Pioneer Energy Services (NYSE:PES) issued its earnings results on Tuesday. The oil and gas company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.07, MarketWatch Earnings reports. The business had revenue of $149.33 million for the quarter, compared to analysts’ expectations of $149.27 million. Pioneer Energy Services had a negative return on equity of 19.97% and a negative net margin of 8.19%.
PES traded up $0.55 during trading hours on Thursday, reaching $3.52. The company’s stock had a trading volume of 382,754 shares, compared to its average volume of 603,390. Pioneer Energy Services has a fifty-two week low of $1.83 and a fifty-two week high of $6.35. The stock has a market capitalization of $231.51 million, a PE ratio of -5.03 and a beta of 2.93. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.95 and a current ratio of 2.16.
In related news, Director C John Thompson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $3.30, for a total value of $33,000.00. Following the transaction, the director now directly owns 51,476 shares in the company, valued at $169,870.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 33,000 shares of company stock worth $111,250 over the last quarter. 6.05% of the stock is currently owned by insiders.
About Pioneer Energy Services
Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The company offers contract land drilling services in the Marcellus/Utica, Eagle Ford, Permian Basin, and Bakken regions, as well as in Colombia.
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