Pioneer Energy Services Corp. (NYSE:PES) registered a -4.03% decrease, still its new closing price is 477.67% up from the company’s 1 year high of 7.20.It posted 2.59% gains in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 12 stock analysts following this company have an average price target at $7.19, with individual PT in the $6.00-$9.00 range. The shares moved at $5.95, implying that brokerage firms see shares gaining about 334.31% in twelve months time.
Pioneer Energy Services Corp. (PES) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -13.14% fall year to date. A Director at Pioneer Energy Services Corp. (PES) offloaded shares in a transaction closed on Tuesday August 09, 2016. THOMPSON C JOHN sold 3,000 shares in the company at $3.45 each and collected $10,000 in proceeds. THOMPSON C JOHN now owns 41,666 shares in the company after this transaction. A Director in the company, THOMPSON C JOHN, disclosed a transaction on Tuesday June 07, 2016 that ended up generating $36,001 from the sale of 8,995 shares at $4.1 per share.
Pioneer Energy Services Corp. (NYSE:PES) Upcoming Results on Tap
Pioneer Energy Services Corp. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.21 in that period. Sales during the quarter are predicted to arrive at $82.46 million.
Earnings surprise history: Last quarter, the company posted approximately $68.35 million in revenue and EPS of $-0.29. The mean forecast was for $63.23 million and $-0.34 a share, respectively. One quarter earlier, revenue for the stock was at $62.29 million, with earnings at $-0.31/share.
Pioneer Energy Services Corp. (PES) Brokerage Update
Pioneer Energy Services Corp. (PES) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Goldman, according to news reported on Friday December 16, 2016.Another important research note was issued by Wunderlich on Monday December 12, 2016.The firm upgraded PES to Buy from Hold. Over the last six months and over the last three months, the shares of Pioneer Energy Services Corp. (PES), have changed 88.89% and 45.12%, respectively.