Shares of Pioneer Energy Services Corp. (NYSE:PES) traded down 6.3% during mid-day trading on Monday . The company traded as low as $2.20 and last traded at $2.25. 555,456 shares changed hands during trading, a decline of 11% from the average session volume of 625,954 shares. The stock had previously closed at $2.40.

A number of analysts recently issued reports on the company. Zacks Investment Research lowered Pioneer Energy Services Corp. from a “buy” rating to a “hold” rating in a research note on Saturday. Imperial Capital assumed coverage on Pioneer Energy Services Corp. in a research note on Wednesday, October 4th. They set an “in-line” rating and a $3.00 price objective on the stock. ValuEngine lowered Pioneer Energy Services Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Seaport Global Securities reiterated a “neutral” rating on shares of Pioneer Energy Services Corp. in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $2.75 price objective on shares of Pioneer Energy Services Corp. in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.03.

The firm’s market capitalization is $174.10 million. The company has a 50-day moving average of $2.15 and a 200-day moving average of $2.54.

Pioneer Energy Services Corp. (NYSE:PES) last announced its earnings results on Tuesday, August 1st. The oil and gas company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.03). Pioneer Energy Services Corp. had a negative return on equity of 28.63% and a negative net margin of 33.86%. The company had revenue of $107.13 million during the quarter, compared to the consensus estimate of $105.23 million. During the same period in the prior year, the business posted ($0.30) earnings per share. Pioneer Energy Services Corp.’s revenue for the quarter was up 72.0% compared to the same quarter last year. On average, equities analysts predict that Pioneer Energy Services Corp. will post ($0.66) EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Texas Permanent School Fund raised its holdings in Pioneer Energy Services Corp. by 0.8% during the second quarter. Texas Permanent School Fund now owns 56,423 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 472 shares during the period. Prudential Financial Inc. raised its holdings in Pioneer Energy Services Corp. by 0.7% during the first quarter. Prudential Financial Inc. now owns 169,106 shares of the oil and gas company’s stock valued at $676,000 after acquiring an additional 1,160 shares during the period. Comerica Bank raised its holdings in Pioneer Energy Services Corp. by 4.5% during the first quarter. Comerica Bank now owns 85,152 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 3,682 shares during the period. Tudor Investment Corp ET AL raised its holdings in Pioneer Energy Services Corp. by 10.0% during the first quarter. Tudor Investment Corp ET AL now owns 56,555 shares of the oil and gas company’s stock valued at $226,000 after acquiring an additional 5,123 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Pioneer Energy Services Corp. by 9.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 59,160 shares of the oil and gas company’s stock valued at $237,000 after acquiring an additional 5,206 shares during the period. 73.95% of the stock is currently owned by institutional investors and hedge funds.

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Pioneer Energy Services Corp. 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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