Putnam Investments Has Cut Its Gap Inc/The (GPS) Stake; Last Week Pioneer Energy Services Corp. (PES) Analysts

January 13, 2018 - By Marguerite Chambers

Among 14 analysts covering Pioneer Energy (NYSE:PES), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Pioneer Energy had 31 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by Seaport Global Securities given on Friday, September 30. On Monday, October 16 the stock rating was downgraded by Wells Fargo to “Hold”. The rating was upgraded by Seaport Global to “Buy” on Wednesday, December 20. As per Monday, May 2, the company rating was maintained by Wunderlich. The stock of Pioneer Energy Services Corp. (NYSE:PES) earned “Buy” rating by Piper Jaffray on Thursday, August 3. The stock has “Overweight” rating by CapitalOne on Monday, February 6. On Wednesday, June 29 the stock rating was upgraded by Simmons & Co to “Overweight”. As per Friday, October 13, the company rating was downgraded by Goldman Sachs. Jefferies maintained Pioneer Energy Services Corp. (NYSE:PES) on Monday, July 11 with “Hold” rating. Goldman Sachs upgraded the shares of PES in report on Friday, December 16 to “Buy” rating. See Pioneer Energy Services Corp. (NYSE:PES) latest ratings:

20/12/2017 Broker: Seaport Global Old Rating: Neutral New Rating: Buy Upgrade
16/10/2017 Broker: Wells Fargo Rating: Hold New Target: $2.5 Downgrade
13/10/2017 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Downgrade
04/10/2017 Broker: Imperial Capital Rating: In-Line New Target: $3 Initiates Coverage On
17/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $3.0 Maintain
03/08/2017 Broker: Piper Jaffray Rating: Buy New Target: $3.0000 Maintain

Putnam Investments Llc decreased Gap Inc/The (GPS) stake by 15.99% reported in 2017Q3 SEC filing. Putnam Investments Llc sold 89,222 shares as Gap Inc/The (GPS)’s stock declined 8.95%. The Putnam Investments Llc holds 468,850 shares with $13.85 million value, down from 558,072 last quarter. Gap Inc/The now has $13.17 billion valuation. The stock increased 2.05% or $0.68 during the last trading session, reaching $33.87. About 4.80 million shares traded. The Gap, Inc. (NYSE:GPS) has risen 28.94% since January 13, 2017 and is uptrending. It has outperformed by 12.24% the S&P500.

The stock increased 6.67% or $0.25 during the last trading session, reaching $4. About 913,833 shares traded or 17.29% up from the average. Pioneer Energy Services Corp. (NYSE:PES) has risen 5.07% since January 13, 2017 and is uptrending. It has underperformed by 11.63% the S&P500.

Pioneer Energy Services Corp. provides land drilling and production services to gas and oil exploration and production companies in the United States and Colombia. The company has market cap of $308.90 million. The companyÂ’s Drilling Services segment offers contract land drilling services in Texas, North Dakota, Appalachia, and Colombia. It currently has negative earnings. As of December 31, 2016, this segment operated a fleet of 16 AC rigs in the United States and 8 SCR rigs in Colombia.

Since August 1, 2017, it had 0 insider purchases, and 6 insider sales for $18.90 million activity. On Thursday, September 7 Syngal Sonia sold $49,906 worth of The Gap, Inc. (NYSE:GPS) or 1,935 shares. Chapman Paul Joseph also sold $111,769 worth of The Gap, Inc. (NYSE:GPS) shares. Kirwan Jeff also sold $29,380 worth of The Gap, Inc. (NYSE:GPS) on Monday, October 2. Another trade for 666,849 shares valued at $18.67 million was sold by FISHER WILLIAM SYDNEY.

Putnam Investments Llc increased A stake by 96,901 shares to 877,345 valued at $318.85 million in 2017Q3. It also upped Rockwell Automation Inc (NYSE:ROK) stake by 138,606 shares and now owns 423,716 shares. Tyson Foods Inc (NYSE:TSN) was raised too.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.21, from 1.17 in 2017Q2. It is negative, as 44 investors sold GPS shares while 144 reduced holdings. 60 funds opened positions while 120 raised stakes. 204.26 million shares or 4.13% less from 213.05 million shares in 2017Q2 were reported. Ellington Mgmt Grp Inc Limited Company has invested 0.23% in The Gap, Inc. (NYSE:GPS). Ny State Common Retirement Fund has invested 0.02% of its portfolio in The Gap, Inc. (NYSE:GPS). Us Bank De stated it has 53,326 shares or 0.01% of all its holdings. Old Mutual Global Invsts (Uk) Limited accumulated 281,491 shares. Legal And General Group Public Limited Co reported 1.47 million shares. Northwestern Mutual Wealth Mgmt Company reported 16,864 shares or 0% of all its holdings. Prudential Fincl has invested 0.18% in The Gap, Inc. (NYSE:GPS). Cornerstone Mgmt Ltd Liability Corp owns 0.15% invested in The Gap, Inc. (NYSE:GPS) for 650,857 shares. Citadel Lc invested 0% of its portfolio in The Gap, Inc. (NYSE:GPS). Citigroup Incorporated invested in 0.01% or 450,061 shares. Federated Incorporated Pa accumulated 205,689 shares. Van Eck reported 26,476 shares or 0% of all its holdings. Vident Advisory Lc reported 29,049 shares. 1.11 million are owned by Ubs Asset Americas. Millrace Asset holds 1.41% or 51,000 shares.

Among 33 analysts covering The Gap Inc. (NYSE:GPS), 5 have Buy rating, 4 Sell and 24 Hold. Therefore 15% are positive. The Gap Inc. had 158 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Mkt Perform” rating by FBR Capital on Friday, February 26. Cantor Fitzgerald maintained the stock with “Hold” rating in Monday, August 24 report. The firm earned “Neutral” rating on Thursday, April 20 by JP Morgan. The firm has “Neutral” rating given on Tuesday, September 19 by Credit Suisse. The stock of The Gap, Inc. (NYSE:GPS) has “Neutral” rating given on Friday, August 19 by Citigroup. The stock has “Neutral” rating by FBR Capital on Tuesday, August 15. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, May 10 report. As per Friday, November 17, the company rating was maintained by Deutsche Bank. The stock of The Gap, Inc. (NYSE:GPS) earned “Hold” rating by Deutsche Bank on Friday, October 7. Bernstein maintained The Gap, Inc. (NYSE:GPS) on Tuesday, November 17 with “Market Perform” rating.

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