Pioneer Energy Services (PES) Stock Price Up -4%

Pioneer Energy Services (NYSE:PES) rose 4% on Thursday . The company traded as high as $3.30 and last traded at $3.12. Approximately 64,100 shares changed hands during trading, a decline of 92% from the average daily volume of 766,623 shares. The stock had previously closed at $3.25.

PES has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Pioneer Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Seaport Global Securities upgraded shares of Pioneer Energy Services from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th. Capital One Financial restated an “overweight” rating on shares of Pioneer Energy Services in a report on Friday, February 16th. ValuEngine upgraded shares of Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Jefferies Group set a $4.00 price target on shares of Pioneer Energy Services and gave the company a “buy” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $3.67.

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The company has a debt-to-equity ratio of 2.20, a quick ratio of 2.37 and a current ratio of 2.54. The stock has a market cap of $252.83, a price-to-earnings ratio of -3.14 and a beta of 2.94.

Pioneer Energy Services (NYSE:PES) last posted its quarterly earnings results on Friday, February 16th. The oil and gas company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Pioneer Energy Services had a negative net margin of 16.83% and a negative return on equity of 23.31%. The business had revenue of $126.29 million during the quarter, compared to the consensus estimate of $125.99 million. During the same quarter in the prior year, the firm posted ($0.34) EPS. The company’s revenue for the quarter was up 76.7% compared to the same quarter last year. equities analysts anticipate that Pioneer Energy Services will post -0.38 earnings per share for the current year.

In other news, Director C John Thompson sold 25,000 shares of Pioneer Energy Services stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $2.94, for a total value of $73,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 31,015 shares of company stock worth $91,805. Insiders own 6.05% of the company’s stock.

Several institutional investors have recently modified their holdings of PES. Macquarie Group Ltd. grew its position in shares of Pioneer Energy Services by 67.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock worth $8,774,000 after buying an additional 1,382,209 shares during the last quarter. Van Den Berg Management I Inc. grew its position in shares of Pioneer Energy Services by 8.6% in the 4th quarter. Van Den Berg Management I Inc. now owns 7,515,234 shares of the oil and gas company’s stock worth $22,921,000 after buying an additional 596,900 shares during the last quarter. Guggenheim Capital LLC grew its position in Pioneer Energy Services by 647.2% during the 4th quarter. Guggenheim Capital LLC now owns 475,868 shares of the oil and gas company’s stock worth $1,450,000 after purchasing an additional 412,181 shares during the last quarter. EAM Investors LLC purchased a new stake in Pioneer Energy Services during the 4th quarter worth approximately $941,000. Finally, Schwab Charles Investment Management Inc. grew its position in Pioneer Energy Services by 24.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,516,789 shares of the oil and gas company’s stock worth $4,627,000 after purchasing an additional 299,737 shares during the last quarter. 73.47% of the stock is currently owned by hedge funds and other institutional investors.

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Pioneer Energy Services Company Profile

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The company offers contract land drilling services in the Marcellus/Utica, Eagle Ford, Permian Basin, and Bakken regions, as well as in Colombia.

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