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Patterson-UTI Energy NasdaqGS:PTEN Stock Report

Last Price

US$11.94

Market Cap

US$4.9b

7D

0.8%

1Y

3.7%

Updated

28 Mar, 2024

Data

Company Financials +

Patterson-UTI Energy, Inc.

NasdaqGS:PTEN Stock Report

Market Cap: US$4.9b

Patterson-UTI Energy, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Patterson-UTI Energy
Historical stock prices
Current Share PriceUS$11.94
52 Week HighUS$16.18
52 Week LowUS$9.70
Beta2.23
1 Month Change2.67%
3 Month Change10.56%
1 Year Change3.74%
3 Year Change62.45%
5 Year Change-17.31%
Change since IPO1,195.18%

Recent News & Updates

Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Mar 08
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Recent updates

Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Mar 08
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Patterson-UTI Grows With NexTier Merger

Jan 15

Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Jan 03
Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly

Dec 13
Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly

Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings

Nov 16
Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings

Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?

Nov 05
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?

Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%

Sep 08
Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%

These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well

Aug 22
These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well

An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued

Aug 01
An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued

Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?

May 05
Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?

Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08

Nov 20
Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08

Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08

Nov 03
Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08

Patterson-UTI Energy Is Likely To Greatly Benefit From OPEC's Decision But It Remains Risky

Oct 10

Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Oct 10
Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt

Sep 19
We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt

Patterson-UTI Energy goes ex-dividend tomorrow

Aug 30

Patterson-UTI Energy Q2 2022 Earnings Preview

Jul 27

A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Jul 09
A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?

May 18
Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?

Is There An Opportunity With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) 35% Undervaluation?

Mar 18
Is There An Opportunity With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) 35% Undervaluation?

Shareholder Returns

PTENUS Energy ServicesUS Market
7D0.8%0.9%0.2%
1Y3.7%21.4%28.1%

Return vs Industry: PTEN underperformed the US Energy Services industry which returned 20.2% over the past year.

Return vs Market: PTEN underperformed the US Market which returned 28.8% over the past year.

Price Volatility

Is PTEN's price volatile compared to industry and market?
PTEN volatility
PTEN Average Weekly Movement5.9%
Energy Services Industry Average Movement5.7%
Market Average Movement6.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: PTEN has not had significant price volatility in the past 3 months.

Volatility Over Time: PTEN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197810,600Andy Hendrickshttps://www.patenergy.com

Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries.

Patterson-UTI Energy, Inc. Fundamentals Summary

How do Patterson-UTI Energy's earnings and revenue compare to its market cap?
PTEN fundamental statistics
Market capUS$4.92b
Earnings (TTM)US$246.29m
Revenue (TTM)US$4.15b

19.8x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PTEN income statement (TTM)
RevenueUS$4.15b
Cost of RevenueUS$2.81b
Gross ProfitUS$1.34b
Other ExpensesUS$1.09b
EarningsUS$246.29m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.60
Gross Margin32.20%
Net Profit Margin5.94%
Debt/Equity Ratio25.7%

How did PTEN perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

36%

Payout Ratio
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