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Patterson-UTI Energy, Inc.

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PTEN : NASDAQ :
$6.59 | %
Today's Range: 6.39 - 6.82
Avg. Daily Volume: 0
01/15/21 - 4:15 PM ET
Rating Summary Rating Detail Financial Analysis Peer Group

Financial Analysis


PATTERSON-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.

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 Q3 FY20 Q3 FY19
Net Sales ($mil)207.14598.45
EBITDA ($mil)43.53125.59
EBIT ($mil)-113.79-275.18
Net Income ($mil)-112.11-261.72


Balance Sheet Q3 FY20 Q3 FY19
Cash & Equiv. ($mil)303.74164.83
Total Assets ($mil)3491.234609.09
Total Debt ($mil)995.57999.19
Equity ($mil)2119.562942.99


Profitability Q3 FY20 Q3 FY19
Gross Profit Margin31.8126.34
EBITDA Margin21.0120.98
Operating Margin-54.93-45.98
Sales Turnover0.40.6
Return on Assets-22.43-11.73
Return on Equity-36.95-18.38
Debt Q3 FY20 Q3 FY19
Current Ratio2.021.54
Debt/Capital0.320.25
Interest Expense11.2912.31
Interest Coverage-10.08-22.36


Share Data Q3 FY20 Q3 FY19
Shares outstanding (mil)187.48194.52
Div / share0.020.04
EPS-0.6-1.31
Book value / share11.3115.13
Institutional Own % n/a n/a
Avg Daily Volume2807144.04056270.0

Valuation


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
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
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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