Patterson-UTI Energy Inc is a Texas based provider of drilling and completion services to oil and natural gas exploration and production companies, offering contract drilling, integrated well completion, directional drilling services, and specialized drill bit solutions. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products. Drilling Services includes contract and directional drilling, Completion Services generates maximum revenue and includes hydraulic fracturing and related support services, and Drilling Products includes the manufacturing and distribution of drill bits. The Company operates in the United States, Canada, Colombia, and Other Countries, with the majority of revenue coming from the United States.
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The chart shows the growth of an initial investment of $10,000 in Patterson-UTI Energy Inc, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Patterson-UTI Energy Inc (PTEN) has returned 72.52% so far this year and 94.32% over the past 12 months. Looking at the last ten years, PTEN has achieved an annualized return of -4.39%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Patterson-UTI Energy Inc (PTEN) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 22.44% | 17.06% | 21.01% | 1.10% | ||||||||
| 2025 | -4.27% | 3.88% | -2.26% | -30.88% | -0.90% | 5.33% | -0.51% | 0.17% | -8.80% | 21.28% | -7.63% | 6.82% |
| 2024 | 1.84% | 4.05% | 2.67% | -9.53% | 1.85% | -6.07% | 5.57% | -15.81% | -14.04% | 1.99% | 8.11% | -1.55% |
| 2023 | -17.96% | -14.41% | -10.48% | -12.25% | 23.02% | 30.80% | -9.59% | -4.02% | -8.70% | -8.30% | -7.14% | |
| 2022 | 17.87% | 46.35% | 6.25% | 6.89% | 16.13% | -16.30% | 4.75% | -8.36% | -20.54% | 42.13% | -1.75% | -7.42% |
| 2021 | 14.95% | 19.35% | -6.68% | -5.59% | 18.89% | 14.65% | -22.14% | -3.60% | 16.58% | -5.31% | -19.04% | 14.97% |
| 2020 | -25.59% | -27.01% | -59.69% | 61.14% | 6.65% | -9.16% | 10.09% | -1.28% | -25.20% | -9.54% | 65.77% | 17.67% |
| 2019 | 20.94% | 8.96% | 5.26% | -4.43% | -21.78% | 7.17% | -1.86% | -24.12% | 2.40% | -3.37% | 5.80% | 15.89% |
| 2018 | 2.16% | -23.88% | -2.99% | 24.25% | -2.87% | -15.29% | -3.75% | 1.00% | -0.47% | -3.26% | -17.33% | -28.27% |
| 2017 | 2.64% | -2.47% | -13.72% | -11.25% | -2.20% | -5.74% | -4.82% | -17.17% | 30.96% | -2.94% | 7.04% | 4.88% |
| 2016 | 15.03% | -5.29% | 19.24% | -9.01% | 1.56% | 15.25% | 0.18% | 17.23% | -2.04% |
The charts below present risk-adjusted performance metrics for Patterson-UTI Energy Inc (PTEN) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of PTEN compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Patterson-UTI Energy Inc volatility is 2.44%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 5.83B | 7.42B | 3.14B | 2.96B | 3.30B | 4.44B | 5.47B | 5.76B | 3.80B | 4.53B | 5.39B | 4.69B | 4.56B | 4.22B | 3.42B | 2.66B |
| Equity Attributable To Parent (USD) | 3.47B | 4.81B | 1.67B | 1.61B | 2.02B | 2.83B | 3.51B | 3.98B | 2.25B | 2.56B | 2.91B | 2.76B | 2.64B | 2.52B | 2.19B | 2.08B |
| Equity Attributable To Noncontrolling Interest (USD) | 10.02M | 8.39M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | 3.48B | 4.82B | 1.67B | 1.61B | 2.02B | 2.83B | 3.51B | 3.98B | 2.25B | 2.56B | 2.91B | 2.76B | 2.64B | 2.52B | 2.19B | 2.08B |
| Other Non-current Liabilities (USD) | 281.83M | 302.83M | 90.93M | 53.75M | 100.53M | 230.39M | 313.13M | 362.11M | 691.07M | 809.05M | 934.30M | 884.35M | 857.64M | 784.06M | - | - |
| Long-term Debt (USD) | 1.23B | 1.25B | 836.41M | 858.76M | 908.76M | 975.00M | 1.13B | 868.00M | 600.00M | 855.00M | 985.50M | 692.50M | 698.75M | 502.50M | - | - |
| Noncurrent Liabilities (USD) | 1.52B | 1.55B | 927.33M | 912.51M | 1.01B | 1.21B | 1.44B | 1.23B | 1.29B | 1.66B | 1.92B | 1.58B | 1.56B | 1.29B | 919.46M | 387.14M |
| Other Current Liabilities (USD) | 420.68M | 516.02M | 313.91M | 245.63M | 182.10M | 230.13M | 237.35M | 226.63M | 139.15M | 225.36M | 185.97M | 181.13M | 171.04M | 177.10M | 153.57M | 109.61M |
| Accounts Payable (USD) | 421.32M | 534.42M | 237.06M | 190.22M | 91.62M | 170.48M | 288.96M | 319.62M | 125.67M | 82.77M | 382.44M | 173.15M | 188.82M | 241.61M | 162.40M | 83.70M |
| Current Liabilities (USD) | 841.99M | 1.05B | 550.97M | 435.85M | 273.72M | 400.60M | 526.32M | 546.25M | 264.82M | 308.13M | 568.40M | 354.28M | 359.86M | 418.71M | 315.97M | 193.31M |
| Liabilities (USD) | 2.36B | 2.60B | 1.48B | 1.35B | 1.28B | 1.61B | 1.96B | 1.78B | 1.56B | 1.97B | 2.49B | 1.93B | 1.92B | 1.71B | 1.24B | 580.45M |
| Other Non-current Assets (USD) | 1.53B | 2.59B | 53.83M | 42.44M | 60.07M | 501.12M | 517.12M | 757.27M | 112.32M | 126.07M | 353.85M | 242.94M | 241.54M | 289.69M | 244.72M | 94.48M |
| Fixed Assets (USD) | 3.01B | 3.34B | 2.26B | 2.33B | 2.76B | 3.31B | 4.00B | 4.25B | 3.41B | 3.92B | 4.13B | 3.64B | 3.62B | 3.17B | 2.62B | 2.11B |
| Noncurrent Assets (USD) | 4.54B | 5.93B | 2.31B | 2.37B | 2.82B | 3.81B | 4.52B | 5.01B | 3.52B | 4.05B | 4.48B | 3.88B | 3.86B | 3.46B | 2.87B | 2.20B |
| Other Current Assets (USD) | 1.09B | 1.26B | 771.38M | 541.29M | 444.87M | 595.46M | 884.62M | 677.69M | 263.13M | 471.82M | 876.84M | 787.40M | 673.10M | 733.64M | 540.20M | 450.33M |
| Prepaid Expenses (USD) | 34.00M | 46.39M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory (USD) | 167.02M | 180.81M | 58.04M | 42.36M | 33.09M | 36.36M | 65.58M | 69.17M | 20.19M | 14.72M | 32.25M | 21.25M | 26.89M | 31.31M | 17.22M | 6.94M |
| Current Assets (USD) | 1.30B | 1.49B | 829.42M | 583.65M | 477.96M | 631.82M | 950.20M | 746.86M | 283.32M | 486.54M | 909.09M | 808.65M | 699.99M | 764.95M | 557.41M | 457.27M |
| Assets (USD) | 5.83B | 7.42B | 3.14B | 2.96B | 3.30B | 4.44B | 5.47B | 5.76B | 3.80B | 4.53B | 5.39B | 4.69B | 4.56B | 4.22B | 3.42B | 2.66B |
Amid escalating Middle East geopolitical tensions and disruptions to oil supply, crude prices have spiked dramatically with WTI near $95 and Brent approaching $100. The article highlights three undervalued mid-cap energy stocks positioned to benefit from higher oil prices: Talos Energy (TALO), Patterson-UTI Energy (PTEN), and Northern Oil & Gas (NOG), each offering significant upside potential based on fair value models and analyst ratings.
Schlumberger, ADNOC Drilling, and Patterson-UTI have formed a joint venture to accelerate the UAE's unconventional oil and gas program, with a target of completing 144 wells by 2025.
Patterson-UTI Energy reported lower Q2 2024 earnings compared to the prior year due to weaker performance in its Drilling Services segment. The company's Completion Services segment saw strong revenue growth, but missed expectations. Patterson-UTI Energy returned $164 million to shareholders in Q2 and has $819 million remaining in its share repurchase authorization.
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic growth.
During the last three months, 7 analysts shared their evaluations of Patterson-UTI Energy (NASDAQ:PTEN), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 2 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $16.0, a high estimate of $18.00, and a low estimate of $14.00. Experiencing a 3.85% decline, the current average is now lower than the previous average price target of $16.64. Analyzing Analyst Ratings: A Detailed Breakdown The standing of Patterson-UTI Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Jason Bandel Evercore ISI Group Lowers Outperform $17.00 $18.00 Chase Mulvehill B of A Securities Lowers Buy $14.00 $14.50 Charles Minervino Susquehanna Maintains Positive $16.00 $16.00 Charles Minervino Susquehanna Maintains Positive $16.00 $16.00 Jason Bandel Evercore ISI Group Lowers Outperform $18.00 $19.00 Keith Mackey RBC Capital Lowers Outperform $16.00 $17.00 James Rollyson Raymond James Lowers Strong Buy $15.00 $16.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' ...Full story available on Benzinga.com
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
Exxon (XOM) delivered earnings and revenue surprises of -5.94% and 4.06%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.