1.91 0.00 (0.00%)
After hours: 5:12PM EST
|Bid||0.00 x 4000|
|Ask||2.20 x 1000|
|Day's Range||1.9000 - 2.0900|
|52 Week Range||1.9000 - 6.3500|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The upgrade of Pioneer Energy Services' CFR to Caa1 from Caa2 reflects the company's improving operating cash flow, gradually declining leverage from a high level, and supportive industry fundamentals following an extended period of weak demand and pricing conditions. While the company's revenues are expected to improve due to good demand for its drilling rigs and equipment services, Pioneer Energy Services' leverage metrics are still weak. Exploration and production (E&P) companies' capital budgets are lower when compared to peak levels, and their continued focus on controlling costs adversely impacts the day rates and utilization of drilling rigs and well services equipment that oilfield services companies, like Pioneer Energy Services, provide.
Pioneer Energy Services Corp’s (NYSE:PES): Pioneer Energy Services Corp. provides land-based drilling and production services to oil and gas exploration and production companies in the United States and Colombia. The Read More...
San Antonio-based drilling rig operator and oil field service company Pioneer Energy Services Corp. has hit four years of quarterly losses. Pioneer (NYSE: PES) reported a $5.2 million loss on $149.3 million in revenue during the third quarter. "Our third-quarter results were driven by steady improvement in our domestic drilling operations, which are benefiting from strong demand and upward trending day rates," Pioneer CEO William Stacy Locke said.
Pioneer Energy (PES) delivered earnings and revenue surprises of 50.00% and 0.04%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the San Antonio-based company said it had a loss of 7 cents. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research ...
Some market components, such as small-capitalization companies, require little coaxing. Whether it’s their potential to produce incredible gains, or the chance to get in early on a burgeoning industry, small-cap stocks present enticing opportunities. While we should all be aware of their highly risky reputation, most investment strategies benefit from their inclusion.
Pioneer Energy Services Corp. cut its outlook for international drilling utilization, citing unexpected unpaid standby time, and lowered its production services revenue and gross margin guidance ranges because of softer-than-anticipated activity. Shares of the land-based drilling services company for oil and gas production companies were still inactive in premarket trade. The company disclosed that it now expects international drilling utilization of 76% to 80%, down from previous guidance of 85% to 87%. Production services revenue guidance is now expected to decline 5% to 7% versus previous expectations of a 3%-to-5% decline and gross margin as a percentage of revenue is now expected to be 21% to 23% compared with previous expectations of 23% to 25%. The stock has tumbled 35% over the past three months, while the SPDR Energy Select Sector ETF has gained 2.8% and the S&P 500 has advanced 7.1%.
Few understand this, but when a company produces a commodity it is actually effectively short that good in the intermediate term. It is the buyers that are really the longs, and thus the pressure is on the producers to put floors under their near-term production levels. There are some pretty ugly hedge books out there, and the oil markets' continuing state of backwardation surprised some players.
Pioneer Energy (PES) delivered earnings and revenue surprises of -90.00% and -0.04%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The San Antonio-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 19 cents per share. The results missed Wall Street expectations. The average ...
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Pioneer Energy Services (PES) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.