| Address:
|
5075 WESTHEIMER
SUITE 890 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77056 |
| Telephone: |
713-369-0550 |
|
Description of Business
|
Primary SIC Code:
1389 |
| (As filed with the SEC)
|
|
|
We provide services and equipment to oil and natural gas exploration and
production companies throughout the United States including Texas, Louisiana,
New Mexico, Colorado, Oklahoma, Mississippi, Wyoming, Arkansas, West Virginia,
offshore in the Gulf of Mexico, and internationally primarily in Argentina and
Mexico. We operate in six sectors of the oil and natural gas service industry:
Rental Services; International Drilling; Directional Drilling; Tubular Services;
Underbalanced Drilling and Production Services. Our central operating strategy
is to provide high-quality, technologically advanced services and equipment. As
a result of our commitment to customer service, we have developed strong
relationships with many of the leading oil and natural gas companies, including
both independents and majors. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | -0.42 | NA | N/E | | 09/2009 | -2.27 | NA | N/E | | 06/2009 | -1.74 | NA | N/E | | 03/2009 | -1.43 | NA | N/E | | 12/2008 | -1.13 | NA | N/E | | 09/2008 | 1.03 | NA | 12.28 | | 06/2008 | 1.05 | NA | 16.95 | | 03/2008 | 1.31 | NA | 10.53 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -0.05 | Total Liab/Total Assets | 0.55 | | Net Inc/Total Assets | -0.02 | Total Liab/Inv Cap | 0.63 | | Net Inc/Inv Cap | -0.02 | Total Liab/Comm Equity | 1.41 | | Pretax Inc/Net Sales | -0.06 | Interest Coverage Ratio | 0.36 | | Net Inc/Net Sales | -0.04 | Curr Debt/Equity | 0.04 | | Cash Flow/Net Sales | 0.11 | LTD/Equity | 0.98 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 1.02 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.71 | Quick Ratio | 1.46 | | Inventory Turnover | 12.44 | Current Ratio | 1.76 | | Inventory Day Sales | 0.04 | Net Rec/Curr Assets | 0.55 | | Net Sales/Work Cap | 5.90 | Inv/Curr Assets | 0.17 | | Net Sales/PP&E | 0.68 | | |
Income Statement (Millions) |
| |
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Total Revenues(Net Sales)
|
128.63
|
120.02
|
112.51
|
145.10
|
|
Cost of Goods Sold
|
176.58
|
90.76
|
87.24
|
103.13
|
|
Selling & Admin Exps
|
10.17
|
11.43
|
15.53
|
13.64
|
|
Operating Income
|
-0.71
|
-3.07
|
-12.54
|
7.77
|
|
Interest Exp
|
10.65
|
10.76
|
13.22
|
13.51
|
|
Pretax Income
|
-11.91
|
-13.76
|
0.13
|
-5.51
|
|
Other Income
|
-0.23
|
-1.84
|
25.89
|
0.22
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-8.85
|
-9.65
|
-0.09
|
-2.61
|
|
Assets
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Cash & Short Term Investments
|
41.07
|
41.64
|
59.36
|
10.86
|
|
Receivables - Total
|
108.85
|
99.17
|
105.67
|
137.73
|
|
Inventories - Total
|
34.53
|
35.20
|
36.56
|
37.32
|
|
Total Current Assets
|
198.25
|
191.14
|
215.70
|
199.54
|
|
Net Property, Plant & Equipment
|
746.48
|
756.21
|
767.67
|
754.11
|
|
Total Assets
|
1,080.62
|
1,076.47
|
1,103.52
|
1,085.91
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
95.43
|
77.22
|
91.59
|
98.79
|
|
Debt in Current Liabilities
|
17.03
|
16.71
|
15.56
|
13.57
|
|
Total Current Liabilities
|
112.46
|
93.93
|
107.15
|
112.36
|
|
Long-Term Debt
|
475.21
|
478.74
|
483.21
|
581.45
|
|
Total Liabilities
|
596.97
|
582.14
|
600.16
|
704.03
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
34.18
|
34.18
|
34.18
|
NA
|
|
Common Stock
|
0.71
|
0.71
|
0.71
|
0.36
|
|
Retained Earnings
|
25.93
|
35.41
|
45.69
|
45.81
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
483.65
|
494.33
|
503.36
|
381.88
|
|
Total Liabilities and Stockholders' Equity
|
1,080.62
|
1,076.47
|
1,103.52
|
1,085.91
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Net Cash Provided by Operating Activities
|
17.99
|
-5.45
|
27.85
|
15.11
|
|
Net Cash Provided by Investing Activities
|
-14.57
|
-8.15
|
-28.89
|
-12.38
|
|
Net Cash Provided by Financing Activities
|
-3.98
|
-4.13
|
49.54
|
1.26
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 105.34 | 7.18 | 0.44 | | 12/2006 | 307.30 | 35.63 | 1.66 | | 12/2007 | 570.97 | 50.44 | 1.45 | | 12/2008 | 675.95 | -39.46 | -1.13 | | 12/2009 | 506.25 | -21.19 | -0.42 | | Growth Rates | 48.06 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 90 | 20,070 | 28.09 |
|
Report Date :
3/15/2010
 Copyright
2010, EDGAR Online, Inc. All
rights reserved. Replication or redistribution of EDGAR Online, Inc. content is
expressly prohibited without the prior written consent of EDGAR Online, Inc.
EDGAR Online, Inc. shall not be liable for any errors or delays in the content,
or for any actions taken in reliance thereon.
|
|
|