Patterson-UTI Energy, Inc.
Patterson-UTI Energy, Inc.
Your view on PTEN
Overview
What the company does, where it operates, and who runs it.
About Patterson-UTI Energy, Inc.
- Industry
- Oil & Gas Drilling
- Sector
- Energy
- CEO
- William Andrew Hendricks Jr.
- Headquarters
- 10713 West Sam Houston Parkway North, Houston, TX, US
- Industry
- Oil & Gas Drilling
- Sector
- Energy
- CEO
- William Andrew Hendricks Jr.
- Headquarters
- 10713 West Sam Houston Parkway North, Houston, TX, US
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore 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. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs.
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.
Media
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Stock Data
Price chart, volume, and trading data.
Fair Value
What FRC thinks it is worth vs. the current price.
FRC's fair value estimate for Patterson-UTI Energy, Inc., and the rating behind it. PTEN last traded at $12.85; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.
Financial Ratios
Profitability, returns, valuation, and leverage ratios.
Valuation, profitability, liquidity and leverage ratios for Patterson-UTI Energy, Inc.. Starting points for Patterson-UTI Energy, Inc.: EPS -$0.24, beta 0.67 — an Oil & Gas Drilling name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.
Dividend Analysis
Yield, payout ratio, and dividend coverage metrics.
Dividend history, yield and payout sustainability for Patterson-UTI Energy, Inc.. Patterson-UTI Energy, Inc. paid $0.36 per share over the last year — a 2.8% yield at the current $12.85 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.
Earnings Analysis
EPS history, beat rate, and upcoming earnings reports.
Reported vs. expected earnings history for Patterson-UTI Energy, Inc.. Trailing twelve-month EPS for Patterson-UTI Energy, Inc. stands at -$0.24. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.
Financial Statements
Income statement, balance sheet, and cash flow statements.
Income statement, balance sheet and cash flow history for Patterson-UTI Energy, Inc.. Patterson-UTI Energy, Inc. has reported as a listed company since 1993. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.
Comparables
List of peer companies in the same industry.
Patterson-UTI Energy, Inc. valued side by side against its closest peers. Patterson-UTI Energy, Inc. is measured against Oil & Gas Drilling peers within the Energy sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.
Institutional Ownership
PremiumWhich funds and firms own the stock.
Which institutions hold Patterson-UTI Energy, Inc., and how their positions are changing. At a $4.88B market value, institutional positions materially move Patterson-UTI Energy, Inc.'s register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.
Insider Trading
PremiumRecent buying and selling by company executives.
Buying and selling by Patterson-UTI Energy, Inc. executives and directors. Shares of Patterson-UTI Energy, Inc. have traded between $5.10 and $9.57 over the past 52 weeks — context for the timing of the transactions below. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.
Senate Trading
PremiumU.S. Senator disclosures filed under the STOCK Act.
U.S. Senate disclosures naming Patterson-UTI Energy, Inc.. Patterson-UTI Energy, Inc. is a $4.88B Energy company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.
House Trading
PremiumU.S. Representative disclosures filed under the STOCK Act.
U.S. House of Representatives disclosures naming Patterson-UTI Energy, Inc.. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.
News
Latest headlines and market coverage.
Latest headlines and company announcements for Patterson-UTI Energy, Inc.. Coverage tracks Patterson-UTI Energy, Inc. within Oil & Gas Drilling (Energy). Press releases and market coverage, newest first.