New York State Common Retirement Fund Has $2,895,000 Position in Pioneer Energy Services Corp. (PES)

New York State Common Retirement Fund Has $2,895,000 Position in Pioneer Energy Services Corp. (PES)

New York State Common Retirement Fund increased its stake in shares of Pioneer Energy Services Corp. (NYSE:PES) by 98.5% during the third quarter, Holdings Channel reports. The firm owned 716,639 shares of the company’s stock after buying an additional 355,560 shares during the period. New York State Common Retirement Fund owned approximately 1.10% of Pioneer Energy Services Corp. worth $2,895,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Pioneer Energy Services Corp. by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,076,844 shares of the company’s stock valued at $23,354,000 after buying an additional 46,217 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Pioneer Energy Services Corp. by 8.4% in the third quarter. BlackRock Fund Advisors now owns 4,690,316 shares of the company’s stock valued at $18,949,000 after buying an additional 362,144 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Pioneer Energy Services Corp. by 11.1% in the third quarter. Bank of New York Mellon Corp now owns 3,152,297 shares of the company’s stock valued at $12,736,000 after buying an additional 314,067 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Pioneer Energy Services Corp. by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 2,652,244 shares of the company’s stock valued at $10,715,000 after buying an additional 25,126 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in Pioneer Energy Services Corp. by 1.5% in the second quarter. Panagora Asset Management Inc. now owns 1,860,372 shares of the company’s stock valued at $8,557,000 after buying an additional 27,726 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

Shares of Pioneer Energy Services Corp. (NYSE:PES) traded down 3.516% on Friday, reaching $6.175. The company had a trading volume of 564,702 shares. The firm’s market capitalization is $400.78 million. The company’s 50-day moving average price is $6.33 and its 200-day moving average price is $4.52. Pioneer Energy Services Corp. has a 52-week low of $1.03 and a 52-week high of $7.20.

Pioneer Energy Services Corp. (NYSE:PES) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.29) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.04. The firm had revenue of $68.40 million for the quarter, compared to analyst estimates of $63.11 million. Pioneer Energy Services Corp. had a negative return on equity of 24.83% and a negative net margin of 45.35%. The business’s quarterly revenue was down 36.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.25) EPS. On average, analysts predict that Pioneer Energy Services Corp. will post ($1.21) earnings per share for the current year.

Several equities research analysts have recently weighed in on PES shares. Zacks Investment Research raised Pioneer Energy Services Corp. from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Tuesday, November 8th. Seaport Global Securities raised Pioneer Energy Services Corp. from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Friday, September 30th. Raymond James Financial, Inc. raised Pioneer Energy Services Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, November 2nd. DA Davidson reissued a “buy” rating and issued a $5.00 price objective on shares of Pioneer Energy Services Corp. in a research report on Wednesday, November 9th. Finally, Goldman Sachs Group, Inc. (The) raised Pioneer Energy Services Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, December 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $4.72.

Pioneer Energy Services Corp. Company Profile

Pioneer Energy Services Corp. provides land-based drilling services and production services to oil and gas exploration, and production companies in the United States and internationally in Colombia. The Company operates through two segments: Drilling Services and Production Services. The Drilling Services Segment provides contract land drilling services to a group of exploration and production companies through its four drilling divisions in the United States, and internationally in Colombia.

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