QS Investors LLC Maintains Holdings in Pioneer Energy Services Corp. (PES)

QS Investors LLC held its stake in Pioneer Energy Services Corp. (NYSE:PES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 502,295 shares of the oil and gas company’s stock at the end of the second quarter. QS Investors LLC owned approximately 0.65% of Pioneer Energy Services Corp. worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Texas Permanent School Fund raised its stake in Pioneer Energy Services Corp. by 0.8% in the second quarter. Texas Permanent School Fund now owns 56,423 shares of the oil and gas company’s stock worth $116,000 after buying an additional 472 shares in the last quarter. Victory Capital Management Inc. raised its stake in Pioneer Energy Services Corp. by 114.4% in the second quarter. Victory Capital Management Inc. now owns 363,851 shares of the oil and gas company’s stock worth $746,000 after buying an additional 194,144 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Pioneer Energy Services Corp. in the first quarter worth approximately $1,940,000. Goldman Sachs Group Inc. raised its stake in Pioneer Energy Services Corp. by 49.3% in the first quarter. Goldman Sachs Group Inc. now owns 555,766 shares of the oil and gas company’s stock worth $2,223,000 after buying an additional 183,540 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Pioneer Energy Services Corp. by 93.8% in the second quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock worth $5,972,000 after buying an additional 1,410,000 shares in the last quarter. 73.95% of the stock is owned by institutional investors.

Pioneer Energy Services Corp. (NYSE PES) opened at 2.20 on Friday. Pioneer Energy Services Corp. has a 12 month low of $1.60 and a 12 month high of $7.20. The stock’s 50 day moving average price is $2.18 and its 200-day moving average price is $2.54. The firm’s market capitalization is $170.23 million.

Pioneer Energy Services Corp. (NYSE:PES) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.03). Pioneer Energy Services Corp. had a negative return on equity of 28.63% and a negative net margin of 33.86%. The company had revenue of $107.13 million for the quarter, compared to analyst estimates of $105.23 million. During the same quarter in the prior year, the business earned ($0.30) earnings per share. Pioneer Energy Services Corp.’s revenue was up 72.0% compared to the same quarter last year. Equities analysts forecast that Pioneer Energy Services Corp. will post ($0.66) earnings per share for the current year.

A number of equities analysts recently commented on PES shares. Zacks Investment Research raised shares of Pioneer Energy Services Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Imperial Capital started coverage on shares of Pioneer Energy Services Corp. in a research note on Wednesday, October 4th. They issued an “in-line” rating and a $3.00 price objective for the company. Seaport Global Securities downgraded shares of Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $4.50 to $2.00 in a research note on Wednesday, June 21st. ValuEngine downgraded shares of Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Pioneer Energy Services Corp. has a consensus rating of “Hold” and a consensus target price of $5.03.

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Pioneer Energy Services Corp. Profile

Pioneer Energy Services Corp. provides land-based drilling services and production services to a group of independent oil and gas exploration and production companies in the United States and internationally in Colombia. The Company operates through two segments, which include drilling services segment and production services segment.

Institutional Ownership by Quarter for Pioneer Energy Services Corp. (NYSE:PES)

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