Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies.
Overvalued with worrying balance sheet.
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: PESX's share price has been volatile over the past 3 months.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: PESX underperformed the US Energy Services industry which returned -32.2% over the past year.
Return vs Market: PESX underperformed the US Market which returned 17.8% over the past year.
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
9 months ago | Simply Wall StDid Pioneer Energy Services Corp. (NYSE:PES) Insiders Sell Shares?
11 months ago | Simply Wall StIntroducing Pioneer Energy Services (NYSE:PES), The Stock That Tanked 86%
1 year ago | Simply Wall StWhen Can We Expect A Profit From Pioneer Energy Services Corp. (NYSE:PES)?
Is Pioneer Energy Services undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PESX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PESX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PESX is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: PESX is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PESX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PESX is good value based on its PB Ratio (0x) compared to the US Energy Services industry average (0.6x).
How is Pioneer Energy Services forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PESX is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PESX is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PESX is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PESX's revenue is expected to decline over the next 3 years (-2.9% per year).
High Growth Revenue: PESX's revenue is forecast to decline over the next 3 years (-2.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PESX's Return on Equity is forecast to be high in 3 years time
How has Pioneer Energy Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PESX is currently unprofitable.
Growing Profit Margin: PESX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PESX is unprofitable, but has reduced losses over the past 5 years at a rate of 8.3% per year.
Accelerating Growth: Unable to compare PESX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PESX is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-32.9%).
Return on Equity
High ROE: PESX has a negative Return on Equity (-60.59%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Pioneer Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: PESX's short term assets ($195.8M) exceed its short term liabilities ($98.3M).
Long Term Liabilities: PESX's short term assets ($195.8M) do not cover its long term liabilities ($478.2M).
Debt to Equity History and Analysis
Debt Level: PESX's debt to equity ratio (412.6%) is considered high.
Reducing Debt: PESX's debt to equity ratio has increased from 85.8% to 412.6% over the past 5 years.
Inventory Level: PESX has a high level of physical assets or inventory.
Debt Coverage by Assets: PESX'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: PESX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PESX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -38.8% each year
What is Pioneer Energy Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PESX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PESX'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 PESX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PESX'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 PESX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
William Locke (63yo)
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 US market ($USD521.92K).
Compensation vs Earnings: William's compensation has increased whilst the company is unprofitable.
|Executive VP & CFO||11yrs||US$1.63m||0.39% $11.7k|
|Executive VP & COO||1.1yrs||US$1.52m||0.18% $5.4k|
|Executive VP & Chief Strategy Officer||11.3yrs||US$1.54m||0.24% $7.3k|
|Business Operations Consulting Services||1.1yrs||US$893.96k||0.053% $1.6k|
|Vice President of Treasury and Investor Relations||5.8yrs||no data||no data|
|VP, General Counsel||2.1yrs||no data||0.044% $1.3k|
|Senior Vice President of Global Human Resources||9.8yrs||no data||no data|
|Senior Vice President of Marketing - Drilling Services||0yrs||US$652.62k||no data|
Experienced Management: PESX's management team is seasoned and experienced (7.8 years average tenure).
|Independent Director||11.3yrs||US$204.00k||0.48% $14.5k|
|Independent Chairman||11.8yrs||US$277.25k||0.51% $15.3k|
|Independent Director||18.8yrs||US$194.00k||0.25% $7.7k|
|Independent Director||11.3yrs||US$202.25k||0.45% $13.6k|
|Independent Director||0.6yrs||no data||0.10% $3.1k|
Experienced Board: PESX's board of directors are seasoned and experienced ( 11.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pioneer Energy Services Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Pioneer Energy Services Corp.
- Ticker: PESX
- Exchange: OTCPK
- Founded: 1968
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: US$3.023m
- Shares outstanding: 79.12m
- Website: https://www.pioneeres.com
Number of Employees
- Pioneer Energy Services Corp.
- 1250 NE Loop 410
- Suite 1000
- San Antonio
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PESX||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Feb 1981|
|YGO||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 1981|
|0KIW||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Feb 1981|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 00:44|
|End of Day Share Price||2020/02/21 00:00|
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.