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7.18 (1y: -8%)
Market Cap 450.8 M P/E(ttm) 31.60
Enterprise Value 999.43 M P/B 0.80
PES- NYSE (USA)
Pioneer Energy Services Corp
  • Currently 3/5
Business Predictability Rank: 3-Star
Back Testing Results:
Average gain of all 3-Star stocks: 8.2% per year.
% of Stocks that are in still loss if held for 10yrs: 11%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$7.18
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.046
PES's Cash to Debt is ranked lower than
1219511% of the 82 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.28 vs. PES: 0.046 )
PES' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 0.05
Equity to Asset 0.345
PES's Equity to Asset is ranked lower than
1351350% of the 74 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.48 vs. PES: 0.345 )
PES' s 10-Year Equity to Asset Range
Min: 0.32   Max: 0.85
Current: 0.35
0.32
0.85
Interest Coverage 2.2
PES's Interest Coverage is ranked lower than
1724136% of the 58 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.70 vs. PES: 2.2 )
PES' s 10-Year Interest Coverage Range
Min: 0   Max: No Debt
Current: 2.2
F-Score: 5
Z-Score: 1.21
M-Score: -3.33
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 8.90
PES's Operating margin (%) is ranked lower than
76% of the 58 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 15.80 vs. PES: 8.90 )
PES' s 10-Year Operating margin (%) Range
Min: -9.8   Max: 30.5
Current: 8.9
-9.8
30.5
Net-margin (%) 3.3
PES's Net-margin (%) is ranked lower than
84% of the 50 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 11.30 vs. PES: 3.3 )
PES' s 10-Year Net-margin (%) Range
Min: -10.3   Max: 20.2
Current: 3.3
-10.3
20.2
ROE (%) 5.5
PES's ROE (%) is ranked lower than
70% of the 50 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.90 vs. PES: 5.5 )
PES' s 10-Year ROE (%) Range
Min: -15.2   Max: 19.7
Current: 5.5
-15.2
19.7
ROA (%) 2.2
PES's ROA (%) is ranked lower than
76% of the 50 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 5.60 vs. PES: 2.2 )
PES' s 10-Year ROA (%) Range
Min: -7.6   Max: 16.8
Current: 2.2
-7.6
16.8
ROC (Joel Greenblatt) (%) 7.80
PES's ROC (Joel Greenblatt) (%) is ranked lower than
66% of the 53 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 11.80 vs. PES: 7.80 )
PES' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -6.4   Max: 33.2
Current: 7.8
-6.4
33.2
Revenue Growth (%) 22.7
PES's Revenue Growth (%) is ranked higher than
67% of the 40 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 18.70 vs. PES: 22.7 )
PES' s 10-Year Revenue Growth (%) Range
Min: -6   Max: 22.7
Current: 22.7
-6
22.7
EBITDA Growth (%) 27.7
PES's EBITDA Growth (%) is ranked higher than
80% of the 25 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 14.50 vs. PES: 27.7 )
PES' s 10-Year EBITDA Growth (%) Range
Min: -21.5   Max: 51.9
Current: 27.7
-21.5
51.9
ยป PES's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

PES Guru Trades in Q2 2012

John Burbank 16,605 sh (New)
Paul Tudor Jones 43,900 sh (+15.53%)
Third Avenue Management 3,015,573 sh (+9.36%)
Chuck Royce 188,162 sh (+9.29%)
Jim Simons Sold Out
» More
Q3 2012

PES Guru Trades in Q3 2012

Steven Cohen 12,308 sh (New)
Chuck Royce 188,500 sh (+0.18%)
John Burbank Sold Out
Paul Tudor Jones Sold Out
Third Avenue Management 2,767,834 sh (-8.22%)
» More
Q4 2012

PES Guru Trades in Q4 2012

Third Avenue Management 3,796,318 sh (+37.16%)
Steven Cohen Sold Out
Chuck Royce 182,500 sh (-3.18%)
» More
Q1 2013

PES Guru Trades in Q1 2013

Steven Cohen 31,437 sh (New)
Jeremy Grantham 29,600 sh (New)
Paul Tudor Jones 39,600 sh (New)
Chuck Royce 164,500 sh (-9.86%)
Third Avenue Management 1,692,417 sh (-55.42%)
» More
» Details

Insider Trades

Latest Guru Trades with PES

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Burbank 2012-09-30 Sold Out 0.0045%$6.81 - $8.41 $ 7.25-6%0
John Burbank 2012-06-30 New Buy$6.63 - $8.83 $ 7.25-6%16605
George Soros 2011-12-31 Sold Out 0.0031%$6.41 - $11.78 $ 7.25-26%0
George Soros 2011-09-30 New Buy$7.42 - $17.7 $ 7.25-44%25000
George Soros 2011-06-30 Sold Out $11.89 - $16.17 $ 7.25-48%0
George Soros 2011-03-31 New Buy$8.24 - $13.64 $ 7.25-30%15000
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Pioneer Energy Services Corp

Arcan Resources and the Hot Beaverhill Lake Formation in Canada
October 25, 2012
- Arcan Resources And The Hot Beaverhill Lake Formation In Canada
Apart from being an Andre Kostolany fan, as I pointed it out in my last article about Terra Energy, I am also a fervent fan of another idol whose name is Benjamin Graham. Graham is the founder of value investing, and his theory is that the safest way for an investor to survive in a tough market is to buy growing companies which trade below their book value. The difference between a growing company's intrinsic value and its market value provides a cushion of safety. This is the core of his philosophy, actually. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 31.50
PES's P/E(ttm) is ranked lower than
1999998% of the 50 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 15.00 vs. PES: 31.50 )
PES' s 10-Year P/E(ttm) Range
Min: 5.04   Max: 247.5
Current: 31.5
5.04
247.5
P/B 0.80
PES's P/B is ranked lower than
1298700% of the 77 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.20 vs. PES: 0.80 )
PES' s 10-Year P/B Range
Min: 0.42   Max: 4.33
Current: 0.8
0.42
4.33
P/S 0.50
PES's P/S is ranked lower than
1204818% of the 83 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.72 vs. PES: 0.50 )
PES' s 10-Year P/S Range
Min: 0.3   Max: 3.8
Current: 0.5
0.3
3.8
EV-to-EBIT 15.9
PES's EV-to-EBIT is ranked lower than
1515150% of the 66 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 14.50 vs. PES: 15.9 )
PES' s 10-Year EV-to-EBIT Range
Min: 4   Max: 529.6
Current: 15.9
4
529.6
PEG 0.7
PES's PEG is ranked lower than
4761900% of the 21 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.04 vs. PES: 0.7 )
PES' s 10-Year PEG Range
Min: 0.1   Max: 7.38
Current: 0.7
0.1
7.38
Shiller P/E 545
PES's Shiller P/E is ranked lower than
100% of the Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: vs. PES: 545 )
PES' s 10-Year Shiller P/E Range
Min: 7.39   Max: 914
Current: 545
7.39
914

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 4
PES's Price/Net Current Asset Value is ranked lower than
1851850% of the 54 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 14.60 vs. PES: 4 )
PES' s 10-Year Price/Net Current Asset Value Range
Min: 4   Max: 50
Current: 4
4
50
Price/Tangible Book 1
PES's Price/Tangible Book is ranked lower than
1351350% of the 74 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.50 vs. PES: 1 )
PES' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 3.5
Current: 1
0.7
3.5
Price/Median PS Value 0.5
PES's Price/Median PS Value is ranked lower than
1351350% of the 74 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.70 vs. PES: 0.5 )
PES' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 2.7
Current: 0.5
0.4
2.7
Price/Graham Number 0.8
PES's Price/Graham Number is ranked lower than
1851850% of the 54 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.90 vs. PES: 0.8 )
PES' s 10-Year Price/Graham Number Range
Min: 0.7   Max: 2.2
Current: 0.8
0.7
2.2
Earnings Yield (Greenblatt) 6.30
PES's Earnings Yield (Greenblatt) is ranked lower than
64% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.70 vs. PES: 6.30 )
PES' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 25
Current: 6.3
0.2
25
Forward Rate of Return (Yacktman) -6.43
PES's Forward Rate of Return (Yacktman) is ranked lower than
5555550% of the 18 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 10.92 vs. PES: -6.43 )
PES' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5.9   Max: 62.6
Current: -6.43
-5.9
62.6

Business Description

Pioneer Energy Services Corp was incorporated under the laws of the State of Texas in 1979 as the successor to a business that had been operating since 1968. The company provides drilling services and production services to independent and major oil and gas exploration and production companies throughout much of the oil and gas producing regions of the United States and internationally in Colombia. On December 31, 2011, it acquired Go-Coil, LLC ('Go-Coil'), a coiled tubing service company based in Maurice, Louisiana, to complement its existing production services offerings. It currently conducts its operations through two operating segments: its Drilling Services Division and its Production Services Division. Its Drilling Services Division provides contract land drilling services with its fleet of 64 drilling rigs. During 2010 and 2011, it moved drilling rigs into its North Dakota and Appalachia drilling division locations, both of which are shale regions, and in early 2011, it established its West Texas drilling division location where it currently have 18 drilling rigs operating. In September 2011, it evaluated the drilling rigs in its fleet that had remained idle and decided to place six mechanical drilling rigs as held for sale as of September 30, 2011. Four of the held for sale drilling rigs were previously assigned to its Oklahoma drilling division location and the remaining two drilling rigs were previously assigned to its East Texas drilling division location. Sales of all six mechanical drilling rigs were completed by mid November 2011. In addition, it decided to retire another drilling rig from its fleet that was previously assigned to its Utah drilling division location, with most of its components to be used for spare equipment. It recognized an impairment charge of $0.5 million in September 2011 in association with its decision to dispose of these seven drilling rigs. At December 31, 2011, it has 64 drilling rigs in its fleet. It currently have term contracts for ten new-build AC drilling rigs that are fit for purpose for domestic shale plays, five of which it estimate will begin working in the first half of 2012, with the remaining five to begin operating by the end of 2012. As of February 10, 2012, 55 drilling rigs are operating under drilling contracts, 44 of which are under term contracts. It has nine drilling rigs that are idle, three of which are under contract to begin working in the first quarter of 2012. It is actively marketing all its idle drilling rigs. Its Production Services Division provides a range of services to oil and gas exploration and production companies, including well services, wireline, coiled tubing and fishing and rental services. Its production services operations are managed through locations concentrated in the major United States onshore oil and gas producing regions in the Gulf Coast, Mid-Continent, Rocky Mountain and Appalachian states. The primary production services it offers are:
Company Website
SEC Reports
Industry: Oil & Gas Drilling
Compare:SDRL, ESV, OMVJF, SBR, OISHY
Traded in other countries:YGO.Germany
ยป More Articles for PES

Headlines

Articles On GuruFocus.com
Pioneer Energy Services: Power Horse in Well Servicing Nov 16 2012 
Weekly CEO Buys Highlight: GDOT, VOCS, PES, IRWD, ABR Nov 11 2012 
Arcan Resources and the Hot Beaverhill Lake Formation in Canada Oct 25 2012 

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