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Patterson-UTI Energy, Inc. (PTEN)
10.43  -0.01 (-0.1%)    07-26 16:00
Open: 10.41
High: 10.57
Volume: 10,355,502
  
Pre. Close: 10.44
Low: 10.145
Market Cap: 4,190(M)
Technical analysis
2024-07-26 4:46:39 PM
Short term     
Mid term     
Targets 6-month :  13.16 1-year :  15.37
Resists First :  11.27 Second :  13.16
Pivot price 10.29
Supports First :  10.18 Second :  9.51
MAs MA(5) :  10.23 MA(20) :  10.24
MA(100) :  10.97 MA(250) :  11.92
MACD MACD :  0 Signal :  -0.1
%K %D K(14,3) :  42.9 D(3) :  38.4
RSI RSI(14): 52.1
52-week High :  16.18 Low :  9.51
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ PTEN ] has closed below upper band by 40.7%. Bollinger Bands are 33.7% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 10.6 - 10.66 10.66 - 10.71
Low: 9.97 - 10.05 10.05 - 10.11
Close: 10.31 - 10.43 10.43 - 10.53
Company Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and 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.

Headline News

Fri, 26 Jul 2024
Patterson-UTI: Q2 Earnings Snapshot - San Antonio Express-News

Thu, 25 Jul 2024
Patterson-UTI: Q2 Earnings Snapshot - Houston Chronicle

Thu, 25 Jul 2024
Q2 2024 Patterson-UTI Energy Inc Earnings Call Transcript - GuruFocus.com

Thu, 25 Jul 2024
Patterson-UTI Energy, Inc. (PTEN) Q2 2024 Earnings Call Transcript - Seeking Alpha

Thu, 25 Jul 2024
Patterson-UTI: Q2 Earnings Snapshot - CTPost

Thu, 25 Jul 2024
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Given Consensus Rating of “Moderate Buy” by Analysts - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Energy
Industry:
Oil & Gas Drilling
Shares Out 402 (M)
Shares Float 365 (M)
Held by Insiders 2.4 (%)
Held by Institutions 98.7 (%)
Shares Short 30,620 (K)
Shares Short P.Month 23,900 (K)
Stock Financials
EPS 0.54
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 11.75
Profit Margin 4 %
Operating Margin 6.5 %
Return on Assets (ttm) 5.1 %
Return on Equity (ttm) 6.1 %
Qtrly Rev. Growth 90.8 %
Gross Profit (p.s.) 0
Sales Per Share 12.12
EBITDA (p.s.) 3.23
Qtrly Earnings Growth -72.7 %
Operating Cash Flow 1,140 (M)
Levered Free Cash Flow 260 (M)
Stock Valuations
PE Ratio 19.31
PEG Ratio 0.5
Price to Book value 0.88
Price to Sales 0.86
Price to Cash Flow 3.67
Stock Dividends
Dividend 0.07
Forward Dividend 0
Dividend Yield 0.7%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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