Pioneer Energy Services Corp. (PES) Shares Sold by Credit Suisse AG

Credit Suisse AG lessened its position in Pioneer Energy Services Corp. (NYSE:PES) by 35.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,738 shares of the oil and gas company’s stock after selling 19,290 shares during the quarter. Credit Suisse AG’s holdings in Pioneer Energy Services Corp. were worth $139,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PES. Van Den Berg Management I Inc. raised its holdings in shares of Pioneer Energy Services Corp. by 104.1% in the 1st quarter. Van Den Berg Management I Inc. now owns 4,105,301 shares of the oil and gas company’s stock valued at $16,421,000 after buying an additional 2,094,010 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Pioneer Energy Services Corp. by 19.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,549,757 shares of the oil and gas company’s stock valued at $26,199,000 after buying an additional 1,044,979 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Pioneer Energy Services Corp. in the 1st quarter valued at $1,940,000. Marshall Wace North America L.P. purchased a new stake in shares of Pioneer Energy Services Corp. in the 1st quarter valued at $1,940,000. Finally, AQR Capital Management LLC raised its holdings in shares of Pioneer Energy Services Corp. by 113.9% in the 1st quarter. AQR Capital Management LLC now owns 448,227 shares of the oil and gas company’s stock valued at $1,793,000 after buying an additional 238,720 shares during the period. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Shares of Pioneer Energy Services Corp. (NYSE PES) traded down 7.32% during midday trading on Friday, reaching $1.90. The company’s stock had a trading volume of 373,558 shares. Pioneer Energy Services Corp. has a 52 week low of $1.60 and a 52 week high of $7.20. The firm’s market capitalization is $147.01 million. The firm’s 50 day moving average is $1.99 and its 200 day moving average is $2.97.

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

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

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About Pioneer Energy Services Corp.

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

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