Patterson-UTI Energy, Inc.
Find Ratings ReportsPATTERSON-UTI ENERGY INC's gross profit margin for the third quarter of its fiscal year 2020 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. PATTERSON-UTI ENERGY INC has strong liquidity. Currently, the Quick Ratio is 1.67 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 27.97% 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 | Q3 FY20 | Q3 FY19 |
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Net Sales ($mil) | 207.14 | 598.45 |
EBITDA ($mil) | 43.53 | 125.59 |
EBIT ($mil) | -113.79 | -275.18 |
Net Income ($mil) | -112.11 | -261.72 |
Balance Sheet | Q3 FY20 | Q3 FY19 |
---|---|---|
Cash & Equiv. ($mil) | 303.74 | 164.83 |
Total Assets ($mil) | 3491.23 | 4609.09 |
Total Debt ($mil) | 995.57 | 999.19 |
Equity ($mil) | 2119.56 | 2942.99 |
Profitability | Q3 FY20 | Q3 FY19 |
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Gross Profit Margin | 31.81 | 26.34 |
EBITDA Margin | 21.01 | 20.98 |
Operating Margin | -54.93 | -45.98 |
Sales Turnover | 0.4 | 0.6 |
Return on Assets | -22.43 | -11.73 |
Return on Equity | -36.95 | -18.38 |
Debt | Q3 FY20 | Q3 FY19 |
---|---|---|
Current Ratio | 2.02 | 1.54 |
Debt/Capital | 0.32 | 0.25 |
Interest Expense | 11.29 | 12.31 |
Interest Coverage | -10.08 | -22.36 |
Share Data | Q3 FY20 | Q3 FY19 |
---|---|---|
Shares outstanding (mil) | 187.48 | 194.52 |
Div / share | 0.02 | 0.04 |
EPS | -0.6 | -1.31 |
Book value / share | 11.31 | 15.13 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2807144.0 | 4056270.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.56 indicates a significant discount versus the S&P 500 average of 4.11 and a significant discount versus the subsector average of 2.35. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, PATTERSON-UTI ENERGY INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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PTEN NM | Peers 29.64 | PTEN 2.95 | Peers 16.03 | |||||||||||||||||||||
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. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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PTEN NM | Peers 51.89 | PTEN NA | Peers 0.56 | |||||||||||||||||||||
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 |
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Earnings Growth |
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PTEN 0.56 | Peers 2.35 | PTEN -57.63 | Peers -908.94 | |||||||||||||||||||||
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 |
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Sales Growth |
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PTEN 0.85 | Peers 1.26 | PTEN -49.70 | Peers -18.09 | |||||||||||||||||||||
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 subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. PTEN significantly trails its peers on the basis of sales growth. |
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