AP NEWS

Pioneer Energy: 3Q Earnings Snapshot

October 30, 2018

SAN ANTONIO (AP) _ Pioneer Energy Services Corp. (PES) on Tuesday reported a loss of $5.2 million in its third quarter.

On a per-share basis, the San Antonio-based company said it had a loss of 7 cents.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The oil and gas drilling and production company posted revenue of $149.3 million in the period, meeting Street forecasts.

The company’s shares closed at $2.24. A year ago, they were trading at $1.90.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PES at https://www.zacks.com/ap/PES