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Patterson-UTI Energy Inc.

NAS: PTEN

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After Hours

 --Quotes are delayed by 20 min

Jul 14, 2020, 7:58 p.m.

/zigman2/quotes/204120302/composite

$

3.59

Change

+0.06 +1.70%

Volume

Volume 84,503

Quotes are delayed by 20 min

/zigman2/quotes/204120302/composite

Today's close

$ 3.26

$ 3.53

Change

+0.27 +8.28%

Day low

Day high

$3.19

$3.56

Open

52 week low

52 week high

$1.61

$12.05

Open

Company Description

Patterson-UTI Energy, Inc. engages in the provision of onshore contract drilling services to major and independent oil and natural gas operators. It operates through the following segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drillin...

Patterson-UTI Energy, Inc. engages in the provision of onshore contract drilling services to major and independent oil and natural gas operators. It operates through the following segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its services to major and independent oil and natural gas operators. The Pressure Pumping Services segment provides pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment offers downhole performance motors and equipment to provide services including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, and wireline steering tools, in most major onshore oil and natural gas basins. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.

Valuation

Price to Sales Ratio

0.86

Price to Book Ratio

0.71

Price to Cash Flow Ratio

3.06

Enterprise Value to EBITDA

2.60

Enterprise Value to Sales

0.65

Total Debt to Enterprise Value

0.34

Efficiency

Revenue/Employee

425,980.00

Income Per Employee

-73,397.00

Receivables Turnover

5.44

Total Asset Turnover

0.48

Liquidity

Current Ratio

1.58

Quick Ratio

1.49

Cash Ratio

0.43

Profitability

Gross Margin

-12.42

Operating Margin

-18.21

Pretax Margin

-21.47

Net Margin

-17.23

Return on Assets

-8.28

Return on Equity

-13.43

Return on Total Capital

-10.63

Return on Invested Capital

-10.07

Capital Structure

Total Debt to Total Equity

35.40

Total Debt to Total Capital

26.15

Total Debt to Total Assets

22.59

Long-Term Debt to Equity

35.05

Long-Term Debt to Total Capital

25.89

Officers and Executives

Name Age Officer Since Title
Mr. William Andrew Hendricks 54 2012 Chief Operating Officer
Mr. C. Andrew Smith 48 2017 CFO, Principal Accounting Officer & Executive VP
Mr. Kenneth Neil Berns 59 2001 Director & Senior Vice President
Mr. James M. Holcomb - 1998 Senior Vice President-Operations
Mr. Mike Drickamer - - Director-Investor Relations

Insider Actions

– Purchase – Sale 1 – Number of Transactions
Date Name Shares Transaction Value
07/12/2020 James M. Holcomb
President-Drilling Subsidiary
4,627   Derivative/Non-derivative trans. at $3.39 per share. 15,685
07/12/2020 Seth David Wexler
SVP/General Counsel/Secretary
7,477   Derivative/Non-derivative trans. at $3.39 per share. 25,347
07/12/2020 James M. Holcomb
President-Drilling Subsidiary
19,000   Derivative/Non-derivative trans. at $0 per share. 0
07/12/2020 Seth David Wexler
SVP/General Counsel/Secretary
19,000   Derivative/Non-derivative trans. at $0 per share. 0
05/11/2020 REMY Investors & Consultants, Inc.
Chairman of the Board; Director
119,203   Award at $0 per share. 0
05/11/2020 William Andrew Hendricks
President & CEO; Director
149,002   Award at $0 per share. 0
05/11/2020 Kenneth Neil Berns
Executive Vice President
64,568   Award at $0 per share. 0
04/24/2020 James M. Holcomb
President-Drilling Subsidiary
3,905   Derivative/Non-derivative trans. at $2.89 per share. 11,285
04/24/2020 Seth David Wexler
SVP/General Counsel/Secretary
6,309   Derivative/Non-derivative trans. at $2.89 per share. 18,233
04/23/2020 James M. Holcomb
President-Drilling Subsidiary
3,012   Derivative/Non-derivative trans. at $2.3 per share. 6,927
04/23/2020 Seth David Wexler
SVP/General Counsel/Secretary
4,867   Derivative/Non-derivative trans. at $2.3 per share. 11,194
04/07/2020 William Andrew Hendricks
President & CEO; Director
356,000   Award at $0 per share. 0
04/07/2020 Kenneth Neil Berns
Executive Vice President
133,200   Award at $0 per share. 0
04/07/2020 James M. Holcomb
President-Drilling Subsidiary
74,200   Award at $0 per share. 0
04/07/2020 Seth David Wexler
SVP/General Counsel/Secretary
74,200   Award at $0 per share. 0
04/07/2020 C. Andrew Smith
EVP & Chief Financial Officer
105,200   Award at $0 per share. 0
03/12/2020 William Andrew Hendricks
President & CEO; Director
50,000   Acquisition at $2.04 per share. 102,000
03/12/2020 Janeen S. Judah
Director
25,000   Acquisition at $2.12 per share. 53,000
03/11/2020 Curtis W. Huff
Director
70,000   Acquisition at $2.06 per share. 144,200
03/11/2020 Michael W. Conlon
Director
25,000   Acquisition at $2.01 per share. 50,250
03/11/2020 Charles Oliver Buckner
Director
10,000   Acquisition at $2.09 per share. 20,900
03/11/2020 Tiffany Thom J. Cepak
Director
15,000   Acquisition at $2.01 per share. 30,150
03/09/2020 Curtis W. Huff
Director
40,000   Acquisition at $2.36 per share. 94,400
01/03/2020 Charles Oliver Buckner
Director
5,918   Disposition at $10.76 per share. 63,677
01/02/2020 Terry H. Hunt
Director
5,900   Disposition at $10.49 per share. 61,891
/news/latest/company/us/pten

MarketWatch News on PTEN

  1. 7 Stocks That Could Weather Oil’s Global Price War

    9:30 p.m. March 13, 2020

    - Barron's Online

  2. Patterson-UTI Energy downgraded to market perform from strong buy at Raymond James

    7:42 a.m. March 10, 2020

    - Tomi Kilgore

  3. Here’s how Wall Street’s favorite stock picks turned out in 2019

    10:48 a.m. Dec. 21, 2019

    - Philip van Doorn

  4. Patterson-UTI Energy downgraded to underweight vs. neutral at JPMorgan

    8:15 a.m. Dec. 13, 2019

    - Ciara Linnane

  5. Halliburton and Schlumberger Stock Poised to Rebound, Analyst Says

    12:04 p.m. Nov. 20, 2019

    - Barron's Online

  6. Patterson-UTI Energy started at sell with $7 stock price target at Deutsche Bank

    8:51 a.m. Nov. 20, 2019

    - Tomi Kilgore

  7. Patterson-UTI Energy stock price target cut to $12 from $17 at Raymond James

    7:53 a.m. Oct. 15, 2019

    - Tomi Kilgore

  8. Patterson-UTI Energy stock price target cut to $15 from $18 at Stephens

    8:05 a.m. July 29, 2019

    - Tomi Kilgore

  9. 2019 Energy Roundtable: The Outlook Brightens for Oil Stocks

    12:29 a.m. March 16, 2019

    - Barron's Online

  10. Patterson-UTI Energy downgraded to neutral from overweight at J.P. Morgan

    9:30 a.m. Jan. 17, 2019

    - Tomi Kilgore

  11. Patterson-UTI Energy stock price target cut to $22 from $25 at SunTrust RH

    9:09 a.m. Jan. 16, 2019

    - Tomi Kilgore

  12. These are the top stock picks for 2019 among Wall Street analysts

    8:21 a.m. Jan. 4, 2019

    - Philip van Doorn

  13. Patterson-UTI Energy stock price target raised to $22 vs. $21 at Raymond James

    8:10 a.m. Oct. 26, 2018

    - Ciara Linnane

  14. Loading more headlines...
/news/nonmarketwatch/company/us/pten

Other News on PTEN

  1. 10-Q: PROPETRO HOLDING CORP.

    2:20 p.m. July 2, 2020

    - Edgar Online - (EDG = 10Q, 10K)

  2. Patterson-UTI (PTEN) Receives a Buy from RBC Capital

    12:33 p.m. June 4, 2020

    - SmarterAnalyst

  3. Tracking Kahn Brothers Portfolio - Q1 2020 Update

    6:02 a.m. May 14, 2020

    - Seeking Alpha

  4. Kahn Brothers Buys Buffett's JPMorgan During the 1st Quarter

    4:56 p.m. May 11, 2020

    - GuruFocus.com

  5. Dividends By The Numbers In April 2020

    6:01 a.m. May 6, 2020

    - Seeking Alpha

  6. 10-Q: PATTERSON UTI ENERGY INC

    4:45 p.m. April 28, 2020

    - Edgar Online - (EDG = 10Q, 10K)

  7. CNXM, ERJ among premarket losers

    9:13 a.m. April 27, 2020

    - Seeking Alpha

  8. Barclays Reaffirms Their Hold Rating on Patterson-UTI (PTEN)

    8:26 p.m. April 26, 2020

    - SmarterAnalyst

  9. Credit Suisse Sticks to Its Sell Rating for Patterson-UTI (PTEN)

    12:37 p.m. April 24, 2020

    - SmarterAnalyst

  10. Patterson-UTI sees 60% drop in activity amid plunging oil prices

    12:41 p.m. April 23, 2020

    - Seeking Alpha

  11. Patterson-UTI Energy halves dividend to $0.02

    6:21 a.m. April 23, 2020

    - Seeking Alpha

  12. Patterson-UTI Energy Q1 2020 Earnings Preview

    5:30 p.m. April 22, 2020

    - Seeking Alpha

  13. Loading more headlines...

At a Glance

Patterson-UTI Energy, Inc.

10713 West Sam Houston Parkway North

Suite 800

Houston, Texas 77064

Phone

1 2817657100

Industry

Oil & Gas Products/Services

Sector

Companies on the Energy Service

Fiscal Year-end

12/2020

Revenue

$2.47B

Net Income

$-425.70M

Employees

5,800

/news/pressrelease/company/us/pten

Press Releases on PTEN

  1. Patterson-UTI Reports Drilling Activity for June 2020

    6:00 a.m. July 7, 2020

    - PR Newswire - PRF

  2. Wednesday's ETF Movers: CQQQ, OIH

    12:01 p.m. June 17, 2020

    - MarketNewsVideo.com

  3. Thursday's ETF Movers: OIH, SKYY

    12:15 p.m. June 4, 2020

    - MarketNewsVideo.com

  4. Patterson-UTI Reports Drilling Activity for May 2020

    6:00 a.m. June 3, 2020

    - PR Newswire - PRF

  5. Patterson-UTI Reports Drilling Activity for April 2020

    6:00 a.m. May 5, 2020

    - PR Newswire - PRF

  6. Wednesday's ETF with Unusual Volume: PXJ

    12:09 p.m. April 29, 2020

    - MarketNewsVideo.com

  7. Patterson-UTI Adopts a Limited Duration Shareholder Rights Agreement

    6:00 a.m. April 23, 2020

    - PR Newswire - PRF

  8. Patterson-UTI Reports Drilling Activity for March 2020

    6:00 a.m. April 3, 2020

    - PR Newswire - PRF

  9. Loading more headlines...
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