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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.06
PTEN's Cash-to-Debt is ranked lower than
86% of the 65 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.36 vs. PTEN: 0.06 )
Ranked among companies with meaningful Cash-to-Debt only.
PTEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.35 Max: No Debt
Current: 0.06
Equity-to-Asset 0.59
PTEN's Equity-to-Asset is ranked higher than
62% of the 61 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.56 vs. PTEN: 0.59 )
Ranked among companies with meaningful Equity-to-Asset only.
PTEN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.54  Med: 0.69 Max: 0.79
Current: 0.59
0.54
0.79
Piotroski F-Score: 3
Altman Z-Score: 2.17
Beneish M-Score: -3.29
WACC vs ROIC
8.63%
-9.65%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating Margin % -49.81
PTEN's Operating Margin % is ranked lower than
81% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -10.15 vs. PTEN: -49.81 )
Ranked among companies with meaningful Operating Margin % only.
PTEN' s Operating Margin % Range Over the Past 10 Years
Min: -49.81  Med: 12.8 Max: 31.7
Current: -49.81
-49.81
31.7
Net Margin % -34.79
PTEN's Net Margin % is ranked lower than
67% of the 64 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -17.51 vs. PTEN: -34.79 )
Ranked among companies with meaningful Net Margin % only.
PTEN' s Net Margin % Range Over the Past 10 Years
Min: -34.79  Med: 7.46 Max: 20.75
Current: -34.79
-34.79
20.75
ROE % -13.19
PTEN's ROE % is ranked lower than
62% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -8.39 vs. PTEN: -13.19 )
Ranked among companies with meaningful ROE % only.
PTEN' s ROE % Range Over the Past 10 Years
Min: -13.25  Med: 6.3 Max: 25.37
Current: -13.19
-13.25
25.37
ROA % -7.64
PTEN's ROA % is ranked lower than
66% of the 67 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -4.91 vs. PTEN: -7.64 )
Ranked among companies with meaningful ROA % only.
PTEN' s ROA % Range Over the Past 10 Years
Min: -7.65  Med: 3.96 Max: 18.83
Current: -7.64
-7.65
18.83
ROC (Joel Greenblatt) % -12.31
PTEN's ROC (Joel Greenblatt) % is ranked lower than
69% of the 65 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -6.00 vs. PTEN: -12.31 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
PTEN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.31  Med: 8.16 Max: 35.34
Current: -12.31
-12.31
35.34
3-Year Revenue Growth Rate -30.50
PTEN's 3-Year Revenue Growth Rate is ranked lower than
76% of the 58 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -19.00 vs. PTEN: -30.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
PTEN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -30.5  Med: 7.3 Max: 51.7
Current: -30.5
-30.5
51.7
3-Year EBITDA Growth Rate -38.80
PTEN's 3-Year EBITDA Growth Rate is ranked lower than
81% of the 47 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -12.30 vs. PTEN: -38.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
PTEN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -40.1  Med: 5.1 Max: 92.9
Current: -38.8
-40.1
92.9
GuruFocus has detected 4 Warning Signs with Patterson-UTI Energy Inc $PTEN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» PTEN's 10-Y Financials

Financials (Next Earnings Date: 2017-04-28)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

PTEN Guru Trades in Q1 2016

Paul Tudor Jones 23,105 sh (New)
Jim Simons 842,938 sh (+299.99%)
Chuck Royce 55,000 sh (+10.00%)
FPA Capital Fund 2,049,380 sh (+2.15%)
First Pacific Advisors 4,230,870 sh (+1.30%)
Mario Gabelli Sold Out
Kahn Brothers 1,067,461 sh (-0.22%)
T Boone Pickens 273,128 sh (-25.52%)
Steven Cohen 181,800 sh (-93.56%)
» More
Q2 2016

PTEN Guru Trades in Q2 2016

Joel Greenblatt 260,792 sh (New)
Caxton Associates 100,000 sh (New)
Steven Cohen 631,000 sh (+247.08%)
Chuck Royce 70,000 sh (+27.27%)
T Boone Pickens 316,189 sh (+15.77%)
Steven Cohen 50,000 sh (unchged)
HOTCHKIS & WILEY 200,000 sh (unchged)
FPA Capital Fund -1,000 sh (unchged)
Paul Tudor Jones Sold Out
Kahn Brothers 1,051,381 sh (-1.51%)
Jim Simons 803,138 sh (-4.72%)
FPA Capital Fund 1,811,720 sh (-11.60%)
First Pacific Advisors 3,616,574 sh (-14.52%)
» More
Q3 2016

PTEN Guru Trades in Q3 2016

Signature Select Canadian Fund 279,300 sh (New)
Pioneer Investments 1,089,494 sh (New)
Keeley Asset Management Corp 44,910 sh (New)
Chuck Royce 262,500 sh (+275.00%)
T Boone Pickens 316,189 sh (unchged)
HOTCHKIS & WILEY 200,000 sh (unchged)
Joel Greenblatt Sold Out
Kahn Brothers 1,044,756 sh (-0.63%)
FPA Capital Fund 1,544,820 sh (-14.73%)
First Pacific Advisors 3,005,667 sh (-16.89%)
Caxton Associates 50,000 sh (-50.00%)
Steven Cohen 200,000 sh (-68.30%)
Jim Simons 13,238 sh (-98.35%)
» More
Q4 2016

PTEN Guru Trades in Q4 2016

Paul Tudor Jones 8,974 sh (New)
Keeley Asset Management Corp 139,670 sh (+211.00%)
Steven Cohen 519,500 sh (+159.75%)
Jim Simons 34,238 sh (+158.63%)
Caxton Associates 100,000 sh (+100.00%)
Chuck Royce 293,000 sh (+11.62%)
Pioneer Investments 1,139,708 sh (+4.61%)
HOTCHKIS & WILEY 200,000 sh (unchged)
Kahn Brothers 980,351 sh (-6.16%)
T Boone Pickens 177,780 sh (-43.77%)
First Pacific Advisors 1,670,853 sh (-44.41%)
FPA Capital Fund 822,558 sh (-46.75%)
» More
» Details

Insider Trades

Latest Guru Trades with PTEN

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Business Description

Industry: Oil & Gas - Drilling » Oil & Gas Drilling    NAICS: 213111    SIC: 1381
Compare: » details
Traded in other countries:PE1.Germany,
Patterson-UTI Energy Inc is a provider of contract services to the oil and natural gas industry. It operates in three segments namely contract drilling services, pressure pumping services, and oil and natural gas exploration and production.

Patterson-UTI Energy is one of the largest North America-based land rig drilling contractors. Its fleet consists of about 315 land rigs, which it markets to independents and small producers. The firm also operates a pressure pumping division and owns a small financial interest in oil and gas exploration and production assets in Texas and New Mexico.

Guru Investment Theses on Patterson-UTI Energy Inc

FPA Capital Fund Comments on Patterson-UTI Energy - Feb 09, 2016

PTEN (NASDAQ:PTEN) is the second largest land-based drilling rig operator after Helmerich & Payne; the company also owns a fleet of pressuring pump equipment to help shale oil & gas companies fracture rocks that contain hydrocarbons. During the current market down turn, the top 10 pressure pumping companies, including PTEN, have increased their aggregate market share from 60% to 75%. PTEN has a strong balance sheet at 1x debt/EBITDA, and it has no public debt outstanding. Despite oil prices being down 70% from mid-2014, PTEN’s consensus free cash flow expectation for 2016 is $0.75 per share. PTEN is trading at less than book value and 3.5x normalized EBITDA, which we believe are attractive valuation characteristics. We added to the position in the most recent quarter.

From FPA Capital Fund (Trades, Portfolio)'s fourth quarter 2015 commentary.

Check out FPA Capital Fund latest stock trades

Top Ranked Articles about Patterson-UTI Energy Inc

FPA Capital Trims Nearly Half of Patterson-UTI Energy Stake Company was nearing its 2-year high in price, and revenue per share and gross margins had been in long-term decline
FPA Capital Fund (Trades, Portfolio), an investment firm that seeks long-term growth through the careful selection of common stocks and select fixed-income securities, slashed its stake in Patterson-UTI Energy Inc. (NASDAQ:PTEN) during the fourth quarter. Read more...

Ratios

vs
industry
vs
history
PB Ratio 1.56
PTEN's PB Ratio is ranked lower than
83% of the 84 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.57 vs. PTEN: 1.56 )
Ranked among companies with meaningful PB Ratio only.
PTEN' s PB Ratio Range Over the Past 10 Years
Min: 0.56  Med: 1.25 Max: 3.9
Current: 1.56
0.56
3.9
PS Ratio 3.78
PTEN's PS Ratio is ranked lower than
85% of the 80 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 9999.00 vs. PTEN: 3.78 )
Ranked among companies with meaningful PS Ratio only.
PTEN' s PS Ratio Range Over the Past 10 Years
Min: 0.65  Med: 1.56 Max: 4.58
Current: 3.78
0.65
4.58
Price-to-Free-Cash-Flow 18.57
PTEN's Price-to-Free-Cash-Flow is ranked lower than
78% of the 51 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 2.99 vs. PTEN: 18.57 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
PTEN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 4.66  Med: 18.1 Max: 2296.25
Current: 18.57
4.66
2296.25
Price-to-Operating-Cash-Flow 11.28
PTEN's Price-to-Operating-Cash-Flow is ranked lower than
82% of the 65 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.33 vs. PTEN: 11.28 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
PTEN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.7  Med: 4.15 Max: 13.74
Current: 11.28
1.7
13.74
EV-to-EBITDA 21.10
PTEN's EV-to-EBITDA is ranked lower than
84% of the 68 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.59 vs. PTEN: 21.10 )
Ranked among companies with meaningful EV-to-EBITDA only.
PTEN' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.4  Med: 4.2 Max: 22.4
Current: 21.1
1.4
22.4
Shiller PE Ratio 26.74
PTEN's Shiller PE Ratio is ranked lower than
88% of the 16 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 8.07 vs. PTEN: 26.74 )
Ranked among companies with meaningful Shiller PE Ratio only.
PTEN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.42  Med: 12.07 Max: 32.63
Current: 26.74
5.42
32.63
Current Ratio 1.07
PTEN's Current Ratio is ranked lower than
75% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.93 vs. PTEN: 1.07 )
Ranked among companies with meaningful Current Ratio only.
PTEN' s Current Ratio Range Over the Past 10 Years
Min: 1.07  Med: 2.14 Max: 3.23
Current: 1.07
1.07
3.23
Quick Ratio 0.99
PTEN's Quick Ratio is ranked lower than
75% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 1.59 vs. PTEN: 0.99 )
Ranked among companies with meaningful Quick Ratio only.
PTEN' s Quick Ratio Range Over the Past 10 Years
Min: 0.99  Med: 2.01 Max: 3.03
Current: 0.99
0.99
3.03
Days Inventory 8.95
PTEN's Days Inventory is ranked higher than
82% of the 45 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 36.47 vs. PTEN: 8.95 )
Ranked among companies with meaningful Days Inventory only.
PTEN' s Days Inventory Range Over the Past 10 Years
Min: 4.61  Med: 6.67 Max: 18.26
Current: 8.95
4.61
18.26
Days Sales Outstanding 59.02
PTEN's Days Sales Outstanding is ranked lower than
53% of the 51 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 56.79 vs. PTEN: 59.02 )
Ranked among companies with meaningful Days Sales Outstanding only.
PTEN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.39  Med: 68.88 Max: 84.12
Current: 59.02
42.39
84.12
Days Payable 70.70
PTEN's Days Payable is ranked higher than
71% of the 41 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 45.16 vs. PTEN: 70.70 )
Ranked among companies with meaningful Days Payable only.
PTEN' s Days Payable Range Over the Past 10 Years
Min: 24.51  Med: 54.77 Max: 70.7
Current: 70.7
24.51
70.7

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.35
PTEN's Dividend Yield % is ranked lower than
87% of the 47 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.24 vs. PTEN: 0.35 )
Ranked among companies with meaningful Dividend Yield % only.
PTEN' s Dividend Yield % Range Over the Past 10 Years
Min: 0.33  Med: 1.28 Max: 6.98
Current: 0.35
0.33
6.98
3-Year Dividend Growth Rate -7.20
PTEN's 3-Year Dividend Growth Rate is ranked higher than
67% of the 27 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -26.30 vs. PTEN: -7.20 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
PTEN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: -23.1 Max: 94.3
Current: -7.2
0
94.3
Forward Dividend Yield % 0.35
PTEN's Forward Dividend Yield % is ranked lower than
96% of the 46 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 4.24 vs. PTEN: 0.35 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.44
PTEN's 5-Year Yield-on-Cost % is ranked lower than
95% of the 88 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 7.62 vs. PTEN: 0.44 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
PTEN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.42  Med: 1.63 Max: 8.87
Current: 0.44
0.42
8.87
3-Year Average Share Buyback Ratio -0.90
PTEN's 3-Year Average Share Buyback Ratio is ranked higher than
62% of the 52 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -3.60 vs. PTEN: -0.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
PTEN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -34.8  Med: -0.3 Max: 3.6
Current: -0.9
-34.8
3.6

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.62
PTEN's Price-to-Tangible-Book is ranked lower than
83% of the 70 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.62 vs. PTEN: 1.62 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
PTEN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.87  Med: 1.76 Max: 4.9
Current: 1.62
0.87
4.9
Price-to-Intrinsic-Value-Projected-FCF 1.59
PTEN's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
83% of the 36 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.63 vs. PTEN: 1.59 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
PTEN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.47  Med: 1.53 Max: 30.54
Current: 1.59
0.47
30.54
Price-to-Median-PS-Value 2.41
PTEN's Price-to-Median-PS-Value is ranked lower than
96% of the 75 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.56 vs. PTEN: 2.41 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
PTEN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.43  Med: 1.08 Max: 2.92
Current: 2.41
0.43
2.92
Earnings Yield (Greenblatt) % -10.18
PTEN's Earnings Yield (Greenblatt) % is ranked lower than
75% of the 88 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 0.14 vs. PTEN: -10.18 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
PTEN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -10.45  Med: 12.9 Max: 45.6
Current: -10.18
-10.45
45.6
Forward Rate of Return (Yacktman) % -21.82
PTEN's Forward Rate of Return (Yacktman) % is ranked lower than
76% of the 33 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: -4.99 vs. PTEN: -21.82 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
PTEN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -22.1  Med: 15.1 Max: 81.3
Current: -21.82
-22.1
81.3

More Statistics

Revenue (TTM) (Mil) $915.9
EPS (TTM) $ -2.17
Beta0.95
Short Percentage of Float14.09%
52-Week Range $16.06 - 29.76
Shares Outstanding (Mil)166.33

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,685 2,424 2,485
EPS ($) -1.16 0.07 1.15
EPS without NRI ($) -1.16 0.07 1.15
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.10 0.10
» More Articles for PTEN

Headlines

Articles On GuruFocus.com
FPA Capital Fund 4th Quarter 2016 Commentary Jan 30 2017 
FPA Capital Trims Nearly Half of Patterson-UTI Energy Stake Jan 27 2017 
Strong Upside to Sustain for Patterson-UTI Energy Jan 18 2017 
Helmerich & Payne's Bullish Momentum to Continue Jan 10 2017 
FPA Capital Fund 3rd Quarter Commentary Oct 13 2016 
FPA Capital Fund sells Apollo Education, Helmerich & Payne Jul 25 2016 
FPA Capital's Largest 1st-Quarter Buys May 04 2016 
Stocks FPA Capital Keeps On Buying Apr 19 2016 
Expect More Upside for Patterson-UTI Energy Mar 08 2016 
FPA Capital Fund Comments on Patterson-UTI Energy Feb 09 2016 

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