Moody's will withdraw all ratings for the company in the near future. Moody's also downgraded the company's CFR to Caa3, its senior secured term loan rating to Caa1 and its senior unsecured notes rating to Ca, reflecting Moody's view on the potential recoveries. Shortly following this rating action, Moody's will withdraw all Pioneer Energy Services' ratings (refer to Moody's rating withdrawal policy on moodys.com).
Tariff tantrums hit the broader stock markets last month, leading to the worst May after 2010. Below we discuss these in detail and the impact on the stock world from these events.
SAN ANTONIO , July 2, 2019 /PRNewswire/ -- Pioneer Energy Services Corp. (NYSE: PES) today announced that Tamara Morytko has been appointed as a new independent director to Pioneer's Board of Directors. ...
Q2 2019 Pioneer Energy Services Corp Earnings Call
Pioneer Energy (PES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SAN ANTONIO , July 15, 2019 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it will release its second quarter 2019 financial results before the market opens on Wednesday, July ...
SAN ANTONIO, Aug. 14, 2019 /PRNewswire/ -- Pioneer Energy Services (PES) today announced that it has been notified by the New York Stock Exchange (the "NYSE") that its common stock has been suspended from trading due to its "abnormally low" trading price levels. Pursuant to Section 802.01D of the NYSE Listed Company Manual, the NYSE has determined to commence proceedings to delist Pioneer's common stock. The Company anticipates that effective August 15, 2019, its common stock will commence trading on OTCQX® under the trading symbol "PESX". The transition to the over-the-counter market will not affect Pioneer's business operations.
SAN ANTONIO , Oct. 29, 2019 /PRNewswire/ -- Pioneer Energy Services (OTCQX: PESX) today announced that it will release its third quarter 2019 financial results before the market opens on Thursday, October ...
SAN ANTONIO , July 31, 2019 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended June 30, 2019. Second quarter highlights include: International ...
We discuss some of the events that dominated the headlines in the first half and influenced the market.
Q3 2019 Pioneer Energy Services Corp Earnings Call
SAN ANTONIO, June 12, 2019 /PRNewswire/ -- Pioneer Energy Services (PES) today announced that it has been notified by the New York Stock Exchange (the "NYSE") that its common stock does not satisfy one of the NYSE's standards for continued listing. The NYSE requires that the average closing price per share of a listed company's stock be no less than $1.00 over a consecutive 30 trading-day period. As of June 11, 2019, the date of the NYSE notice, the 30 trading-day average closing price of Pioneer Energy Services common stock was $0.89 per share.
Pioneer Energy (PES) delivered earnings and revenue surprises of 0.00% and 0.94%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?