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Last $15.02 USD
Change Today -0.65 / -4.15%
Volume 610.7K
PTEN On Other Exchanges
Symbol
Exchange
Berlin
As of 10:15 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

patterson-uti energy inc (PTEN) Snapshot

Open
$15.34
Previous Close
$15.67
Day High
$15.49
Day Low
$14.80
52 Week High
09/3/14 - $34.79
52 Week Low
08/26/15 - $12.98
Market Cap
2.2B
Average Volume 10 Days
6.6M
EPS TTM
$1.26
Shares Outstanding
147.2M
EX-Date
09/8/15
P/E TM
12.0x
Dividend
$0.40
Dividend Yield
2.55%
Current Stock Chart for PATTERSON-UTI ENERGY INC (PTEN)

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patterson-uti energy inc (PTEN) Details

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Contract Drilling segment markets its contract drilling services primarily in Texas, New Mexico, Louisiana, Oklahoma, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, Ohio, West Virginia, and western and northern Canada. As of December 31, 2014, this segment had a drilling fleet of 239 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic and nitrogen fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

7,900 Employees
Last Reported Date: 02/12/15
Founded in 1978

patterson-uti energy inc (PTEN) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $600.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $350.0K
President of UTI Drilling Company LLC
Total Annual Compensation: $325.0K
Senior Vice President, Director and Member of...
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2014.

patterson-uti energy inc (PTEN) Key Developments

Patterson-UTI Energy Inc. Declares Quarterly Dividend, Payable on September 24, 2015

Patterson-UTI Energy Inc. declared a quarterly dividend on its common stock of $0.10 per share, to be paid on September 24, 2015 to holders of record as of September 10, 2015.

Patterson-Uti Energy Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Non-Cash Impairment Charge for the Second Quarter Ended June 30, 2015; Provides Financial Guidance for the Third Quarter and Full Year 2015

Patterson-UTI Energy Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported a net loss of $19.0 million, or $0.13 per share compared to net income of $54.3 million, or $0.37 per share, for the quarter ended June 30, 2014. Revenues were $473 million, compared to $757 million for the second quarter of 2014. Operating loss was at $24.764 million against operating income of $87.226 million reported last year. Loss before income taxes was $33.695 million against income before income taxes of $80.188 million reported last year. Total capital expenditures and acquisitions were at $222.167 million against $317.666 million last year. Adjusted EBITDA was $157.160 million as against $240.655 million reported last year. For the six months ended June 30, 2015, the company reported a net loss of $9.9 million, or $0.07 per share, compared to net income of $89.1 million, or $0.61 per share, for the six months ended June 30, 2014. Revenues were $1.1 billion, compared to $1.4 billion for the same period in 2014. Operating loss was $0.661 million against operating income of $146.002 million reported last year. Loss before income taxes was $17.850 million against income before income taxes of $131.950 million reported last year. Total capital expenditures and acquisitions were at $436.633 million against $488.038 million last year. Adjusted EBITDA was $356.645 million as against $446.753 million reported last year. For the quarter ended June 30, 2015 the company reported a pretax non-cash impairment charge of $4.1 million related to the impairment of certain oil and natural gas properties. Total CapEx for 2015 is projected to be $710 million. The company currently projects effective tax rate to be approximately 39% in 2015. Depreciation expense during the third quarter is expected to be $181 million.

Patterson-UTI Energy Inc. Reports Drilling Activity for the Month of June 2015

Patterson-UTI Energy Inc. reported drilling activity for the month of June 2015. For the month, the company had an average of 122 drilling rigs operating in the United States and two rigs in Canada.

 

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Industry Analysis

PTEN

Industry Average

Valuation PTEN Industry Range
Price/Earnings 36.1x
Price/Sales 0.8x
Price/Book 0.8x
Price/Cash Flow 3.0x
TEV/Sales 0.5x
 | 

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