Home Sectors Energy Long or Short: Pioneer Energy Services Corp. (NYSE: PES)

Long or Short: Pioneer Energy Services Corp. (NYSE: PES)

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Pioneer Energy Services Corp. trades as part of the oil and gas drilling industry and energy sector. The company CEO is William Stacy Locke. Pioneer Energy Services Corp provides drilling services and production services to a group of independent and large oil and gas exploration and production companies throughout much of the onshore oil and gas producing regions of the USA and Colombia.

Previous Intraday Trading Performance:

The PES stock showed a previous change of -1.34% with an open at 0.34 and a close of 0.32. It reached an intraday high of 0.34 and a low of 0.31.

SeekingAlpha:  Pioneer Energy gets NYSE continued listing standard warning

Liquidity:

The stock has a market cap of $24.9m with 78.5m shares outstanding, of which the float is 75.6m shares. Trading volume reached 4,907,350 shares compared to its average volume of 4,628,542 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Pioneer Energy Services Corp. shares returned -17.02% and in the past 30 trading days it returned -79.28%. Over three months, it changed -80.55%. In one year it has changed -93.84% and within that year its 52-week high was 6.00 and its 52-week low was 0.30. PES stock is 5.67% above its 52 Week Low.

Our calculations show a 200 day moving average of 2.03 and a 50 day moving average of 1.24. Currently PES stock is trading -84.40% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

PR Newswire:  Pioneer Energy Services Receives a Continued Listing Standard Notice from the NYSE

Earnings:

The last annual fiscal EPS for the company was reported at -0.63 that ended on 31st of December 2018. Based on 8 analyst estimates, the consensus EPS for the next quarter is -0.17. The TTM EPS is -0.52.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/02/2019): -0.19
4thQtr of 2018 (Reported on 02/19/2019): -0.19
3rdQtr of 2018 (Reported on 10/30/2018): -0.07
2ndQtr of 2018 (Reported on 07/31/2018): -0.23
1stQtr of 2018 (Reported on 05/02/2018): -0.14

Base on our calculations, the intrinsic value per share is 3.61, which means it is possibly undervalued and has a margin of safety of 91.22%.

Indicators to Watch:

Short-interest was 11,809,777, which was 15.05% of shares outstanding. The short-interest ratio or days-to-cover ratio was 4.63. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 3.52.

PR Newswire:  Pioneer Energy Services Receives a Continued Listing Standard Notice from the NYSE

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -30.18%, return on assets is -7.09%, profit margin is -8.95%, price-to-sales is 0.04 and price-to-book is 0.17.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 0  :Past Performance Score
 1  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.