Patterson Uti Energy Stock Today
| PTEN Stock | USD 8.46 0.12 1.44% |
Performance0 of 100
| Odds Of DistressLess than 31
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Patterson UTI is selling at 8.46 as of the 28th of November 2024; that is 1.44 percent increase since the beginning of the trading day. The stock's open price was 8.34. Patterson UTI has about a 31 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Note, on November 21, 2024, Representative Debbie Wasserman Schultz of US Congress acquired under $15k worth of Patterson UTI Energy's common stock.
Business Domain Energy | IPO Date 2nd of November 1993 |
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas. The company has 389.96 M outstanding shares of which 27.33 M shares are at this time shorted by private and institutional investors with about 2.94 trading days to cover. More on Patterson UTI Energy
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Patterson Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | William Hendricks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Oil And Gas (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Energy Equipment & Services, Oil & Gas Drilling, Energy, NASDAQ Composite, SP Small-Cap 600, Oil And Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsPatterson UTI can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Patterson UTI's financial leverage. It provides some insight into what part of Patterson UTI's total assets is financed by creditors.
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Patterson UTI Energy (PTEN) is traded on NASDAQ Exchange in USA. It is located in 10713 West Sam Houston Parkway North, Houston, TX, United States, 77064 and employs 10,600 people. Patterson UTI is listed under Energy Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.25 B. Patterson UTI Energy conducts business under Energy Equipment & Services sector and is part of Energy industry. The entity has 389.96 M outstanding shares of which 27.33 M shares are at this time shorted by private and institutional investors with about 2.94 trading days to cover.
Patterson UTI Energy currently holds about 42.73 M in cash with 1.01 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.
Check Patterson UTI Probability Of Bankruptcy
Ownership AllocationThe majority of Patterson UTI Energy outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Patterson UTI Energy to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Patterson UTI. Please pay attention to any change in the institutional holdings of Patterson UTI Energy as this could imply that something significant has changed or is about to change at the company. On November 21, 2024, Representative Debbie Wasserman Schultz of US Congress acquired under $15k worth of Patterson UTI Energy's common stock.
Check Patterson Ownership Details
Patterson Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Van Eck Associates Corporation | 2024-06-30 | 7.1 M | |
| Deprince Race & Zollo Inc | 2024-09-30 | 6.9 M | |
| Allspring Global Investments Holdings, Llc | 2024-06-30 | 6.4 M | |
| 1832 Asset Management L.p | 2024-09-30 | 5.4 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 5.4 M | |
| Fisher Asset Management, Llc | 2024-09-30 | 5.3 M | |
| Principal Financial Group Inc | 2024-09-30 | 5.2 M | |
| Norges Bank | 2024-06-30 | 4.8 M | |
| Amvescap Plc. | 2024-06-30 | 4.8 M | |
| Blackrock Inc | 2024-06-30 | 57.4 M | |
| Vanguard Group Inc | 2024-09-30 | 46.2 M |
Patterson UTI Historical Income Statement
Patterson Stock Against Markets
Patterson UTI Corporate Management
| Seth JD | General VP | Profile | |
| Kenneth CPA | Executive Officer | Profile | |
| James Drickamer | VP Relations | Profile | |
| Michael Sabella | Vice Relations | Profile | |
| Seth Wexler | General Counsel, Secretary | Profile | |
| Matt Pye | Senior Affairs | Profile | |
| Kathryn Roark | Diversity Sustainability | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson UTI. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson UTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 0.32 | Earnings Share (2.20) | Revenue Per Share 14.352 | Quarterly Revenue Growth 0.342 |
The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.