Citadel Advisors LLC lessened its stake in shares of Pioneer Energy Services Corp (NYSE:PES) by 37.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,688 shares of the oil and gas company’s stock after selling 27,933 shares during the quarter. Citadel Advisors LLC owned 0.06% of Pioneer Energy Services worth $139,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Pioneer Energy Services by 0.7% in the 4th quarter. BlackRock Inc. now owns 10,537,299 shares of the oil and gas company’s stock valued at $32,139,000 after purchasing an additional 70,918 shares during the last quarter. Van Den Berg Management I Inc. raised its position in Pioneer Energy Services by 3.0% in the 3rd quarter. Van Den Berg Management I Inc. now owns 6,918,334 shares of the oil and gas company’s stock valued at $17,642,000 after purchasing an additional 204,335 shares during the last quarter. Vanguard Group Inc. raised its position in Pioneer Energy Services by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,797,501 shares of the oil and gas company’s stock valued at $7,785,000 after purchasing an additional 134,045 shares during the last quarter. Macquarie Group Ltd. raised its position in Pioneer Energy Services by 67.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock valued at $8,774,000 after purchasing an additional 1,382,209 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Pioneer Energy Services by 24.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,516,789 shares of the oil and gas company’s stock valued at $4,627,000 after purchasing an additional 299,737 shares during the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
PES has been the subject of several research analyst reports. Zacks Investment Research downgraded Pioneer Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Seaport Global Securities upgraded Pioneer Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Capital One Financial reiterated an “overweight” rating on shares of Pioneer Energy Services in a research report on Friday, February 16th. ValuEngine upgraded Pioneer Energy Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, Jefferies Group set a $4.00 price objective on Pioneer Energy Services and gave the company a “buy” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.14.
In other news, Director C John Thompson sold 25,000 shares of Pioneer Energy Services stock in a transaction on Monday, February 26th. The stock was sold at an average price of $2.94, for a total value of $73,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 31,015 shares of company stock valued at $91,805 over the last three months. Insiders own 6.05% of the company’s stock.
Shares of Pioneer Energy Services Corp (NYSE:PES) opened at $3.15 on Friday. The company has a market capitalization of $229.49, a price-to-earnings ratio of -3.25 and a beta of 2.94. Pioneer Energy Services Corp has a 52 week low of $1.60 and a 52 week high of $4.50. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.54 and a quick ratio of 2.37.
Pioneer Energy Services (NYSE:PES) last released its earnings results on Friday, February 16th. The oil and gas company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). The firm had revenue of $126.29 million during the quarter, compared to analyst estimates of $125.99 million. Pioneer Energy Services had a negative net margin of 16.83% and a negative return on equity of 23.31%. The firm’s quarterly revenue was up 76.7% on a year-over-year basis. During the same period last year, the business posted ($0.34) earnings per share. sell-side analysts predict that Pioneer Energy Services Corp will post -0.38 earnings per share for the current fiscal year.
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About Pioneer Energy Services
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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