Investor Optimism Abounds Patterson-UTI Energy, Inc. (NASDAQ:PTEN) But Growth Is Lacking
Jan 15
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U.S. Oil and Gas Drilling Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies12
- 7D3.6%
- 3M0.3%
- 1Y-18.6%
- YTDn/a
Over the last 7 days, the Oil and Gas Drilling industry has risen 3.6%, driven by gains from Patterson-UTI Energy of 7.0%. In the same time, Borr Drilling was down 9.6%. However, the industry is down 19% over the past year. Earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the U.S. Oil and Gas Drilling Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 Jan 2025 | US$24.1b | US$23.1b | US$782.8m | 8.1x | 30.8x | 1x |
| Wed, 18 Dec 2024 | US$21.2b | US$22.2b | US$698.6m | 5.8x | 30.4x | 1x |
| Fri, 15 Nov 2024 | US$23.7b | US$22.2b | US$715.4m | 6.5x | 33.1x | 1.1x |
| Sun, 13 Oct 2024 | US$24.1b | US$20.8b | US$2.0b | 9.6x | 12.3x | 1.2x |
| Tue, 10 Sep 2024 | US$23.5b | US$20.8b | US$2.0b | 8.9x | 12x | 1.1x |
| Thu, 08 Aug 2024 | US$27.2b | US$21.8b | US$1.7b | 9.5x | 15.9x | 1.2x |
| Sat, 06 Jul 2024 | US$30.4b | US$21.0b | US$1.6b | 11.2x | 19.6x | 1.5x |
| Mon, 03 Jun 2024 | US$32.0b | US$21.0b | US$1.6b | 11.4x | 20.6x | 1.5x |
| Wed, 01 May 2024 | US$29.5b | US$20.0b | US$1.6b | 11.4x | 18.2x | 1.5x |
| Fri, 29 Mar 2024 | US$29.2b | US$18.6b | US$917.6m | 12.1x | 31.8x | 1.6x |
| Sun, 25 Feb 2024 | US$25.9b | US$18.4b | US$217.7m | 19.6x | 118.8x | 1.4x |
| Tue, 23 Jan 2024 | US$25.7b | US$17.5b | -US$34,902,000.00 | 15.1x | -736.3x | 1.5x |
| Thu, 21 Dec 2023 | US$27.7b | US$17.5b | -US$34,902,000.00 | 16.1x | -792.8x | 1.6x |
| Sat, 18 Nov 2023 | US$27.4b | US$17.5b | -US$34,902,000.00 | 17.7x | -786.2x | 1.6x |
| Mon, 16 Oct 2023 | US$31.5b | US$16.7b | US$299.5m | 16.5x | 105.2x | 1.9x |
| Wed, 13 Sep 2023 | US$30.4b | US$16.7b | US$299.5m | 11.4x | 101.5x | 1.8x |
| Fri, 11 Aug 2023 | US$29.5b | US$16.7b | US$299.5m | 10.7x | 98.5x | 1.8x |
| Sun, 09 Jul 2023 | US$26.8b | US$15.7b | US$73.9m | 19.1x | 362.1x | 1.7x |
| Tue, 06 Jun 2023 | US$23.7b | US$15.7b | US$73.9m | 17.6x | 320.8x | 1.5x |
| Thu, 04 May 2023 | US$21.2b | US$15.2b | -US$183,816,000.00 | 13x | -115.3x | 1.4x |
| Sat, 01 Apr 2023 | US$23.9b | US$14.3b | -US$501,182,000.00 | 26.1x | -47.7x | 1.7x |
| Mon, 27 Feb 2023 | US$25.1b | US$13.7b | -US$628,687,000.00 | 28.2x | -39.9x | 1.8x |
| Wed, 25 Jan 2023 | US$27.4b | US$12.9b | -US$1,194,661,000.00 | 34.5x | -22.9x | 2.1x |
| Fri, 23 Dec 2022 | US$24.2b | US$12.9b | -US$1,194,661,000.00 | 31.5x | -20.3x | 1.9x |
| Sun, 20 Nov 2022 | US$25.7b | US$12.6b | -US$1,319,205,000.00 | 30.3x | -19.5x | 2x |
| Tue, 18 Oct 2022 | US$21.8b | US$12.6b | -US$1,769,313,000.00 | 40.7x | -12.3x | 1.7x |
| Thu, 15 Sep 2022 | US$19.8b | US$11.8b | -US$1,869,485,000.00 | 59x | -10.6x | 1.7x |
| Sat, 13 Aug 2022 | US$18.9b | US$11.9b | -US$1,916,778,000.00 | 52.1x | -9.9x | 1.6x |
| Mon, 11 Jul 2022 | US$16.8b | US$10.8b | -US$7,622,904,000.00 | 21.3x | -2.2x | 1.6x |
| Wed, 08 Jun 2022 | US$23.1b | US$10.8b | -US$7,622,904,000.00 | 28.9x | -3x | 2.1x |
| Fri, 06 May 2022 | US$20.7b | US$10.7b | -US$7,928,546,000.00 | 26.3x | -2.6x | 1.9x |
| Sun, 03 Apr 2022 | US$19.8b | US$10.2b | -US$8,607,670,000.00 | 6.1x | -2.3x | 1.9x |
| Tue, 01 Mar 2022 | US$15.2b | US$9.7b | -US$6,445,608,000.00 | 2.6x | -2.4x | 1.6x |
| Thu, 27 Jan 2022 | US$13.1b | US$9.3b | -US$9,036,360,000.00 | 0.2x | -1.4x | 1.4x |
Price to Earnings Ratio
-1.4x
Current Industry PE
- Investors are optimistic on the American Oil and Gas Drilling industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.8x which is higher than its 3-year average PE of -8.4x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- Total earnings for the Oil and Gas Drilling industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 36% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does U.S. Oil and Gas Drilling compare with similar industries?
| US Market | 3.25% | |
| Energy | 5.87% | |
| Energy Services | 8.77% | |
| Oil and Gas Drilling | 3.63% | |
| Oil and Gas Services | 9.40% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PTEN Patterson-UTI Energy | US$9.29 | 7.0% +US$237.9m | -9.7% | PS0.6x | |
| VAL Valaris | US$48.04 | 3.7% +US$123.0m | -28.6% | PE3.2x | |
| HP Helmerich & Payne | US$36.38 | 3.2% +US$111.6m | 7.4% | PE10.6x | |
| NE Noble | US$33.54 | 1.6% +US$86.6m | -24.4% | PE10.7x | |
| SDRL Seadrill | US$37.52 | 1.7% +US$41.1m | -18.2% | PE5.9x |