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GuruFocus Financial Strength Rank measures how strong a company’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 : 4/10

vs
industry
vs
history
Cash to Debt 0.05
PES's Cash to Debt is ranked higher than
57% of the 226 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.34 vs. PES: 0.05 )
PES' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.05

Equity to Asset 0.42
PES's Equity to Asset is ranked higher than
66% of the 206 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.52 vs. PES: 0.42 )
PES' s 10-Year Equity to Asset Range
Min: 0.28   Max: 0.85
Current: 0.42

0.28
0.85
F-Score: 6
Z-Score: 1.82
M-Score: -3.19
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 (%) 4.85
PES's Operating margin (%) is ranked higher than
73% of the 209 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9.12 vs. PES: 4.85 )
PES' s 10-Year Operating margin (%) Range
Min: -9.78   Max: 30.51
Current: 4.85

-9.78
30.51
Net-margin (%) -1.19
PES's Net-margin (%) is ranked higher than
73% of the 209 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.62 vs. PES: -1.19 )
PES' s 10-Year Net-margin (%) Range
Min: -10.27   Max: 20.23
Current: -1.19

-10.27
20.23
ROE (%) -2.24
PES's ROE (%) is ranked higher than
72% of the 229 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.63 vs. PES: -2.24 )
PES' s 10-Year ROE (%) Range
Min: -24.53   Max: 27.45
Current: -2.24

-24.53
27.45
ROA (%) -0.93
PES's ROA (%) is ranked higher than
74% of the 236 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.39 vs. PES: -0.93 )
PES' s 10-Year ROA (%) Range
Min: -13   Max: 16.79
Current: -0.93

-13
16.79
ROC (Joel Greenblatt) (%) 4.53
PES's ROC (Joel Greenblatt) (%) is ranked higher than
78% of the 230 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.50 vs. PES: 4.53 )
PES' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -14.08   Max: 33.24
Current: 4.53

-14.08
33.24
Revenue Growth (%) 19.40
PES's Revenue Growth (%) is ranked higher than
84% of the 164 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 10.90 vs. PES: 19.40 )
PES' s 10-Year Revenue Growth (%) Range
Min: -0.2   Max: 35.5
Current: 19.4

-0.2
35.5
EBITDA Growth (%) 16.00
PES's EBITDA Growth (%) is ranked higher than
79% of the 136 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.10 vs. PES: 16.00 )
PES' s 10-Year EBITDA Growth (%) Range
Min: -20.2   Max: 109.9
Current: 16

-20.2
109.9
EPS Growth (%) -2.20
PES's EPS Growth (%) is ranked higher than
73% of the 143 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -1.40 vs. PES: -2.20 )
PES' s 10-Year EPS Growth (%) Range
Min: 0   Max: 72.9
Current: -2.2

0
72.9
» PES's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

PES Guru Trades in Q3 2013

Jeremy Grantham 44,500 sh (+17.72%)
Chuck Royce 440,303 sh (+15.11%)
Third Avenue Management 1,520,195 sh (unchged)
Paul Tudor Jones Sold Out
» More
Q4 2013

PES Guru Trades in Q4 2013

Paul Tudor Jones 20,200 sh (New)
Chuck Royce 510,303 sh (+15.9%)
Jeremy Grantham 46,200 sh (+3.82%)
Third Avenue Management 1,062,874 sh (-30.08%)
» More
Q1 2014

PES Guru Trades in Q1 2014

Steven Cohen 21,452 sh (New)
Jim Simons 238,078 sh (New)
Chuck Royce 517,500 sh (+1.41%)
Third Avenue Management Sold Out
Paul Tudor Jones 15,224 sh (-24.63%)
Jeremy Grantham 32,400 sh (-29.87%)
» More
Q2 2014

PES Guru Trades in Q2 2014

Joel Greenblatt 41,539 sh (New)
Jim Simons 824,898 sh (+246.48%)
Paul Tudor Jones 51,884 sh (+240.8%)
Jeremy Grantham Sold Out
Chuck Royce 485,500 sh (-6.18%)
» More
» Details

Insider Trades

Latest Guru Trades with PES

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 New Buy0.01%$12.11 - $17.28 $ 14.51-3%41539
John Burbank 2012-09-30 Sold Out 0.0045%$6.81 - $8.41 $ 14.5188%0
John Burbank 2012-06-30 New Buy$6.63 - $8.83 $ 14.5188%16605
George Soros 2011-12-31 Sold Out 0.0031%$6.41 - $11.78 $ 14.5148%0
George Soros 2011-09-30 New Buy$7.42 - $17.7 $ 14.5111%25000
George Soros 2011-06-30 Sold Out $11.89 - $16.17 $ 14.514%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/B 1.70
PES's P/B is ranked higher than
71% of the 247 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.38 vs. PES: 1.70 )
PES' s 10-Year P/B Range
Min: 0.42   Max: 3.86
Current: 1.7

0.42
3.86
P/S 0.90
PES's P/S is ranked higher than
90% of the 247 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.43 vs. PES: 0.90 )
PES' s 10-Year P/S Range
Min: 0.3   Max: 3.8
Current: 0.9

0.3
3.8
PFCF 12.70
PES's PFCF is ranked higher than
94% of the 247 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9999.00 vs. PES: 12.70 )
PES' s 10-Year PFCF Range
Min: 3.45   Max: 223.5
Current: 12.7

3.45
223.5
EV-to-EBIT 29.16
PES's EV-to-EBIT is ranked higher than
78% of the 247 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 34.65 vs. PES: 29.16 )
PES' s 10-Year EV-to-EBIT Range
Min: 4   Max: 1842.8
Current: 29.16

4
1842.8
Current Ratio 2.15
PES's Current Ratio is ranked higher than
84% of the 159 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.63 vs. PES: 2.15 )
PES' s 10-Year Current Ratio Range
Min: 0.35   Max: 4.63
Current: 2.15

0.35
4.63
Quick Ratio 2.04
PES's Quick Ratio is ranked higher than
86% of the 159 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.52 vs. PES: 2.04 )
PES' s 10-Year Quick Ratio Range
Min: 0.35   Max: 4.63
Current: 2.04

0.35
4.63

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.86
PES's Price/Tangible Book is ranked higher than
77% of the 247 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.89 vs. PES: 1.86 )
PES' s 10-Year Price/Tangible Book Range
Min: 0.42   Max: 4.17
Current: 1.86

0.42
4.17
Price/Median PS Value 0.80
PES's Price/Median PS Value is ranked higher than
84% of the 247 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.91 vs. PES: 0.80 )
PES' s 10-Year Price/Median PS Value Range
Min: 0.24   Max: 3.19
Current: 0.8

0.24
3.19
Earnings Yield (Greenblatt) 3.40
PES's Earnings Yield (Greenblatt) is ranked higher than
59% of the 172 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 8.50 vs. PES: 3.40 )
PES' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 25
Current: 3.4

0.1
25
Forward Rate of Return (Yacktman) -5.02
PES's Forward Rate of Return (Yacktman) is ranked higher than
74% of the 191 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -3.51 vs. PES: -5.02 )
PES' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10   Max: 63
Current: -5.02

-10
63

Business Description

Industry: Oil & Gas - Drilling » Oil & Gas Drilling
Compare:SDRL, ESV, OMVJF, SBR, OISHY » details
Traded in other countries:YGO.Germany
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:
» More Articles for PES

Headlines

Articles On GuruFocus.com
The Outlook for Diamond Offshore Drilling Does Not Convince Investors Apr 22 2014 
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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