TIAA CREF Investment Management LLC Holds Stake in Pioneer Energy Services Corp. (PES)

TIAA CREF Investment Management LLC continued to hold its stake in Pioneer Energy Services Corp. (NYSE:PES) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,926 shares of the oil and gas company’s stock at the close of the 2nd quarter. TIAA CREF Investment Management LLC owned 0.25% of Pioneer Energy Services Corp. worth $393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Teachers Advisors LLC boosted its holdings in shares of Pioneer Energy Services Corp. by 1.5% in the second quarter. Teachers Advisors LLC now owns 1,242,585 shares of the oil and gas company’s stock valued at $2,547,000 after purchasing an additional 17,760 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Pioneer Energy Services Corp. by 35.2% in the second quarter. Alliancebernstein L.P. now owns 92,952 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 24,200 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Pioneer Energy Services Corp. by 6.5% in the second quarter. Wells Fargo & Company MN now owns 133,963 shares of the oil and gas company’s stock valued at $275,000 after purchasing an additional 8,227 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Pioneer Energy Services Corp. by 93.8% in the second quarter. Franklin Resources Inc. now owns 2,912,950 shares of the oil and gas company’s stock valued at $5,972,000 after purchasing an additional 1,410,000 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Pioneer Energy Services Corp. by 1.7% in the second quarter. Principal Financial Group Inc. now owns 1,378,982 shares of the oil and gas company’s stock valued at $2,827,000 after purchasing an additional 23,293 shares during the period. Hedge funds and other institutional investors own 74.62% of the company’s stock.

Pioneer Energy Services Corp. (NYSE PES) opened at $2.00 on Tuesday. Pioneer Energy Services Corp. has a 12 month low of $1.60 and a 12 month high of $7.20. The company has a quick ratio of 1.61, a current ratio of 1.75 and a debt-to-equity ratio of 1.77.

Pioneer Energy Services Corp. (NYSE:PES) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business had revenue of $117.28 million for the quarter, compared to analyst estimates of $114.82 million. Pioneer Energy Services Corp. had a negative return on equity of 26.46% and a negative net margin of 25.19%. The business’s revenue for the quarter was up 71.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.29) earnings per share. analysts forecast that Pioneer Energy Services Corp. will post -0.68 EPS for the current fiscal year.

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A number of analysts recently issued reports on the company. Seaport Global Securities reiterated a “neutral” rating on shares of Pioneer Energy Services Corp. in a report on Wednesday, August 2nd. Imperial Capital assumed coverage on shares of Pioneer Energy Services Corp. in a research note on Wednesday, October 4th. They issued an “in-line” rating and a $3.00 price objective for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $2.75 price objective on shares of Pioneer Energy Services Corp. in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $3.00 price objective on shares of Pioneer Energy Services Corp. in a research note on Friday, November 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Pioneer Energy Services Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.69.

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

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