Pioneer Energy Services Corp (NYSE:PES) fell 14.3% on Thursday . The company traded as low as $0.56 and last traded at $0.48. 43,380 shares were traded during trading, a decline of 97% from the average session volume of 1,387,698 shares. The stock had previously closed at $0.56.

Separately, ValuEngine lowered shares of Pioneer Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.44.

The company has a current ratio of 1.99, a quick ratio of 1.80 and a debt-to-equity ratio of 3.13. The firm has a market capitalization of $56.92 million, a price-to-earnings ratio of -0.88 and a beta of 2.99.

Pioneer Energy Services (NYSE:PES) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.04. Pioneer Energy Services had a negative net margin of 8.95% and a negative return on equity of 26.33%. The company had revenue of $146.57 million for the quarter, compared to analyst estimates of $143.93 million. As a group, equities analysts anticipate that Pioneer Energy Services Corp will post -0.51 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Pioneer Energy Services in the 1st quarter valued at $47,000. OppenheimerFunds Inc. boosted its stake in shares of Pioneer Energy Services by 24.6% in the 1st quarter. OppenheimerFunds Inc. now owns 208,349 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 41,129 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Pioneer Energy Services by 2.8% in the 1st quarter. BlackRock Inc. now owns 11,641,979 shares of the oil and gas company’s stock valued at $20,605,000 after purchasing an additional 314,859 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Pioneer Energy Services by 14.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 301,057 shares of the oil and gas company’s stock valued at $533,000 after purchasing an additional 37,137 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its stake in shares of Pioneer Energy Services by 133.0% in the 1st quarter. Everence Capital Management Inc. now owns 83,910 shares of the oil and gas company’s stock valued at $149,000 after purchasing an additional 47,890 shares during the last quarter. 72.52% of the stock is currently owned by institutional investors.

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About Pioneer Energy Services (NYSE:PES)

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.

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