Pioneer Energy Services Corp (NYSE:PES) was up 6.1% during trading on Tuesday . The company traded as high as $3.60 and last traded at $3.50. Approximately 1,027,978 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,435,980 shares. The stock had previously closed at $3.30.

A number of equities research analysts have recently commented on PES shares. Imperial Capital started coverage on Pioneer Energy Services in a research note on Wednesday, October 4th. They issued an “in-line” rating and a $3.00 target price on the stock. Zacks Investment Research raised Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Wednesday, October 4th. Goldman Sachs Group cut Pioneer Energy Services from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Wells Fargo & Co cut Pioneer Energy Services from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Finally, Jefferies Group reissued a “buy” rating and issued a $3.00 target price on shares of Pioneer Energy Services in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $4.41.

The stock has a market capitalization of $272.02, a price-to-earnings ratio of -2.61 and a beta of 2.92. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75.

Pioneer Energy Services (NYSE:PES) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business had revenue of $117.28 million for the quarter, compared to the consensus estimate of $114.82 million. Pioneer Energy Services had a negative net margin of 25.19% and a negative return on equity of 26.46%. The company’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.29) earnings per share. research analysts forecast that Pioneer Energy Services Corp will post -0.68 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in PES. Balyasny Asset Management LLC lifted its holdings in Pioneer Energy Services by 390.0% in the second quarter. Balyasny Asset Management LLC now owns 2,088,468 shares of the oil and gas company’s stock valued at $4,281,000 after acquiring an additional 1,662,241 shares during the period. Franklin Resources Inc. lifted its holdings in Pioneer Energy Services by 93.8% in the second quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock valued at $5,972,000 after acquiring an additional 1,410,000 shares during the period. Macquarie Group Ltd. lifted its holdings in Pioneer Energy Services by 67.1% in the third quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock valued at $8,774,000 after acquiring an additional 1,382,209 shares during the period. FMR LLC bought a new position in Pioneer Energy Services in the second quarter valued at about $1,584,000. Finally, Thrivent Financial For Lutherans lifted its holdings in Pioneer Energy Services by 66.0% in the second quarter. Thrivent Financial For Lutherans now owns 856,377 shares of the oil and gas company’s stock valued at $1,756,000 after acquiring an additional 340,441 shares during the period. 73.57% 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 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.

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