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PESXQ Pioneer Energy Services

Pioneer Energy Services Corp. engages in the provision of land-based drilling services and production services to oil and gas exploration and production companies. It operates through Drilling and Production Services segments. The Drilling Services segment offers drilling rig, crews, supplies, and most of the ancillary equipment needed to operate drilling rigs. The Production Services segment offers well servicing,wireline and coiled tubing services to producers primarily in Texas and the Mid-Continent and Rocky Mountain regions, as well as in North Dakota, Louisiana and Mississippi. The company was founded in 1968 and is headquartered in San Antonio, TX.

Company profile

Ticker
PESXQ
Exchange
CEO
William Stacy Locke
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PIONEER DRILLING CO, SOUTH TEXAS DRILLING & EXPLORATION INC
SEC CIK
IRS number
742088619

PESXQ stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Mar 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 32.33M 32.33M 32.33M 32.33M 32.33M 32.33M
Cash burn (monthly) (positive/no burn) 744.58K 3.69M 8.58M (positive/no burn) 681.83K
Cash used (since last report) n/a 2.69M 13.36M 31.03M n/a 2.47M
Cash remaining n/a 29.64M 18.97M 1.3M n/a 29.86M
Runway (months of cash) n/a 39.8 5.1 0.2 n/a 43.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Dec 20 Phillips Lorne Common Stock Grant Aquire A No No 0 89,856 0 90,587
1 Dec 20 Seki Bryce Common Stock Grant Aquire A No No 0 41,933 0 42,092
1 Dec 20 Tucker Brian L Common Stock Grant Aquire A No No 0 89,856 0 90,446
29 May 20 Urban Scott D Common Stock Grant Aquire A No No 0 243 0 243
29 May 20 Urban Scott D Common Stock Sale back to company Dispose D No No 0 355,173 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 3 0 NEW
Opened positions 3 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 398.11K 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Ascribe Capital 156.2K $0 NEW
Strategic Income Management 126.32K $0 NEW
CS Credit Suisse 115.59K $0 NEW
Largest transactions
Shares Bought/sold Change
Ascribe Capital 156.2K +156.2K NEW
Strategic Income Management 126.32K +126.32K NEW
CS Credit Suisse 115.59K +115.59K NEW

Financial report summary

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Management Discussion
  • As a result of our emergence from Chapter 11 on May 29, 2020, our financial results for the periods prior to the Fresh Start Reporting date of May 31, 2020 are referred to as those of the “Predecessor,” and our financial results for the periods subsequent to May 31, 2020 are referred to as those of the “Successor.”
  • Although the Successor period(s) and the Predecessor period(s) are distinct reporting periods, we have combined the Successor and Predecessor period results during the year ended December 31, 2020 in order to provide some comparability of such information to the corresponding Predecessor period ended December 31, 2019. While this combined presentation is not presented according to generally accepted accounting principles in the United States of America (GAAP) and no comparable GAAP measures are presented, management believes that providing this financial information is the most relevant and useful method for making comparisons to the corresponding Predecessor period as reviewing the Successor period results in isolation would not be useful in identifying trends in or reaching conclusions regarding our overall operating performance.
  • (1)    Adjusted EBITDA represents income (loss) before interest expense, income tax (expense) benefit, depreciation and amortization, prepetition restructuring charges, impairment, reorganization items, and loss on extinguishment of debt. Adjusted EBITDA is a non-GAAP measure that our management uses to facilitate period-to-period comparisons of our core operating performance and to evaluate our long-term financial performance against that of our peers. We believe that this measure is useful to investors and analysts in allowing for greater transparency of our core operating performance and makes it easier to compare our results with those of other companies within our industry. Adjusted EBITDA should not be considered (a) in isolation of, or as a substitute for, net income (loss), (b) as an indication of cash flows from operating activities or (c) as a measure of liquidity. In addition, Adjusted EBITDA does not represent funds available for discretionary use. Adjusted EBITDA may not be comparable to other similarly titled measures reported by other companies.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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