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Patterson-UTI Energy Inc PTEN

Morningstar Rating
$11.74 +0.17 (1.47%)
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Company Report

Price vs Fair Value

PTEN is trading at a 35% discount.
Price
$11.74
Fair Value
$47.00
Uncertainty
Very High
1-Star Price
$83.60
5-Star Price
$5.00
Economic Moat
Fnvx
Capital Allocation
Gtzjh

Bulls Say, Bears Say

Bulls

The merger with NexTier will expand firmwide profitability as the firms leverage their respective expertise to optimize operations, unlocking cross-selling opportunities in basins across the U.S.

Bears

Patterson operates in several commoditized end markets where pricing is determined by supply and demand. A permanent decline in drilling demand could slash the firm's margins in the long run.

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News

Trading Information

Previous Close Price
$11.57
Day Range
$11.5311.89
52-Week Range
$9.7016.18
Bid/Ask
$11.34 / $11.80
Market Cap
$4.79 Bil
Volume/Avg
5.7 Mil / 6.9 Mil

Key Statistics

Price/Earnings (Normalized)
7.64
Price/Sales
0.79
Dividend Yield (Trailing)
2.73%
Dividend Yield (Forward)
2.73%
Total Yield
6.91%

Company Profile

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
Sector
Energy
Industry
Oil & Gas Drilling
Stock Style Box
Small Core
Total Number of Employees
10,600

Competitors

Valuation

Metric
PTEN
LBRT
HP
Price/Earnings (Normalized)
7.646.969.72
Price/Book Value
1.001.981.39
Price/Sales
0.790.811.39
Price/Cash Flow
3.063.425.19
Price/Earnings
PTEN
LBRT
HP

Financial Strength

Metric
PTEN
LBRT
HP
Quick Ratio
1.160.981.57
Current Ratio
1.411.492.11
Interest Coverage
6.6925.8533.10
Quick Ratio
PTEN
LBRT
HP

Profitability

Metric
PTEN
LBRT
HP
Return on Assets (Normalized)
7.45%20.08%9.46%
Return on Equity (Normalized)
12.24%34.43%15.09%
Return on Invested Capital (Normalized)
9.95%28.89%12.18%
Return on Assets
PTEN
LBRT
HP
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Oil & Gas Drilling Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
NE
Noble Corp PLC Class APklgc$6.2 Bil
RIG
Transocean LtdPhmq$4.1 Bil
HP
Helmerich & Payne IncXnryf$3.9 Bil
SDRL
Seadrill LtdGprjq$3.2 Bil
BORR
Borr Drilling LtdNzpxw$1.5 Bil
DO
Diamond Offshore Drilling IncXzlf$1.2 Bil
ODFJF
Odfjell Drilling LtdSctr$984.8 Mil
PDS
Precision Drilling CorpJnl$884.7 Mil
NBR
Nabors Industries LtdQpnxlpm$773.2 Mil

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