DB:YGO

Stock Analysis Report

Pioneer Energy Services

Executive Summary

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies.

Risk Analysis

Has less than 1 year of cash runway

Shares are highly illiquid

Does not have a meaningful market cap (€3M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Overvalued with poor track record.


Similar Companies

Share Price & News

How has Pioneer Energy Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YGO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

YGO

3.2%

DE Energy Services

1.0%

DE Market


1 Year Return

-95.6%

YGO

-1.7%

DE Energy Services

15.7%

DE Market

Return vs Industry: YGO underperformed the German Energy Services industry which returned -1.7% over the past year.

Return vs Market: YGO underperformed the German Market which returned 15.7% over the past year.


Shareholder returns

YGOIndustryMarket
7 Day0%3.2%1.0%
30 Day0%1.2%1.4%
90 Day-1.7%-2.6%6.7%
1 Year-95.6%-95.6%0.8%-1.7%19.3%15.7%
3 Year-97.5%-97.5%-29.4%-38.9%19.5%8.9%
5 Year-98.3%-98.3%-49.9%-72.6%36.9%18.3%

Price Volatility Vs. Market

How volatile is Pioneer Energy Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Pioneer Energy Services undervalued compared to its fair value and its price relative to the market?

0.024x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate YGO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate YGO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: YGO is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: YGO is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate YGO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: YGO is good value based on its PB Ratio (0x) compared to the XE Energy Services industry average (0.7x).


Next Steps

Future Growth

How is Pioneer Energy Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

16.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YGO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: YGO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: YGO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: YGO's revenue is expected to decline over the next 3 years (-2.5% per year).

High Growth Revenue: YGO's revenue is forecast to decline over the next 3 years (-2.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if YGO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Pioneer Energy Services performed over the past 5 years?

8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YGO has high quality earnings.

Growing Profit Margin: YGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: YGO is unprofitable, but has reduced losses over the past 5 years at a rate of 8.3% per year.

Accelerating Growth: Unable to compare YGO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: YGO is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (86.1%).


Return on Equity

High ROE: YGO has a negative Return on Equity (-60.59%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pioneer Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: YGO's short term assets ($195.8M) exceed its short term liabilities ($98.3M).

Long Term Liabilities: YGO's short term assets ($195.8M) do not cover its long term liabilities ($478.2M).


Debt to Equity History and Analysis

Debt Level: YGO's debt to equity ratio (412.6%) is considered high.

Reducing Debt: YGO's debt to equity ratio has increased from 85.8% to 412.6% over the past 5 years.


Balance Sheet

Inventory Level: YGO has a high level of physical assets or inventory.

Debt Coverage by Assets: YGO's debt is not covered by short term assets (assets are 0.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: YGO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: YGO has less than a year of cash runway if free cash flow continues to grow at historical rates of 19.3% each year.


Next Steps

Dividend

What is Pioneer Energy Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate YGO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate YGO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if YGO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if YGO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of YGO's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Pioneer Energy Services's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average management tenure


CEO

William Locke (63yo)

15.9yrs

Tenure

US$4,714,911

Compensation

Mr. William Stacy Locke, also known as Wm, has been the President of Pioneer Energy Services Corp. (formerly Pioneer Drilling Co) since May 1995 and Chief Executive Officer since December 8, 2003. Mr. Lock ...


CEO Compensation Analysis

Compensation vs Market: William's total compensation ($USD4.71M) is above average for companies of similar size in the German market ($USD431.07K).

Compensation vs Earnings: William's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

7.6yrs

Average Tenure

52yo

Average Age

Experienced Management: YGO's management team is seasoned and experienced (7.6 years average tenure).


Board Age and Tenure

11.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: YGO's board of directors are seasoned and experienced ( 11.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Donald Lacombe (65yo)

    Senior Vice President of Marketing - Drilling Services

    • Tenure: 0yrs
    • Compensation: US$652.62k
  • William Locke (63yo)

    President

    • Tenure: 15.9yrs
    • Compensation: US$4.71m
  • Lorne Phillips (48yo)

    Executive VP & CFO

    • Tenure: 10.8yrs
    • Compensation: US$1.63m
  • Joe Freeman (70yo)

    Business Operations Consulting Services

    • Tenure: 0.8yrs
    • Compensation: US$893.96k
  • Carlos Peña (52yo)

    Executive VP & Chief Strategy Officer

    • Tenure: 11.1yrs
    • Compensation: US$1.54m
  • Brian Tucker (45yo)

    Executive VP & COO

    • Tenure: 0.8yrs
    • Compensation: US$1.52m
  • Scott Keenen

    Senior Vice President of Global Human Resources

    • Tenure: 9.6yrs
  • Dan Petro

    Vice President of Treasury and Investor Relations

    • Tenure: 5.6yrs
  • Bryce Seki (42yo)

    VP, General Counsel

    • Tenure: 1.8yrs

Board Members

  • John Rauh (69yo)

    Independent Director

    • Tenure: 11.1yrs
    • Compensation: US$204.00k
  • Dean Burkhardt (68yo)

    Independent Chairman

    • Tenure: 11.5yrs
    • Compensation: US$277.25k
  • William Locke (63yo)

    President

    • Tenure: 15.9yrs
    • Compensation: US$4.71m
  • C. Thompson (66yo)

    Independent Director

    • Tenure: 18.5yrs
    • Compensation: US$194.00k
  • Scott Urban (65yo)

    Independent Director

    • Tenure: 11.1yrs
    • Compensation: US$202.25k
  • Tammi Morytko (48yo)

    Independent Director

    • Tenure: 0.3yrs

Company Information

Pioneer Energy Services Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pioneer Energy Services Corp.
  • Ticker: YGO
  • Exchange: DB
  • Founded: 1968
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: US$2.769m
  • Listing Market Cap: US$2.503m
  • Shares outstanding: 79.12m
  • Website: https://www.pioneeres.com

Number of Employees


Location

  • Pioneer Energy Services Corp.
  • 1250 NE Loop 410
  • Suite 1000
  • San Antonio
  • Texas
  • 78209
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PESXOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 1981
YGODB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1981
0KIWLSE (London Stock Exchange)YesCommon StockGBUSDFeb 1981

Biography

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. It provides contract land drilling services in the Marcellus/Utica, P ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 21:02
End of Day Share Price2019/08/23 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.