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Patterson-UTI Energy, Inc. (PTEN)

Stock Price: $2.89 USD 0.08 (2.85%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 541.60M
Revenue (ttm) 1.79B
Net Income (ttm) -932.70M
Shares Out 187.41M
EPS (ttm) -4.85
PE Ratio n/a
Forward PE n/a
Dividend $0.08
Dividend Yield 2.77%

Stock Quote

Trading Day Oct 23, 2020
Last Price $2.89
Previous Close $2.81
Change ($) 0.08
Change (%) 2.85%
Day's Open 2.87
Day's Range 2.82 - 2.96
Day's Volume 4,075,259
52-Week Range 1.61 - 10.95

More Stats

Market Cap 541.60M
Enterprise Value 1.29B
Earnings Date (est) Feb 11, 2021
Ex-Dividend Date Sep 2, 2020
Shares Outstanding 187.41M
Float 182.91M
EPS (basic) -4.85
EPS (diluted) -4.85
FCF / Share 1.70
Dividend $0.08
Dividend Yield 2.77%
Earnings Yield n/a
FCF Yield 58.69%
Payout Ratio n/a
Shares Short 21.44M
Short Ratio 6.73
Short % of Float 11.72%
Beta 2.77
PE Ratio n/a
Forward PE n/a
P/FCF Ratio 1.70
PS Ratio 0.30
PB Ratio 0.24
Revenue 1.79B
Operating Income -1.04B
Net Income -932.70M
Free Cash Flow 317.89M
Net Cash -752.72M
Net Cash / Share -4.02
Gross Margin 39.70%
Operating Margin -58.40%
Profit Margin -52.20%
FCF Margin 17.79%
ROA -5.40%
ROE -33.87%
ROIC -23.90%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (23)

Buy 3
Overweight 1
Hold 12
Underweight 1
Sell 6

Analyst Consensus: Hold

Price Target

$3.94*
(36.33% upside)
Low
2.00
Current: $2.89
High
6.00
Target: 3.94
*Average 12-month price target from 20 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue2,4713,3272,3579161,8913,1822,7162,7232,5661,463
Revenue Growth-25.74%41.17%157.32%-51.57%-40.57%17.17%-0.27%6.14%75.4%-
Gross Profit7821,0026912756701,0799901,0561,022565
Operating Income-462-322-293-456-407283322497526201
Net Income-426-3215.91-319-294163188299322117
Shares Outstanding203219198146145144144151154153
Earnings Per Share-2.10-1.470.03-2.18-2.001.111.281.962.060.76
EPS Growth------13.28%-34.69%-4.85%171.05%-
Dividend Per Share0.160.140.080.160.400.400.200.200.200.20
Dividend Growth14.29%75%-50%-60%0%100%0%0%0%-
Operating Cash Flow6967313013059997298891,005869526
Capital Expenditures-302-594-506-97.91-723-1,019-652-908-989-709
Free Cash Flow394137-205207276-29023797.38-120-183
Cash & Equivalents17424542.8335.1511343.0125011123.9527.61
Total Debt1,0031,119867598851986693699503399
Net Cash / Debt-829-874-824-563-738-942-443-588-479-371
Assets4,4405,4705,7593,7724,5295,3944,6874,5574,2223,423
Liabilities1,6061,9641,7761,5241,9682,4881,9311,9161,7051,235
Book Value2,8343,5053,9822,2492,5612,9062,7562,6412,5172,188
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Patterson-UTI Energy, Inc.
Country United States
Employees 5,800
CEO William Andrew Hendricks

Stock Information

Ticker Symbol PTEN
Stock Exchange NASDAQ
Sector Energy
Industry Oil & Gas Drilling
Unique Identifier NASDAQ: PTEN
IPO Date November 2, 1993

Description

Patterson-UTI Energy, through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2019, this segment had a drilling fleet of 216 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling, downhole performance motors, measurement-while-drilling, wireline steering tools, and services that enhance the accuracy of horizontal wellbore placement. It also service 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. The company was founded in 1978 and is headquartered in Houston, Texas.