Pioneer Energy Services Corp. (NYSE:PES) Stake Held by New York State Teachers Retirement System

New York State Teachers Retirement System held its position in Pioneer Energy Services Corp. (NYSE:PES) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,074 shares of the oil and gas company’s stock at the end of the first quarter. New York State Teachers Retirement System owned about 0.26% of Pioneer Energy Services Corp. worth $792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PES. AXA acquired a new position in Pioneer Energy Services Corp. during the first quarter worth $118,000. Louisiana State Employees Retirement System raised its position in Pioneer Energy Services Corp. by 21.2% in the first quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the oil and gas company’s stock worth $126,000 after buying an additional 5,500 shares during the period. SG Americas Securities LLC acquired a new position in Pioneer Energy Services Corp. during the first quarter worth $138,000. Arizona State Retirement System acquired a new position in Pioneer Energy Services Corp. during the first quarter worth $161,000. Finally, OppenheimerFunds Inc. raised its position in Pioneer Energy Services Corp. by 45.5% in the first quarter. OppenheimerFunds Inc. now owns 47,432 shares of the oil and gas company’s stock worth $190,000 after buying an additional 14,822 shares during the period. 79.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Pioneer Energy Services Corp. (NYSE PES) remained flat at $1.85 during mid-day trading on Friday. The company’s stock had a trading volume of 1,177,977 shares. The firm’s market capitalization is $143.15 million. Pioneer Energy Services Corp. has a 1-year low of $1.70 and a 1-year high of $7.20. The company has a 50-day moving average price of $2.16 and a 200-day moving average price of $3.42.

Pioneer Energy Services Corp. (NYSE:PES) last issued its earnings results on Tuesday, August 1st. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. The company had revenue of $107.13 million during the quarter, compared to analysts’ expectations of $105.23 million. Pioneer Energy Services Corp. had a negative net margin of 33.86% and a negative return on equity of 28.63%. The firm’s quarterly revenue was up 72.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) earnings per share. On average, analysts anticipate that Pioneer Energy Services Corp. will post ($0.66) earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on PES shares. Zacks Investment Research raised shares of Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a report on Thursday, July 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $2.75 target price on shares of Pioneer Energy Services Corp. in a report on Thursday, August 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $6.00 target price (down from $7.00) on shares of Pioneer Energy Services Corp. in a report on Tuesday, May 30th. Seaport Global Securities lowered shares of Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating and cut their target price for the company from $4.50 to $2.00 in a report on Wednesday, June 21st. Finally, ValuEngine raised shares of Pioneer Energy Services Corp. from a “strong sell” rating to a “sell” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.19.

In related news, CEO Stacy Locke bought 25,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was bought at an average cost of $2.74 per share, for a total transaction of $68,500.00. Following the acquisition, the chief executive officer now directly owns 961,267 shares in the company, valued at $2,633,871.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.05% of the stock is owned by corporate insiders.

Pioneer Energy Services Corp. Company Profile

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.

Institutional Ownership by Quarter for Pioneer Energy Services Corp. (NYSE:PES)

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