Patterson-UTI Energy Inc's fundamentals are relatively healthy, and its growth potential is significant.Its valuation is considered fairly valued, ranking 54/101 in the Oil & Gas Related Equipment and Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 7.25.In the medium term, the stock price is expected to trend up.Despite a good stock market performance and strong technicals over the past month, the fundamentals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Patterson-UTI Energy Inc's Score
Industry at a Glance
Industry Ranking
54 / 101
Overall Ranking
201 / 4582
Industry
Oil & Gas Related Equipment and Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
16
analysts
Buy
Current Rating
7.250
Target Price
+15.63%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Patterson-UTI Energy Inc Highlights
StrengthsRisks
Patterson-UTI Energy, Inc. is a provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services. Its Drilling Services segment provides a comprehensive suite of directional drilling services in major producing onshore oil and natural gas basins in the United States, and it provides services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. Its Completion Services segment consists of a well completion business consists of services for hydraulic fracturing, wireline and pumping, completion support, and cementing. Its Drilling Products segment engages in the manufacturing and distribution of drill bits throughout North America. The Company's drilling equipment is used in oil and natural gas exploration and production and in mining operations.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 103.12% year-on-year.
Turnaround to Loss
The company's performance has turned to a loss, with the latest annual loss of USD .
Undervalued
The company’s latest PB is 0.68, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 420.49M shares, decreasing 10.31% quarter-over-quarter.
Patterson-UTI Energy, Inc. is a provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services. Its Drilling Services segment provides a comprehensive suite of directional drilling services in major producing onshore oil and natural gas basins in the United States, and it provides services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. Its Completion Services segment consists of a well completion business consists of services for hydraulic fracturing, wireline and pumping, completion support, and cementing. Its Drilling Products segment engages in the manufacturing and distribution of drill bits throughout North America. The Company's drilling equipment is used in oil and natural gas exploration and production and in mining operations.
Ticker SymbolPTEN
CompanyPatterson-UTI Energy Inc
CEOHendricks (William Andrew)
Websitehttps://patenergy.com/
FAQs
What is the current price of Patterson-UTI Energy Inc (PTEN)?
The current price of Patterson-UTI Energy Inc (PTEN) is 5.995.
What is the symbol of Patterson-UTI Energy Inc?
The ticker symbol of Patterson-UTI Energy Inc is PTEN.
What is the 52-week high of Patterson-UTI Energy Inc?
The 52-week high of Patterson-UTI Energy Inc is 9.575.
What is the 52-week low of Patterson-UTI Energy Inc?
The 52-week low of Patterson-UTI Energy Inc is 5.100.
What is the market capitalization of Patterson-UTI Energy Inc?
The market capitalization of Patterson-UTI Energy Inc is 2.27B.
What is the net income of Patterson-UTI Energy Inc?
The net income of Patterson-UTI Energy Inc is -968.03M.
Is Patterson-UTI Energy Inc (PTEN) currently rated as Buy, Hold, or Sell?
According to analysts, Patterson-UTI Energy Inc (PTEN) has an overall rating of Buy, with a price target of 7.250.
What is the Earnings Per Share (EPS TTM) of Patterson-UTI Energy Inc (PTEN)?
The Earnings Per Share (EPS TTM) of Patterson-UTI Energy Inc (PTEN) is -0.365.