Of note is the ratio of Patterson Uti Energy Inc's sales and general administrative expense to its total operating expenses; only 4.24% of US stocks have a lower such ratio.
Revenue growth over the past 12 months for Patterson Uti Energy Inc comes in at -31.33%, a number that bests just 6.42% of the US stocks we're tracking.
Patterson Uti Energy Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 65.6%, greater than the shareholder yield of 95.31% of stocks in our set.
If you're looking for stocks that are quantitatively similar to Patterson Uti Energy Inc, a group of peers worth examining would be PDCE, ERF, BRY, TPRE, and EQT.
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 96th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 5851% on a DCF basis. The most interesting components of our discounted cash flow analysis for Patterson Uti Energy Inc ended up being:
The compound growth rate in the free cash flow of Patterson Uti Energy Inc over the past 4.76 years is 1.05%; that's higher than 82.54% of free cash flow generating stocks in the Energy sector.
40% of the company's capital comes from equity, which is greater than merely 21.72% 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 -12.62. This coverage rate is greater than that of just 7.29% 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
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PTEN, try AM, GPP, PBFX, DNR, and SNMP.
Patterson-UTI Energy (PTEN) announced an average of 65 drilling rigs operating for the month of June vs. 80 in May.For the quarter ending June, the Company had an average of 82 drilling rigs operating. PTEN -0.6% premarket to $3.48Source: Press Release...
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2020, the Company had an average of 65 drilling rigs operating. For the three months ended June 30, 2020, the Company had an average of 82 drilling rigs operating.
Chesapeake Energy Corp's bankruptcy will pile more pain onto leading energy service and pipeline companies whose revenues were already being slammed during the latest collapse in oil prices, according to energy analysts and corporate filings. Chesapeake, the sixth-largest U.S. natural gas producer, sought protection from creditors on Sunday in U.S. Bankruptcy Court for Southern District of Texas in the biggest oil and gas bankruptcy in five years. Williams Cos, Energy Transfer and Crestwood Equity Partners have contracts with Chesapeake that face rate cuts or rejections in bankruptcy court, said Ryan Smith, a senior director at energy information provider East Daley Capital.
In this article we will check out the progression of hedge fund sentiment towards Patterson-UTI Energy, Inc. (NASDAQ:PTEN) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]