Pioneer Energy Services Corp (NYSE:PES) shares traded up 2.6% during trading on Monday . The company traded as high as $0.39 and last traded at $0.39. 487,543 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 5,074,061 shares. The stock had previously closed at $0.38.

A number of research analysts have recently commented on the company. Imperial Capital dropped their price target on Pioneer Energy Services from $2.00 to $1.00 and set an “in-line” rating for the company in a research note on Thursday, May 30th. ValuEngine cut Pioneer Energy Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.19.

The firm has a market cap of $29.97 million, a price-to-earnings ratio of -0.62 and a beta of 3.63. The company has a quick ratio of 1.80, a current ratio of 1.99 and a debt-to-equity ratio of 3.13.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in Pioneer Energy Services by 92.9% in the first quarter. BNP Paribas Arbitrage SA now owns 16,993 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 8,184 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Pioneer Energy Services in the first quarter valued at $47,000. Oregon Public Employees Retirement Fund acquired a new stake in Pioneer Energy Services in the fourth quarter valued at $37,000. SG Americas Securities LLC increased its holdings in Pioneer Energy Services by 60.4% in the first quarter. SG Americas Securities LLC now owns 32,923 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 12,392 shares during the period. Finally, Mackay Shields LLC acquired a new stake in Pioneer Energy Services in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 72.40% of the company’s stock.

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Pioneer Energy Services Company Profile (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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