ClariVest Asset Management LLC decreased its position in shares of Pioneer Energy Services Corp (NYSE:PES) by 16.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,760 shares of the oil and gas company’s stock after selling 8,881 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.06% of Pioneer Energy Services worth $54,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its stake in shares of Pioneer Energy Services by 1,030.5% in the 4th quarter. FNY Investment Advisers LLC now owns 26,046 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 23,742 shares during the period. Virtu Financial LLC lifted its stake in shares of Pioneer Energy Services by 314.7% in the 4th quarter. Virtu Financial LLC now owns 52,287 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 39,680 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Pioneer Energy Services by 3,121.5% in the 4th quarter. LS Investment Advisors LLC now owns 69,938 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 67,767 shares during the period. Penn Capital Management Co. Inc. acquired a new position in shares of Pioneer Energy Services in the 3rd quarter valued at $100,000. Finally, Jane Street Group LLC acquired a new position in shares of Pioneer Energy Services in the 2nd quarter valued at $107,000. 73.45% of the stock is currently owned by hedge funds and other institutional investors.
PES has been the topic of a number of analyst reports. Capital One Financial downgraded Pioneer Energy Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 16th. Piper Jaffray Companies set a $2.00 price objective on Pioneer Energy Services and gave the stock a “buy” rating in a research note on Thursday, December 27th. Imperial Capital reaffirmed an “in-line” rating and set a $3.00 price objective on shares of Pioneer Energy Services in a research note on Thursday, January 10th. Simmons dropped their price objective on Pioneer Energy Services to $2.25 and set an “overweight” rating on the stock in a research note on Thursday, December 27th. Finally, ValuEngine downgraded Pioneer Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $3.61.
Shares of Pioneer Energy Services stock opened at $1.84 on Friday. The firm has a market cap of $147.83 million, a P/E ratio of -3.54 and a beta of 3.14. Pioneer Energy Services Corp has a 12 month low of $1.14 and a 12 month high of $6.35. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.97 and a current ratio of 2.05.
Pioneer Energy Services (NYSE:PES) last issued its quarterly earnings data on Tuesday, February 19th. The oil and gas company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. The business had revenue of $141.51 million for the quarter, compared to the consensus estimate of $141.88 million. Pioneer Energy Services had a negative return on equity of 22.61% and a negative net margin of 8.31%. On average, analysts expect that Pioneer Energy Services Corp will post -0.44 EPS for the current year.
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Pioneer Energy Services 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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