Pioneer Energy Services Corp (PES) Position Raised by Everence Capital Management Inc.

Everence Capital Management Inc. increased its position in shares of Pioneer Energy Services Corp (NYSE:PES) by 133.0% during the 1st quarter, HoldingsChannel reports. The firm owned 83,910 shares of the oil and gas company’s stock after buying an additional 47,890 shares during the quarter. Everence Capital Management Inc.’s holdings in Pioneer Energy Services were worth $149,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its holdings in Pioneer Energy Services by 92.9% during the first quarter. BNP Paribas Arbitrage SA now owns 16,993 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 8,184 shares in the last quarter. SG Americas Securities LLC raised its holdings in Pioneer Energy Services by 60.4% during the first quarter. SG Americas Securities LLC now owns 32,923 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 12,392 shares in the last quarter. Legal & General Group Plc raised its holdings in Pioneer Energy Services by 10.8% during the third quarter. Legal & General Group Plc now owns 170,818 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 16,670 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in Pioneer Energy Services by 58.6% during the third quarter. MetLife Investment Advisors LLC now owns 61,901 shares of the oil and gas company’s stock worth $183,000 after purchasing an additional 22,879 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Pioneer Energy Services by 11.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 238,420 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 23,582 shares in the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised Pioneer Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $3.44.

NYSE PES opened at $0.73 on Wednesday. The firm has a market capitalization of $62.00 million, a price-to-earnings ratio of -1.40 and a beta of 2.99. Pioneer Energy Services Corp has a 1 year low of $0.62 and a 1 year high of $6.35. The company has a current ratio of 1.99, a quick ratio of 1.80 and a debt-to-equity ratio of 3.13.

Pioneer Energy Services (NYSE:PES) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.04. The company had revenue of $146.57 million for the quarter, compared to analysts’ expectations of $143.93 million. Pioneer Energy Services had a negative return on equity of 26.33% and a negative net margin of 8.95%. As a group, analysts anticipate that Pioneer Energy Services Corp will post -0.51 EPS for the current year.

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About Pioneer Energy Services

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia.

Further Reading: Fibonacci Channel

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

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