Patterson-UTI Energy Inc
Find Ratings Reports
0.60 |
2.76%
PATTERSON-UTI ENERGY INC's gross profit margin for the second quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its industry, revenue growth did not. PATTERSON-UTI ENERGY INC has average liquidity. Currently, the Quick Ratio is 1.28 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 16.25% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
| Income Statement | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Net Sales ($mil) | 193.91 | 472.76 |
| EBITDA ($mil) | 41.82 | 154.16 |
| EBIT ($mil) | -129.15 | -27.76 |
| Net Income ($mil) | -85.87 | -18.98 |
| Balance Sheet | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Cash & Equiv. ($mil) | 209.63 | 76.51 |
| Total Assets ($mil) | 4211.47 | 5049.53 |
| Total Debt ($mil) | 826.89 | 872.5 |
| Equity ($mil) | 2401.83 | 2868.01 |
| Profitability | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Gross Profit Margin | 30.38 | 36.67 |
| EBITDA Margin | 21.56 | 32.6 |
| Operating Margin | -66.61 | -5.87 |
| Sales Turnover | 0.29 | 0.57 |
| Return on Assets | -10.47 | 1.26 |
| Return on Equity | -18.36 | 2.22 |
| Debt | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Current Ratio | 1.56 | 1.15 |
| Debt/Capital | 0.26 | 0.23 |
| Interest Expense | 10.68 | 9.25 |
| Interest Coverage | -12.1 | -3.0 |
| Share Data | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Shares outstanding (mil) | 147.74 | 147.2 |
| Div / share | 0.02 | 0.1 |
| EPS | -0.58 | -0.13 |
| Book value / share | 16.26 | 19.48 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 3653845.0 | 3774695.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 1.20 indicates a significant discount versus the S&P 500 average of 2.82 and a discount versus the industry average of 2.65. The current price-to-sales ratio is above the S&P 500 average, but below the industry average. After reviewing these and other key valuation criteria, PATTERSON-UTI ENERGY INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PTEN NM | Peers 27.49 | PTEN 5.32 | Peers 11.99 | |||||||||||||||||||||
|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. PTEN's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. PTEN is trading at a significant discount to its peers. |
|||||||||||||||||||||||
| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| PTEN NM | Peers 120.26 | PTEN NA | Peers 0.24 | |||||||||||||||||||||
|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. PTEN's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
|||||||||||||||||||||||
| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| PTEN 1.20 | Peers 2.65 | PTEN -797.67 | Peers -338.13 | |||||||||||||||||||||
|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. PTEN is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PTEN is expected to significantly trail its peers on the basis of its earnings growth rate. |
|||||||||||||||||||||||
| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| PTEN 2.36 | Peers 2.61 | PTEN -57.48 | Peers -35.95 | |||||||||||||||||||||
|
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. PTEN is trading at a valuation on par with its industry on this measurement. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. PTEN significantly trails its peers on the basis of sales growth |
|||||||||||||||||||||||
