PTEN - Patterson-UTI Energy Inc Stock Price, Fair Value and News

11.53USD-0.07 (-0.60%)Market Closed

Market Summary

USD11.53-0.07

Market Closed

-0.60%

PTEN Stock Price

View Fullscreen

PTEN RSI Chart

PTEN Valuation

Market Cap

4.7B

Price/Earnings (Trailing)

19.11

Price/Sales (Trailing)

1.14

EV/EBITDA

15.94

Price/Free Cashflow

12.06

PTEN Price/Sales (Trailing)

PTEN Profitability

EBT Margin

7.41%

Return on Equity

5.12%

Return on Assets

3.32%

Free Cashflow Yield

8.29%

PTEN Fundamentals

PTEN Revenue

Revenue (TTM)

4.1B

Rev. Growth (Yr)

100.93%

Rev. Growth (Qtr)

56.64%

PTEN Earnings

Earnings (TTM)

246.3M

Earnings Growth (Yr)

-38.11%

Earnings Growth (Qtr)

123.8K%

Breaking Down PTEN Revenue

Last 7 days

2.4%

Last 30 days

-0.8%

Last 90 days

10.3%

Trailing 12 Months

-7.0%

How does PTEN drawdown profile look like?

PTEN Financial Health

Current Ratio

1.41

Debt/Equity

0.25

Debt/Cashflow

0.82

PTEN Investor Care

Dividend Yield

2.78%

Dividend/Share (TTM)

0.32

Shares Dilution (1Y)

91.05%

Diluted EPS (TTM)

0.92

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	2.9B	3.1B	3.4B	4.1B
2022	1.6B	2.0B	2.3B	2.6B
2021	919.3M	960.6M	1.1B	1.4B
2020	2.2B	1.8B	1.4B	1.1B
2019	3.2B	3.0B	2.8B	2.5B
2018	2.9B	3.1B	3.3B	3.3B
2017	952.1M	1.3B	1.8B	2.4B
2016	1.5B	1.2B	1.0B	915.9M
2015	3.2B	2.9B	2.5B	1.9B
2014	2.7B	2.8B	2.9B	3.2B
2013	2.6B	2.6B	2.7B	2.7B
2012	2.7B	2.8B	2.8B	2.7B
2011	1.8B	2.1B	2.3B	2.6B
2010	785.3M	951.8M	1.2B	1.5B
2009	1.8B	1.4B	992.9M	781.9M
2008	0	2.0B	2.0B	2.1B
2007	0	0	0	2.0B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Patterson-UTI Energy Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	drummond robert wayne jr	sold	-768,445	11.76	-65,344	-
Feb 29, 2024	drummond robert wayne jr	sold	-2,204,250	11.73	-187,916	-
Jan 03, 2024	gillard matthew	sold (taxes)	-106,458	10.82	-9,839	president-completions
Jan 03, 2024	gillard matthew	acquired	-	-	40,406	president-completions
Jan 02, 2024	gillard matthew	sold (taxes)	-59,727	10.83	-5,515	president-completions
Jan 02, 2024	gillard matthew	acquired	-	-	18,682	president-completions
Jan 01, 2024	huff curtis w	acquired	-	-	22,685	-
Jan 01, 2024	jaime cesar	acquired	-	-	16,203	-
Jan 01, 2024	beyer leslie ann	acquired	-	-	16,203	-
Jan 01, 2024	halverson gary m.	acquired	-	-	16,203	-

Which funds bought or sold PTEN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	FIFTH THIRD BANCORP	added	14.19	4,235	20,370	-%
Apr 23, 2024	WEDGE CAPITAL MANAGEMENT L L P/NC	reduced	-7.42	105,163	4,580,220	0.07%
Apr 23, 2024	ARCADIA INVESTMENT MANAGEMENT CORP/MI	reduced	-27.68	-366,249	1,460,330	0.26%
Apr 23, 2024	SEVEN GRAND MANAGERS, LLC	new	-	2,388,000	2,388,000	1.17%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.06	163,014	1,899,650	0.04%
Apr 23, 2024	Global Retirement Partners, LLC	reduced	-12.25	132	3,164	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-18.15	-129,000	1,225,000	0.01%
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-	-564,864	2,006,700	0.01%
Apr 22, 2024	Rosenberg Matthew Hamilton	unchanged	-	2,947	36,449	0.01%
Apr 22, 2024	Oakworth Capital, Inc.	unchanged	-	175	1,827	-%

Are Funds Buying or Selling PTEN?

Are funds buying PTEN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PTEN

No. of Funds

Unveiling Patterson-UTI Energy Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	macquarie group ltd	3.8%	15,894,569	SC 13G/A
Feb 13, 2024	vanguard group inc	10.79%	45,041,080	SC 13G/A
Feb 09, 2024	bep diamond topco l.p.	6.9%	28,720,953	SC 13G/A
Jan 23, 2024	blackrock inc.	13.3%	55,520,175	SC 13G/A
Oct 06, 2023	blackrock inc.	13.5%	55,965,505	SC 13G/A
Aug 18, 2023	bep diamond topco l.p.	14.4%	34,900,000	SC 13G
Feb 14, 2023	macquarie group ltd	6.66%	14,439,074	SC 13G/A
Feb 09, 2023	vanguard group inc	11.99%	26,004,724	SC 13G/A
Jan 23, 2023	blackrock inc.	19.0%	41,182,824	SC 13G/A
Feb 14, 2022	macquarie group ltd	6.03%	12,980,732	SC 13G/A

Recent SEC filings of Patterson-UTI Energy Inc

View All Filings

Date Filed	Form Type	Document
Apr 11, 2024	ARS	ARS
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Apr 01, 2024	PRE 14A	PRE 14A
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4/A	Insider Trading
Mar 04, 2024	4/A	Insider Trading
Feb 29, 2024	144	Notice of Insider Sale Intent
Feb 27, 2024	10-K	Annual Report

Peers (Alternatives to Patterson-UTI Energy Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	480.3B	344.6B	6.63%	2.38%	13.34	1.39	-16.70%	-35.40%
CVX	303.9B	200.9B	5.29%	-5.04%	14.22	1.51	-18.40%	-39.75%
OXY	59.2B	28.9B	5.61%	7.38%	12.61	2.05	-22.04%	-64.70%
MRO	15.9B	6.6B	2.69%	12.54%	10.22	2.39	-17.41%	-56.98%
CHK	11.9B	8.7B	2.61%	7.38%	4.9	1.36	-25.73%	-50.99%
MID-CAP
RRC	8.5B	2.2B	10.15%	42.39%	17.6	3.86	-62.59%	-77.29%
HP	4.2B	2.8B	2.54%	14.07%	9.7	1.48	19.47%	177.97%
CNX	3.7B	3.4B	5.94%	53.51%	2.13	1.07	172.35%	1311.12%
KOS	2.8B	1.7B	0.34%	-14.77%	13.14	1.65	-26.01%	-5.75%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	289.7M	307.6M	16.98%	4.99%	0.74	0.94	-32.91%	578.62%
AMTX	166.2M	186.7M	-30.16%	80.93%	-3.58	0.89	-27.21%	56.92%
BATL	86.2M	220.8M	-8.07%	-26.71%	-28.29	0.39	-38.52%	-116.44%
AE	75.2M	2.7B	13.76%	-21.15%	354.73	0.03	-18.46%	-93.92%
BRN	27.2M	23.9M	18.14%	3.70%	-10.01	1.14	-21.86%	-149.09%

Patterson-UTI Energy Inc News

Latest updates

Patterson-UTI Energy Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	56.6%	1,584,317,000	1,011,452,000	758,885,000	791,802,000	788,476,000	727,503,000	622,238,000	509,375,000	466,493,000	357,885,000	291,774,000	240,929,000	220,801,000	207,141,000	250,380,000	445,927,000	492,297,000	598,452,000	675,765,000	704,171,000	795,937,000
Costs and Expenses	47.0%	1,472,612,000	1,001,748,000	654,303,000	665,839,000	671,671,000	651,158,000	585,476,000	528,256,000	827,297,000	447,894,000	401,184,000	358,456,000	344,999,000	321,707,000	409,464,000	940,337,000	575,060,000	905,757,000	723,890,000	727,554,000	1,006,727,000
S&GA Expenses	35.3%	61,037,000	45,102,000	33,257,000	30,566,000	34,577,000	28,472,000	26,079,000	27,461,000	24,206,000	22,063,000	23,555,000	22,558,000	20,919,000	22,355,000	23,991,000	30,346,000	31,833,000	34,231,000	34,894,000	32,555,000	32,771,000
EBITDA Margin	-20.2%	0.09	0.11	0.14	0.12	0.08	-0.12	-0.22	-0.36	-0.50	-0.40	-0.48	-0.25	-0.54	-0.41	-0.42	-	-	-	-	-	-
Interest Expenses	19.6%	18,681,000	15,625,000	9,738,000	8,826,000	8,058,000	10,975,000	10,658,000	10,565,000	10,582,000	10,683,000	10,704,000	10,009,000	7,274,000	11,288,000	10,984,000	11,224,000	28,183,000	20,739,000	13,298,000	12,984,000	12,910,000
Income Taxes	858.6%	31,332,000	-4,130,000	13,765,000	20,185,000	8,294,000	2,202,000	1,780,000	928,000	-8,116,000	-17,643,000	-15,973,000	-20,970,000	-24,846,000	-12,993,000	-19,317,000	-70,170,000	-23,430,000	-64,513,000	-10,128,000	-6,604,000	-21,370,000
Earnings Before Taxes	2215.9%	93,270,000	-4,408,000	98,379,000	119,863,000	108,391,000	63,654,000	23,666,000	-27,849,000	-372,475,000	-100,641,000	-119,282,000	-127,383,000	-131,373,000	-125,104,000	-169,649,000	-504,892,000	-109,353,000	-326,232,000	-59,575,000	-35,218,000	-222,619,000
EBT Margin	-23.0%	0.07	0.10	0.13	0.11	0.06	-0.13	-0.24	-0.38	-0.53	-0.43	-0.52	-0.60	-	-	-	-	-	-	-	-	-
Net Income	123800.0%	61,950,000	50,000	84,614,000	99,678,000	100,097,000	61,452,000	21,886,000	-28,777,000	-361,825,000	-82,998,000	-103,309,000	-106,413,000	-106,527,000	-112,111,000	-150,332,000	-434,722,000	-85,923,000	-261,719,000	-49,447,000	-28,614,000	-201,249,000
Net Income Margin	-30.0%	0.06	0.08	0.11	0.10	0.06	-0.13	-0.23	-0.35	-0.48	-0.36	-0.45	-0.52	-	-	-	-	-	-	-	-	-
Free Cashflow	5791.6%	247,359,000	-4,346,000	30,463,000	116,748,000	183,697,000	51,875,000	-45,027,000	-61,154,000	-31,585,000	-26,863,000	-2,475,000	-9,901,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.0%	7,420	7,421	3,117	3,092	3,144	3,042	2,960	2,889	2,958	3,017	3,073	3,172	3,299	3,491	3,625	3,870	4,440	4,609	5,192	5,368	5,470
Current Assets	4.3%	1,486	1,424	801	780	829	713	621	533	584	544	508	488	478	532	518	585	632	678	898	928	950
Cash Equivalents	187.4%	193	67.00	150	157	138	43.00	20.00	48.00	118	191	217	214	225	304	247	152	174	165	256	249	245
Inventory	-3.1%	181	187	68.00	65.00	65.00	55.00	54.00	45.00	42.00	35.00	34.00	34.00	33.00	34.00	35.00	34.00	36.00	37.00	69.00	66.00	66.00
Net PPE	-1.4%	3,340	3,388	2,264	2,253	2,261	2,279	2,289	2,306	2,332	2,425	2,512	2,628	2,761	2,893	3,034	3,187	3,307	3,433	3,769	3,899	4,003
Goodwill	0.5%	1,380	1,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	1.5%	2,599	2,561	1,397	1,419	1,478	1,408	1,384	1,312	1,348	1,292	1,266	1,260	1,283	1,372	1,396	1,491	1,606	1,666	1,913	1,964	1,964
Current Liabilities	1.3%	1,050	1,037	454	487	551	460	448	396	436	339	293	272	274	263	272	354	401	439	470	511	526
Long Term Debt	-0.3%	1,225	1,228	822	822	831	853	878	853	852	902	902	902	901	967	967	967	967	970	1,120	1,119	1,119
LT Debt, Current	1.5%	12.00	12.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-0.3%	1,225	1,228	822	822	831	853	878	853	852	902	902	902	901	967	967	967	967	970	1,120	1,119	1,119
Shareholder's Equity	-0.8%	4,812	4,851	1,720	1,673	1,666	1,634	1,576	1,577	1,609	1,726	1,808	1,912	2,016	2,120	2,229	2,379	2,834	2,943	3,278	3,403	3,505
Retained Earnings	97.2%	57.00	29.00	63.00	-4.89	-87.39	-170	-222	-235	-198	168	255	362	472	582	698	852	1,295	1,389	1,658	1,716	1,754
Additional Paid-In Capital	0.2%	6,407	6,396	3,209	3,202	3,203	3,197	3,192	3,176	3,172	2,919	2,914	2,908	2,902	2,896	2,889	2,885	2,876	2,866	2,857	2,836	2,827
Shares Outstanding	-1.5%	411	417	208	208	214	216	216	215	215	188	188	188	-	-	-	-	-	-	-	-	-
Minority Interest	-0.1%	8.00	8.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	2,400	-	-	-	3,400	-	-	-	1,800	-	-	-	639	-	-	-	2,300	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	190.0%	452,632	156,076	162,857	234,349	302,941	178,230	51,343	33,674	43,898	7,401	35,575	8,622	-4,427	63,952	146,042	73,291	112,362	218,542	181,467	183,832	241,924
Share Based Compensation	-51.0%	13,412	27,358	6,738	-758	5,639	5,656	5,162	4,642	4,685	5,048	5,934	5,891	6,485	6,592	4,335	9,160	9,270	9,670	11,050	9,338	9,476
Cashflow From Investing	64.3%	-203,954	-571,424	-125,867	-116,345	-113,575	-121,458	-84,826	-93,368	-60,970	-28,973	-25,736	-15,915	-7,604	-3,036	-46,688	-67,648	-50,897	-67,110	-87,457	-96,300	-151,952
Cashflow From Financing	-137.1%	-122,744	330,570	-43,920	-98,339	-94,548	-33,673	3,464	-8,624	-57,056	-3,832	-7,291	-3,754	-66,766	-3,940	-4,790	-27,654	-52,045	-242,181	-87,383	-83,612	-58,731
Dividend Payments	0.3%	33,310	33,217	16,591	16,916	17,160	8,673	8,652	8,611	4,302	3,780	3,769	3,754	3,752	3,746	3,735	7,629	7,738	7,847	8,344	8,499	8,629
Buy Backs	227.0%	76,424	23,371	27,329	73,586	57,173	-	12,884	13.00	2,754	52.00	-	-	50.00	194	910	20,025	25,192	76,123	79,039	75,113	50,082

PTEN Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating revenues:
Total operating revenues	$ 4,146,456	$ 2,647,592	$ 1,357,081
Operating costs and expenses:
Depreciation, depletion, amortization and impairment	731,416	483,945	849,178
Selling, general and administrative	169,962	116,589	92,382
Credit loss expense	842	0	(1,500)
Merger and integration expenses	98,077	2,069	12,060
Other operating (income) expenses, net	(17,114)	(12,592)	763
Total operating costs and expenses	3,794,502	2,436,561	2,034,831
Operating income (loss)	351,954	211,031	(677,750)
Other income (expense):
Interest income	6,122	360	222
Interest expense, net of amount capitalized	(52,870)	(40,256)	(41,978)
Other	1,898	(3,273)	(275)
Total other expense	(44,850)	(43,169)	(42,031)
Income (loss) from continuing operations before income taxes	307,104	167,862	(719,781)
Total income tax expense (benefit)	61,152	13,204	(62,702)
Income (loss) from continuing operations	245,952	154,658	(657,079)
Income from discontinued operations, net of tax	0	0	2,534
Net income (loss)	245,952	154,658	(654,545)
Net loss attributable to noncontrolling interest	(340)	0	0
Net income (loss) attributable to common stockholders	$ 246,292	$ 154,658	$ (654,545)
Net income (loss) per common share - basic:
Continuing Operations	$ 0.88	$ 0.72	$ (3.37)
Discontinued operations	0	0	0.01
Net income (loss) - basic	0.88	0.72	(3.36)
Net income (loss) per common share - diluted:
Continuing Operations	0.88	0.7	(3.37)
Discontinued operations	0	0	0.01
Net income (loss) - diluted	$ 0.88	$ 0.7	$ (3.36)
Weighted average number of common shares outstanding:
Basic	279,501	215,935	195,021
Diluted	280,061	219,496	195,021
Drilling Services
Operating revenues:
Total operating revenues	$ 1,919,759	$ 1,544,820	$ 784,218
Operating costs and expenses:
Operating costs and expenses	1,119,200	1,025,904	577,983
Other
Operating revenues:
Total operating revenues	74,578	80,359	49,107
Operating costs and expenses:
Operating costs and expenses	42,624	39,261	28,012
Completion Services
Operating revenues:
Total operating revenues	2,017,440	1,022,413	523,756
Operating costs and expenses:
Operating costs and expenses	1,567,940	781,385	475,953
Drilling Products
Operating revenues:
Total operating revenues	134,679	0	0
Operating costs and expenses:
Operating costs and expenses	$ 81,555	$ 0	$ 0

PTEN Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash, cash equivalents and restricted cash	$ 192,680	$ 137,553
Accounts receivable, net of allowance for credit losses of $3,490 and $2,875 at December 31, 2023 and 2022, respectively	971,091	565,520
Inventory	180,805	65,377
Other current assets	141,122	60,969
Total current assets	1,485,698	829,419
Property and equipment, net	3,340,412	2,260,576
Operating lease right of use asset	47,599	20,841
Finance lease right of use asset	63,228	0
Goodwill	1,379,741	0
Intangible assets, net	1,051,697	5,845
Deposits on equipment purchases	28,305	13,051
Other assets	19,424	10,881
Deferred tax assets, net	3,927	3,210
Total assets	7,420,031	3,143,823
Current liabilities:
Accounts payable	534,420	237,056
Accrued liabilities	446,268	308,787
Operating lease liability	13,541	5,123
Finance lease liability	43,980	0
Current maturities of long-term debt	12,226	0
Total current liabilities	1,050,435	550,966
Long-term operating lease liability	37,848	19,594
Long-term finance lease liability	12,953	0
Long-term debt, net of debt discount and issuance costs of $8,918 and $5,468 at December 31, 2023 and 2022, respectively	1,224,941	830,937
Deferred tax liabilities, net	248,107	28,738
Other liabilities	25,066	48,065
Total liabilities	2,599,350	1,478,300
Commitments and contingencies (see Note 10)
Stockholders’ equity:
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued	0	0
Common stock, par value $0.01; authorized 800,000,000 and 400,000,000 shares with 516,775,313 and 302,325,853 issued and 411,195,302 and 213,567,131 outstanding at December 31, 2023 and 2022, respectively	5,166	3,023
Additional paid-in capital	6,407,294	3,202,973
Retained earning (deficit)	57,035	(87,394)
Accumulated other comprehensive loss	472	0
Treasury stock, at cost, 105,580,011 shares and 88,758,722 shares at December 31, 2023 and 2022, respectively	(1,657,675)	(1,453,079)
Total stockholders' equity attributable to controlling interests	4,812,292	1,665,523
Noncontrolling interest	8,389	0
Total equity	4,820,681	1,665,523
Total liabilities and stockholders’ equity	$ 7,420,031	$ 3,143,823

About Patterson-UTI Energy Inc

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. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

CEO	Mr. William Andrew Hendricks Jr.
WEBSITE	patenergy.com
INDUSTRY	Oil - E&P
EMPLOYEES	6500

Patterson-UTI Energy Inc Frequently Asked Questions

What is the ticker symbol for Patterson-UTI Energy Inc? What does PTEN stand for in stocks?

PTEN is the stock ticker symbol of Patterson-UTI Energy Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Patterson-UTI Energy Inc (PTEN)?

As of Tue Apr 23 2024, market cap of Patterson-UTI Energy Inc is 4.74 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PTEN stock?

You can check PTEN's fair value in chart for subscribers.

What is the fair value of PTEN stock?

You can check PTEN's fair value in chart for subscribers. The fair value of Patterson-UTI Energy Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Patterson-UTI Energy Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PTEN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Patterson-UTI Energy Inc a good stock to buy?

The fair value guage provides a quick view whether PTEN is over valued or under valued. Whether Patterson-UTI Energy Inc is cheap or expensive depends on the assumptions which impact Patterson-UTI Energy Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PTEN.

What is Patterson-UTI Energy Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, PTEN's PE ratio (Price to Earnings) is 19.23 and Price to Sales (PS) ratio is 1.14. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PTEN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Patterson-UTI Energy Inc's stock?

In the past 10 years, Patterson-UTI Energy Inc has provided -0.097 (multiply by 100 for percentage) rate of return.