Pioneer Energy Services Corp. (NYSE:PES) is trading up 563.16% versus 12-month low of 0.95 and stands -12.50% lower from its 1-year peak of $7.20. The consensus price target (PT) of $6.42 means that the market expects Company shares to increase by -2.7% in the short run. The sell-side target prices range from $4 to $9. In the last month the stock has moved in price 6.78%, with a one year change of 255.93%. The last trading session volume compares with the 1.29M average and market worth floats around 503.62M.
Pioneer Energy Services Corp. (NYSE:PES) fell -4.55% to reach at the trading price of $6.30 as it is set to release its next quarterly earnings report on February 21, 2017. Pioneer Energy Services Corp. stock trades in the range of $6.15 to $6.55 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $-0.3 a share with $70.78M in revenue.
Pioneer Energy Services Corp. (PES) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Pioneer Energy Services Corp. to earn $-0.26 per share (EPS) on revenue of $80.56M. The EPS consensus range is $-0.33-$-0.19 on revenue between $89.85M and $68.9M.
While if we look at the Earnings Track Record, Pioneer Energy Services Corp. (PES) managed to surpass quarterly earnings per share estimates in 8 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 66%. Last time the company reported, Pioneer Energy Services Corp. (PES) generated $-0.29 in earnings per share, beating the consensus estimate of $-0.34. Revenues hit $68.35M in the September 2017 quarter, which was above the consensus $63.23M projection. On the other hand, in the June 2017 quarter the company recorded a net $62.29M revenue with earnings per share of $-0.31. Wall Street had anticipated $65.6M and $-0.32, respectively. For comparison, there was a revenue of $74.95M and EPS of $-0.30 in the March 2016 period.
Pioneer Energy Services Corp. (NYSE:PES) Analyst Insights
The buoyancy in the outlook of Pioneer Energy Services Corp. (PES) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Neutral. Wunderlich has been covering shares of PES, so it is most recent view is worth a look. In a research note issued on Dec 16, 2016, analysts at Goldman lifted the stock to Buy from Neutral. Another noteworthy analyst activity was recorded on Dec 12, 2016. Wunderlich Analysts lifted the stock to Buy from Hold.