Patterson-UTI Energy, Inc. (PTEN): Price and Financial Metrics


Patterson-UTI Energy, Inc. (PTEN): $8.13

-0.20 (-2.40%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

PTEN POWR Grades


  • PTEN scores best on the Momentum dimension, with a Momentum rank ahead of 45.11% of US stocks.
  • The strongest trend for PTEN is in Momentum, which has been heading up over the past 31 weeks.
  • PTEN ranks lowest in Stability; there it ranks in the 6th percentile.

PTEN Stock Summary

  • Of note is the ratio of Patterson Uti Energy Inc's sales and general administrative expense to its total operating expenses; merely 5.14% of US stocks have a lower such ratio.
  • Revenue growth over the past 12 months for Patterson Uti Energy Inc comes in at -58.45%, a number that bests only 5.34% of the US stocks we're tracking.
  • In terms of volatility of its share price, PTEN is more volatile than 85.77% of stocks we're observing.
  • If you're looking for stocks that are quantitatively similar to Patterson Uti Energy Inc, a group of peers worth examining would be KRP, AMPY, EVH, CNNE, and OSW.
  • Visit PTEN's SEC page to see the company's official filings. To visit the company's web site, go to www.patenergy.com.

PTEN Valuation Summary

  • In comparison to the median Energy stock, PTEN's price/earnings ratio is 119.45% lower, now standing at -3.2.
  • PTEN's price/sales ratio has moved down 0.1 over the prior 243 months.
  • PTEN's price/sales ratio has moved down 0.1 over the prior 243 months.

Below are key valuation metrics over time for PTEN.

Stock Date P/S P/B P/E EV/EBIT
PTEN 2019-07-31 0.8 0.7 -6.6 -9.1
PTEN 2018-02-01 3.0 1.5 -20.4 -16.1
PTEN 2014-07-31 1.8 1.8 27.9 18.3
PTEN 2007-07-10 1.6 2.4 6.4 4.1
PTEN 2007-01-19 1.5 2.5 5.8 3.8
PTEN 2004-05-10 3.1 2.8 36.4 22.1

PTEN Growth Metrics

  • Its 4 year net income to common stockholders growth rate is now at -122.34%.
  • The 5 year price growth rate now stands at -80.62%.
  • Its 4 year price growth rate is now at -85.34%.
PTEN's revenue has moved down $2,399,143,000 over the prior 30 months.

The table below shows PTEN's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-03-31 919.251 214.189 -475.383
2020-12-31 1,124.249 278.858 -803.692
2020-09-30 1,395.745 395.647 -783.088
2020-06-30 1,787.056 550.237 -932.696
2020-03-31 2,212.441 585.662 -831.811
2019-12-31 2,470.685 696.203 -425.703

PTEN Price Target

For more insight on analysts targets of PTEN, see our PTEN price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $9.29 Average Broker Recommendation 1.81 (Hold)

PTEN Stock Price Chart Interactive Chart >

Price chart for PTEN

PTEN Price/Volume Stats

Current price $8.13 52-week high $11.27
Prev. close $8.33 52-week low $2.38
Day low $7.97 Volume 1,403,000
Day high $8.22 Avg. volume 2,225,625
50-day MA $9.35 Dividend yield 0.96%
200-day MA $6.78 Market Cap 1.53B

Patterson-UTI Energy, Inc. (PTEN) Company Bio


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

Current PriceDCF Fair Value Target: Forecasted Gain:
$8.13$26.99 221%

Below please find a table outlining a discounted cash flow forecast for PTEN, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Patterson Uti Energy Inc ranked in the 77th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 222.83% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for PTEN, they are:

  • The compound growth rate in the free cash flow of Patterson Uti Energy Inc over the past 5.78 years is 0.58%; that's better than 74.78% of cash flow producing equities in the Energy sector, where it is classified.
  • Patterson Uti Energy Inc's weighted average cost of capital (WACC) is 13%; for context, that number is higher than 90% of tickers in our DCF set.
  • Patterson Uti Energy Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -12.99. This coverage rate is greater than that of only 5.86% of stocks we're observing for the purpose of forecasting via discounted cash flows.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%215%
1%218%
2%221%
3%224%
4%228%
5%231%

For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PTEN, try SD, CLNE, COG, TRMD, and GPP.


PTEN Latest News Stream


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Latest PTEN News From Around the Web

Below are the latest news stories about Patterson Uti Energy Inc that investors may wish to consider to help them evaluate PTEN as an investment opportunity.

Will Patterson-UTI (PTEN) Report Negative Earnings Next Week? What You Should Know

Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Yahoo | July 22, 2021

Patterson-UTI (PTEN) Inks Acquisition Deal With Pioneer Energy

With the Pioneer buyout, Patterson-UTI (PTEN) will own 166 super-spec rigs in the United States with nearly half the specimens being outfitted with alternative power sources to curb toxic emissions.

Yahoo | July 7, 2021

Patterson-UTI Building Alternate-Power Rig Arsenal, Colombia Foothold with Pioneer Energy Takeover

The post Patterson-UTI Building Alternate-Power Rig Arsenal, Colombia Foothold with Pioneer Energy Takeover appeared first on Natural Gas Intelligence

Natural Gas Intelligence | July 6, 2021

Patterson-UTI buys small driller Pioneer Energy Services for $295 million

US land driller Patterson-UTI has agreed to buy oil services provider Pioneer Energy Services for

S&P Global Platts | July 6, 2021

Patterson-UTI to Buy Pioneer Energy Services for $295 Million

The acquisition of Pioneer Energy Services fleet of 17 drilling rigs in the U.S., of which 16 are super-spec, was described as a valuable addition to Patterson-UTIs current fleet of 150 super-spec drilling rigs in the U.S.

Hart Energy | July 6, 2021

Read More 'PTEN' Stories Here

PTEN Price Returns

1-mo -19.43%
3-mo 15.82%
6-mo 32.84%
1-year 105.70%
3-year -49.60%
5-year -55.51%
YTD 55.32%
2020 -48.80%
2019 3.07%
2018 -54.51%
2017 -14.20%
2016 79.97%

PTEN Dividends

Ex-Dividend Date Type Payout Amount Change
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Continue Researching PTEN

Here are a few links from around the web to help you further your research on Patterson Uti Energy Inc's stock as an investment opportunity:

Patterson Uti Energy Inc (PTEN) Stock Price | Nasdaq
Patterson Uti Energy Inc (PTEN) Stock Quote, History and News - Yahoo Finance
Patterson Uti Energy Inc (PTEN) Stock Price and Basic Information | MarketWatch

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