PTEN Stock Overview
Through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally.
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
+ 1 more risk
Patterson-UTI Energy, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.31 |
| 52 Week High | US$16.18 |
| 52 Week Low | US$8.64 |
| Beta | 2.19 |
| 11 Month Change | -10.82% |
| 3 Month Change | -13.80% |
| 1 Year Change | -33.55% |
| 33 Year Change | 17.55% |
| 5 Year Change | 7.63% |
| Change since IPO | 909.89% |
Recent News & Updates
Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08
Aug 21
Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
Aug 09Patterson-UTI Energy, Inc. Just Missed EPS By 59%: Here's What Analysts Think Will Happen Next
Aug 01Recent updates
Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08
Aug 21Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
Aug 09Patterson-UTI Energy, Inc. Just Missed EPS By 59%: Here's What Analysts Think Will Happen Next
Aug 01Does Patterson-UTI Energy (NASDAQ:PTEN) Have A Healthy Balance Sheet?
Jun 22Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08
May 23Patterson-UTI: The Worm Has Turned In Gas
May 22Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08
May 07Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 03Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Business Is Trailing The Market But Its Shares Aren't
Apr 25Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?
Mar 08Patterson-UTI Grows With NexTier Merger
Jan 15Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Jan 03Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly
Dec 13Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings
Nov 16Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?
Nov 05Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%
Sep 08These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well
Aug 22An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued
Aug 01Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?
May 05Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08
Nov 20Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08
Nov 03Patterson-UTI Energy Is Likely To Greatly Benefit From OPEC's Decision But It Remains Risky
Oct 10Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Oct 10Shareholder Returns
| PTEN | US Energy Services | US Market | |
|---|---|---|---|
| 7D | 2.0% | 0.5% | 1.6% |
| 1Y | -33.5% | -8.6% | 26.4% |
Return vs Industry: PTEN underperformed the US Energy Services industry which returned -11.1% over the past year.
Return vs Market: PTEN underperformed the US Market which returned 25.3% over the past year.
Price Volatility
| PTEN volatility | |
|---|---|
| PTEN Average Weekly Movement | 6.2% |
| Energy Services Industry Average Movement | 6.4% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 15.1% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1978 | 10,600 | Andy Hendricks | 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
| PTEN fundamental statistics | |
|---|---|
| Market cap | US$3.66b |
| Earnings (TTM) | US$124.31m |
| Revenue (TTM) | US$5.45b |
29.4x
P/E Ratio0.7x
P/S RatioIs PTEN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PTEN income statement (TTM) | |
|---|---|
| Revenue | US$5.45b |
| Cost of Revenue | US$3.86b |
| Gross Profit | US$1.60b |
| Other Expenses | US$1.47b |
| Earnings | US$124.31m |
Last Reported Earnings
Jun 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.32 |
| Gross Margin | 29.25% |
| Net Profit Margin | 2.28% |
| Debt/Equity Ratio | 26.7% |
How did PTEN perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield97%
Payout RatioDoes PTEN pay a reliable dividends?
See PTEN dividend history and benchmarks| Patterson-UTI Energy dividend dates | |
|---|---|
| Ex Dividend Date | Sep 03 2024 |
| Dividend Pay Date | Sep 16 2024 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 23 days |
Does PTEN pay a reliable dividends?
See PTEN dividend history and benchmarks