Pioneer Energy Services (NYSE:PES) Shares Gap Down to $0.17
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.
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.
Receive News & Ratings for Pioneer Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.