MLV & Co Analysts Begin Coverage on Pioneer Southwest Energy (PSE)

By admin | 6 years ago

Research analysts at MLV & Co began coverage on shares of Pioneer Southwest Energy (NYSE: PSE) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Shares of Pioneer Southwest Energy opened at 26.16 on Tuesday. Pioneer Southwest Energy has a 52 week low of $21.34 and a 52 week high of $32.72. The company has a market cap of $934.3 million and a P/E ratio of 5.96.

Pioneer Southwest Energy last announced its earnings results on Wednesday, May 2nd. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.02. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Pioneer Southwest Energy will post $0.68 earnings per share next quarter.

Separately, analysts at RBC Capital (NYSE: RY) upgraded shares of Pioneer Southwest Energy from an “underperform” rating to a “sector perform” rating in a research note to investors on Friday, May 4th.

Pioneer Southwest Energy Partners L.P. (Pioneer Southwest or Partnership) is a limited partnership formed to own and acquire oil and gas assets in the Partnership’s area of operations.

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