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Pioneer Energy Services

NYSE:PES
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PES
NYSE
$20M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Pioneer Energy Services has significant price volatility in the past 3 months.
PES Share Price and Events
7 Day Returns
-19.4%
NYSE:PES
4.1%
US Energy Services
1.4%
US Market
1 Year Returns
-95.2%
NYSE:PES
-39.8%
US Energy Services
4.9%
US Market
PES Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pioneer Energy Services (PES) -19.4% -38.7% -86.5% -95.2% -94% -98.6%
US Energy Services 4.1% 2.1% -14% -39.8% -46.7% -72.9%
US Market 1.4% 3.8% 3.5% 4.9% 44.8% 40.1%
1 Year Return vs Industry and Market
  • PES underperformed the Energy Services industry which returned -39.8% over the past year.
  • PES underperformed the Market in United States of America which returned 4.9% over the past year.
Price Volatility
PES
Industry
5yr Volatility vs Market

Value

 Is Pioneer Energy Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pioneer Energy Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pioneer Energy Services.

NYSE:PES Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:PES
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.037 (1 + (1- 21%) (2401.29%))
14.202
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:PES using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pioneer Energy Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:PES DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 2.00 Analyst x3 1.75
2020 10.92 Analyst x5 8.31
2021 57.50 Analyst x1 38.15
2022 51.80 Analyst x1 29.98
2023 48.44 Est @ -6.49% 24.45
2024 46.64 Est @ -3.72% 20.53
2025 45.80 Est @ -1.79% 17.59
2026 45.61 Est @ -0.43% 15.28
2027 45.84 Est @ 0.52% 13.39
2028 46.38 Est @ 1.18% 11.82
Present value of next 10 years cash flows $181.26
NYSE:PES DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $46.38 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$399.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $399.75 ÷ (1 + 14.65%)10
$101.87
NYSE:PES Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $181.26 + $101.87
$283.13
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $283.13 / 78.46
$3.61
NYSE:PES Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.61
Current discount Discount to share price of $0.25
= -1 x ($0.25 - $3.61) / $3.61
93%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pioneer Energy Services is available for.
Intrinsic value
>50%
Share price is $0.25 vs Future cash flow value of $3.61
Current Discount Checks
For Pioneer Energy Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pioneer Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pioneer Energy Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pioneer Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pioneer Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:PES PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.68
NYSE:PES Share Price ** NYSE (2019-06-25) in USD $0.25
United States of America Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 19.58x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pioneer Energy Services.

NYSE:PES PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PES Share Price ÷ EPS (both in USD)

= 0.25 ÷ -0.68

-0.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pioneer Energy Services is loss making, we can't compare its value to the US Energy Services industry average.
  • Pioneer Energy Services is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Pioneer Energy Services's expected growth come at a high price?
Raw Data
NYSE:PES PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
70.1%per year
United States of America Energy Services Industry PEG Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Pioneer Energy Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pioneer Energy Services's assets?
Raw Data
NYSE:PES PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.93
NYSE:PES Share Price * NYSE (2019-06-25) in USD $0.25
United States of America Energy Services Industry PB Ratio Median Figure of 88 Publicly-Listed Energy Services Companies 0.84x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.79x
NYSE:PES PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PES Share Price ÷ Book Value per Share (both in USD)

= 0.25 ÷ 1.93

0.13x

* Primary Listing of Pioneer Energy Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pioneer Energy Services is good value based on assets compared to the US Energy Services industry average.
X
Value checks
We assess Pioneer Energy Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Pioneer Energy Services has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pioneer Energy Services expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
70.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pioneer Energy Services expected to grow at an attractive rate?
  • Pioneer Energy Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Pioneer Energy Services's earnings growth is expected to exceed the United States of America market average.
  • Pioneer Energy Services's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:PES Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:PES Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 70.1%
NYSE:PES Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.6%
United States of America Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 40.3%
United States of America Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:PES Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PES Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 713 117 12 1
2021-12-31 681 123 -4 1
2020-12-31 664 56 -23 8
2019-12-31 613 39 -46 8
NYSE:PES Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 592 24 -53
2018-12-31 590 40 -49
2018-09-30 575 27 -47
2018-06-30 543 28 -59
2018-03-31 495 21 -61
2017-12-31 446 -6 -75
2017-09-30 392 -14 -99
2017-06-30 343 -25 -116
2017-03-31 298 -26 -126
2016-12-31 277 5 -128
2016-09-30 310 11 -141
2016-06-30 349 35 -124

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pioneer Energy Services's earnings are expected to grow significantly at over 20% yearly.
  • Pioneer Energy Services's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:PES Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Pioneer Energy Services Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PES Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.15 0.15 0.15 1.00
2021-12-31 -0.05 -0.05 -0.05 1.00
2020-12-31 -0.30 -0.20 -0.40 8.00
2019-12-31 -0.57 -0.48 -0.75 8.00
NYSE:PES Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.68
2018-12-31 -0.63
2018-09-30 -0.61
2018-06-30 -0.76
2018-03-31 -0.79
2017-12-31 -0.97
2017-09-30 -1.32
2017-06-30 -1.62
2017-03-31 -1.83
2016-12-31 -1.96
2016-09-30 -2.17
2016-06-30 -1.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pioneer Energy Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pioneer Energy Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pioneer Energy Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pioneer Energy Services's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pioneer Energy Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pioneer Energy Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pioneer Energy Services's 1-year growth to the US Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Pioneer Energy Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pioneer Energy Services Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PES Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 592.19 -52.99 75.07
2018-12-31 590.10 -49.01 74.39
2018-09-30 574.88 -47.08 76.18
2018-06-30 542.83 -59.08 80.07
2018-03-31 495.18 -61.13 71.50
2017-12-31 446.46 -75.12 69.73
2017-09-30 391.65 -98.64 66.87
2017-06-30 342.72 -116.03 62.78
2017-03-31 297.88 -125.82 62.27
2016-12-31 277.08 -128.39 61.34
2016-09-30 310.07 -140.61 62.94
2016-06-30 349.20 -123.53 64.60
2016-03-31 421.92 -170.82 67.99
2015-12-31 540.78 -155.14 73.72
2015-09-30 719.42 -154.41 82.65
2015-06-30 885.20 -124.42 93.67
2015-03-31 1,010.00 -47.46 100.75
2014-12-31 1,055.22 -38.02 102.83
2014-09-30 1,010.30 7.04 100.98
2014-06-30 981.01 -11.64 98.07
2014-03-31 969.55 -37.22 95.97
2013-12-31 960.19 -35.93 94.95
2013-09-30 949.87 -29.86 91.80
2013-06-30 935.67 -21.01 88.98
2013-03-31 917.14 14.57 87.45
2012-12-31 919.44 30.03 85.16
2012-09-30 895.23 33.29 83.94
2012-06-30 853.11 37.42 81.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pioneer Energy Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pioneer Energy Services has efficiently used its assets last year compared to the US Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pioneer Energy Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pioneer Energy Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pioneer Energy Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pioneer Energy Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pioneer Energy Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pioneer Energy Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pioneer Energy Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pioneer Energy Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pioneer Energy Services Company Filings, last reported 2 months ago.

NYSE:PES Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 150.97 465.32 26.86
2018-12-31 165.06 464.55 53.57
2018-09-30 178.50 463.81 51.47
2018-06-30 182.69 463.07 61.52
2018-03-31 200.19 462.34 68.73
2017-12-31 210.10 461.67 73.64
2017-09-30 221.53 392.60 10.85
2017-06-30 237.87 383.10 6.89
2017-03-31 257.24 373.63 7.29
2016-12-31 281.40 339.47 10.19
2016-09-30 251.10 399.51 9.70
2016-06-30 285.15 387.55 14.58
2016-03-31 315.11 387.62 18.67
2015-12-31 342.64 387.22 14.16
2015-09-30 388.88 410.00 35.68
2015-06-30 406.05 410.00 62.47
2015-03-31 483.08 430.00 35.68
2014-12-31 495.06 455.08 34.92
2014-09-30 540.88 463.73 26.44
2014-06-30 519.79 494.06 23.71
2014-03-31 517.55 703.30 20.81
2013-12-31 518.43 502.51 27.39
2013-09-30 518.87 534.44 17.09
2013-06-30 523.45 549.21 17.58
2013-03-31 547.86 559.17 10.51
2012-12-31 547.68 519.60 23.73
2012-09-30 542.34 499.37 6.89
2012-06-30 537.94 454.16 20.58
  • Pioneer Energy Services's level of debt (308.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (135.4% vs 308.2% today).
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.

  • Pioneer Energy Services has less than a year of cash runway based on current free cash flow.
  • Pioneer Energy Services has less than a year of cash runway if free cash flow continues to reduce at historical rates of -8.8% each year.
X
Financial health checks
We assess Pioneer Energy Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pioneer Energy Services has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pioneer Energy Services dividends.
If you bought $2,000 of Pioneer Energy Services shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pioneer Energy Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pioneer Energy Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:PES Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:PES Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pioneer Energy Services has not reported any payouts.
  • Unable to verify if Pioneer Energy Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pioneer Energy Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pioneer Energy Services has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pioneer Energy Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pioneer Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pioneer Energy Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
William Locke
COMPENSATION $4,714,911
AGE 62
TENURE AS CEO 15.5 years
CEO Bio

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. Locke has over 35 years of industry and management experience. Mr. Locke served as the Chief Financial Officer of Pioneer Drilling Co., from August 2000 to December 2003. Mr. Locke served as Pioneer Drilling Co.'s President and Chief Operating Officer from November 1998 to August 2000 and as President and Chief Executive Officer from May 1995 to November 1998. Prior to joining Pioneer Drilling Company, Mr. Locke served as Vice President of Investment Banking with Arneson, Kercheville, Ehrenberg & Associates, Inc. from January 1993 to April 1995. He was Vice President of Investment Banking with Chemical Banking Corporation's Texas Commerce Bank from 1988 to 1992. He was Senior Geologist with Huffco Petroleum Corporation from 1982 to 1986. From 1979 to 1982, Mr. Locke served for Tesoro Petroleum Corporation and Valero Energy as a Geologist. He has been an Executive Director of Pioneer Energy Services Corp. (formerly Pioneer Drilling Co) since May 1995. Mr. Locke received a Bachelor's Degree in Geology from the University of California Santa Barbara and a Master of Business Administration Degree from Southern Methodist University.

CEO Compensation
  • William's compensation has increased whilst company is loss making.
  • William's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Pioneer Energy Services management team in years:

7.2
Average Tenure
51
Average Age
  • The average tenure for the Pioneer Energy Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

William Locke

TITLE
President
COMPENSATION
$5M
AGE
62
TENURE
15.5 yrs

Lorne Phillips

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
47
TENURE
10.3 yrs

Brian Tucker

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
44
TENURE
0.4 yrs

Carlos Peña

TITLE
Executive VP & Chief Strategy Officer
COMPENSATION
$2M
AGE
51
TENURE
10.7 yrs

Joe Freeman

TITLE
Business Operations Consulting Services
COMPENSATION
$894K
AGE
69
TENURE
0.4 yrs

Dan Petro

TITLE
Treasurer & Director of Investor Relations
TENURE
5.2 yrs

Bryce Seki

TITLE
VP, General Counsel
AGE
41
TENURE
1.4 yrs

Scott Keenen

TITLE
Senior Vice President of Global Human Resources
TENURE
9.2 yrs

Donald Lacombe

TITLE
Senior Vice President of Marketing - Drilling Services
COMPENSATION
$653K
AGE
64
Board of Directors Tenure

Average tenure and age of the Pioneer Energy Services board of directors in years:

11.1
Average Tenure
65
Average Age
  • The average tenure for the Pioneer Energy Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dean Burkhardt

TITLE
Chairman
COMPENSATION
$277K
AGE
67
TENURE
11.1 yrs

William Locke

TITLE
President
COMPENSATION
$5M
AGE
62
TENURE
24.1 yrs

John Rauh

TITLE
Director
COMPENSATION
$204K
AGE
68
TENURE
10.7 yrs

Scott Urban

TITLE
Director
COMPENSATION
$202K
AGE
64
TENURE
10.7 yrs

C. Thompson

TITLE
Director
COMPENSATION
$194K
AGE
65
TENURE
18.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. Aug 18 Sell C. Thompson Individual 23. Aug 18 23. Aug 18 -6,000 $3.60 $-21,600
21. Aug 18 Sell C. Thompson Individual 17. Aug 18 17. Aug 18 -2,000 $3.05 $-6,100
10. Aug 18 Buy William Locke Individual 09. Aug 18 10. Aug 18 15,000 $3.19 $47,463
06. Aug 18 Sell C. Thompson Individual 03. Aug 18 06. Aug 18 -15,000 $3.50 $-50,500
X
Management checks
We assess Pioneer Energy Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pioneer Energy Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did Pioneer Energy Services Corp. (NYSE:PES) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in Pioneer Energy Services Corp. … Does Pioneer Energy Services Boast High Insider Ownership. … It doesn't really mean much that no insider has traded Pioneer Energy Services shares in the last quarter.

Simply Wall St -

Introducing Pioneer Energy Services (NYSE:PES), The Stock That Tanked 86%

This week we saw the Pioneer Energy Services Corp. … Because Pioneer Energy Services is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … In the last five years Pioneer Energy Services saw its revenue shrink by 21% per year.

Simply Wall St -

When Can We Expect A Profit From Pioneer Energy Services Corp. (NYSE:PES)?

Pioneer Energy Services Corp.'s (NYSE:PES):. … Pioneer Energy Services Corp. … View our latest analysis for Pioneer Energy Services

Simply Wall St -

Is Pioneer Energy Services Corp.'s (NYSE:PES) CEO Paid At A Competitive Rate?

William Locke has been the CEO of Pioneer Energy Services Corp. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does William Locke's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do Institutions Own Shares In Pioneer Energy Services Corp. (NYSE:PES)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Pioneer Energy Services is a smaller company with a market capitalization of US$129m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Pioneer Energy Services Corp's (NYSE:PES) Shift From Loss To Profit

Pioneer Energy Services Corp's (NYSE:PES):. … Pioneer Energy Services Corp. … PES is bordering on breakeven, according to Energy Services analysts.

Simply Wall St -

What Did Pioneer Energy Services Corp's (NYSE:PES) CEO Take Home Last Year?

William Locke has been the CEO of Pioneer Energy Services Corp (NYSE:PES) since 2003. … At the time of writing our data says that Pioneer Energy Services Corp has a market cap of US$248m, and is paying total annual CEO compensation of US$4m. … It would therefore appear that Pioneer Energy Services Corp pays William Locke more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

Who Are Pioneer Energy Services Corp's (NYSE:PES) Major Shareholders?

In this article, I'm going to take a look at Pioneer Energy Services Corp’s (NYSE:PES) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Therefore, it is beneficial for us to examine PES's ownership structure in more detail. … See our latest analysis for Pioneer Energy Services

Simply Wall St -

Breakeven On The Horizon For Pioneer Energy Services Corp (NYSE:PES)

Pioneer Energy Services Corp's (NYSE:PES):. … Pioneer Energy Services Corp. … Expectation from Energy Services analysts is PES is on the verge of breakeven.

Simply Wall St -

Pioneer Energy Services Corp's (NYSE:PES) Path To Profitability

In this article, I will touch on the expectations for PES’s growth and when analysts expect the company to become profitable. … See our latest analysis for Pioneer Energy Services According to the industry analysts covering PES, breakeven is near. … Working backwards from analyst estimates, it turns out that they expect the company to grow 98.47% year-on-year, on average, which signals high confidence from analysts.

Simply Wall St -

Company Info

Description

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, Permian Basin and Eagle Ford, and Bakken regions, as well as in Colombia. The company operates 16 AC rigs in the United States and 8 SCR rigs in Colombia. It also provides well, wireline, and coiled tubing services to various exploration and production companies in the onshore oil and gas producing regions in the Gulf Coast, Mid-Continent, and Rocky Mountain states. As of December 31, 2018, the company had a fleet of 113 rigs with 550 horsepower and 12 rigs with 600 horsepower; and 9 coiled tubing units. The company was formerly known as Pioneer Drilling Company and changed its name to Pioneer Energy Services Corp. in 2012. Pioneer Energy Services Corp. was founded in 1968 and is headquartered in San Antonio, Texas.

Details
Name: Pioneer Energy Services Corp.
PES
Exchange: NYSE
Founded: 1968
$19,770,977
78,456,260
Website: http://www.pioneeres.com
Address: Pioneer Energy Services Corp.
1250 NE Loop 410,
Suite 1000,
San Antonio,
Texas, 78209,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PES Common Stock New York Stock Exchange US USD 04. Feb 1981
DB YGO Common Stock Deutsche Boerse AG DE EUR 04. Feb 1981
Number of employees
Current staff
Staff numbers
2,400
Pioneer Energy Services employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 23:46
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.