Pioneer Energy Services (PES) Director C John Thompson Sells 6,666 Shares

Pioneer Energy Services (NYSE:PES) Director C John Thompson sold 6,666 shares of Pioneer Energy Services stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $4.25, for a total transaction of $28,330.50. Following the completion of the transaction, the director now directly owns 41,818 shares in the company, valued at approximately $177,726.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

C John Thompson also recently made the following trade(s):

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On Friday, March 9th, C John Thompson sold 5,000 shares of Pioneer Energy Services stock. The stock was sold at an average price of $3.05, for a total transaction of $15,250.00. On Monday, March 5th, C John Thompson sold 1,015 shares of Pioneer Energy Services stock. The stock was sold at an average price of $3.01, for a total transaction of $3,055.15. On Monday, February 26th, C John Thompson sold 25,000 shares of Pioneer Energy Services stock. The stock was sold at an average price of $2.94, for a total transaction of $73,500.00.

PES stock opened at $4.60 on Tuesday. The company has a market capitalization of $350.13 million, a P/E ratio of -6.57 and a beta of 2.94. The company has a quick ratio of 2.41, a current ratio of 2.61 and a debt-to-equity ratio of 2.31. Pioneer Energy Services has a 52 week low of $1.60 and a 52 week high of $4.85.

Pioneer Energy Services (NYSE:PES) last released its earnings results on Wednesday, May 2nd. The oil and gas company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The company had revenue of $144.48 million during the quarter, compared to analysts’ expectations of $136.01 million. Pioneer Energy Services had a negative net margin of 12.35% and a negative return on equity of 20.97%. equities research analysts forecast that Pioneer Energy Services will post -0.33 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake in Pioneer Energy Services by 12.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,699,591 shares of the oil and gas company’s stock valued at $4,589,000 after acquiring an additional 182,802 shares during the period. Victory Capital Management Inc. lifted its stake in Pioneer Energy Services by 3.5% during the 1st quarter. Victory Capital Management Inc. now owns 406,900 shares of the oil and gas company’s stock valued at $1,099,000 after acquiring an additional 13,921 shares during the period. Wells Fargo & Company MN lifted its stake in Pioneer Energy Services by 77.1% during the 1st quarter. Wells Fargo & Company MN now owns 208,884 shares of the oil and gas company’s stock valued at $563,000 after acquiring an additional 90,968 shares during the period. Macquarie Group Ltd. lifted its stake in Pioneer Energy Services by 11.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,832,657 shares of the oil and gas company’s stock valued at $11,690,000 after acquiring an additional 391,970 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in Pioneer Energy Services during the 4th quarter valued at approximately $102,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

A number of research firms recently commented on PES. Zacks Investment Research upgraded shares of Pioneer Energy Services from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Thursday, January 18th. Capital One reiterated an “overweight” rating on shares of Pioneer Energy Services in a research note on Friday, February 16th. ValuEngine cut shares of Pioneer Energy Services from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Jefferies Group set a $4.00 target price on shares of Pioneer Energy Services and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Pioneer Energy Services in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.67.

Pioneer Energy Services Company Profile

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The company offers contract land drilling services in the Marcellus/Utica, Eagle Ford, Permian Basin, and Bakken regions, as well as in Colombia.

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