PTEN Patterson-UTI Energy Dashboard

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

NASDAQ

Website

www.patenergy.com

CEO

William Andrew Hendricks

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Drilling Oil and Gas Wells

Industry (SIC)

Drilling Oil & Gas Wells

Transocean • Seadrill • Noble Holding • Valaris • Diamond Offshore Drilling • Helmerich & Payne • Vantage Drilling International • Borr Drilling • Nabors Industries • Pacific Drilling ...

Former names

PATTERSON ENERGY INC

SEC CIK

0000889900

Corporate docs

Articles of Incorporation & Bylaws

IRS number

752504748

PTEN stock data

S&P 500

1M 1Y 2Y 5Y

News

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Morgan Stanley Maintains Equal-Weight on Patterson-UTI Energy, Raises Price Target to $7.5

25 Mar 21

Morgan Stanley analyst Connor Lynagh maintains Patterson-UTI Energy (NASDAQ:PTEN) with a Equal-Weight and raises the price target from $5.5 to $7.5.

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Press releases

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Patterson-UTI Reports Drilling Activity for March 2021

6 Apr 21

HOUSTON, April 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2021, the Company had an average of 70 drilling rigs operating. For the three months ended March

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

30 Mar 21

HOUSTON, March 30, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, April 29, 2021, at 9:00 a.m. Central Time to discuss results for the first quarter ending March

Patterson-UTI Publishes Corporate Sustainability Report

25 Mar 21

HOUSTON, March 25, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN), a leading provider of contract drilling, pressure pumping and other oilfield services, announced that it has released its sustainability

Patterson-UTI Reports Drilling Activity for February 2021

3 Mar 21

Patterson-UTI Energy, Inc. to Host Earnings Call

4 Feb 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

9 Feb 21

11 Apr 21

31 Dec 21

Financial summary

Financial statements Chart PTEN financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

Recent insider trades

PTEN insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

PTEN institutional ownership history Ownership history

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	Prev Q	Change
Total holders	231	224	+3.1%
Opened positions	37	28	+32.1%
Closed positions	30	38	-21.1%
Increased positions	61	63	-3.2%
Reduced positions	98	86	+14.0%

13F shares	Current	Prev Q	Change
Total value	940.53M	504.97M	+86.3%
Total shares	177.72M	177.16M	+0.3%
Total puts	58.4K	39.1K	+49.4%
Total calls	88.8K	4.71M	-98.1%
Total put/call ratio	0.7	0.0	+7818.1%

Largest owners	Shares	Value	Change
BLK Blackrock	29.14M	$153.29M	+4.2%
Vanguard	20.22M	$106.35M	+23.2%
Dimensional Fund Advisors	9.76M	$51.32M	-19.4%
Renaissance Technologies	8.49M	$44.68M	-12.7%
STT State Street	7.68M	$40.42M	+0.2%
MCQEF Macquarie	7.67M	$40.32M	+16.5%
Fuller & Thaler Asset Management	7.62M	$40.08M	-3.1%
WFC Wells Fargo & Co.	7.02M	$36.9M	+1.4%
Kahn Brothers	5.76M	$30.29M	-15.1%
AMP Ameriprise Financial	5.14M	$27.04M	+22.2%

Largest transactions	Shares	Bought/sold	Change
Massachusetts Financial Services	0	-4.25M	EXIT
Vanguard	20.22M	+3.81M	+23.2%
Norges Bank	2.44M	+2.44M	NEW
Dimensional Fund Advisors	9.76M	-2.35M	-19.4%
DB Deutsche Bank AG - Registered Shares	2.05M	+1.9M	+1242.7%
JPM JPMorgan Chase & Co.	2.05M	+1.4M	+214.7%
Renaissance Technologies	8.49M	-1.23M	-12.7%
Aqr Capital Management	255.45K	-1.23M	-82.8%
BLK Blackrock	29.14M	+1.17M	+4.2%
MCQEF Macquarie	7.67M	+1.08M	+16.5%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Pioneer Energy Services • RPC • FTS International • U.S. Well Services • NexTier Oilfield Solutions • Liberty Oilfield Services

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-K 2020 FY