Pioneer Energy Services Corp. (PES) versus Its Competitors Critical Survey
Pioneer Energy Services Corp. (NYSE: PES) is one of 17 publicly-traded companies in the “Oil & Gas Drilling” industry, but how does it contrast to its peers? We will compare Pioneer Energy Services Corp. to similar businesses based on the strength of its dividends, institutional ownership, profitability, analyst recommendations, earnings, risk and valuation.
Institutional and Insider Ownership
74.0% of Pioneer Energy Services Corp. shares are held by institutional investors. Comparatively, 74.9% of shares of all “Oil & Gas Drilling” companies are held by institutional investors. 6.1% of Pioneer Energy Services Corp. shares are held by company insiders. Comparatively, 2.2% of shares of all “Oil & Gas Drilling” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Valuation & Earnings
This table compares Pioneer Energy Services Corp. and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Pioneer Energy Services Corp.||$342.72 million||$20.01 million||-1.33|
|Pioneer Energy Services Corp. Competitors||$1.42 billion||$539.80 million||-6.08|
Pioneer Energy Services Corp.’s peers have higher revenue and earnings than Pioneer Energy Services Corp.. Pioneer Energy Services Corp. is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
This is a summary of current ratings and target prices for Pioneer Energy Services Corp. and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Pioneer Energy Services Corp.||0||4||6||0||2.60|
|Pioneer Energy Services Corp. Competitors||510||1574||1276||59||2.26|
Pioneer Energy Services Corp. presently has a consensus target price of $5.53, suggesting a potential upside of 151.42%. As a group, “Oil & Gas Drilling” companies have a potential upside of 33.92%. Given Pioneer Energy Services Corp.’s stronger consensus rating and higher possible upside, equities analysts clearly believe Pioneer Energy Services Corp. is more favorable than its peers.
Risk & Volatility
Pioneer Energy Services Corp. has a beta of 2.92, indicating that its stock price is 192% more volatile than the S&P 500. Comparatively, Pioneer Energy Services Corp.’s peers have a beta of 1.83, indicating that their average stock price is 83% more volatile than the S&P 500.
This table compares Pioneer Energy Services Corp. and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Pioneer Energy Services Corp.||-33.86%||-28.63%||-10.36%|
|Pioneer Energy Services Corp. Competitors||-15.95%||-7.74%||-2.32%|
Pioneer Energy Services Corp. peers beat Pioneer Energy Services Corp. on 7 of the 12 factors compared.
Pioneer Energy Services Corp. Company Profile
Pioneer Energy Services Corp. provides land-based drilling services and production services to a group of independent oil and gas exploration and production companies in the United States and internationally in Colombia. The Company operates through two segments, which include drilling services segment and production services segment. It also provides two of its services (coiled tubing and wireline services) offshore in the Gulf of Mexico. Its drilling services segment provides contract land drilling services to a group of exploration and production companies through the Company’s four drilling divisions in the United States, and internationally in Colombia. Its production services segment provides a range of services to a group of exploration and production companies, with its operations concentrated in the various United States onshore oil and gas producing regions in the Mid-Continent and Rocky Mountain states and in the Gulf Coast.
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