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PattersonUTI Energy (PTEN)

(Real Time Quote from BATS)

$11.29 USD

11.29
1,545,975

+0.03 (0.27%)

Updated Apr 26, 2024 12:34 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth F Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 37% (159 out of 252)

Industry: Oil and Gas - Drilling

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Better trading starts here.

Balance Sheet

Research for PTEN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for PattersonUTI Energy, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 193 138 118 225 174
Receivables 971 566 356 165 346
Notes Receivable 0 0 0 0 0
Inventories 181 58 42 33 36
Other Current Assets 141 68 68 55 75
Total Current Assets 1,486 829 584 478 632
Net Property & Equipment 3,340 2,261 2,332 2,761 3,307
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 4 3 4 0 0
Intangibles 2,431 6 8 30 444
Deposits & Other Assets 48 24 12 13 26
Total Assets 7,420 3,144 2,958 3,299 4,440
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 534 237 190 92 170
Current Portion Long-Term Debt 12 0 0 0 0
Current Portion Capital Leases 44 0 0 0 0
Accrued Expenses 446 304 239 175 220
Income Taxes Payable 0 5 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 1,050 551 436 274 401
Mortgages 0 0 0 0 0
Deferred Taxes/Income 248 29 29 78 203
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,225 831 852 901 967
Non-Current Capital Leases 13 0 0 0 0
Other Non-Current Liabilities 25 48 13 11 9
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,599 1,478 1,348 1,283 1,606
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 5 3 3 3 3
Capital Surplus 6,407 3,203 3,172 2,902 2,876
Retained Earnings 57 -87 -198 472 1,295
Other Equity 9 0 6 5 5
Treasury Stock 1,658 1,453 1,373 1,366 1,345
Total Shareholder's Equity 4,821 1,666 1,609 2,016 2,834
Total Liabilities & Shareholder's Equity 7,420 3,144 2,958 3,299 4,440
Total Common Equity 4,821 1,666 1,609 2,016 2,834
Shares Outstanding 417.20 216.80 215.10 187.40 194.50
Book Value Per Share 11.55 7.68 7.48 10.76 14.57

Fiscal Year End for PattersonUTI Energy, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 193 67 150 157
Receivables NA 971 1,010 491 494
Notes Receivable NA 0 0 0 0
Inventories NA 181 187 68 65
Other Current Assets NA 141 161 92 64
Total Current Assets NA 1,486 1,424 801 780
Net Property & Equipment NA 3,340 3,388 2,264 2,253
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 4 8 4 4
Intangibles NA 2,431 2,448 5 5
Deposits & Other Assets NA 48 47 24 30
Total Assets NA 7,420 7,421 3,117 3,092
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 534 580 246 271
Current Portion Long-Term Debt NA 12 12 0 0
Current Portion Capital Leases NA 44 43 0 0
Accrued Expenses NA 446 390 204 204
Income Taxes Payable NA 0 0 0 6
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 1,050 1,037 454 487
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 248 218 59 47
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,225 1,228 822 822
Non-Current Capital Leases NA 13 13 0 0
Other Non-Current Liabilities NA 26 44 45
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 2,599 2,561 1,397 1,419
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 5 5 3 3
Capital Surplus NA 6,407 6,396 3,209 3,202
Retained Earnings NA 57 29 63 -5
Other Equity NA 9 8 0 0
Treasury Stock NA 1,658 1,578 1,555 1,527
Total Shareholder's Equity NA 4,821 4,860 1,720 1,673
Total Liabilities & Shareholder's Equity NA 7,420 7,421 3,117 3,092
Total Common Equity 0 4,821 4,860 1,720 1,673
Shares Outstanding 408.10 417.20 417.30 207.90 208.20
Book Value Per Share 0.00 11.55 11.65 8.27 8.04