Patterson-UTI Energy Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $15.23
- Today's High:
- $15.9
- Open Price:
- $15.28
- 52W Low:
- $9.6477
- 52W High:
- $19.3456
- Prev. Close:
- $15.06
- Volume:
- 7098520
Company Statistics
- Market Cap.:
- $6.23 billion
- Book Value:
- 8.27
- Revenue TTM:
- $3.07 billion
- Operating Margin TTM:
- 13.95%
- Gross Profit TTM:
- $801.04 million
- Profit Margin:
- 11.28%
- Return on Assets TTM:
- 8.8%
- Return on Equity TTM:
- 20.98%
Company Profile
Patterson-UTI Energy Inc had its IPO on 1993-11-02 under the ticker symbol PTEN.
The company operates in the Energy sector and Oil & Gas Drilling industry. Patterson-UTI Energy Inc has a staff strength of 6,500 employees.
Stock update
Shares of Patterson-UTI Energy Inc opened at $15.28 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $15.23 - $15.9, and closed at $15.74.
This is a +4.52% increase from the previous day's closing price.
A total volume of 7,098,520 shares were traded at the close of the day’s session.
In the last one week, shares of Patterson-UTI Energy Inc have increased by +6.14%.
Patterson-UTI Energy Inc's Key Ratios
Patterson-UTI Energy Inc has a market cap of $6.23 billion, indicating a price to book ratio of 2.0297 and a price to sales ratio of 1.5514.
In the last 12-months Patterson-UTI Energy Inc’s revenue was $3.07 billion with a gross profit of $801.04 million and an EBITDA of $928.27 million. The EBITDA ratio measures Patterson-UTI Energy Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Patterson-UTI Energy Inc’s operating margin was 13.95% while its return on assets stood at 8.8% with a return of equity of 20.98%.
In Q2, Patterson-UTI Energy Inc’s quarterly earnings growth was a positive 300% while revenue growth was a positive 22%.
Patterson-UTI Energy Inc’s PE and PEG Ratio
- Forward PE
- 7.5019
- Trailing PE
- 9.375
- PEG
- -1.74
Its diluted EPS in the last 12-months stands at $1.6 per share while it has a forward price to earnings multiple of 7.5019 and a PEG multiple of -1.74. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Patterson-UTI Energy Inc’s profitability.
Patterson-UTI Energy Inc stock is trading at a EV to sales ratio of 1.786 and a EV to EBITDA ratio of 8.2805. Its price to sales ratio in the trailing 12-months stood at 1.5514.
Patterson-UTI Energy Inc stock pays annual dividends of $0.28 per share, indicating a yield of 2.13% and a payout ratio of 19.39%.
Balance sheet and cash flow metrics
- Total Assets
- $3.12 billion
- Total Liabilities
- $454.32 million
- Operating Cash Flow
- $-125867000.00
- Capital Expenditure
- $132.39 million
- Dividend Payout Ratio
- 19.39%
Patterson-UTI Energy Inc ended 2024 with $3.12 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.12 billion while shareholder equity stood at $1.72 billion.
Patterson-UTI Energy Inc ended 2024 with $58.64 million in deferred long-term liabilities, $454.32 million in other current liabilities, 3049000.00 in common stock, $62.90 million in retained earnings and $0 in goodwill. Its cash balance stood at $150.29 million and cash and short-term investments were $150.29 million. The company’s total short-term debt was $4,753,000 while long-term debt stood at $822.41 million.
Patterson-UTI Energy Inc’s total current assets stands at $801.33 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $536.20 million compared to accounts payable of $245.56 million and inventory worth $68.04 million.
In 2024, Patterson-UTI Energy Inc's operating cash flow was $-125867000.00 while its capital expenditure stood at $132.39 million.
Comparatively, Patterson-UTI Energy Inc paid $0.19 in dividends in 2024.
Other key metrics
- Current Trading Price
- $15.74
- 52-Week High
- $19.3456
- 52-Week Low
- $9.6477
- Analyst Target Price
- $17.82
Patterson-UTI Energy Inc stock is currently trading at $15.74 per share. It touched a 52-week high of $19.3456 and a 52-week low of $19.3456. Analysts tracking the stock have a 12-month average target price of $17.82.
Its 50-day moving average was $14.48 and 200-day moving average was $13.66 The short ratio stood at 4.71 indicating a short percent outstanding of 0%.
Around 230.8% of the company’s stock are held by insiders while 10427.8% are held by institutions.
Frequently Asked Questions About Patterson-UTI Energy Inc
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About
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.