Patterson-UTI Energy, Inc.(PTEN) Stock Research - Grey Stern Research
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Patterson-UTI Energy, Inc. (PTEN) Stock Analysis

$8.13 (-0.73%)

PTEN Financial Performance


Use the table below to view Patterson-UTI Energy, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $8.13 -
52 Week Low $7.38 -
52 Week High $12.65 -
Market Cap $3.2 Billion 4/7
Gross Margin -91% 7/7
Profit Margin -72% 7/7
EBITDA margin -53% 6/7
Q3 - 2024 Revenue $1.4 Billion 1/7
Q3 - 2024 Earnings -$978.8 Million 7/7
Q3 - 2024 Free Cash Flow $653.7 Million 1/7
Trailing 4 Quarters Revenue $5.8 Billion 1/7
Trailing 4 Quarters Earnings -$854.5 Million 7/7
Quarterly Earnings Growth -351972% 7/7
Annual Earnings Growth -437% 6/7
Quarterly Revenue Growth 34% 1/7
Annual Revenue Growth 76% 2/7
Cash On Hand $115.5 Million 6/7
Short Term Debt $38.2 Million 3/7
Long Term Debt $1.2 Billion 6/7

Patterson-UTI Energy, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Patterson-UTI Energy, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 5/7
PS 0.55 6/7
PB 0.89 3/7
PC 27.45 2/7
Liabilities to Equity 0.67 7/7
ROA -0.14 6/7
ROE -0.24 6/7
Current Ratio 2.49 1/7
Quick Ratio 0.05 6/7
Long Term Debt to Equity 0.34 7/7
Debt to Equity 0.34 7/7
Burn Rate 0.11 5/7
Cash to Cap 0.04 6/7
CCR -0.67 4/7
EV to EBITDA -5.90 6/7
EV to Revenue 0.74 7/7

Company Details

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.

CEO: Mr. William Hendricks

Website: https://www.patenergy.com

Address: 10713 W Sam Houston Pkwy N Ste 800 Houston, TEXAS

Exchange: NASDAQ Global Select

Industry: Oil & Gas Drilling

Patterson-UTI Energy, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Patterson-UTI Energy, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Nabors Industries Ltd. NBR $666.8 Million
Transocean Ltd. RIG $3.7 Billion
Helmerich & Payne, Inc. HP $3.4 Billion
Precision Drilling Corporation PDS $862.0 Million
Borr Drilling Limited BORR $866.6 Million
Noble Corporation NE $5.3 Billion
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Income Statement
Balance Sheet
Cash Flow Statement
PTEN Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 1.4 Billion -$978.8 Million
Q2 2024 $ 1.3 Billion $11.1 Million
Q1 2024 $ 1.5 Billion $51.2 Million
Q4 2023 $ 1.6 Billion $62.0 Million
Q3 2023 $ 1.0 Billion -$278,000
Q2 2023 $ 758.9 Million $84.6 Million
Q1 2023 $ 791.8 Million $99.7 Million
Q4 2022 $ 788.5 Million $100.1 Million

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PTEN Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $115.5 Million $6.0 Billion $1.2 Billion $3.6 Billion
Q2 2024 $75.0 Million $7.0 Billion $1.2 Billion $4.6 Billion
Q1 2024 $192.7 Million $0 $0 $4.8 Billion
Q4 2023 $192.7 Million $0 $1.2 Billion $0
Q3 2023 $67.0 Million $7.4 Billion $1.3 Billion $4.9 Billion
Q2 2023 $150.3 Million $3.1 Billion $844.4 Million $1.7 Billion
Q1 2023 $157.2 Million $3.1 Billion $845.6 Million $1.7 Billion
Q4 2022 $137.6 Million $3.1 Billion $855.7 Million $1.7 Billion

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PTEN Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $653.7 Million $357.4 Million $40.4 Million
Q2 2024 $67.0 Million -$130.5 Million -$95.2 Million
Q1 2024 $139.0 Million -$226.9 Million -$22.4 Million
Q4 2023 $247.4 Million -$205.3 Million $125.6 Million
Q3 2023 $179.8 Million $89.2 Million $179.8 Million
Q2 2023 $55.6 Million $29.6 Million $55.6 Million
Q1 2023 $116.7 Million -$117.6 Million $19.7 Million
Q4 2022 $183.7 Million -$119.2 Million $94.8 Million

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