Economy

Pioneer Energy Services Corp

Traders are a little more bearish on Pioneer Energy Services Corp. As of quarter end Bluecrest Capital Management Ltd had acquired 64,251 shares growing its position 532.0%. Phoenix Investment Adviser LLC boosted its position in shares of Pioneer Energy Services Corp.by 31.4% in the second quarter. Point72 Asset Management, L.p. claims 250,000 shares with a value of $513,000. Van Den Berg Management I Inc. boosted its stake in shares of Pioneer Energy Services Corp.by 104.1% during the first quarter. Federated Investors Inc. PA now owns 128,974 shares of the oil and gas company's stock worth $264,000 after buying an additional 40,816 shares during the period. The company realized a rise in short interest of 11.25% as of August 31, 2017 from the last reporting period. (NYSE PES) opened at 2.25 on Tuesday. The firm's market cap is $170.23 million.

It is trading at $2.25 significantly higher than the 50 day moving average which is $1.96 and well below the 200 day moving average of $2.76.

Pioneer Energy Services Corp. had a negative net margin of 33.86% and a negative return on equity of 28.63%. Pioneer Energy Services Corp.

In the last earnings report the EPS was $-1.62 and is expected to be $-0.66 for the current year with 77,376,000 shares now outstanding. The firm had revenue of $107.13 million for the quarter, compared to analyst estimates of $105.23 million. Next quarter's EPS is forecasted at $-0.11 with next year's EPS anticipated to be $-0.31. Pioneer Energy Services Corp.'s quarterly revenue was up 72.0% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: "Pioneer Energy Services Corp". (NYSE:PES) has been trending somewhat positive recently, Accern Sentiment Analysis reports.

Recently, In analysts note revealed to clients and investors on Sunday morning, C&J Energy Services Inc (CJ) shares have had their "Buy" Rating reiterated by professional analysts at Piper Jaffray, who now has a $37.25 price target on firm. "(PES) Stake Increased by Royce & Associates LP" was posted by Equities Focus and is the property of of Equities Focus. Deutsche Bank AG reaffirmed a "hold" rating and issued a $6.00 target price (down previously from $7.00) on shares of Pioneer Energy Services Corp.in a research report on Tuesday, May 30th.

On June 21 the stock rating was downgraded from "Buy" to "Neutral" in a report issued by Seaport Global. If you are reading this report on another domain, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright laws. The original version of this report can be read at https://www.truebluetribune.com/2017/09/19/valuengine-lowers-pioneer-energy-services-corp-pes-to-strong-sell.html. Pioneer Energy Services Corp. now has a consensus rating of "Hold" and an average target price of $5.19. Accern also assigned headlines about the oil and gas company an impact score of 44.9370615035415 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

These funds have shifted positions in (PES).

C&J Energy Services, Inc.is a completion and production services company, which provides well construction, well completions and well services to the gas and oil industry. The Company operates through two segments, which include drilling services segment and production services segment.



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