Patterson-UTI Energy, Inc.

Ticker

PTEN

ISIN

US703481101

Price

USD 11.31

Change Today

+0.25 / 2.26 %

Price 1 year ago

9.93 / 13.915 %

Market Capitalization

3,377,258,240.00

52 Week Low

9.56

52 Week High

15.59

200 Day Moving Average

12.15

50-day Moving Average

11.49


Price evolution

Yearly Returns


Peers


Peers

Company information

Summary

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.

Sector

Energy

Industry

Oil & Gas Drilling

Country

United States

Exchange

NMS

Earnings Per Share

-2.539

P/E Ratio

-

Debt/Equity Ratio

55.638

Beta

2.363133

City

Houston

Address

10713 West Sam Houston Parkway North

Zip

77064

Ebitda

365,496,000.00

Ebitda Margins

0.19

Enterprise to Ebitda

12.06

Enterprise Value

4,408,796,160.00

Target Price

20.42

Estimated Price

-

Book Value

10.74

Expected Growth

-

Balance sheet

Income statement

Sustainability

Correlation

Company Name Correlation
WEEEF WESTERN ENERGY SERVICES CORPORA -0.14
VTDRF VANTAGE DRILLING INTERNATIONAL 0.09
SDRL Seadrill Limited 0.10
NE Noble Corporation plc 0.21
DO Diamond Offshore Drilling, Inc. 0.25
VTGDF VANTAGE DRILLING COMPANY 0.28
AWLCF AWILCO DRILLING PLC 0.34
SDRL.OL SEADRILL LIMITED 0.38
0BDR.IL BORR DRILLING LTD 0.45
ABAN.NS ABAN OFFSHORE 0.48
600871.SS SINOPEC OILFIELD SERVICE CORPOR 0.50
RIGG34.SA TRANSOCEAN DRN 0.56
1033.HK SINOPEC SSC 0.56
SDI.V STAMPEDE DRILLING INC 0.58
AKTAF AKITA DRILLING LTD 0.59
BORR Borr Drilling Limited 0.59
ODL.OL ODFJELL DRILLING 0.61
ICD Independence Contract Drilling, 0.69
RIG Transocean Ltd (Switzerland) 0.72
CETEF CATHEDRAL ENERGY SERVICES LTD 0.75
PHXHF PHX ENERGY SVCS CO 0.77
ESVIF ENSIGN ENERGY SERVICES INC 0.83
PDS Precision Drilling Corporation 0.86
NBR Nabors Industries Ltd. 0.91
HP Helmerich & Payne, Inc. 0.93

Similar companies

Ticker Name City Country Currency Exchange Beta EV/EBITDA Employees Site
600871.SS SINOPEC OILFIELD SERVICE CORPOR Beijing China CNY SHH 1.12 13.84 69232 https://ssc.sinopec.com
RIG Transocean Ltd (Switzerland) Steinhausen Switzerland USD NYQ 2.94 9.86 5000 https://www.deepwater.com
1033.HK SINOPEC SSC Beijing China HKD HKG 1.12 7.45 69232 https://ssc.sinopec.com
PTEN Patterson-UTI Energy, Inc. Houston United States USD NMS 2.36 12.06 5000 https://www.patenergy.com
BORR Borr Drilling Limited Hamilton Bermuda USD NYQ 3.35 41.29 517 https://www.borrdrilling.com
DO Diamond Offshore Drilling, Inc. Houston United States USD NYQ 31.88 1900 https://www.diamondoffshore.com
HP Helmerich & Payne, Inc. Tulsa United States USD NYQ 1.73 18.75 5932 https://www.hpinc.com
NE Noble Corporation plc Sugar Land United States USD NYQ 22.68 1800 https://www.noblecorp.com
SDRL Seadrill Limited Hamilton Bermuda USD NYQ 7.87 2576 https://www.seadrill.com
ODL.OL ODFJELL DRILLING Aberdeen United Kingdom NOK OSL 2.46 19.80 1193 https://www.odfjelldrilling.com
ABAN.NS ABAN OFFSHORE Chennai India INR NSI 1.48 257.58 39 https://www.abanoffshore.com
NBR Nabors Industries Ltd. Hamilton Bermuda USD NYQ 2.82 8.68 10000 https://www.nabors.com
ICD Independence Contract Drilling, Houston United States USD NYQ 5.62 100.23 500 https://www.icdrilling.com
PDS Precision Drilling Corporation Calgary Canada USD NYQ 3.27 11.79 3350 https://www.precisiondrilling.com
VTDRF VANTAGE DRILLING INTERNATIONAL Houston United States USD PNK -0.16 16.61 500 https://www.vantagedrilling.com
DRLCO.CO The Drilling Company of 1972 A/ Kongens Lyngby Denmark DKK CPH 2.62 40.85 2481 https://www.maerskdrilling.com
SDI.V STAMPEDE DRILLING INC Calgary Canada CAD VAN 1.54 10.94 150 https://www.stampededrilling.com
RIGG34.SA TRANSOCEAN DRN Steinhausen Switzerland BRL SAO 2.94 21.21 5000 https://www.deepwater.com
0BDR.IL BORR DRILLING LTD Hamilton Bermuda NOK IOB 2.93 99.44 517 https://www.borrdrilling.com
CETEF CATHEDRAL ENERGY SERVICES LTD Calgary Canada USD PNK https://www.cathedralenergyservices.com
VTGDF VANTAGE DRILLING COMPANY Houston United States USD PNK -55.02 5.84 786 https://www.vantagedrilling.com
ESVIF ENSIGN ENERGY SERVICES INC Calgary Canada USD PNK 3.12 5.04 https://www.ensignenergy.com
SDRL.OL SEADRILL LIMITED London United Kingdom NOK OSL 107.59 3220 https://www.seadrill.com
AKTAF AKITA DRILLING LTD Calgary Canada USD PNK 1.88 2.80 1067 https://www.akita-drilling.com
PHXHF PHX ENERGY SVCS CO Calgary Canada USD PNK 2.26 3.01 843 https://www.phxtech.com
WEEEF WESTERN ENERGY SERVICES CORPORA Calgary Canada USD PNK 1.61 4.15 https://www.wesc.ca
AWLCF AWILCO DRILLING PLC Westhill United Kingdom USD PNK 2.04 -0.81 41 https://www.awilcodrilling.com

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Indicators

Glossary
Momentum
A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
Inertia
In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
Relative Strength Index (RSI)
A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
Fibonacci's Weighted Moving Average
A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
Williams %R
A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
Relative Volatility Index (RVI)
A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
Commodity Channel Index (CCI)
A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.