Pioneer Energy Services (NYSE:PES) hit a new 52-week high and low on Monday . The stock traded as low as $6.20 and last traded at $6.10, with a volume of 42130 shares. The stock had previously closed at $6.00.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Tuesday, May 8th. Jefferies Group set a $4.00 price objective on shares of Pioneer Energy Services and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Capital One reissued an “overweight” rating on shares of Pioneer Energy Services in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.79.
The company has a current ratio of 2.61, a quick ratio of 2.41 and a debt-to-equity ratio of 2.31. The stock has a market cap of $455.17 million, a P/E ratio of -8.71 and a beta of 2.94.
Pioneer Energy Services (NYSE:PES) last announced its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.04. Pioneer Energy Services had a negative net margin of 12.35% and a negative return on equity of 20.97%. The company had revenue of $144.48 million for the quarter, compared to the consensus estimate of $136.01 million. analysts anticipate that Pioneer Energy Services will post -0.26 EPS for the current year.
In other Pioneer Energy Services news, Director C John Thompson sold 6,666 shares of the stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $4.25, for a total value of $28,330.50. Following the sale, the director now directly owns 41,818 shares of the company’s stock, valued at approximately $177,726.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 37,681 shares of company stock worth $120,136. Insiders own 6.66% of the company’s stock.
Several large investors have recently made changes to their positions in the business. 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 valued at $22,921,000 after buying an additional 596,900 shares during the last quarter. Saba Capital Management L.P. purchased a new position in shares of Pioneer Energy Services in the 1st quarter valued at $1,123,000. Guggenheim Capital LLC grew its position in shares of Pioneer Energy Services by 647.2% in the 4th quarter. Guggenheim Capital LLC now owns 475,868 shares of the oil and gas company’s stock valued at $1,450,000 after buying an additional 412,181 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Pioneer Energy Services by 11.4% in the 4th quarter. Macquarie Group Ltd. now owns 3,832,657 shares of the oil and gas company’s stock valued at $11,690,000 after buying an additional 391,970 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Pioneer Energy Services by 3.6% in the 1st quarter. BlackRock Inc. now owns 10,913,123 shares of the oil and gas company’s stock valued at $29,466,000 after buying an additional 375,824 shares during the last quarter. 71.54% of the stock is currently owned by institutional investors.
About Pioneer Energy Services
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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