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Pioneer Energy reports 2Q loss

SAN ANTONIO (AP) _ Pioneer Energy Services Corp. (PES) on Tuesday reported a loss of $20.2 million in its second quarter.

The San Antonio-based company said it had a loss of 26 cents per share. Losses, adjusted for pretax expenses and asset impairment costs, were 21 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The oil and gas drilling and production company posted revenue of $107.1 million in the period.

The company's shares closed at $2.20. A year ago, they were trading at $3.15.


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


Keywords: Pioneer Energy, Earnings Report