Pioneer Energy Services (PES) Earning Somewhat Positive Media Coverage, Analysis Finds

Media headlines about Pioneer Energy Services (NYSE:PES) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pioneer Energy Services earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 44.353501717223 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

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PES has been the subject of a number of analyst reports. Zacks Investment Research upgraded Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Thursday, January 18th. Seaport Global Securities reiterated a “buy” rating on shares of Pioneer Energy Services in a report on Thursday, January 18th. ValuEngine upgraded Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Capital One Financial reiterated an “overweight” rating on shares of Pioneer Energy Services in a report on Friday, February 16th. Finally, Jefferies Group set a $4.00 target price on Pioneer Energy Services and gave the stock a “buy” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.67.

PES stock traded down $0.10 during mid-day trading on Friday, reaching $2.60. The company’s stock had a trading volume of 269,092 shares, compared to its average volume of 522,871. The company has a market cap of $202.27, a P/E ratio of -3.71 and a beta of 2.95. The company has a debt-to-equity ratio of 2.20, a quick ratio of 2.37 and a current ratio of 2.54. Pioneer Energy Services has a 12 month low of $1.60 and a 12 month high of $4.50.

Pioneer Energy Services (NYSE:PES) last issued its earnings results on Friday, February 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.03). The business had revenue of $126.29 million during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. research analysts predict that Pioneer Energy Services will post -0.38 earnings per share for the current year.

In other Pioneer Energy Services news, Director C John Thompson sold 25,000 shares of Pioneer Energy Services stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $2.94, for a total value of $73,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 31,015 shares of company stock valued at $91,805. 6.05% of the stock is currently owned by corporate insiders.

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Pioneer Energy Services Company Profile

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The company offers contract land drilling services in the Marcellus/Utica, Eagle Ford, Permian Basin, and Bakken regions, as well as in Colombia.

Insider Buying and Selling by Quarter for Pioneer Energy Services (NYSE:PES)

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