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PATTERSON-UTI ENERGY INC (PTEN) Stock Fundamental Analysis

NASDAQ:PTEN - Nasdaq - US7034811015 - Common Stock - Currency: USD

6.31  -0.04 (-0.63%)

After market: 6.35 +0.04 (+0.63%)

Fundamental Rating

3

Overall PTEN gets a fundamental rating of 3 out of 10. We evaluated PTEN against 63 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of PTEN have multiple concerns. PTEN is valied quite expensively at the moment, while it does show a decent growth rate. PTEN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

PTEN had negative earnings in the past year.
In the past year PTEN had a positive cash flow from operations.
In multiple years PTEN reported negative net income over the last 5 years.
In the past 5 years PTEN always reported a positive cash flow from operatings.
PTEN Yearly Net Income VS EBIT VS OCF VS FCFPTEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

1.2 Ratios

PTEN has a worse Return On Assets (-17.66%) than 90.48% of its industry peers.
PTEN's Return On Equity of -29.71% is on the low side compared to the rest of the industry. PTEN is outperformed by 80.95% of its industry peers.
Industry RankSector Rank
ROA -17.66%
ROE -29.71%
ROIC N/A
ROA(3y)-2.78%
ROA(5y)-10.97%
ROE(3y)-4.51%
ROE(5y)-18.81%
ROIC(3y)N/A
ROIC(5y)N/A
PTEN Yearly ROA, ROE, ROICPTEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30 -40

1.3 Margins

PTEN has a Gross Margin (26.11%) which is comparable to the rest of the industry.
PTEN's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for PTEN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 26.11%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.18%
GM growth 5Y-0.79%
PTEN Yearly Profit, Operating, Gross MarginsPTEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60

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3

2. Health

2.1 Basic Checks

PTEN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for PTEN has been reduced compared to 1 year ago.
Compared to 5 years ago, PTEN has more shares outstanding
PTEN has a worse debt/assets ratio than last year.
PTEN Yearly Shares OutstandingPTEN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
PTEN Yearly Total Debt VS Total AssetsPTEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

PTEN has an Altman-Z score of 1.33. This is a bad value and indicates that PTEN is not financially healthy and even has some risk of bankruptcy.
PTEN's Altman-Z score of 1.33 is on the low side compared to the rest of the industry. PTEN is outperformed by 69.84% of its industry peers.
The Debt to FCF ratio of PTEN is 3.08, which is a good value as it means it would take PTEN, 3.08 years of fcf income to pay off all of its debts.
PTEN has a Debt to FCF ratio of 3.08. This is in the better half of the industry: PTEN outperforms 61.90% of its industry peers.
PTEN has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
PTEN has a Debt to Equity ratio (0.36) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.08
Altman-Z 1.33
ROIC/WACCN/A
WACC7.3%
PTEN Yearly LT Debt VS Equity VS FCFPTEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

PTEN has a Current Ratio of 1.61. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
PTEN has a worse Current ratio (1.61) than 65.08% of its industry peers.
PTEN has a Quick Ratio of 1.40. This is a normal value and indicates that PTEN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.40, PTEN is doing worse than 60.32% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.61
Quick Ratio 1.4
PTEN Yearly Current Assets VS Current LiabilitesPTEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

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4

3. Growth

3.1 Past

The earnings per share for PTEN have decreased strongly by -111.58% in the last year.
PTEN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.82%.
The Revenue has been growing by 16.83% on average over the past years. This is quite good.
EPS 1Y (TTM)-111.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)5.82%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-15.22%

3.2 Future

PTEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 94.44% yearly.
Based on estimates for the next years, PTEN will show a small growth in Revenue. The Revenue will grow by 5.95% on average per year.
EPS Next Y-494.82%
EPS Next 2Y-119.1%
EPS Next 3Y74.4%
EPS Next 5Y94.44%
Revenue Next Year-10.03%
Revenue Next 2Y-5.65%
Revenue Next 3Y-3.65%
Revenue Next 5Y5.95%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PTEN Yearly Revenue VS EstimatesPTEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B
PTEN Yearly EPS VS EstimatesPTEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 1 -1 -2

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3

4. Valuation

4.1 Price/Earnings Ratio

PTEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PTEN. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
PTEN Price Earnings VS Forward Price EarningsPTEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40

4.2 Price Multiples

92.06% of the companies in the same industry are more expensive than PTEN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PTEN indicates a rather cheap valuation: PTEN is cheaper than 88.89% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.02
EV/EBITDA 3.21
PTEN Per share dataPTEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

PTEN's earnings are expected to grow with 74.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-119.1%
EPS Next 3Y74.4%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.44%, PTEN is a good candidate for dividend investing.
PTEN's Dividend Yield is rather good when compared to the industry average which is at 3.70. PTEN pays more dividend than 92.06% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, PTEN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.44%

5.2 History

The dividend of PTEN is nicely growing with an annual growth rate of 14.73%!
PTEN has been paying a dividend for at least 10 years, so it has a reliable track record.
PTEN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)14.73%
Div Incr Years0
Div Non Decr Years3
PTEN Yearly Dividends per sharePTEN Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

PTEN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
PTEN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-12.29%
EPS Next 2Y-119.1%
EPS Next 3Y74.4%
PTEN Yearly Income VS Free CF VS DividendPTEN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M

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PATTERSON-UTI ENERGY INC

NASDAQ:PTEN (7/3/2025, 8:01:59 PM)

After market: 6.35 +0.04 (+0.63%)

6.31

-0.04 (-0.63%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-23 2025-07-23/amc
Inst Owners98.34%
Inst Owner Change0.57%
Ins Owners2.44%
Ins Owner Change6.01%
Market Cap2.44B
Analysts78.18
Price Target8.73 (38.35%)
Short Float %10.83%
Short Ratio2.67
Dividend
Industry RankSector Rank
Dividend Yield 5.44%
Yearly Dividend0.32
Dividend Growth(5Y)14.73%
DP-12.29%
Div Incr Years0
Div Non Decr Years3
Ex-Date06-02 2025-06-02 (0.08)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)38.84%
Min EPS beat(2)-22.31%
Max EPS beat(2)100%
EPS beat(4)1
Avg EPS beat(4)-34.38%
Min EPS beat(4)-135.25%
Max EPS beat(4)100%
EPS beat(8)3
Avg EPS beat(8)-20.36%
EPS beat(12)7
Avg EPS beat(12)23.43%
EPS beat(16)9
Avg EPS beat(16)19.81%
Revenue beat(2)1
Avg Revenue beat(2)-1.37%
Min Revenue beat(2)-8.57%
Max Revenue beat(2)5.83%
Revenue beat(4)2
Avg Revenue beat(4)-2.31%
Min Revenue beat(4)-8.57%
Max Revenue beat(4)5.83%
Revenue beat(8)4
Avg Revenue beat(8)-0.26%
Revenue beat(12)8
Avg Revenue beat(12)1.29%
Revenue beat(16)9
Avg Revenue beat(16)0.98%
PT rev (1m)-6.9%
PT rev (3m)-18.22%
EPS NQ rev (1m)-14.44%
EPS NQ rev (3m)-134.33%
EPS NY rev (1m)-48.16%
EPS NY rev (3m)-243.23%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)1.12%
Revenue NY rev (1m)-0.75%
Revenue NY rev (3m)-0.2%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.47
P/FCF 6.02
P/OCF 2.39
P/B 0.71
P/tB 1.19
EV/EBITDA 3.21
EPS(TTM)-0.11
EYN/A
EPS(NY)-0.11
Fwd EYN/A
FCF(TTM)1.05
FCFY16.61%
OCF(TTM)2.64
OCFY41.79%
SpS13.34
BVpS8.88
TBVpS5.28
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -17.66%
ROE -29.71%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 26.11%
FCFM 7.86%
ROA(3y)-2.78%
ROA(5y)-10.97%
ROE(3y)-4.51%
ROE(5y)-18.81%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)5.12%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.18%
GM growth 5Y-0.79%
F-Score5
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.08
Debt/EBITDA 1.14
Cap/Depr 54.33%
Cap/Sales 11.91%
Interest Coverage N/A
Cash Conversion 94.64%
Profit Quality N/A
Current Ratio 1.61
Quick Ratio 1.4
Altman-Z 1.33
F-Score5
WACC7.3%
ROIC/WACCN/A
Cap/Depr(3y)77.44%
Cap/Depr(5y)54.72%
Cap/Sales(3y)14.65%
Cap/Sales(5y)13.83%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-111.58%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y-494.82%
EPS Next 2Y-119.1%
EPS Next 3Y74.4%
EPS Next 5Y94.44%
Revenue 1Y (TTM)5.82%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-15.22%
Revenue Next Year-10.03%
Revenue Next 2Y-5.65%
Revenue Next 3Y-3.65%
Revenue Next 5Y5.95%
EBIT growth 1Y-112.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year495.35%
EBIT Next 3Y82.78%
EBIT Next 5Y55.6%
FCF growth 1Y31.68%
FCF growth 3YN/A
FCF growth 5Y7.35%
OCF growth 1Y32.73%
OCF growth 3Y130.89%
OCF growth 5Y11.05%