Pioneer Energy Services Reports Second Quarter 2018 Results
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Pioneer Energy Services Corp (PES) PT Lowered to $4 at Imperial Capital
August 1, 2018 7:47 AM EDTImperial Capital lowered its price target on Pioneer Energy Services Corp (NYSE: PES) to $4.00 (from $6.00) while maintaining a In-Line rating following the company's 2Q. PES 2Q18 results were below expectations as adjusted EPS of -$0.19 was below the -$0.10 consensus.
PES has... More
Pioneer Energy Services (PES) Misses Q2 EPS by 9c, Revenues In-Line
July 31, 2018 6:13 AM EDTPioneer Energy Services (NYSE: PES) reported Q2 EPS of ($0.19), $0.09 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $154.8 million versus the consensus estimate of $154.83 million.
Comments from our President and CEO
"Our second quarter results reflect solid top-line performance," said Wm. Stacy Locke, President and Chief Executive Officer. \"Despite continued strong demand for our services, we experienced some higher-than-anticipated expenses in all businesses during the quarter, which impacted our bottom line.
"Our domestic drilling operations delivered another strong quarter of results with utilization of 100% and a margin... More
