US stock · Energy sector · Oil & Gas Drilling
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Patterson-UTI Energy, Inc.

PTENNASDAQ

10.86

USD
-2.13
(-16.40%)
Market Closed
-5.20P/E
8Forward P/E
-0.26P/E to S&P500
2.471BMarket CAP
0.92%Div Yield
Upcoming Earnings
26 Oct-31 Oct
Shares Short
8/31/22
8.53M
Short % of Float
5.45%
Short % of Shares Outs.
3.93%
% Held by Insiders
2.06%
% Held by Institutions
100.46%
Beta
2.27
PEG Ratio
-2.75
52w. high/low
20.53/6.71
Avg. Daily Volume
2.84M
Return %
Stock
S&P 500
1 year
26.43
(16.94)
3 years
21.21
24.12
5 years
(46.82)
47.77
Scale: |
High
Low
27.66
18.44
37.45
8.64
18.07
7.49
22.67
11.85
34.09
15.06
22.14
12.81
26.09
18.59
38.43
14.01
23.11
12.82
29.56
10.94
29.76
14.83
25.03
9.49
16.27
7.67
10.95
1.61
11.27
5.21
20.53
8.44
Currency: USD
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
Revenue per share
15.42
13.66
14.40
5.14
9.58
16.68
18.02
18.81
22.09
13.01
6.27
11.88
15.22
12.17
5.98
7.22
9.37
Earnings per share
4.08
2.83
2.26
(0.25)
0.77
2.10
1.98
1.30
1.13
(2.03)
(2.18)
0.03
(1.47)
(2.10)
(4.27)
(3.48)
(2.15)
FCF per share
1.45
1.32
1.47
0.01
(1.39)
(0.93)
0.21
1.57
(2.25)
1.76
1.27
(1.34)
0.41
1.72
0.71
(0.38)
(0.79)
Dividends per share
0.28
0.44
0.61
0.20
0.20
0.20
0.20
0.20
0.40
0.40
0.16
0.08
0.14
0.16
0.10
0.08
0.12
CAPEX per share
3.62
3.93
2.93
2.98
4.83
6.57
6.44
4.59
7.30
5.11
0.82
2.86
2.93
1.71
0.77
0.88
1.44
Book Value per sh.
9.46
12.25
13.87
13.69
14.32
16.36
17.47
19.09
20.17
17.61
15.38
20.07
16.03
13.96
10.72
8.56
7.77
Comm.Shares outs.
165
155
153
152
153
154
151
144
144
145
146
198
219
203
188
188
209
Avg. annual P/E ratio
7.0
8.1
10.2
(52.2)
21.3
12.1
8.5
16.9
25.6
(8.5)
(9.0)
740.1
(12.4)
(5.3)
(1.1)
(2.3)
(5.2)
P/E to S&P500
0.4
0.5
0.5
(0.7)
1.0
0.7
0.6
1.0
1.4
(0.4)
(0.4)
31.4
(0.5)
(0.2)
(0.0)
(0.1)
(0.3)
Avg. annual div. yield
1.0%
1.9%
2.6%
1.5%
1.2%
0.8%
1.2%
0.9%
1.4%
2.3%
0.8%
0.4%
0.8%
1.4%
2.2%
1.0%
0.9%
Revenue (m)
2,547
2,114
2,209
782
1,463
2,566
2,723
2,716
3,182
1,891
916
2,357
3,327
2,471
1,124
1,357
1,956
Operating margin
40.8%
31.7%
24.5%
(6.2)%
13.7%
20.5%
18.3%
11.9%
8.9%
(21.5)%
(49.8)%
(12.4)%
(9.7)%
(18.7)%
(79.4)%
(49.9)%
(25.1)%
Depreciation (m)
196
249
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
671
849
791
Net profit (m)
673
439
347
(38)
117
322
299
188
163
(294)
(319)
6
(321)
(426)
(804)
(655)
(452)
Income tax rate
35.6%
34.6%
36.1%
34.1%
38.2%
36.8%
37.0%
36.6%
36.0%
33.4%
35.8%
101.8%
12.5%
19.7%
13.7%
8.7%
6.0%
Net profit margin
26.4%
20.7%
15.7%
(4.9)%
8.0%
12.6%
11.0%
6.9%
5.1%
(15.6)%
(34.8)%
0.3%
(9.7)%
(17.2)%
(71.5)%
(48.2)%
(25.7)%
Working capital (m)
335
228
339
264
241
346
340
454
341
178
19
201
424
231
204
148
173
Long-term debt (m)
120
50
- -
- -
393
493
693
683
973
791
598
867
1,119
967
921
870
899
Equity (m)
1,562
1,896
2,127
2,082
2,188
2,517
2,641
2,756
2,906
2,561
2,249
3,982
3,505
2,834
2,016
1,609
1,576
ROIC
35.9%
20.2%
14.4%
(1.4)%
4.0%
8.7%
7.5%
4.8%
3.8%
(6.4)%
(8.3)%
0.1%
(5.6)%
(9.0)%
(25.4)%
(24.4)%
(20.7)%
Return on capital
47.6%
27.2%
20.0%
(1.9)%
5.9%
12.5%
10.9%
6.9%
5.3%
(9.0)%
(12.0)%
(5.0)%
(5.8)%
(10.3)%
(27.0)%
(22.8)%
(18.7)%
Return on equity
43.1%
23.1%
16.3%
(1.8)%
5.3%
12.8%
11.3%
6.8%
5.6%
(11.5)%
(14.2)%
0.1%
(9.2)%
(15.0)%
(39.9)%
(40.7)%
(28.7)%
Plowback ratio
93.2%
84.4%
73.2%
180.1%
73.7%
90.4%
89.9%
84.5%
64.2%
120.0%
107.4%
(176.1)%
109.5%
107.6%
102.3%
102.4%
105.6%
Div.&Repurch./FCF
206.4%
67.2%
72.4%
- -
(15.4)%
(24.7)%
639.8%
45.3%
(22.2)%
- -
- -
168.4%
- -
- -
- -
- -
- -
Capital Structure
2 Aug · 2022 | Q2
All numbers in millions
Total liabilities
$ 1,384
Total assets
$ 2,960
Long-term debt
$ 899
Cash and equiv.
$ 20
Goodwill
$ - -
Retained earnings
$ (223)
Common stock
215
Enterprise Value
$ 3,351
Working Capital
Currency: USD, in millions
2019
2020
2021
Cash & Investments
174
225
118
Receivables
346
165
356
Inventory
36
33
42
Other
75
106
11
Current assets
632
478
584
Acc. Payable
170
92
190
Debt due
- -
7
7
Other
230
175
239
Current liabilities
401
274
436
Annual growth rates
(avg. rate of change)
1 year
5 years
10 years
Revenue
20.71%
(4.59)%
7.08%
Cash flow
(153.10)%
(14.37)%
(14.29)%
Earnings
(18.56)%
(1,358.98)%
(651.26)%
Dividends
(17.27)%
8.60%
4.54%
Book value
(20.17)%
(20.04)%
(1.92)%
Insider Trading
Type
Shares
Date
Holcomb James Michael
Sale
8,333
08/23/22
Holcomb James Michael
Sale
8,333
07/29/22
Hendricks William Andrew Jr
Sale
100,000
07/11/22
Holcomb James Michael
Sale
8,333
06/13/22
Hendricks William Andrew Jr
Sale
7,400
06/10/22
Quarterly Revenue
Currency: USD, in millions
Year
1Q
2Q
3Q
4Q
Total
2020
446
250
207
221
1,124
2021
241
292
358
466
1,357
2022
509
622
- -
- -
- -
Earnings per share
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
(2.31)
(0.80)
(0.60)
(0.57)
(4.27)
2021
(0.57)
(0.55)
(0.44)
(1.92)
(3.48)
2022
(0.13)
0.10
- -
- -
- -
Quarterly dividends paid
Currency: USD
Year
1Q
2Q
3Q
4Q
Total
2020
0.04
0.02
0.02
0.02
0.10
2021
0.02
0.02
0.02
0.02
0.08
2022
0.04
0.04
- -
- -
- -
Company Description
Sector:
Energy
Industry:
Oil & Gas Drilling
CEO:
Mr. William Hendricks
Full-time employees:
5,000
City:
Houston
Address:
10713 W Sam Houston Pkwy N Ste 800
IPO:
Nov 2, 1993
Website:
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.