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PTEN

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

10.38USD-0.33 (-3.08%)Market Closed

Market Summary

PTEN
USD10.38-0.33
Market Closed
-3.08%

PTEN Alerts

  • 1 major insider sales recently.

PTEN Stock Price

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PTEN RSI Chart

PTEN Valuation

Market Cap

4.2B

Price/Earnings (Trailing)

21.07

Price/Sales (Trailing)

0.86

EV/EBITDA

16.25

Price/Free Cashflow

10.11

PTEN Price/Sales (Trailing)

PTEN Profitability

EBT Margin

5.32%

Return on Equity

4.17%

Return on Assets

2.74%

Free Cashflow Yield

9.89%

PTEN Fundamentals

PTEN Revenue

Revenue (TTM)

4.9B

Rev. Growth (Yr)

90.75%

Rev. Growth (Qtr)

-4.67%

PTEN Earnings

Earnings (TTM)

197.8M

Earnings Growth (Yr)

-48.6%

Earnings Growth (Qtr)

-17.3%

Breaking Down PTEN Revenue

Last 7 days

1.3%

Last 30 days

5.3%

Last 90 days

-9.8%

Trailing 12 Months

-29.6%

How does PTEN drawdown profile look like?

PTEN Financial Health

Current Ratio

1.48

Debt/Equity

0.26

Debt/Cashflow

0.93

PTEN Investor Care

Dividend Yield

3.08%

Dividend/Share (TTM)

0.32

Shares Dilution (1Y)

92.90%

Diluted EPS (TTM)

0.59

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20244.9B000
20232.9B3.1B3.4B4.1B
20221.6B2.0B2.3B2.6B
2021919.3M960.6M1.1B1.4B
20202.2B1.8B1.4B1.1B
20193.2B3.0B2.8B2.5B
20182.9B3.1B3.3B3.3B
2017952.1M1.3B1.8B2.4B
20161.5B1.2B1.0B915.9M
20153.2B2.9B2.5B1.9B
20142.7B2.8B2.9B3.2B
20132.6B2.6B2.7B2.7B
20122.7B2.8B2.8B2.7B
20111.8B2.1B2.3B2.6B
2010785.3M951.8M1.2B1.5B
20091.8B1.4B992.9M781.9M
200802.0B2.0B2.1B
20070002.0B
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Tracking the Latest Insider Buys and Sells of Patterson-UTI Energy Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 18, 2024
gillard matthew
sold
-592,200
9.87
-60,000
president-completions
May 20, 2024
drummond robert wayne jr
sold
-1,732,500
11.55
-150,000
-
May 09, 2024
holcomb james michael
sold (taxes)
-321,553
11.16
-28,813
evp & chief business officer
May 09, 2024
smith charles andrew
sold (taxes)
-577,463
11.16
-51,744
evp & chief financial officer
May 09, 2024
holcomb james michael
acquired
-
-
155,834
evp & chief business officer
May 09, 2024
wexler seth david
acquired
-
-
159,868
evp/general counsel/secretary
May 09, 2024
berns kenneth n
sold (taxes)
-689,052
11.16
-61,743
executive vice president
May 09, 2024
smith charles andrew
acquired
-
-
214,381
evp & chief financial officer
May 09, 2024
hendricks william andrew jr
acquired
-
-
698,869
president & ceo
May 09, 2024
hendricks william andrew jr
sold (taxes)
-1,430,170
11.16
-128,151
president & ceo

1–10 of 50

Which funds bought or sold PTEN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jul 18, 2024
Blue Trust, Inc.
added
263
65,741
90,708
-%
Jul 18, 2024
Stanley-Laman Group, Ltd.
added
30.76
366,835
3,092,920
0.44%
Jul 18, 2024
VALLEY NATIONAL ADVISERS INC
sold off
-100
-3,000
-
-%
Jul 18, 2024
Triad Wealth Partners, LLC
new
-
10,360
10,360
-%
Jul 17, 2024
SWS Partners
new
-
3,947
3,947
-%
Jul 17, 2024
AlphaMark Advisors, LLC
sold off
-100
-337,000
-
-%
Jul 17, 2024
Clear Harbor Asset Management, LLC
added
5.36
-66,415
707,536
0.06%
Jul 17, 2024
KBC Group NV
unchanged
-
-14,000
97,000
-%
Jul 17, 2024
WEDGE CAPITAL MANAGEMENT L L P/NC
reduced
-17.63
-1,306,640
3,273,570
0.06%
Jul 16, 2024
SJS Investment Consulting Inc.
unchanged
-
-8.00
52.00
-%

1–10 of 48

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Jun 20, 2024
4
Insider Trading
Jun 18, 2024
144
Notice of Insider Sale Intent
Jun 06, 2024
8-K
Current Report
Jun 06, 2024
S-8
Employee Benefits Plan
May 30, 2024
SD
SD
May 21, 2024
4
Insider Trading
May 20, 2024
144
Notice of Insider Sale Intent
May 13, 2024
8-K
Current Report
May 13, 2024
4
Insider Trading
May 13, 2024
4
Insider Trading

Peers (Alternatives to Patterson-UTI Energy Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
457.7B
341.1B
6.13% 12.26%
13.96
1.34
-16.75% -46.83%
293.2B
198.9B
3.78% 1.75%
14.45
1.47
-18.05% -43.28%
56.0B
27.7B
3.09% 4.45%
12.96
2.02
-22.75% -55.41%
16.2B
6.6B
5.12% 13.83%
11.3
2.47
-17.48% -47.38%
10.6B
6.4B
-3.53% -2.97%
10.05
1.65
-54.63% -85.10%
MID-CAP
8.0B
2.2B
-4.12% 8.71%
16.53
3.63
-62.59% -77.29%
4.0B
2.5B
8.16% 40.51%
3.89
1.56
-6.59% -31.79%
3.8B
2.7B
14.57% -7.23%
10.69
1.37
2.93% 8.77%
2.6B
1.7B
6.07% -16.19%
11.88
1.53
-15.13% -28.06%
2.4B
2.1B
12.10% 1.07%
5.93
1.13
-35.04% -60.65%
SMALL-CAP
290.4M
304.0M
25.95% 7.32%
9.49
0.96
-28.78% -93.34%
143.4M
257.2M
2.54% -58.05%
-3.24
0.56
7.59% 61.82%
71.5M
2.8B
13.90% -16.59%
41.75
0.03
-15.01% 137.22%
64.0M
205.5M
-5.12% -51.44%
-1.12
0.31
-40.02% -142.55%
21.8M
24.4M
-12.15% -14.23%
-6.7
0.89
-16.16% -245.04%

Patterson-UTI Energy Inc News

Latest updates
Defense World23 hours ago
Yahoo Finance17 Jul 202411:05 am
American Banking and Market News16 Jul 202407:47 am
American Banking and Market News15 Jul 202405:21 pm

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

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-4.7%1,510,360,0001,584,317,0001,011,452,000758,885,000791,802,000788,476,000727,503,000622,238,000509,375,000466,493,000357,885,000291,774,000240,929,000220,801,000207,141,000250,380,000445,927,000492,297,000598,452,000675,765,000704,171,000
Costs and Expenses-3.3%1,423,361,0001,472,612,0001,001,748,000654,303,000665,839,000671,671,000651,158,000585,476,000528,256,000827,297,000447,894,000401,184,000358,456,000344,999,000321,707,000409,464,000940,337,000575,060,000905,757,000723,890,000727,554,000
  S&GA Expenses6.5%64,984,00061,037,00045,102,00033,257,00030,566,00034,577,00028,472,00026,079,00027,461,00024,206,00022,063,00023,555,00022,558,00020,919,00022,355,00023,991,00030,346,00031,833,00034,231,00034,894,00032,555,000
EBITDA Margin-23.9%0.070.090.110.140.120.08-0.12-0.22-0.36-0.50-0.40-0.48-0.25-0.54-0.41------
Interest Expenses-1.9%18,335,00018,681,00015,625,0009,738,0008,826,0008,058,00010,975,00010,658,00010,565,00010,582,00010,683,00010,704,00010,009,0007,274,00011,288,00010,984,00011,224,00028,183,00020,739,00013,298,00012,984,000
Income Taxes-36.2%19,997,00031,332,000-4,130,00013,765,00020,185,0008,294,0002,202,0001,780,000928,000-8,116,000-17,643,000-15,973,000-20,970,000-24,846,000-12,993,000-19,317,000-70,170,000-23,430,000-64,513,000-10,128,000-6,604,000
Earnings Before Taxes-23.1%71,703,00093,270,000-4,408,00098,379,000119,863,000108,391,00063,654,00023,666,000-27,849,000-372,475,000-100,641,000-119,282,000-127,383,000-131,373,000-125,104,000-169,649,000-504,892,000-109,353,000-326,232,000-59,575,000-35,218,000
EBT Margin-28.1%0.050.070.100.130.110.06-0.13-0.24-0.38-0.53-0.43-0.52---------
Net Income-17.3%51,235,00061,950,00050,00084,614,00099,678,000100,097,00061,452,00021,886,000-28,777,000-361,825,000-82,998,000-103,309,000-106,413,000-106,527,000-112,111,000-150,332,000-434,722,000-85,923,000-261,719,000-49,447,000-28,614,000
Net Income Margin-31.5%0.040.060.080.110.100.06-0.13-0.23-0.35-0.48-0.36-0.45---------
Free Cashflow-43.8%138,950,000247,359,000-4,346,00030,463,000116,748,000183,697,00051,875,000-45,027,000-61,154,000-31,585,000-26,863,000-2,475,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-2.6%7,2267,4207,4213,1173,0923,1443,0422,9602,8892,9583,0173,0733,1723,2993,4913,6253,8704,4404,6095,1925,368
  Current Assets-8.8%1,3551,4861,424801780829713621533584544508488478532518585632678898928
    Cash Equivalents-11.6%17019367.0015015713843.0020.0048.00118191217214225304247152174165256249
  Inventory1.3%18318118768.0065.0065.0055.0054.0045.0042.0035.0034.0034.0033.0034.0035.0034.0036.0037.0069.0066.00
  Net PPE-0.6%3,3193,3403,3882,2642,2532,2612,2792,2892,3062,3322,4252,5122,6282,7612,8933,0343,1873,3073,4333,7693,899
  Goodwill0%1,3801,3801,373------------------
Liabilities-4.8%2,4742,5992,5611,3971,4191,4781,4081,3841,3121,3481,2921,2661,2601,2831,3721,3961,4911,6061,6661,9131,964
  Current Liabilities-12.7%9171,0501,037454487551460448396436339293272274263272354401439470511
  Long Term Debt-0.3%1,2211,2251,2288228228318538788538529029029029019679679679679701,1201,119
    LT Debt, Current1.5%12.0012.0012.00------------------
    LT Debt, Non Current-0.3%1,2211,2251,2288228228318538788538529029029029019679679679679701,1201,119
Shareholder's Equity-1.4%4,7434,8124,8511,7201,6731,6661,6341,5761,5771,6091,7261,8081,9122,0162,1202,2292,3792,8342,9433,2783,403
  Retained Earnings32.0%75.0057.0029.0063.00-4.89-87.39-170-222-235-1981682553624725826988521,2951,3891,6581,716
  Additional Paid-In Capital0.2%6,4196,4076,3963,2093,2023,2033,1973,1923,1763,1722,9192,9142,9082,9022,8962,8892,8852,8762,8662,8572,836
Shares Outstanding-1.8%404411417208212214217216215215189188---------
Minority Interest5.6%9.008.008.00------------------
Float----2,400---3,400---1,800---639---2,300-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-19.2%365,891452,632156,076162,857234,349302,941178,23051,34333,67443,8987,40135,5758,622-4,42763,952146,04273,291112,362218,542181,467183,832
  Share Based Compensation-10.1%12,05113,41227,3586,738-7585,6395,6565,1624,6424,6855,0485,9345,8916,4856,5924,3359,1609,2709,67011,0509,338
Cashflow From Investing-11.5%-227,485-203,954-571,424-125,867-116,345-113,575-121,458-84,826-93,368-60,970-28,973-25,736-15,915-7,604-3,036-46,688-67,648-50,897-67,110-87,457-96,300
Cashflow From Financing-31.6%-161,589-122,744330,570-43,920-98,339-94,548-33,6733,464-8,624-57,056-3,832-7,291-3,754-66,766-3,940-4,790-27,654-52,045-242,181-87,383-83,612
  Dividend Payments-2.3%32,55333,31033,21716,59116,91617,1608,6738,6528,6114,3023,7803,7693,7543,7523,7463,7357,6297,7387,8478,3448,499
  Buy Backs27.9%97,78276,42423,37127,32973,58657,173-12,88413.002,75452.00--50.0019491020,02525,19276,12379,03975,113
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PTEN Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues:  
Revenues$ 1,510,360$ 791,802
Operating costs and expenses:  
Depreciation, depletion, amortization and impairment274,956128,180
Selling, general and administrative64,98430,566
Credit loss expense5,2310
Merger and integration expense12,2330
Other operating income, net(11,182)(5,566)
Total operating costs and expenses1,423,361665,839
Operating income86,999125,963
Other income (expense):  
Interest income2,1891,240
Interest expense, net of amount capitalized(18,335)(8,826)
Other8501,486
Total other expense(15,296)(6,100)
Income before income taxes71,703119,863
Income tax expense19,99720,185
Net income51,70699,678
Net income attributable to noncontrolling interest4710
Net income attributable to common stockholders$ 51,235$ 99,678
Net income attributable to common stockholder per common share:  
Basic (in usd per share)$ 0.13$ 0.47
Diluted (in shares)$ 0.13$ 0.46
Weighted average number of common shares outstanding:  
Basic (in shares)408,182212,089
Diluted (in shares)409,819215,866
Cash dividends per common share (in usd per share)$ 0.08$ 0.08
Revenues$ 1,510,360$ 791,802
Drilling Services  
Operating revenues:  
Revenues457,573477,727
Operating costs and expenses:  
Operating costs and expenses271,737281,261
Weighted average number of common shares outstanding:  
Revenues457,573477,727
Completion Services  
Operating revenues:  
Revenues944,997293,268
Operating costs and expenses:  
Operating costs and expenses745,594220,116
Weighted average number of common shares outstanding:  
Revenues944,997293,268
Drilling Products  
Operating revenues:  
Revenues89,9730
Operating costs and expenses:  
Operating costs and expenses48,6300
Weighted average number of common shares outstanding:  
Revenues89,9730
Other  
Operating revenues:  
Revenues17,81720,807
Operating costs and expenses:  
Operating costs and expenses11,17811,282
Weighted average number of common shares outstanding:  
Revenues$ 17,817$ 20,807

PTEN Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash, cash equivalents and restricted cash$ 170,247$ 192,680
Accounts receivable, net of allowance for credit losses of $12,866 and $3,490 at March 31, 2024 and December 31, 2023, respectively872,773971,091
Inventory183,178180,805
Other current assets128,504141,122
Total current assets1,354,7021,485,698
Property and equipment, net3,319,3453,340,412
Operating lease right of use asset51,27247,599
Finance lease right of use asset32,88863,228
Goodwill1,379,7411,379,741
Intangible assets, net1,023,0041,051,697
Deposits on equipment purchases41,85728,305
Other assets18,59519,424
Deferred tax assets, net4,7843,927
Total assets7,226,1887,420,031
Current liabilities:  
Accounts payable544,864534,420
Accrued liabilities323,984446,268
Operating lease liability13,91413,541
Finance lease liability21,73343,980
Current maturities of long-term debt12,40612,226
Total current liabilities916,9011,050,435
Long-term operating lease liability40,22737,848
Long-term finance lease liability11,55012,953
Long-term debt, net of debt discount and issuance costs of $8,597 and $8,919 at March 31, 2024 and December 31, 2023, respectively1,221,0581,224,941
Deferred tax liabilities, net268,421248,107
Other liabilities16,17425,066
Total liabilities2,474,3312,599,350
Commitments and contingencies (see Note 10)
Stockholders’ equity:  
Preferred stock, par value $0.01; authorized 1,000,000 shares, no shares issued00
Common stock, par value $0.01; authorized 800,000,000 shares with 518,138,597 and 516,775,313 issued and 403,807,871 and 411,195,302 outstanding at March 31, 2024 and December 31, 2023, respectively5,1805,166
Additional paid-in capital6,419,3316,407,294
Retained earnings75,29557,035
Accumulated other comprehensive income (loss)(521)472
Treasury stock, at cost, 114,330,726 and 105,580,011 shares at March 31, 2024 and December 31, 2023, respectively(1,756,288)(1,657,675)
Total stockholders’ equity attributable to controlling interests4,742,9974,812,292
Noncontrolling interest8,8608,389
Total equity4,751,8574,820,681
Total liabilities and stockholders’ equity$ 7,226,188$ 7,420,031
PTEN
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
 WEBSITEpatenergy.com
 INDUSTRYOil - E&P
 EMPLOYEES6500

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 Fri Jul 19 2024, market cap of Patterson-UTI Energy Inc is 4.17 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 Fri Jul 19 2024, PTEN's PE ratio (Price to Earnings) is 21.07 and Price to Sales (PS) ratio is 0.86. 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 -0.118 (multiply by 100 for percentage) rate of return.