Pioneer Energy Services Corp (NYSE:PES) gapped down before the market opened on Wednesday . The stock had previously closed at $0.17, but opened at $0.17. Pioneer Energy Services shares last traded at $0.16, with a volume of 1,300 shares changing hands.

Several equities analysts have recently weighed in on the company. ValuEngine raised Pioneer Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Imperial Capital cut their target price 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. Piper Jaffray Companies downgraded Pioneer Energy Services from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 27th. Finally, Zacks Investment Research raised Pioneer Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.42.

The stock’s fifty day simple moving average is $0.22. The company has a current ratio of 2.01, a quick ratio of 1.79 and a debt-to-equity ratio of 3.42. The firm has a market cap of $14.17 million, a P/E ratio of -0.31 and a beta of 3.23.

Pioneer Energy Services (NYSE:PES) last posted its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.15). Pioneer Energy Services had a negative return on equity of 26.26% and a negative net margin of 8.09%. The company had revenue of $152.84 million during the quarter, compared to analysts’ expectations of $151.43 million. As a group, equities analysts predict that Pioneer Energy Services Corp will post -0.59 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in Pioneer Energy Services by 92.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,993 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 8,184 shares during the period. SG Americas Securities LLC boosted its holdings in Pioneer Energy Services by 287.2% during the 2nd quarter. SG Americas Securities LLC now owns 127,468 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 94,545 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Pioneer Energy Services during the 2nd quarter valued at $60,000. Crossvault Capital Management LLC purchased a new position in Pioneer Energy Services during the 1st quarter valued at $64,000. Finally, WealthTrust Axiom LLC boosted its holdings in Pioneer Energy Services by 104.7% during the 2nd quarter. WealthTrust Axiom LLC now owns 320,525 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 163,950 shares during the period. Institutional investors own 70.29% of the company’s stock.

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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