Pioneer Energy Services Corp (NYSE:PES) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 11,809,800 shares, a growth of 98.6% from the April 30th total of 5,947,400 shares. Based on an average trading volume of 2,300,000 shares, the short-interest ratio is currently 5.1 days. Approximately 15.7% of the company’s stock are short sold.

Several equities analysts recently commented on the company. ValuEngine raised Pioneer Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Imperial Capital reduced their price target on Pioneer Energy Services from $2.00 to $1.00 and set an “in-line” rating on the stock in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have given 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 price target of $3.19.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its holdings in Pioneer Energy Services by 175.1% during the 3rd quarter. Morgan Stanley now owns 530,544 shares of the oil and gas company’s stock valued at $1,565,000 after buying an additional 337,716 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Pioneer Energy Services by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,539,648 shares of the oil and gas company’s stock valued at $13,392,000 after buying an additional 269,201 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Pioneer Energy Services by 99.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 136,913 shares of the oil and gas company’s stock valued at $168,000 after buying an additional 68,140 shares in the last quarter. Rhumbline Advisers lifted its holdings in Pioneer Energy Services by 35.3% during the 4th quarter. Rhumbline Advisers now owns 260,073 shares of the oil and gas company’s stock valued at $320,000 after buying an additional 67,845 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in Pioneer Energy Services by 3,121.5% during 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 buying an additional 67,767 shares in the last quarter. 72.40% of the stock is currently owned by institutional investors.

Shares of PES traded up $0.01 during trading on Monday, reaching $0.28. The company’s stock had a trading volume of 138,960 shares, compared to its average volume of 6,475,649. The business’s fifty day moving average price is $0.89. Pioneer Energy Services has a twelve month low of $0.25 and a twelve month high of $6.00. The company has a market cap of $21.97 million, a P/E ratio of -0.55 and a beta of 3.63. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.80 and a current ratio of 1.99.

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

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Pioneer Energy Services Company Profile

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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