PattersonUTI Energy (PTEN)
(Delayed Data from NSDQ)
$11.34 USD
-0.18 (-1.52%)
Updated Apr 22, 2024 11:56 AM ET
After-Market: $11.35 +0.02 (0.13%) 7:58 PM ET
3-Hold of 5 3
A Value B Growth F Momentum B VGM
Company Summary
Formed in 1978, Houston, TX-based Patterson-UTI Energy, Inc. is an oilfield services company. Patterson-UTI is one of the largest onshore contract drillers in the United States and has a large fleet of pressure pumping equipment. Following the September 2023 merger with NexTier Oilfield Solutions, Patterson-UTI has become a leading provider of drilling and completions services in the United States.
Patterson-UTI operates primarily in four segments: Drilling Services (contributed 46% of the company’s 2023 revenue), Completion Services (49%), Drilling Products (3%), and Others 2%).
Drilling Services: The company operates contract drilling services ...
Company Summary
Formed in 1978, Houston, TX-based Patterson-UTI Energy, Inc. is an oilfield services company. Patterson-UTI is one of the largest onshore contract drillers in the United States and has a large fleet of pressure pumping equipment. Following the September 2023 merger with NexTier Oilfield Solutions, Patterson-UTI has become a leading provider of drilling and completions services in the United States.
Patterson-UTI operates primarily in four segments: Drilling Services (contributed 46% of the company’s 2023 revenue), Completion Services (49%), Drilling Products (3%), and Others 2%).
Drilling Services: The company operates contract drilling services in the U.S. and internationally, including Colombia. Additionally, they offer directional drilling services in major U.S. oil and gas basins, enhancing wellbore placement accuracy. Their drilling fleet has evolved to meet customer demands for horizontal wells in shale and unconventional plays, with 173 super-spec rigs as of September 30, 2023. Notably, 131 of these are Tier-1, super-spec rigs.
Completion Services: The well completion services division encompasses hydraulic fracturing, wireline and pumping, completion support, and cementing services. This sector also includes a natural gas fueling business, proppant last mile logistics and storage, and a research and technology department. Operating in key U.S. basins like Permian, Marcellus Shale/Utica etc., the company benefits from operational density, allowing efficient, integrated solutions and cost leverage to meet customer demands.
Drilling Products: Patterson-UTI manufactures and distributes drill bits globally, serving the energy and mining sectors in over 30 countries. Our drilling equipment supports oil and gas exploration, production, and mining operations. With manufacturing facilities in Fort Worth, TX, Leduc, Alberta, and Saudi Arabia, and repair facilities in Argentina, Colombia, Oman, and Saudi Arabia, the company ensures efficient support for its clients' drilling needs.
Other: This unit includes Patterson-UTI’s premium oilfield rentals business and non-operating working interest ownership in oil and gas assets in Texas and New Mexico.
General Information
PattersonUTI Energy, Inc
10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800
HOUSTON, TX 77064
Phone: 281-765-7100
Fax: 281-765-7175
Email: investor.relations@patenergy.com
| Industry | Oil and Gas - Drilling |
| Sector | Oils-Energy |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Earnings Date | 5/1/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 0.13 |
| Current Year EPS Consensus Estimate | 0.60 |
| Estimated Long-Term EPS Growth Rate | 11.40 |
| Earnings Date | 5/1/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 11.51 |
| 52 Week High | 16.18 |
| 52 Week Low | 9.70 |
| Beta | 2.22 |
| 20 Day Moving Average | 5,513,139.00 |
| Target Price Consensus | 16.20 |
| 4 Week | -1.54 |
| 12 Week | 6.77 |
| YTD | 6.57 |
| 4 Week | 3.75 |
| 12 Week | 5.13 |
| YTD | 2.34 |
| Shares Outstanding (millions) | 403.25 |
| Market Capitalization (millions) | 4,641.43 |
| Short Ratio | NA |
| Last Split Date | 7/1/2004 |
| Dividend Yield | 2.78% |
| Annual Dividend | $0.32 |
| Payout Ratio | 0.25 |
| Change in Payout Ratio | NA |
| Last Dividend Payout / Amount | 2/29/2024 / $0.08 |
Fundamental Ratios
| P/E (F1) | 19.04 |
| Trailing 12 Months | 8.92 |
| PEG Ratio | 1.66 |
| vs. Previous Year | -58.70% |
| vs. Previous Quarter | -5.00% |
| vs. Previous Year | 100.93% |
| vs. Previous Quarter | 56.64% |
| Price/Book | 1.00 |
| Price/Cash Flow | 4.54 |
| Price / Sales | 1.12 |
| 3/31/24 | NA |
| 12/31/23 | 10.00 |
| 9/30/23 | 14.08 |
| 3/31/24 | NA |
| 12/31/23 | 6.21 |
| 9/30/23 | 8.33 |
| 3/31/24 | NA |
| 12/31/23 | 1.41 |
| 9/30/23 | 1.37 |
| 3/31/24 | NA |
| 12/31/23 | 1.24 |
| 9/30/23 | 1.19 |
| 3/31/24 | NA |
| 12/31/23 | 7.88 |
| 9/30/23 | 10.42 |
| 3/31/24 | NA |
| 12/31/23 | 5.94 |
| 9/30/23 | 8.49 |
| 3/31/24 | NA |
| 12/31/23 | 7.41 |
| 9/30/23 | 9.62 |
| 3/31/24 | NA |
| 12/31/23 | 11.55 |
| 9/30/23 | 11.65 |
| 3/31/24 | NA |
| 12/31/23 | 22.46 |
| 9/30/23 | 22.94 |
| 3/31/24 | NA |
| 12/31/23 | 0.26 |
| 9/30/23 | 0.26 |
| 3/31/24 | NA |
| 12/31/23 | 20.43 |
| 9/30/23 | 20.34 |