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

10.95USD+0.06 (+0.55%)Market Closed

Market Summary

USD10.95+0.06

Market Closed

0.55%

PTEN Alerts

Big fall in earnings (Y/Y)

PTEN Stock Price

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PTEN RSI Chart

PTEN Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

22.23

Price/Sales (Trailing)

1.06

EV/EBITDA

16.96

Price/Free Cashflow

10.67

PTEN Price/Sales (Trailing)

PTEN Profitability

EBT Margin

6.24%

Return on Equity

4.16%

Return on Assets

2.74%

Free Cashflow Yield

9.38%

PTEN Fundamentals

PTEN Revenue

Revenue (TTM)

4.1B

Rev. Growth (Yr)

100.93%

Rev. Growth (Qtr)

56.64%

PTEN Earnings

Earnings (TTM)

197.8M

Earnings Growth (Yr)

-48.6%

Earnings Growth (Qtr)

-17.3%

Breaking Down PTEN Revenue

Last 7 days

-0.2%

Last 30 days

-6.2%

Last 90 days

Trailing 12 Months

8.4%

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

2.92%

Dividend/Share (TTM)

0.32

Shares Dilution (1Y)

92.90%

Diluted EPS (TTM)

0.59

Historical Charts for Stock Metrics

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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

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 05, 2024	smith charles andrew	sold (taxes)	-127,551	10.68	-11,943	evp & chief financial officer
May 05, 2024	wexler seth david	sold (taxes)	-87,415	10.68	-8,185	evp/general counsel/secretary
May 05, 2024	berns kenneth n	sold (taxes)	-145,237	10.68	-13,599	executive vice president
May 05, 2024	holcomb james michael	sold (taxes)	-104,034	10.68	-9,741	evp & chief business officer
Apr 29, 2024	wexler seth david	sold (taxes)	-68,175	11.25	-6,060	evp/general counsel/secretary
Apr 29, 2024	holcomb james michael	sold (taxes)	-56,857	11.25	-5,054	evp & chief business officer
Apr 29, 2024	smith charles andrew	sold (taxes)	-99,427	11.25	-8,838	evp & chief financial officer
Apr 29, 2024	berns kenneth n	sold (taxes)	-113,276	11.25	-10,069	executive vice president
Apr 27, 2024	holcomb james michael	sold (taxes)	-117,844	11.25	-10,475	evp & chief business officer
Apr 27, 2024	smith charles andrew	sold (taxes)	-212,816	11.25	-18,917	evp & chief financial officer

Which funds bought or sold PTEN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	LPL Financial LLC	reduced	-3.49	31,587	503,302	-%
May 10, 2024	MACKENZIE FINANCIAL CORP	unchanged	-	24,990	261,737	-%
May 10, 2024	Symmetry Investments LP	reduced	-82.82	-4,292,000	1,007,000	0.06%
May 10, 2024	Covestor Ltd	reduced	-29.22	-3,000	9,000	0.01%
May 10, 2024	PRINCIPAL SECURITIES, INC.	reduced	-20.62	-2,943	21,098	-%
May 10, 2024	VANGUARD GROUP INC	added	3.45	69,902,400	556,352,000	0.01%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	174	3,236,620	4,824,230	-%
May 10, 2024	BlackRock Inc.	reduced	-0.94	57,041,400	656,659,000	0.01%
May 10, 2024	NYL Investors LLC	unchanged	-	126,295	1,322,770	0.05%
May 10, 2024	CITIGROUP INC	added	0.41	288,458	2,909,100	-%

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

PTEN Alerts

Big fall in earnings (Y/Y)

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
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	8-K	Current Report
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading

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	464.9B	341.1B	-2.05%	12.42%	14.17	1.36	-16.75%	-46.83%
CVX	303.9B	198.9B	3.51%	5.06%	14.97	1.53	-18.05%	-43.28%
OXY	55.8B	27.7B	-8.84%	8.30%	12.91	2.02	-22.75%	-55.41%
MRO	15.0B	6.6B	-8.66%	18.67%	10.45	2.26	-15.57%	-47.38%
CHK	11.6B	6.4B	-0.21%	10.80%	10.97	1.8	-54.63%	-85.10%
MID-CAP
RRC	8.6B	2.2B	-1.50%	34.46%	17.86	3.92	-62.59%	-77.29%
HP	3.8B	2.7B	-7.32%	24.33%	10.83	1.39	2.93%	8.77%
CNX	3.6B	2.5B	-3.38%	51.16%	3.54	1.41	-6.59%	-31.79%
KOS	2.8B	1.7B	-3.06%	-0.83%	12.77	1.64	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	245.6M	304.0M	-12.55%	-7.60%	8.03	0.81	-28.78%	-93.34%
AMTX	178.5M	257.2M	-6.29%	124.58%	-4.03	0.69	7.59%	61.82%
BATL	92.5M	220.8M	3.88%	-8.17%	-30.34	0.42	-38.52%	-116.44%
AE	70.6M	2.8B	-6.33%	-17.39%	41.23	0.03	-15.01%	137.22%
BRN	27.1M	23.9M	3.05%	3.85%	-9.98	1.13	-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	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.6%	7,226	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
Current Assets	-8.8%	1,355	1,486	1,424	801	780	829	713	621	533	584	544	508	488	478	532	518	585	632	678	898	928
Cash Equivalents	-11.6%	170	193	67.00	150	157	138	43.00	20.00	48.00	118	191	217	214	225	304	247	152	174	165	256	249
Inventory	1.3%	183	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
Net PPE	-0.6%	3,319	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
Goodwill	0%	1,380	1,380	1,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-4.8%	2,474	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
Current Liabilities	-12.7%	917	1,050	1,037	454	487	551	460	448	396	436	339	293	272	274	263	272	354	401	439	470	511
Long Term Debt	-0.3%	1,221	1,225	1,228	822	822	831	853	878	853	852	902	902	902	901	967	967	967	967	970	1,120	1,119
LT Debt, Current	1.5%	12.00	12.00	12.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	1,225	1,228	822	822	831	853	878	853	852	902	902	902	901	967	967	967	967	970	1,120	1,119
Shareholder's Equity	-1.3%	4,752	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
Retained Earnings	32.0%	75.00	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
Additional Paid-In Capital	0.2%	6,419	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
Shares Outstanding	-1.8%	404	411	417	208	208	214	216	216	215	215	188	188	-	-	-	-	-	-	-	-	-
Minority Interest	5.6%	9.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-19.2%	365,891	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
Share Based Compensation	-10.1%	12,051	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
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	-122,744	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
Dividend Payments	-2.3%	32,553	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
Buy Backs	27.9%	97,782	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

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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 impairment	274,956	128,180
Selling, general and administrative	64,984	30,566
Credit loss expense	5,231	0
Merger and integration expense	12,233	0
Other operating income, net	(11,182)	(5,566)
Total operating costs and expenses	1,423,361	665,839
Operating income	86,999	125,963
Other income (expense):
Interest income	2,189	1,240
Interest expense, net of amount capitalized	(18,335)	(8,826)
Other	850	1,486
Total other expense	(15,296)	(6,100)
Income before income taxes	71,703	119,863
Income tax expense	19,997	20,185
Net income	51,706	99,678
Net income attributable to noncontrolling interest	471	0
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)	408,182	212,089
Diluted (in shares)	409,819	215,866
Cash dividends per common share (in usd per share)	$ 0.08	$ 0.08
Revenues	$ 1,510,360	$ 791,802
Drilling Services
Operating revenues:
Revenues	457,573	477,727
Operating costs and expenses:
Operating costs and expenses	271,737	281,261
Weighted average number of common shares outstanding:
Revenues	457,573	477,727
Completion Services
Operating revenues:
Revenues	944,997	293,268
Operating costs and expenses:
Operating costs and expenses	745,594	220,116
Weighted average number of common shares outstanding:
Revenues	944,997	293,268
Drilling Products
Operating revenues:
Revenues	89,973	0
Operating costs and expenses:
Operating costs and expenses	48,630	0
Weighted average number of common shares outstanding:
Revenues	89,973	0
Other
Operating revenues:
Revenues	17,817	20,807
Operating costs and expenses:
Operating costs and expenses	11,178	11,282
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, respectively	872,773	971,091
Inventory	183,178	180,805
Other current assets	128,504	141,122
Total current assets	1,354,702	1,485,698
Property and equipment, net	3,319,345	3,340,412
Operating lease right of use asset	51,272	47,599
Finance lease right of use asset	32,888	63,228
Goodwill	1,379,741	1,379,741
Intangible assets, net	1,023,004	1,051,697
Deposits on equipment purchases	41,857	28,305
Other assets	18,595	19,424
Deferred tax assets, net	4,784	3,927
Total assets	7,226,188	7,420,031
Current liabilities:
Accounts payable	544,864	534,420
Accrued liabilities	323,984	446,268
Operating lease liability	13,914	13,541
Finance lease liability	21,733	43,980
Current maturities of long-term debt	12,406	12,226
Total current liabilities	916,901	1,050,435
Long-term operating lease liability	40,227	37,848
Long-term finance lease liability	11,550	12,953
Long-term debt, net of debt discount and issuance costs of $8,597 and $8,919 at March 31, 2024 and December 31, 2023, respectively	1,221,058	1,224,941
Deferred tax liabilities, net	268,421	248,107
Other liabilities	16,174	25,066
Total liabilities	2,474,331	2,599,350
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 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, respectively	5,180	5,166
Additional paid-in capital	6,419,331	6,407,294
Retained earnings	75,295	57,035
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 interests	4,742,997	4,812,292
Noncontrolling interest	8,860	8,389
Total equity	4,751,857	4,820,681
Total liabilities and stockholders’ equity	$ 7,226,188	$ 7,420,031

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 Mon May 13 2024, market cap of Patterson-UTI Energy Inc is 4.4 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 Mon May 13 2024, PTEN's PE ratio (Price to Earnings) is 22.23 and Price to Sales (PS) ratio is 1.06. 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 -0.101 (multiply by 100 for percentage) rate of return.