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Last $5.46 USD
Change Today +0.06 / 1.11%
Volume 1.5M
PES On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

pioneer energy services corp (PES) Snapshot

Open
$5.34
Previous Close
$5.40
Day High
$5.55
Day Low
$5.25
52 Week High
07/16/14 - $18.40
52 Week Low
01/20/15 - $3.67
Market Cap
351.7M
Average Volume 10 Days
1.5M
EPS TTM
$0.24
Shares Outstanding
64.4M
EX-Date
--
P/E TM
22.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for PIONEER ENERGY SERVICES CORP (PES)

pioneer energy services corp (PES) Related Businessweek News

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pioneer energy services corp (PES) Details

Pioneer Drilling Co. provides contract land drilling services to oil and natural gas exploration and production companies in the U.S. The company also supplies drilling crews and ancillary equipment for operating its rigs. As of May, 2006, its rig fleet comprised 57 operating drilling rigs, of which 15 were operating in south Texas, 18 in east Texas, 7 in north Texas, 5 in western Oklahoma, and 12 in the Rocky Mountains. Pioneer Drilling, based in San Antonio, was founded in 1968.

3,400 Employees
Last Reported Date: 02/17/15
Founded in 1968

pioneer energy services corp (PES) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $715.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $375.0K
Senior Vice President, Compliance Officer, Ge...
Total Annual Compensation: $345.0K
Compensation as of Fiscal Year 2014.

pioneer energy services corp (PES) Key Developments

Pioneer Energy Services Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 03:30 PM

Pioneer Energy Services Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 03:30 PM. Venue: JW Marriott Hotel, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Dan Petro, Director of Corporate Development and Investor Relations.

Pioneer Energy Services Seeks Acquisitions

Pioneer Energy Services Corp. (NYSE:PES) intends to use the net proceeds from the sales of the securities for general corporate purposes, which may include capital expenditures, working capital, acquisitions, repayment or refinancing of indebtedness, investments in our subsidiaries, or repurchasing or redeeming our securities.

Pioneer Energy Services Corp. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings and Production Guidance for the Second Quarter of 2015 and Earnings Guidance for the Third and Fourth Quarter and Full Year of 2015

Pioneer Energy Services Corp. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $193,814,000 compared to $239,034,000 for the same quarter ended March 31, 2014. Loss from operations was $8,334,000 compared with income from operations $17,935,000 a year ago. Loss before income taxes was $16,469,000 compared with $2,542,000 a year ago. Net loss was $12,019,000 compared with $2,579,000 a year ago. Basic and diluted loss per share was $0.19 compared with $0.04 a year ago. Net cash provided by operating activities was $64,881,000 compared with $41,235,000 a year ago. Purchases of property and equipment were $45,675,000 compared with $31,674,000 a year ago. Adjusted EBITDA was $36,758,000 compared with $63,259,000 a year ago. Total capital expenditures was $48,816,000 compared with $36,917,000 a year ago. Adjusted Diluted LPS was $0.13 compared with EPS was 0.04 a year ago. Adjusted net loss was $8,185,000 compared with net income was $2,421,000 a year ago. For the second quarter of 2015, the company expects drilling rig utilization is expected to average 60% to 63%. Drilling Services Segment margin is expected to be approximately $13,000 to $13,500 per day, which includes recognition of $16.0 million of revenues from rigs earning early termination revenue but not working. Production Services Segment revenue in the second quarter is expected to be down approximately 12% to 15% compared to the first quarter due to the full impact of the reduction in pricing and activity. Production Services Segment margin is expected to be flat to slightly up as compared to the first quarter of 2015 margin of 28%. The company's effective tax rate is expected to be in the 35% to 37% range in future quarters. In the second quarter of 2015, the company expects to recognize $16 million of early term revenue. The company expects to recognize early term revenue of $11.7 million in the third quarter and $9.2 million in the fourth quarter and $4.6 million in early 2016. The company estimates that total cash capital expenditures for 2015 will be $165 million to $180 million. The total 2015 capital expenditure budget includes partial payments for five 1,500 horsepower AC drilling rigs, nine well servicing rigs, eight wireline units, routine capital expenditures and certain drilling equipment which was ordered in 2014 but requires long lead-time orders. The company expects to recognize early term revenue of $11.7 million in the third quarter and $9.2 million in the fourth quarter and $4.6 million in early 2016.

 

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PES Competitors

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Company Last Change
Basic Energy Services Inc $6.84 USD -0.04
Key Energy Services Inc $1.58 USD -0.02
Parker Drilling Co $3.21 USD +0.01
TETRA Technologies Inc $6.17 USD +0.15
Trinidad Drilling Ltd C$3.99 CAD -0.01
View Industry Companies
 

Industry Analysis

PES

Industry Average

Valuation PES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.7x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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