Patterson-UTI Energy Inc.
Find Ratings Reports
0.15 |
0.84%
PATTERSON-UTI ENERGY INC's gross profit margin for the first quarter of its fiscal year 2018 has increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. PATTERSON-UTI ENERGY INC has strong liquidity. Currently, the Quick Ratio is 1.50 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 47.82% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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| Income Statement | Q1 FY18 | Q1 FY17 |
|---|---|---|
| Net Sales ($mil) | 809.16 | 305.18 |
| EBITDA ($mil) | 187.36 | 55.83 |
| EBIT ($mil) | -22.53 | -100.39 |
| Net Income ($mil) | -34.42 | -63.54 |
| Balance Sheet | Q1 FY18 | Q1 FY17 |
|---|---|---|
| Cash & Equiv. ($mil) | 304.25 | 466.61 |
| Total Assets ($mil) | 6015.72 | 4178.62 |
| Total Debt ($mil) | 1118.84 | 598.52 |
| Equity ($mil) | 3934.54 | 2661.61 |
| Profitability | Q1 FY18 | Q1 FY17 |
|---|---|---|
| Gross Profit Margin | 27.21 | 24.47 |
| EBITDA Margin | 23.15 | 18.29 |
| Operating Margin | -2.78 | -32.89 |
| Sales Turnover | 0.48 | 0.23 |
| Return on Assets | 0.58 | -7.45 |
| Return on Equity | 0.89 | -11.7 |
| Debt | Q1 FY18 | Q1 FY17 |
|---|---|---|
| Current Ratio | 1.73 | 2.48 |
| Debt/Capital | 0.22 | 0.18 |
| Interest Expense | 13.63 | 8.27 |
| Interest Coverage | -1.65 | -12.14 |
| Share Data | Q1 FY18 | Q1 FY17 |
|---|---|---|
| Shares outstanding (mil) | 221.57 | 166.33 |
| Div / share | 0.02 | 0.02 |
| EPS | -0.16 | -0.4 |
| Book value / share | 17.76 | 16.0 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 3614368.0 | 3785001.0 |
HOLD. PATTERSON-UTI ENERGY INC's P/E ratio indicates a significant premium compared to an average of 50.27 for the Energy Equipment & Services industry and a significant premium compared to the S&P 500 average of 25.32. For additional comparison, its price-to-book ratio of 1.05 indicates a significant discount versus the S&P 500 average of 3.29 and a significant discount versus the industry average of 2.99. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PTEN 186.90 | Peers 50.27 | PTEN 9.37 | Peers 19.86 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. PTEN is trading at a significant premium to its peers. |
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. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| PTEN 33.98 | Peers 80.23 | PTEN NM | Peers 0.37 | |||||||||||||||||||||
|
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. PTEN's negative PEG ratio makes this valuation measure meaningless. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| PTEN 1.05 | Peers 2.99 | PTEN 104.78 | Peers 99.27 | |||||||||||||||||||||
|
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. |
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. PTEN is expected to keep pace with its peers on the basis of earnings growth. |
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| Price/Sales |
|
Sales Growth |
|
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| PTEN 1.45 | Peers 2.37 | PTEN 200.45 | Peers 33.12 | |||||||||||||||||||||
|
Discount. 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 significant discount to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. PTEN has a sales growth rate that significantly exceeds its peers. |
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