Patterson-UTI Energy Inc
Find Ratings Reports
0.09 |
0.45%
PATTERSON-UTI ENERGY INC's gross profit margin for the first quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. PATTERSON-UTI ENERGY INC is extremely liquid. Currently, the Quick Ratio is 2.31 which clearly shows the ability to cover any 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 increased by 6.91% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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| Income Statement | Q1 FY17 | Q1 FY16 |
|---|---|---|
| Net Sales ($mil) | 305.18 | 268.94 |
| EBITDA ($mil) | 55.83 | 80.17 |
| EBIT ($mil) | -100.39 | -96.6 |
| Net Income ($mil) | -63.54 | -70.5 |
| Balance Sheet | Q1 FY17 | Q1 FY16 |
|---|---|---|
| Cash & Equiv. ($mil) | 466.61 | 186.56 |
| Total Assets ($mil) | 4178.62 | 4398.17 |
| Total Debt ($mil) | 598.52 | 841.53 |
| Equity ($mil) | 2661.61 | 2489.48 |
| Profitability | Q1 FY17 | Q1 FY16 |
|---|---|---|
| Gross Profit Margin | 24.47 | 36.49 |
| EBITDA Margin | 18.29 | 29.8 |
| Operating Margin | -32.89 | -35.92 |
| Sales Turnover | 0.23 | 0.34 |
| Return on Assets | -7.45 | -8.5 |
| Return on Equity | -11.7 | -15.02 |
| Debt | Q1 FY17 | Q1 FY16 |
|---|---|---|
| Current Ratio | 2.48 | 1.58 |
| Debt/Capital | 0.18 | 0.25 |
| Interest Expense | 8.27 | 10.8 |
| Interest Coverage | -12.14 | -8.94 |
| Share Data | Q1 FY17 | Q1 FY16 |
|---|---|---|
| Shares outstanding (mil) | 166.33 | 147.17 |
| Div / share | 0.02 | 0.1 |
| EPS | -0.4 | -0.48 |
| Book value / share | 16.0 | 16.92 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 4791154.0 | 3845590.0 |
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 1.22 indicates a significant discount versus the S&P 500 average of 3.09 and a discount versus the industry average of 2.56. The price-to-sales ratio is well above both the S&P 500 average and 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 |
|
Price/Cash Flow |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PTEN NM | Peers 85.84 | PTEN 14.79 | Peers 19.24 | |||||||||||||||||||||
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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 discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
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| PTEN 3904.00 | Peers 67.12 | PTEN NA | Peers 0.26 | |||||||||||||||||||||
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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. |
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| Price/Book |
|
Earnings Growth |
|
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| PTEN 1.22 | Peers 2.56 | PTEN 18.04 | Peers -69.44 | |||||||||||||||||||||
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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. |
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| Price/Sales |
|
Sales Growth |
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| PTEN 3.41 | Peers 2.74 | PTEN -36.64 | Peers -21.27 | |||||||||||||||||||||
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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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