Patterson-UTI Energy provides onshore contract drilling and pressure pumping services to exploration and production companies in North America. The company was founded in 1978 and is based in Houston, Texas.
PTEN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Patterson Uti Energy Inc. To summarize, we found that Patterson Uti Energy Inc ranked in the 89th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1284.67%. In terms of the factors that were most noteworthy in this DCF analysis for PTEN, they are:
In the past 5.26 years, Patterson Uti Energy Inc has a compound free cash flow growth rate of 0.8%; that's higher than 82.54% of free cash flow generating stocks in the Energy sector.
53% of the company's capital comes from equity, which is greater than just 22.71% of stocks in our cash flow based forecasting set.
Patterson Uti Energy Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -13.74. This coverage rate is greater than that of just 6.58% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Patterson Uti Energy Inc? See BASX, BPMP, CPG, USAC, and PDS.
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of November 2020, the Company had an average of 61 drilling rigs operating. For the two months ended November 30, 2020, the Company had an average of 61 drilling rigs operating.
On October 22, 2020, Patterson-UTI Energy (NASDAQ:PTEN) announced shareholders can expect to receive a dividend payable on December 17, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Patterson-UTI Energy, whose current dividend payout is $0.02, has an ex-dividend date set at December 2, 2020. The payout equates to a dividend yield of 3.07% at current price levels.What Are Ex-Dividend Dates? An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to re...
After the 2020 presidential election, investors will likely turn to sectors that are favored by the winning candidate. Over the last week, Benzinga has shared stocks and ETFs to watch across several sectors. Along with the SPDR S&P 500 ETF Trust (NYSE: SPY ), here is a summary of stocks and ETFs to watch after the 2020 election. Energy Stocks Helmerich & Payne (NYSE: HP ) is a stock to watch with the company’s fracking business under pressure from a Biden victory. Patterson-UTI Energy (NASDAQ: PTEN ) is a stock to watch with the company’s fracking business under pressure. NextEra Energy Inc (NYSE: NEE ) is the largest wind and solar provider in the U.S. The company could be a winner with Biden’s emphasis on clean energy. Array Technologies (NASDAQ: ARRY ), a recent solar ETF, provides t...