Last $5.90 USD
Change Today +0.58 / 10.90%
Volume 1.1M
PES On Other Exchanges
Symbol
Exchange
New York
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As of 12:20 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

pioneer energy services corp (PES) Snapshot

Open
$5.35
Previous Close
$5.32
Day High
$5.93
Day Low
$5.29
52 Week High
07/16/14 - $18.40
52 Week Low
01/20/15 - $3.67
Market Cap
376.8M
Average Volume 10 Days
1.6M
EPS TTM
$0.38
Shares Outstanding
63.9M
EX-Date
--
P/E TM
15.4x
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: $704.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $367.3K
Executive Vice President and President of Pro...
Total Annual Compensation: $338.8K
Senior Vice President, Compliance Officer, Ge...
Total Annual Compensation: $337.3K
Compensation as of Fiscal Year 2013.

pioneer energy services corp (PES) Key Developments

Pioneer Energy Services Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year 2015; Reports Impairment for the Fourth Quarter of 2014

Pioneer Energy Services Corp. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. Revenues for the fourth quarter of 2014 were $283.1 million, up 4% from revenues of $273.3 million in the third quarter of 2014 and up 19% from revenues of $238.2 million in the fourth quarter of 2013. The increase in revenues over the prior quarter was primarily due to higher utilization for operations in Colombia, which had all eight rigs working during the fourth quarter. Net loss for the fourth quarter was $47.6 million, or $0.75 per share, compared with net income of $12.5 million, or $0.19 per diluted share, in the prior quarter and a net loss of $2.5 million, or $0.04 per share, in the year-earlier quarter. Adjusted diluted EPS was $0.04 per diluted share for the fourth quarter, which excludes a $44.9 million after-tax impact of impairment charges, substantially all of which was recorded to reduce the carrying value of mechanical and lower horsepower electric drilling rigs to their estimated fair value, and a $5.6 million after-tax impact of loss on debt extinguishment. Fourth quarter results were also negatively impacted by foreign exchange losses that reduced net income by an additional $0.09 per diluted share. Adjusted diluted EPS for the third quarter of 2014 was $0.09 per diluted share, which excludes an after-tax gain of $6.6 million from the sale of fishing and rental services operations and $0.7 million of impairment charges. Fourth quarter Adjusted EBITDA was $66.0 million, down 16% from $78.1 million in the prior quarter, which included the $10.7 million pre-tax gain on the sale of F&R operations, and up 18% from $55.8 million in the year-earlier quarter. Cash capital expenditures in the fourth quarter were $54.6 million, including capitalized interest. Loss before income taxes was $67,771,000 against $3,248,000 a year ago. For the year, total revenues were $1,055,223,000 against $960,186,000 a year ago. Income from operations was $23,984,000 against loss from operations of $6,229,000. Loss before income taxes was $49,322,000 against $55,778,000 a year ago. Net loss was $38,018,000 or $0.60 per basic and diluted share against $35,932,000 or $0.58 per basic and diluted share a year ago. Net cash provided by operating activities was $233,041,000 against $174,580,000 a year ago. Purchases of property and equipment were $175,378,000 against $165,356,000 a year ago. Adjusted EBITDA was $277,081,000 against $234,742,000 a year ago. Total cash capital expenditure estimate for 2015 will be $165 million to $180 million. The company reported total impairment charges of $72,347,000 in the fourth quarter of 2014.

Pioneer Energy Services Corp. to Report Q4, 2014 Results on Feb 17, 2015

Pioneer Energy Services Corp. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 17, 2015

Pioneer Energy Services Corp., Q4 2014 Earnings Call, Feb 17, 2015

Pioneer Energy Services Corp., Q4 2014 Earnings Call, Feb 17, 2015

 

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PES Competitors

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Company Last Change
Diamond Offshore Drilling Inc $30.77 USD +0.105
Forbes Energy Services Ltd $1.07 USD -0.02
Parker Drilling Co $3.29 USD +0.135
Precision Drilling Corp C$7.54 CAD +0.10
Rowan Cos Plc $20.67 USD +0.15
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 2.3x
TEV/Sales NM Not Meaningful
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