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PTEN

Patterson-UTI Energy NasdaqGS:PTEN Stock Report

Last Price

US$11.77

Market Cap

US$4.9b

7D

-0.3%

1Y

-27.8%

Updated

04 Dec, 2023

Data

Company Financials +

Patterson-UTI Energy, Inc.

NasdaqGS:PTEN Stock Report

Mkt Cap: US$4.9b

PTEN Stock Overview

Patterson-UTI Energy, Inc., through its subsidiaries, provides contract drilling services to oil and natural gas operators in the United States and internationally.

PTEN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance3/6
Financial Health5/6
Dividends4/6

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$11.77
52 Week HighUS$18.10
52 Week LowUS$9.70
Beta2.43
1 Month Change-8.26%
3 Month Change-20.63%
1 Year Change-27.84%
3 Year Change129.43%
5 Year Change-6.36%
Change since IPO1,176.74%

Recent News & Updates

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

Recent updates

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?

Patterson-UTI Energy: Rig Upgrade Enhances Value

Feb 19

Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To US$0.04

Feb 13
Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To US$0.04

Shareholder Returns

PTENUS Energy ServicesUS Market
7D-0.3%-0.4%1.1%
1Y-27.8%3.1%11.7%

Return vs Industry: PTEN underperformed the US Energy Services industry which returned 3.1% over the past year.

Return vs Market: PTEN underperformed the US Market which returned 11.7% over the past year.

Price Volatility

Is PTEN's price volatile compared to industry and market?
PTEN volatility
PTEN Average Weekly Movement5.7%
Energy Services Industry Average Movement5.7%
Market Average Movement6.1%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.9%

Stable Share Price: PTEN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

FoundedEmployeesCEOWebsite
19786,500Andy Hendrickshttps://www.patenergy.com

Patterson-UTI Energy, Inc., through its subsidiaries, provides contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia.

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$4.91b
Earnings (TTM)US$284.44m
Revenue (TTM)US$3.35b

17.3x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PTEN income statement (TTM)
RevenueUS$3.35b
Cost of RevenueUS$2.21b
Gross ProfitUS$1.14b
Other ExpensesUS$858.16m
EarningsUS$284.44m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin34.10%
Net Profit Margin8.49%
Debt/Equity Ratio25.5%

How did PTEN perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

26%

Payout Ratio