Stock PTEN PATTERSON-UTI ENERGY, INC.
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Financials Patterson-UTI Energy, Inc.

Equities

PTEN

US7034811015

Oil & Gas Drilling

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
11.25 USD -0.09% Intraday chart for Patterson-UTI Energy, Inc. -2.26% +4.17%
Apr. 18 Morgan Stanley Cuts Price Target on Patterson-UTI Energy to $15 From $17, Keeps Equalweight Rating MT
Apr. 03 Patterson-UTI Energy Reports 120 Drilling Rigs Operating in March MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,041 986.2 1,818 3,651 4,507 4,537 - -
Enterprise Value (EV) 1 2,834 1,663 2,552 4,345 5,539 5,351 5,040 4,510
P/E ratio -5 x -1.23 x -2.51 x 24.1 x 12.3 x 17.9 x 11.1 x 10.1 x
Yield 1.52% 1.9% 0.95% 1.19% 2.96% 2.85% 3.02% 3.67%
Capitalization / Revenue 0.83 x 0.88 x 1.34 x 1.38 x 1.09 x 0.74 x 0.69 x 0.67 x
EV / Revenue 1.15 x 1.48 x 1.88 x 1.64 x 1.34 x 0.87 x 0.76 x 0.67 x
EV / EBITDA 4.66 x 9.53 x 14.9 x 6.28 x 4.68 x 3.55 x 2.99 x 2.56 x
EV / FCF 8.13 x 12.5 x -35.7 x 33.6 x 14.2 x 8.31 x 6.79 x 5.34 x
FCF Yield 12.3% 8.02% -2.8% 2.98% 7.05% 12% 14.7% 18.7%
Price to Book 0.71 x 0.49 x 1.13 x 2.16 x 0.92 x 0.95 x 0.9 x 0.79 x
Nbr of stocks (in thousands) 194,426 187,494 215,112 216,822 417,283 403,252 - -
Reference price 2 10.50 5.260 8.450 16.84 10.80 11.25 11.25 11.25
Announcement Date 2/6/20 2/4/21 2/10/22 2/8/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,471 1,124 1,357 2,648 4,146 6,159 6,608 6,758
EBITDA 1 608.3 174.5 171.2 691.7 1,183 1,507 1,688 1,763
EBIT 1 -427.5 -892.3 -678 213.1 450 415.9 617.3 788.4
Operating Margin -17.3% -79.36% -49.96% 8.05% 10.85% 6.75% 9.34% 11.67%
Earnings before Tax (EBT) 1 -530.4 -931 -719.8 167.9 307.1 351.5 575.3 674.4
Net income 1 -425.7 -803.7 -654.5 154.7 246.3 263.3 405.4 387
Net margin -17.23% -71.49% -48.23% 5.84% 5.94% 4.27% 6.14% 5.73%
EPS 2 -2.100 -4.270 -3.360 0.7000 0.8800 0.6281 1.016 1.110
Free Cash Flow 1 348.7 133.4 -71.59 129.4 390.2 643.7 742.8 844.4
FCF margin 14.11% 11.86% -5.28% 4.89% 9.41% 10.45% 11.24% 12.5%
FCF Conversion (EBITDA) 57.32% 76.45% - 18.71% 32.98% 42.71% 44% 47.89%
FCF Conversion (Net income) - - - 83.66% 158.44% 244.51% 183.2% 218.19%
Dividend per Share 2 0.1600 0.1000 0.0800 0.2000 0.3200 0.3211 0.3396 0.4125
Announcement Date 2/6/20 2/4/21 2/10/22 2/8/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 357.9 466.5 509.4 622.2 727.5 788.5 791.8 758.9 1,011 1,584 1,515 1,533 1,570 1,552 1,608
EBITDA 1 51.07 49.28 99.64 155.9 196.7 239.5 255.6 233.7 276.9 409.1 365.3 368.6 388.3 381.6 401
EBIT 1 -90 -361.9 -17.02 36.94 76.37 116.8 126 112.5 79.89 131.7 85.93 96.42 116.9 116.3 132.9
Operating Margin -25.15% -77.58% -3.34% 5.94% 10.5% 14.81% 15.91% 14.83% 7.9% 8.31% 5.67% 6.29% 7.44% 7.49% 8.26%
Earnings before Tax (EBT) 1 -100.6 -372.5 -27.85 23.67 63.65 108.4 119.9 98.38 -4.408 93.27 69.72 81.7 102.9 98.97 132
Net income 1 -83 -361.8 -28.78 21.89 61.45 100.1 99.68 84.61 0.05 61.95 53.67 60.93 75.42 71.77 95
Net margin -23.19% -77.56% -5.65% 3.52% 8.45% 12.69% 12.59% 11.15% 0% 3.91% 3.54% 3.98% 4.8% 4.62% 5.91%
EPS 2 -0.4400 -1.680 -0.1300 0.1000 0.2800 0.4500 0.4600 0.4000 - 0.1500 0.1289 0.1454 0.1809 0.1726 0.1880
Dividend per Share 2 0.0200 0.0200 0.0400 0.0400 0.0400 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.0800 0.1200
Announcement Date 10/28/21 2/10/22 4/27/22 7/28/22 10/26/22 2/8/23 5/1/23 7/26/23 11/8/23 2/14/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 792 677 735 693 1,032 815 503 -
Net Cash position 1 - - - - - - - 26.3
Leverage (Debt/EBITDA) 1.303 x 3.878 x 4.293 x 1.002 x 0.8723 x 0.5406 x 0.2982 x -
Free Cash Flow 1 349 133 -71.6 129 390 644 743 844
ROE (net income / shareholders' equity) -6.42% -16.9% -20.6% 9.56% - 5.36% 8.34% 10.4%
ROA (Net income/ Total Assets) -4.11% -10.6% -11.9% 5.13% - 3.31% 4.29% 4.8%
Assets 1 10,358 7,609 5,489 3,014 - 7,944 9,451 8,062
Book Value Per Share 2 14.80 10.70 7.480 7.800 11.70 11.80 12.40 14.30
Cash Flow per Share 2 3.430 1.480 0.4900 2.580 3.590 3.300 3.840 3.610
Capex 1 348 145 167 437 616 746 762 756
Capex / Sales 14.07% 12.94% 12.31% 16.5% 14.85% 12.11% 11.52% 11.19%
Announcement Date 2/6/20 2/4/21 2/10/22 2/8/23 2/14/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Patterson-UTI Energy, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
11.25 USD
Average target price
15.94 USD
Spread / Average Target
+41.73%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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