Friday, November 24, 2017

Pioneer Energy's Posts Smaller Q4 Loss

Posted by February 17, 2017

Pioneer Energy Services Corp, which provides contract land drilling services, posted a smaller quarterly loss, helped by a rise in demand.

The company said its net loss narrowed to $36.1 million, or 53 cents per share, in the fourth quarter, from $48.3 million, or 75 cents per share, a year earlier.
Total revenue fell nearly 32 percent to $71.5 million in the quarter ended Dec. 31.
Reporting by Muvija M

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