Other equities research analysts also recently issued research reports about the company. Jefferies Group reaffirmed a buy rating and issued a $3.00 price objective on shares of Pioneer Energy Services in a research report on Friday, November 10th. Zacks Investment Research upgraded Pioneer Energy Services from a hold rating to a buy rating and set a $3.00 price objective on the stock in a research note on Wednesday, October 4th. Imperial Capital assumed coverage on Pioneer Energy Services in a research note on Wednesday, October 4th. They issued an in-line rating and a $3.00 price target on the stock. Wells Fargo & Co cut Pioneer Energy Services from an outperform rating to a market perform rating in a research note on Monday, October 16th. Finally, Goldman Sachs Group cut Pioneer Energy Services from a buy rating to a neutral rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $4.53.
Pioneer Energy Services (NYSE PES) remained flat at $$3.70 on Thursday. 785,586 shares of the company traded hands, compared to its average volume of 1,072,802. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.75. The firm has a market capitalization of $287.56, a price-to-earnings ratio of -2.76 and a beta of 2.92. Pioneer Energy Services has a twelve month low of $1.60 and a twelve month high of $6.65.
A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its position in Pioneer Energy Services by 6.5% during the second quarter. Wells Fargo & Company MN now owns 133,963 shares of the oil and gas company’s stock worth $275,000 after buying an additional 8,227 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Pioneer Energy Services by 9.2% in the second quarter. Legal & General Group Plc now owns 137,528 shares of the oil and gas company’s stock valued at $282,000 after buying an additional 11,562 shares during the period. Teachers Advisors LLC lifted its stake in shares of Pioneer Energy Services by 1.5% in the second quarter. Teachers Advisors LLC now owns 1,242,585 shares of the oil and gas company’s stock valued at $2,547,000 after buying an additional 17,760 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Pioneer Energy Services by 1.7% in the second quarter. Principal Financial Group Inc. now owns 1,378,982 shares of the oil and gas company’s stock valued at $2,827,000 after buying an additional 23,293 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Pioneer Energy Services by 35.2% during the second quarter. Alliancebernstein L.P. now owns 92,952 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 24,200 shares during the period. 73.57% of the stock is currently owned by hedge funds and other institutional investors.
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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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