PTEN Patterson-UTI Energy

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.
Company profile
Ticker
PTEN
Exchange
Website
CEO
William Andrew Hendricks
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PATTERSON ENERGY INC
SEC CIK
Corporate docs
IRS number
752504748
PTEN stock data
()
Press releases
Patterson-UTI Reports Drilling Activity for March 2021
6 Apr 21
Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
30 Mar 21
Patterson-UTI Publishes Corporate Sustainability Report
25 Mar 21
Patterson-UTI Reports Drilling Activity for February 2021
3 Mar 21
Patterson-UTI Energy, Inc. to Host Earnings Call
4 Feb 21
Investment data
Securities sold
Number of investors
Calendar
9 Feb 21
11 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 224.92M | 224.92M | 224.92M | 224.92M | 224.92M | 224.92M |
Cash burn (monthly) | 26.28M | (positive/no burn) | 43.79M | 77.58M | 1.48M | (positive/no burn) |
Cash used (since last report) | 88.68M | n/a | 147.79M | 261.85M | 4.98M | n/a |
Cash remaining | 136.24M | n/a | 77.12M | -36.93M | 219.93M | n/a |
Runway (months of cash) | 5.2 | n/a | 1.8 | -0.5 | 149.0 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Apr 21 | William Andrew Hendricks JR | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 6.97 | 44,076 | 307.21K | 1,605,650 |
7 Apr 21 | Smith Charles Andrew | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 6.97 | 8,539 | 59.52K | 296,878 |
7 Apr 21 | Wexler Seth David | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 6.97 | 9,733 | 67.84K | 344,376 |
7 Apr 21 | Holcomb James Michael | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 6.97 | 6,023 | 41.98K | 437,906 |
1 Jan 21 | Cepak Tiffany Thom | Common Stock, $.01 par value per share | Grant | Aquire A | No | No | 0 | 21,875 | 0 | 90,980 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
94.7% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 231 |
Opened positions | 37 |
Closed positions | 30 |
Increased positions | 61 |
Reduced positions | 98 |
13F shares |
Current |
---|---|
Total value | 940.53M |
Total shares | 177.72M |
Total puts | 58.4K |
Total calls | 88.8K |
Total put/call ratio | 0.7 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 29.14M | $153.29M |
Vanguard | 20.22M | $106.35M |
Dimensional Fund Advisors | 9.76M | $51.32M |
Renaissance Technologies | 8.49M | $44.68M |
STT State Street | 7.68M | $40.42M |
MCQEF Macquarie | 7.67M | $40.32M |
Fuller & Thaler Asset Management | 7.62M | $40.08M |
WFC Wells Fargo & Co. | 7.02M | $36.9M |
Kahn Brothers | 5.76M | $30.29M |
AMP Ameriprise Financial | 5.14M | $27.04M |
Financial report summary
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Readability |
H.S. sophomore Avg
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New words:
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Removed:
absorption, accruing, actively, aforementioned, Alberta, arose, aware, bad, began, British, caption, Chesapeake, CHK, Columbia, condensed, Conference, County, creation, derived, doubtful, efficient, emergence, enforcement, exchanged, extraction, fluctuated, formed, impractical, informed, knowledge, liable, member, merged, MidCap, Middle, modestly, municipal, NOL, observable, offer, organizational, originated, Pittsburg, positive, preclude, predicted, preliminary, prevented, problematic, projection, provincial, pursuing, Pyramid, quantify, reincorporated, rented, rolling, sharing, South, spring, SSE, standing, straight, surface, surviving, tangible, thaw, translated, tubing, tubular, unallocated, undergo, undergone, underwent, wholly
Financial reports
10-K
2020 FY
Annual report
9 Feb 21
10-Q
2020 Q3
Quarterly report
27 Oct 20
10-Q
2020 Q2
Quarterly report
28 Jul 20
10-Q
2020 Q1
Quarterly report
28 Apr 20
10-K/A
2019 FY
Annual report (amended)
14 Feb 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
29 Jul 19
10-Q
2019 Q1
Quarterly report
29 Apr 19
10-K
2018 FY
Annual report
13 Feb 19
Current reports
8-K
Results of Operations and Financial Condition
4 Feb 21
8-K
Results of Operations and Financial Condition
22 Oct 20
8-K
Regulation FD Disclosure
8 Sep 20
8-K
Entry into a Material Definitive Agreement
23 Jul 20
8-K
Departure of Directors or Certain Officers
4 Jun 20
8-K
Departure of Directors or Certain Officers
12 May 20
8-K
Patterson-UTI Adopts a Limited Duration Shareholder Rights Agreement
23 Apr 20
8-K
Results of Operations and Financial Condition
23 Apr 20
8-K
Departure of Directors or Certain Officers
9 Apr 20
8-K
Patterson-UTI Addresses Current Market Conditions and Provides Operational Update
2 Apr 20
Registration and prospectus
8-A12B/A
Registration of securities on exchange (amended)
23 Jul 20
8-A12B
Registration of securities on exchange
23 Apr 20
424B5
Prospectus supplement for primary offering
12 Nov 19
FWP
Free writing prospectus
7 Nov 19
424B2
Prospectus for primary offering
7 Nov 19
S-3ASR
Automatic shelf registration
7 Nov 19
S-8
Registration of securities for employees
6 Jun 19
D
$2.67M in equity, sold $2.67M, 1 investor
2 Nov 18
424B3
Prospectus supplement
9 Aug 18
S-4
Registration of securities issued in business combination transactions
31 Jul 18
Proxies
DEFA14A
Additional proxy soliciting materials
10 Apr 20
DEF 14A
Definitive proxy
10 Apr 20
DEFA14A
Additional proxy soliciting materials
9 May 19
DEFA14A
Additional proxy soliciting materials
12 Apr 19
DEF 14A
Definitive proxy
12 Apr 19
DEF 14A
Definitive proxy
23 Apr 18
DEFA14A
Additional proxy soliciting materials
23 Apr 18
PRE 14A
Preliminary proxy
12 Apr 18
DEF 14A
Definitive proxy
17 May 17
DEFA14A
Additional proxy soliciting materials
17 May 17
Other
SD
Conflict minerals disclosure
31 May 19
EFFECT
Notice of effectiveness
10 Aug 18
CORRESP
Correspondence with SEC
6 Aug 18
UPLOAD
Letter from SEC
5 Aug 18
CORRESP
Correspondence with SEC
30 Jul 18
CORRESP
Correspondence with SEC
21 Mar 17
EFFECT
Notice of effectiveness
21 Mar 17
CORRESP
Correspondence with SEC
20 Mar 17
CORRESP
Correspondence with SEC
12 Mar 17
UPLOAD
Letter from SEC
5 Mar 17
Ownership
4
PATTERSON UTI ENERGY / James Michael Holcomb ownership change
8 Apr 21
4
PATTERSON UTI ENERGY / Seth David Wexler ownership change
8 Apr 21
4
PATTERSON UTI ENERGY / Charles Andrew Smith ownership change
8 Apr 21
4
PATTERSON UTI ENERGY / William Andrew Hendricks JR ownership change
8 Apr 21
SC 13G/A
PATTERSON UTI ENERGY / DIMENSIONAL FUND ADVISORS ownership change
15 Feb 21
SC 13G/A
PATTERSON UTI ENERGY / MASSACHUSETTS FINANCIAL SERVICES ownership change
11 Feb 21
SC 13G/A
PATTERSON UTI ENERGY / RENAISSANCE TECHNOLOGIES ownership change
10 Feb 21
SC 13G/A
PATTERSON UTI ENERGY / VANGUARD ownership change
10 Feb 21
SC 13G/A
PATTERSON UTI ENERGY / BlackRock ownership change
25 Jan 21
4
PATTERSON UTI ENERGY / Janeen S Judah ownership change
4 Jan 21
Transcripts
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
6 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
25 Jul 19
2019 Q1
Earnings call transcript
25 Apr 19
2018 Q4
Earnings call transcript
7 Feb 19
2018 Q3
Earnings call transcript
25 Oct 18
Reddit threads
Daily Discussion Thread - March 3rd, 2021
3 Mar 21
Daily Discussion Thread - March 2nd, 2021
2 Mar 21
Daily Discussion Thread - March 1st, 2021
1 Mar 21
Daily Discussion Thread - February 4th, 2021
4 Feb 21
Daily Discussion Thread - December 2nd, 2020
2 Dec 20
Daily Discussion Thread - December 1st, 2020
1 Dec 20
Daily Discussion Thread - November 30th, 2020
30 Nov 20