Patterson-UTI Energy Inc

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PTEN : NASDAQ : Basic Materials
$28.09 | %
Today's Range: 27.5275 - 28.51
Avg. Daily Volume: 3459600.0
12/02/16 - 4:00 PM ET

Financial Analysis


PATTERSON-UTI ENERGY INC's gross profit margin for the third quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased. PATTERSON-UTI ENERGY INC has weak liquidity. Currently, the Quick Ratio is 0.79 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 11.66% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)206.13422.25
EBITDA ($mil)35.94125.84
EBIT ($mil)-127.53-206.32
Net Income ($mil)-84.14-225.98


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)36.9776.47
Total Assets ($mil)3908.874678.17
Total Debt ($mil)613.35865.0
Equity ($mil)2324.132631.1


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin25.4934.2
EBITDA Margin17.4329.8
Operating Margin-61.87-48.86
Sales Turnover0.260.52
Return on Assets-7.65-3.81
Return on Equity-12.87-6.77
Debt Q3 FY16 Q3 FY15
Current Ratio1.191.28
Debt/Capital0.210.25
Interest Expense8.879.25
Interest Coverage-14.38-22.29


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)148.12147.18
Div / share0.020.1
EPS-0.58-1.54
Book value / share15.6917.88
Institutional Own % n/a n/a
Avg Daily Volume3369364.03715971.0

Valuation


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. For additional comparison, its price-to-book ratio of 1.52 indicates a discount versus the S&P 500 average of 2.79 and a discount versus the industry average of 2.83. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. The valuation analysis reveals that, PATTERSON-UTI ENERGY INC seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PTEN NM Peers 47.63   PTEN 7.90 Peers 15.52

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
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PTEN NM Peers 60.76   PTEN NA Peers 0.23

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
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PTEN 1.52 Peers 2.83   PTEN -67.21 Peers -562.10

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.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

PTEN is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PTEN 3.51 Peers 3.05   PTEN -58.95 Peers -35.66

Premium. 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 premium to 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

 

 

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