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Patterson-UTI Energy, Inc. (PTEN)

11.34 +0.12 (+1.07%)
At close: April 18 at 4:00 PM EDT
11.45 +0.11 (+0.97%)
After hours: April 18 at 6:12 PM EDT
Loading Chart for PTEN
DELL
  • Previous Close 11.22
  • Open 11.34
  • Bid 11.32 x 2600
  • Ask 11.35 x 1300
  • Day's Range 11.24 - 11.56
  • 52 Week Range 9.70 - 16.18
  • Volume 6,114,131
  • Avg. Volume 6,724,669
  • Market Cap (intraday) 4.573B
  • Beta (5Y Monthly) 2.24
  • PE Ratio (TTM) 12.89
  • EPS (TTM) 0.88
  • Earnings Date Apr 25, 2024 - Apr 29, 2024
  • Forward Dividend & Yield 0.32 (2.82%)
  • Ex-Dividend Date Feb 29, 2024
  • 1y Target Est 16.24

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. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.

www.patenergy.com

10,600

Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News: PTEN

Performance Overview: PTEN

Trailing total returns as of 4/18/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

PTEN
5.73%
S&P 500
5.06%

1-Year Return

PTEN
2.10%
S&P 500
20.71%

3-Year Return

PTEN
76.57%
S&P 500
19.73%

5-Year Return

PTEN
19.89%
S&P 500
72.77%

Compare To: PTEN

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Statistics: PTEN

Valuation Measures

As of 4/19/2024
  • Market Cap

    4.57B

  • Enterprise Value

    5.73B

  • Trailing P/E

    12.89

  • Forward P/E

    18.45

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    0.77

  • Price/Book (mrq)

    0.95

  • Enterprise Value/Revenue

    1.38

  • Enterprise Value/EBITDA

    5.25

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    5.94%

  • Return on Assets (ttm)

    5.35%

  • Return on Equity (ttm)

    7.58%

  • Revenue (ttm)

    4.15B

  • Net Income Avi to Common (ttm)

    246.29M

  • Diluted EPS (ttm)

    0.88

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    192.68M

  • Total Debt/Equity (mrq)

    27.91%

  • Levered Free Cash Flow (ttm)

    245.52M

Research Analysis: PTEN

Analyst Price Targets

14.00
16.24 Average
11.34 Current
19.00 High
 

Fair Value

Near Fair Value
% Return
11.34 Current
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Research Reports: PTEN

  • PTEN: What does Argus have to say about PTEN?

    PATTERSON-UTI ENERGY INC has an Investment Rating of SELL; a target price of $10.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Medium; a Growth Subrating of Low; and a Value Subrating of Low.

    Rating
    Bearish
    Price Target
     
  • PTEN: What does Argus have to say about PTEN?

    PATTERSON-UTI ENERGY INC has an Investment Rating of SELL; a target price of $10.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Medium; a Growth Subrating of Low; and a Value Subrating of Low.

    Rating
    Bearish
    Price Target
     
  • PTEN: What does Argus have to say about PTEN?

    PATTERSON-UTI ENERGY INC has an Investment Rating of SELL; a target price of $10.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Medium; a Growth Subrating of Low; and a Value Subrating of Low.

    Rating
    Bearish
    Price Target
     
  • PTEN: What does Argus have to say about PTEN?

    PATTERSON-UTI ENERGY INC has an Investment Rating of SELL; a target price of $10.000000; an Industry Subrating of Low; a Management Subrating of Low; a Safety Subrating of Low; a Financial Strength Subrating of Medium; a Growth Subrating of Low; and a Value Subrating of Low.

    Rating
    Bearish
    Price Target
     

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