Last $15.38 USD
Change Today +0.04 / 0.26%
Volume 702.7K
PES On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

pioneer energy services corp (PES) Snapshot

Open
$15.38
Previous Close
$15.34
Day High
$15.41
Day Low
$15.00
52 Week High
07/16/14 - $18.40
52 Week Low
09/3/13 - $6.72
Market Cap
972.0M
Average Volume 10 Days
792.7K
EPS TTM
$0.12
Shares Outstanding
63.2M
EX-Date
--
P/E TM
124.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for PIONEER ENERGY SERVICES CORP (PES)

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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.

3,650 Employees
Last Reported Date: 02/13/14
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, Principal Accounting...
Total Annual Compensation: $367.3K
Executive Vice President and President of Dri...
Total Annual Compensation: $535.4K
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014 and Provides Capital Expenditures Guidance for Full Year 2015

Pioneer Energy Services reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenues were $259,812,000 against $248,354,000 a year ago. Income from operations was $21,917,000 against loss of $27,268,000 a year ago. Loss before income taxes was $1,389,000 against $40,848,000 a year ago. Net loss was $319,000 or $0.01 basic and diluted per share against $25,895,000 or $0.42 basic and diluted per share a year ago. EBITDA was $69,725,000 against $63,619,000 a year ago. Adjusted EBITDA was $69,725,000 against $63,619,000 a year ago. Adjusted net income was $8,934,000 or $0.14 diluted per share against $2,421,000 or $0.04 diluted per share a year ago. Net cash used for purchases of property and equipment was $42,893,000 against $40,866,000 a year ago. Total capital expenditures were $40,996,000 against $32,660,000 a year ago. For the six months, the company's total revenues were $498,846,000 against $478,024,000 a year ago. Income from operations was $36,976,000 against loss of $16,823,000 a year ago. Loss before income taxes was $3,931,000 against $42,686,000 a year ago. Net loss was $2,898,000 or $0.05 basic and diluted per share against $27,187,000 or $0.44 basic and diluted per share a year ago. EBITDA was $132,984,000 against $119,528,000 a year ago. Adjusted EBITDA was $132,984,000 against $119,528,000 a year ago. Net cash used for purchases of property and equipment was $74,567,000 against $112,179,000 a year ago. Total capital expenditures were $77,913,000 against $74,710,000 a year ago. Net cash provided by operating activities was $95,487,000 against $70,677,000 a year ago. The company estimates total cash capital expenditures in 2014 will be approximately $185 million to $200 million. The total 2014 capital expenditure budget includes partial payments for three 1,500 horsepower AC drilling rigs, nine well servicing rigs, six wireline units, four coiled tubing units, upgrades to certain drilling rigs and routine capital expenditures. In addition, the 2014 capital expenditure budget includes down payments for certain equipment that will be delivered in 2015, but requires long lead-time orders. The effective tax rate is expected to be in the 36% to 38% range in future quarters. The company expects that, based on commitments making for additional equipment to be delivered in 2015 and including estimated routine and maintenance costs, preliminary 2015 spend would be estimated in $190 million to $210 million range.

Pioneer Energy Services Corp., Q2 2014 Earnings Call, Jul 31, 2014

Pioneer Energy Services Corp., Q2 2014 Earnings Call, Jul 31, 2014

Pioneer Energy Services Corp. to Report Q2, 2014 Results on Jul 31, 2014

Pioneer Energy Services Corp. announced that they will report Q2, 2014 results Pre-Market on Jul 31, 2014

 

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PES:US $15.38 USD +0.04

PES Competitors

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Company Last Change
Basic Energy Services Inc $24.21 USD +0.39
C&J Energy Services Inc $28.69 USD +0.12
Forbes Energy Services Ltd $4.96 USD -0.03
Key Energy Services Inc $6.30 USD +0.18
Parker Drilling Co $6.28 USD +0.06
View Industry Companies
 

Industry Analysis

PES

Industry Average

Valuation PES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.9x
Price/Cash Flow 5.6x
TEV/Sales 0.5x
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