Pioneer Energy Services (NYSE:PES) Receiving Somewhat Critical Media Coverage, Report Shows

Press coverage about Pioneer Energy Services (NYSE:PES) has trended somewhat negative on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pioneer Energy Services earned a daily sentiment score of -0.01 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 48.3839878608514 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, January 10th. Jefferies Group set a $4.00 price objective on shares of Pioneer Energy Services and gave the company a “buy” rating in a research note on Monday, February 26th. ValuEngine lowered shares of Pioneer Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Capital One Financial reiterated an “overweight” rating on shares of Pioneer Energy Services in a report on Friday, February 16th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Pioneer Energy Services in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $3.67.

Shares of PES stock traded up $0.15 on Thursday, hitting $2.70. The stock had a trading volume of 663,871 shares, compared to its average volume of 754,016. The company has a market cap of $198.38, a P/E ratio of -3.86 and a beta of 2.95. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.54 and a quick ratio of 2.37. 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 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 analysts’ consensus estimates of ($0.11) by ($0.03). Pioneer Energy Services had a negative return on equity of 23.31% and a negative net margin of 16.83%. The company had revenue of $126.29 million for the quarter, compared to analysts’ expectations of $125.99 million. During the same quarter last year, the business posted ($0.34) EPS. The business’s quarterly revenue was up 76.7% on a year-over-year basis. research analysts expect that Pioneer Energy Services will post -0.38 earnings per share for the current fiscal year.

In related news, Director C John Thompson sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $2.94, for a total transaction of $73,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 31,015 shares of company stock valued at $91,805 in the last 90 days. 6.05% of the stock is currently owned by corporate insiders.

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About Pioneer Energy Services

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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