 shares of the oil and gas company’s stock valued at $186,000 after acquiring an additional 44,763 shares during the last quarter. Citigroup Inc. increased its stake in Pioneer Energy Services by 230.7% in the second quarter. Citigroup Inc. now owns 63,848 shares of the oil and gas company’s stock valued at $131,000 after acquiring an additional 44,541 shares during the last quarter. Citadel Advisors LLC bought a new position in Pioneer Energy Services in the third quarter valued at approximately $188,000. Finally, BlueCrest Capital Management Ltd increased its stake in Pioneer Energy Services by 532.0% in the second quarter. BlueCrest Capital Management Ltd now owns 76,328 shares of the oil and gas company’s stock valued at $156,000 after acquiring an additional 64,251 shares during the last quarter. Institutional investors own 73.47% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Wednesday, January 10th. ValuEngine downgraded Pioneer Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Jefferies Group set a $4.00 price objective on Pioneer Energy Services and gave the stock a “buy” rating in a research note on Monday, February 26th. Seaport Global Securities upgraded Pioneer Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Capital One Financial reiterated an “overweight” rating on shares of Pioneer Energy Services in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.14.

ILLEGAL ACTIVITY NOTICE: “Pioneer Energy Services (NYSE:PES) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS” was first posted by Marea Informative and is owned by of Marea Informative. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.mareainformativa.com/2018/03/13/pioneer-energy-services-pes-releases-quarterly-earnings-results-misses-estimates-by-0-03-eps-updated-updated-updated.html.

About Pioneer Energy Services

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 (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.