Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

About the company

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.

Sector

Industrial Services

Industry

Contract Drilling

Employees

5800

$2B

Total Revenue

6K

Employees

$671.22M

Market Capitalization

-0.80

Price/Earning ratio

Stock price

Gross Margin (in %)

Total gross margin

$-374M

Operating Margin (in %)

Total operating margin

$-526M

Net Margin (in %)

Total net margin

$-832M

Dividend Yield (in %)

Dividend per share

$0.16

Industry peers

Name Ticker Market capitalization (in USD Million) Revenues (in USD Million) Price/Book Price/Earning Net margin (in %)
Helmerich & Payne, Inc. HP 2036.12 2585.00 0.58 -4.00 -19.61
Transocean Ltd. RIG 1164.70 3093.00 0.11 -0.79 -47.72
Patterson-UTI Energy, Inc. PTEN 671.22 2212.00 0.27 -0.80 -37.60
Nabors Industries Ltd. NBR 209.09 2962.00 0.14 -0.21 -33.52
Diamond Offshore Drilling, Inc. DO 129.50 976.00 0.00 -0.11 -117.37
Valaris Plc VAL 117.00 2104.00 0.02 -0.04 -143.25
Noble Corp. Plc NE 72.21 1304.00 0.03 -0.04 -129.80
Pacific Drilling SA PACD 32.25 253.00 0.03 -0.06 -210.60
Quintana Energy Services, Inc. QES 28.97 435.00 0.26 -0.33 -20.05
Independence Contract Drilling, Inc. ICD 11.84 182.00 0.04 -0.13 -47.67

Latest insider transactions

Date Role Name Transaction Quantity Quantity Owned After

Patterson-UTI Reports Drilling Activity for June 2020

4d ago, source: PR Newswire

PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2020, the Company had an average of 65 drilling ...

Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast

9d ago, source: Stockhouse

HOUSTON, July 2, 2020 /PRNewswire/ --PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 23, 2020, at 9:00 a.m. Central Time to discuss results for the three and ...

Shale pioneer Chesapeake Energy files for bankruptcy in Houston with billions in debt

11d ago, source: The Business Journals

Oklahoma City-based Chesapeake Energy Inc. (NYSE: CHK) and 40 affiliates filed for Chapter 11 bankruptcy protection June 28.

Oil Prices Extending Yesterday's Weakness Amid Covid Uptick

3d ago, source: Nasdaq

Energy stocks are lower amid weakness in the broader benchmarks as well as oil prices as investors used concerns about rising ...

Chesapeake Energy's bankruptcy delivers hit to reeling pipeline, service firms

12d ago, source: Reuters

Consolidated Edison Inc (ED.N) earlier this month asked ... to “maximize the value” of Chesapeake’s assets. Patterson-UTI Energy, the driller that acquired a former Chesapeake unit, said ...

Patterson-UTI Reports Drilling Activity for June 2020

4d ago, source: Business Insider

Disclaimer | Commerce Policy | Made In NYC | Stock quotes by finanzen.net HOUSTON, July 7, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of ...

Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast

9d ago, source: WFMZ-TV

HOUSTON, July 2, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 23, 2020, at 9:00 a.m. Central Time to discuss results for the three ...



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