Van Den Berg Management I Inc. lifted its stake in Pioneer Energy Services Corp (NYSE:PES) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,515,234 shares of the oil and gas company’s stock after acquiring an additional 596,900 shares during the period. Pioneer Energy Services makes up about 2.6% of Van Den Berg Management I Inc.’s holdings, making the stock its 16th largest holding. Van Den Berg Management I Inc. owned 9.67% of Pioneer Energy Services worth $22,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of PES. Macquarie Group Ltd. boosted its holdings in shares of Pioneer Energy Services by 67.1% in the third quarter. Macquarie Group Ltd. now owns 3,440,687 shares of the oil and gas company’s stock worth $8,774,000 after acquiring an additional 1,382,209 shares during the period. Guggenheim Capital LLC raised its position in shares of Pioneer Energy Services by 647.2% in the fourth quarter. Guggenheim Capital LLC now owns 475,868 shares of the oil and gas company’s stock worth $1,450,000 after buying an additional 412,181 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of Pioneer Energy Services in the fourth quarter worth $941,000. Schwab Charles Investment Management Inc. raised its position in shares of Pioneer Energy Services by 24.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,516,789 shares of the oil and gas company’s stock worth $4,627,000 after buying an additional 299,737 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Pioneer Energy Services by 3.7% in the second quarter. Vanguard Group Inc. now owns 3,797,501 shares of the oil and gas company’s stock worth $7,785,000 after buying an additional 134,045 shares in the last quarter. 73.47% of the stock is owned by hedge funds and other institutional investors.
In other Pioneer Energy Services news, Director C John Thompson sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $2.94, for a total transaction of $73,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.05% of the company’s stock.
Pioneer Energy Services Corp (PES) traded up $0.10 during midday trading on Monday, reaching $3.20. The company’s stock had a trading volume of 55,752 shares, compared to its average volume of 816,615. Pioneer Energy Services Corp has a twelve month low of $1.60 and a twelve month high of $4.68. The company has a quick ratio of 2.37, a current ratio of 2.54 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $241.16, a P/E ratio of -3.20 and a beta of 2.94.
Pioneer Energy Services (NYSE:PES) last released its quarterly earnings results on Friday, February 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.03). Pioneer Energy Services had a negative net margin of 16.83% and a negative return on equity of 23.31%. The firm had revenue of $126.29 million for the quarter, compared to analysts’ expectations of $125.99 million. During the same quarter in the previous year, the business earned ($0.34) EPS. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. analysts expect that Pioneer Energy Services Corp will post -0.37 earnings per share for the current year.
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Pioneer Energy Services 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.
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