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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
CEO
William Andrew Hendricks
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PATTERSON ENERGY INC
SEC CIK
IRS number
752504748

PTEN stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 May 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 214.14M 214.14M 214.14M 214.14M 214.14M 214.14M
Cash burn (monthly) 3.59M (positive/no burn) 42.46M 46.13M (positive/no burn) (positive/no burn)
Cash used (since last report) 8.82M n/a 104.31M 113.32M n/a n/a
Cash remaining 205.32M n/a 109.83M 100.83M n/a n/a
Runway (months of cash) 57.2 n/a 2.6 2.2 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Apr 21 William Andrew Hendricks JR Common Stock, $.01 par value per share Payment of exercise Dispose F No No 6.37 84,131 535.91K 2,091,319
27 Apr 21 William Andrew Hendricks JR Common Stock, $.01 par value per share Grant Aquire A No No 0 213,800 0 2,175,450
27 Apr 21 William Andrew Hendricks JR Common Stock, $.01 par value per share Grant Aquire A No No 0 356,000 0 1,961,650
27 Apr 21 Smith Charles Andrew Common Stock, $.01 par value per share Payment of exercise Dispose F No No 6.37 11,153 71.04K 465,525
27 Apr 21 Smith Charles Andrew Common Stock, $.01 par value per share Grant Aquire A No No 0 45,800 0 476,678
27 Apr 21 Smith Charles Andrew Common Stock, $.01 par value per share Grant Aquire A No No 0 134,000 0 430,878
27 Apr 21 Berns Kenneth N Common Stock, $.01 par value per share Payment of exercise Dispose F No No 6.37 32,725 208.46K 1,091,772
27 Apr 21 Berns Kenneth N Common Stock, $.01 par value per share Grant Aquire A No No 0 79,400 0 1,124,497
27 Apr 21 Berns Kenneth N Common Stock, $.01 par value per share Grant Aquire A No No 0 133,200 0 1,045,097
27 Apr 21 Holcomb James Michael Common Stock, $.01 par value per share Payment of exercise Dispose F No No 6.37 10,033 63.91K 536,356

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

91.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 207 231 -10.4%
Opened positions 16 37 -56.8%
Closed positions 40 30 +33.3%
Increased positions 65 61 +6.6%
Reduced positions 87 98 -11.2%
13F shares
Current Prev Q Change
Total value 1.23B 935.28M +31.3%
Total shares 172.24M 177.72M -3.1%
Total puts 288.2K 58.4K +393.5%
Total calls 129.6K 88.8K +45.9%
Total put/call ratio 2.2 0.7 +238.1%
Largest owners
Shares Value Change
BLK Blackrock 32.94M $234.89M +13.0%
Vanguard 20.97M $149.54M +3.7%
Dimensional Fund Advisors 10.02M $71.42M +2.7%
Fuller & Thaler Asset Management 8.87M $63.23M +16.4%
MCQEF Macquarie 7.67M $54.71M +0.1%
STT State Street 7.55M $53.83M -1.8%
WFC Wells Fargo & Co. 6.59M $46.99M -6.1%
Renaissance Technologies 5.88M $41.94M -30.7%
Kahn Brothers 5.63M $40.14M -2.2%
Van Eck Associates 4.57M $32.58M +15.6%
Largest transactions
Shares Bought/sold Change
Deprince Race & Zollo 3.91M +3.91M NEW
BLK Blackrock 32.94M +3.8M +13.0%
AMP Ameriprise Financial 2.12M -3.02M -58.7%
Renaissance Technologies 5.88M -2.61M -30.7%
Norges Bank 0 -2.44M EXIT
Millennium Management 706.98K -1.87M -72.6%
DB Deutsche Bank AG - Registered Shares 346.1K -1.71M -83.1%
Russell Investments 1.4M +1.38M +5905.4%
Fuller & Thaler Asset Management 8.87M +1.25M +16.4%
Aperio 0 -1M EXIT

Financial report summary

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Management Discussion
  • ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Management Overview and Recent Developments in Market Conditions — We are a Houston, Texas-based oilfield services company that primarily owns and operates one of the largest fleets of land-based drilling rigs in the United States and a large fleet of pressure pumping equipment.
  • Our contract drilling business operates in the continental United States and, from time to time, we pursue contract drilling opportunities in other select markets. Our pressure pumping business operates primarily in Texas and the Appalachian region. We also provide a comprehensive suite of directional drilling services in most major producing onshore oil and gas basins in the United States, and we provide services that improve the statistical accuracy of horizontal wellbore placement. We have other operations through which we provide oilfield rental tools in select markets in the United States. We also service equipment for drilling contractors, and we provide electrical controls and automation to the energy, marine and mining industries, in North America and other select markets. In addition, we own and invest, as a non-operating working interest owner, in oil and natural gas assets that are primarily located in Texas and New Mexico.
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