Patterson-UTI Energy
Market Cap
US$1.5b
Last Updated
2021/07/24 01:53 UTC
Data Sources
Company Financials +
Executive Summary
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Patterson-UTI Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PTEN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: PTEN's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-4.7%
PTEN
-0.2%
US Energy Services
2.0%
US Market
1 Year Return
100.0%
PTEN
40.1%
US Energy Services
39.1%
US Market
Return vs Industry: PTEN exceeded the US Energy Services industry which returned 40.4% over the past year.
Return vs Market: PTEN exceeded the US Market which returned 36.9% over the past year.
Shareholder returns
| PTEN | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.7% | -0.2% | 2.0% |
| 30 Day | -26.3% | -14.7% | 2.3% |
| 90 Day | 24.3% | 6.8% | 3.5% |
| 1 Year | 102.9%100.0% | 44.6%40.1% | 41.3%39.1% |
| 3 Year | -51.5%-53.7% | -51.4%-55.7% | 64.0%53.8% |
| 5 Year | -57.2%-59.5% | -52.5%-60.6% | 123.8%99.0% |
Long-Term Price Volatility Vs. Market
How volatile is Patterson-UTI Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does Patterson-UTI Energy (NASDAQ:PTEN) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Patterson-UTI Energy (NASDAQ:PTEN) Is Due To Pay A Dividend Of US$0.021 month ago | Simply Wall St
Why It Might Not Make Sense To Buy Patterson-UTI Energy, Inc. (NASDAQ:PTEN) For Its Upcoming DividendValuation
Is Patterson-UTI Energy undervalued compared to its fair value and its price relative to the market?
20.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PTEN ($7.85) is trading below our estimate of fair value ($9.82)
Significantly Below Fair Value: PTEN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PTEN is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.
PE vs Market: PTEN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PTEN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PTEN is good value based on its PB Ratio (0.8x) compared to the US Energy Services industry average (1.1x).
Future Growth
How is Patterson-UTI Energy forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
51.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PTEN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PTEN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PTEN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PTEN's revenue (12% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: PTEN's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PTEN is forecast to be unprofitable in 3 years.
Past Performance
How has Patterson-UTI Energy performed over the past 5 years?
-25.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PTEN is currently unprofitable.
Growing Profit Margin: PTEN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PTEN is unprofitable, and losses have increased over the past 5 years at a rate of 25.5% per year.
Accelerating Growth: Unable to compare PTEN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PTEN is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (27.1%).
Return on Equity
High ROE: PTEN has a negative Return on Equity (-24.86%), as it is currently unprofitable.
Financial Health
How is Patterson-UTI Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PTEN's short term assets ($487.6M) exceed its short term liabilities ($272.3M).
Long Term Liabilities: PTEN's short term assets ($487.6M) do not cover its long term liabilities ($987.4M).
Debt to Equity History and Analysis
Debt Level: PTEN's debt to equity ratio (47.2%) is considered high.
Reducing Debt: PTEN's debt to equity ratio has increased from 33.8% to 47.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PTEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PTEN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19% per year.
Dividend
What is Patterson-UTI Energy current dividend yield, its reliability and sustainability?
1.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PTEN's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: PTEN's dividend (1.02%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: PTEN's dividend payments have been volatile in the past 10 years.
Growing Dividend: PTEN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: PTEN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PTEN is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.5yrs
Average management tenure
CEO
Andy Hendricks (56 yo)
8.75yrs
Tenure
US$3,722,515
Compensation
Mr. William Andrew Hendricks, Jr., also known as Andy, has been Chief Executive Officer and President at Seventy Seven Energy Inc. since April 20, 2017. Mr. Hendricks has been the Chief Executive Officer a...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD3.72M) is about average for companies of similar size in the US market ($USD3.72M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PTEN's management team is seasoned and experienced (9.5 years average tenure).
Board Members
Experienced Board: PTEN's board of directors are considered experienced (5.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Patterson-UTI Energy, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Patterson-UTI Energy, Inc.
- Ticker: PTEN
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: US$1.480b
- Shares outstanding: 188.52m
- Website: https://www.patenergy.com
Number of Employees
Location
- Patterson-UTI Energy, Inc.
- 10713 West Sam Houston Parkway North
- Suite 800
- Houston
- Texas
- 77064
- United States
Listings
Biography
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contr...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/24 01:53 |
| End of Day Share Price | 2021/07/23 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.