Impact of Brokerage Rating on Pioneer Energy Services Corp.(PES)

Many Pioneer Energy Services Corp.(PES) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Pioneer Energy Services Corp was Initiated by CapitalOne to Overweight on Feb 6, 2017. Pioneer Energy Services Corp was Upgraded by Goldman to Buy on Dec 16, 2016. Pioneer Energy Services Corp was Upgraded by Wunderlich to Buy on Dec 12, 2016.

Company has reported several Insider transactions to the SEC, on Aug 9, 2016, C John Thompson (director) sold 3,000 shares at 3.45 per share price.On Mar 4, 2016, Dean A Burkhardt (director) purchased 10,000 shares at 2.15 per share price.On Mar 3, 2016, John M Rauh (director) purchased 1,500 shares at 1.63 per share price.

Pioneer Energy Services Corp Last issued its quarterly earnings results on Nov 1, 2016. The company reported $-0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $-0.33. The company had revenue of $68.40 million for the quarter, compared to analysts expectations of $63.47 million. The companys revenue was down -36.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.25 EPS.

Pioneer Energy Services Corp. (NYSE:PES) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.6 by 10 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

Pioneer Energy Services Corp. (NYSE:PES): The stock price is expected to reach $ 7.03 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $9 while the lower estimate is at $5. The standard deviation of the price stands at $1.49.

Pioneer Energy Services Corp. (NYSE:PES) witnessed a decline in the market cap on Tuesday as its shares dropped 1.54% or 0.1 points. After the session commenced at $6.5, the stock reached the higher end at $6.6 while it hit a low of $6.25. With the volume soaring to 964,709 shares, the last trade was called at $6.4. The company has a 52-week high of $7.2. The company has a market cap of $494 million and there are 77,146,906 shares in outstanding. The 52-week low of the share price is $1.11.

Pioneer Energy Services Corp. provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. The companys Drilling Services division provides contract land drilling services to operators in Texas, Louisiana, Mid-Continent, Rocky Mountain, and Appalachian regions; and in Colombia. Pioneer also provides well servicing, wireline, coiled tubing and fishing and rental services to producers in the U.S. Gulf Coast, offshore Gulf of Mexico, Mid-Continent and Rocky Mountain regions through its Production Services Segment. Pioneer Energy Services Corp., formerly known as Pioneer Drilling Company, is based in San Antonio, Texas.

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