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Patterson-UTI Energy, Inc.

PTEN US

PTEN USPatterson-UTI Energy, Inc.

United States Composite

10.85

USD

+0.03

(+0.28%)

1.23EPS Dil.

8.73P/E

4.53BMarket Cap

3.38%Div. Yield

Next Earnings

October 24

Ex-Dividend Date

September 6

Dividend Date

September 21

Held by Insiders

2.31%

Held by Institutions

104.28%

Short % of Float

6.85%

YTD Yield

-8.49%

3Y Yield

146.17%

Capital Structure

FRC

•

in mil. unless spec.

Mar'23

Jun'23

Sep'23

ST Debt

LT Borrowings

822

1,228

LT Finance Leases

Preferred Equity and Hybrid Capital

- -

Shares Outstanding

208

417

Market Capitalization

2,434

2,490

5,775

Working Capital

FRC

•

in mil. unless spec.

Mar'23

Jun'23

Sep'23

Total Current Assets

780

801

1,424

Cash, Cash Equivalents & STI

157

150

Accounts Receivable, Net

493

491

1,010

Inventories

187

Total Current Liabilities

487

454

1,037

Payables & Accruals

382

372

879

ST Debt

Deferred Revenue

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years

5 years

1 year

Sales/Revenue/Turnover

15.89%

15.36%

95.14%

Net Income, GAAP

-611.77%

-1,135.31%

-123.66%

Free Cash Flow

-40.31%

-67.66%

-281.69%

Total Cash Common Dividend

21.50%

41.86%

168.75%

Total Equity

-1.38%

-15.33%

3.54%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

2021

241

292

358

466

1,357

2022

509

622

728

788

2,648

2023

792

759

1,011

- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

2021

-0.57

-0.55

-0.44

-1.68

-3.36

2022

-0.13

0.10

0.28

0.46

0.72

2023

0.47

0.41

0.00

- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

2021

0.02

0.08

2022

0.04

0.08

0.20

2023

0.08

0.12

- -

Company Description

CEO: Mr. William Andrew Hendricks Jr.
Full Time Employees: 6,500
Sector: Energy
Industry: Oil & Gas Drilling
Address: 10713 West Sam Houston Parkway North Houston TX United States 77064
IPO Date: Nov 2, 1993
Website: www.patenergy.com
Business: 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.

Company News

Investor's Business Daily
3 months ago
Drilling Rig Leader Poised for Breakout. Is U.S. Rig Count Rebounding?
Investor's Business Daily
3 months ago
Drilling Rig Leader Poised for Breakout. Is U.S. Rig Count Rebounding?
The Wall Street Journal
6 months ago
Drilling Stocks Plunge on Bets for Oil Price Slump
MarketWatch.com
6 months ago
Patterson-UTI Energy to merge with NexTier Oilfield in latest oil-field-services sector tie-up
The Wall Street Journal
6 months ago
Patterson-UTI, NexTier Oilfield Strike Merger Deal
The Wall Street Journal
6 months ago
Oil-Field-Services Companies Hold Merger Talks
MarketWatch.com
a year ago
Dozens in Congress beat stock market in 2022 despite downturn on Wall Street: analysis
Barron's
a year ago
This Longtime Investor Is a Believer in Small Caps. 7 Stocks to Buy Now.
Barron's
2 years ago
U.S. Oil Economics Have Shifted. Here's Who Benefits.

Company Description

CEO: Mr. William Andrew Hendricks Jr.
Full Time Employees: 6,500
Sector: Energy
Industry: Oil & Gas Drilling
Address: 10713 West Sam Houston Parkway North Houston TX United States 77064
IPO Date: Nov 2, 1993
Website: www.patenergy.com
Business: 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.

Company News

Investor's Business Daily
3 months ago
Drilling Rig Leader Poised for Breakout. Is U.S. Rig Count Rebounding?
Investor's Business Daily
3 months ago
Drilling Rig Leader Poised for Breakout. Is U.S. Rig Count Rebounding?
The Wall Street Journal
6 months ago
Drilling Stocks Plunge on Bets for Oil Price Slump
MarketWatch.com
6 months ago
Patterson-UTI Energy to merge with NexTier Oilfield in latest oil-field-services sector tie-up
The Wall Street Journal
6 months ago
Patterson-UTI, NexTier Oilfield Strike Merger Deal
The Wall Street Journal
6 months ago
Oil-Field-Services Companies Hold Merger Talks
MarketWatch.com
a year ago
Dozens in Congress beat stock market in 2022 despite downturn on Wall Street: analysis
Barron's
a year ago
This Longtime Investor Is a Believer in Small Caps. 7 Stocks to Buy Now.
Barron's
2 years ago
U.S. Oil Economics Have Shifted. Here's Who Benefits.