Several other analysts have also issued reports on PES. ValuEngine upgraded shares of Pioneer Energy Services from a hold rating to a buy rating in a research report on Friday, June 22nd. Zacks Investment Research downgraded shares of Pioneer Energy Services from a buy rating to a hold rating in a report on Saturday, July 7th. Jefferies Financial Group downgraded shares of Pioneer Energy Services from a buy rating to a hold rating and set a $6.00 price objective for the company. in a report on Tuesday, July 10th. Seaport Global Securities reaffirmed a buy rating and set a $5.00 price objective on shares of Pioneer Energy Services in a report on Wednesday, August 1st. Finally, Stifel Nicolaus assumed coverage on shares of Pioneer Energy Services in a report on Monday, September 10th. They set a hold rating and a $3.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Pioneer Energy Services presently has an average rating of Hold and a consensus target price of $4.14.
Shares of PES traded down $0.11 during mid-day trading on Monday, hitting $2.84. 534,037 shares of the company’s stock were exchanged, compared to its average volume of 681,018. Pioneer Energy Services has a twelve month low of $1.90 and a twelve month high of $6.35. The company has a quick ratio of 1.97, a current ratio of 2.16 and a debt-to-equity ratio of 2.60. The firm has a market cap of $249.50 million, a price-to-earnings ratio of -4.06 and a beta of 2.58.
Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Pioneer Energy Services in the 2nd quarter valued at about $107,000. Metropolitan Life Insurance Co. NY acquired a new stake in Pioneer Energy Services in the 2nd quarter valued at about $161,000. SG Americas Securities LLC increased its position in Pioneer Energy Services by 123.5% in the 2nd quarter. SG Americas Securities LLC now owns 29,477 shares of the oil and gas company’s stock valued at $172,000 after acquiring an additional 16,289 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Pioneer Energy Services by 154.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,353 shares of the oil and gas company’s stock valued at $178,000 after acquiring an additional 18,415 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Pioneer Energy Services in the 1st quarter valued at about $197,000. Hedge funds and other institutional investors own 75.35% of the company’s stock.
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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