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PATTERSON-UTI ENERGY INC (PTEN) Stock Fundamental Analysis

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

5.99  +0.15 (+2.57%)

After market: 5.99 0 (0%)

Fundamental Rating

3

Overall PTEN gets a fundamental rating of 3 out of 10. We evaluated PTEN against 62 industry peers in the Energy Equipment & Services industry. PTEN has a bad profitability rating. Also its financial health evaluation is rather negative. PTEN is quite expensive at the moment. 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.
PTEN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PTEN reported negative net income in multiple years.
Each year in the past 5 years PTEN had a positive operating cash flow.
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 Return On Assets of -17.66%. This is amonst the worse of the industry: PTEN underperforms 93.55% of its industry peers.
PTEN has a Return On Equity of -29.71%. This is amonst the worse of the industry: PTEN underperforms 87.10% 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's Gross Margin of 26.11% is in line compared to the rest of the industry. PTEN outperforms 50.00% of its industry peers.
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.
PTEN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PTEN is higher compared to a year ago.
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

The Debt to FCF ratio of PTEN is 3.02, which is a good value as it means it would take PTEN, 3.02 years of fcf income to pay off all of its debts.
PTEN has a Debt to FCF ratio of 3.02. This is in the better half of the industry: PTEN outperforms 64.52% 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 in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 3.02
Altman-Z N/A
ROIC/WACCN/A
WACC8.76%
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

A Current Ratio of 1.61 indicates that PTEN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.61, PTEN is doing worse than 67.74% of the companies in the same industry.
A Quick Ratio of 1.40 indicates that PTEN should not have too much problems paying its short term obligations.
PTEN's Quick ratio of 1.40 is on the low side compared to the rest of the industry. PTEN is outperformed by 64.52% of its industry peers.
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

PTEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -111.58%.
PTEN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.82%.
PTEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.83% yearly.
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

The Earnings Per Share is expected to grow by 94.44% on average over the next years. This is a very strong growth
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-242.42%
EPS Next 2Y133.18%
EPS Next 3Y169.78%
EPS Next 5Y94.44%
Revenue Next Year-10.68%
Revenue Next 2Y-3.67%
Revenue Next 3Y-1.61%
Revenue Next 5Y5.95%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

The Price/Earnings Ratio is negative for PTEN. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 27.54, which means the current valuation is very expensive for PTEN.
Based on the Price/Forward Earnings ratio, PTEN is valued more expensive than 82.26% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PTEN to the average of the S&P500 Index (20.44), we can say PTEN is valued slightly more expensively.
Industry RankSector Rank
PE N/A
Fwd PE 27.54
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

PTEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PTEN is cheaper than 88.71% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PTEN indicates a rather cheap valuation: PTEN is cheaper than 87.10% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.72
EV/EBITDA 3.02
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

A more expensive valuation may be justified as PTEN's earnings are expected to grow with 169.78% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y133.18%
EPS Next 3Y169.78%

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7

5. Dividend

5.1 Amount

PTEN has a Yearly Dividend Yield of 5.46%, which is a nice return.
The stock price of PTEN dropped by -30.51% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 3.45, PTEN pays a better dividend. On top of this PTEN pays more dividend than 95.16% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, PTEN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.46%

5.2 History

On average, the dividend of PTEN grows each year by 14.73%, which is quite nice.
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 Years2
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

The earnings of PTEN are negative and hence is the payout ratio. PTEN will probably not be able to sustain this dividend level.
PTEN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-12.29%
EPS Next 2Y133.18%
EPS Next 3Y169.78%
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 (5/9/2025, 8:17:06 PM)

After market: 5.99 0 (0%)

5.99

+0.15 (+2.57%)

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 Owners98.04%
Inst Owner Change-1.2%
Ins Owners2.43%
Ins Owner Change-1.16%
Market Cap2.31B
Analysts80
Price Target9.98 (66.61%)
Short Float %6.67%
Short Ratio1.83
Dividend
Industry RankSector Rank
Dividend Yield 5.46%
Yearly Dividend0.32
Dividend Growth(5Y)14.73%
DP-12.29%
Div Incr Years2
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)-7.74%
PT rev (3m)-6.8%
EPS NQ rev (1m)-44.25%
EPS NQ rev (3m)57.99%
EPS NY rev (1m)-25.03%
EPS NY rev (3m)60.31%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-6.01%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-6.31%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 27.54
P/S 0.45
P/FCF 5.72
P/OCF 2.27
P/B 0.67
P/tB 1.13
EV/EBITDA 3.02
EPS(TTM)-0.11
EYN/A
EPS(NY)0.22
Fwd EY3.63%
FCF(TTM)1.05
FCFY17.5%
OCF(TTM)2.64
OCFY44.02%
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 3.02
Debt/EBITDA 1.13
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 N/A
F-Score5
WACC8.76%
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-242.42%
EPS Next 2Y133.18%
EPS Next 3Y169.78%
EPS Next 5Y94.44%
Revenue 1Y (TTM)5.82%
Revenue growth 3Y58.25%
Revenue growth 5Y16.83%
Sales Q2Q%-15.22%
Revenue Next Year-10.68%
Revenue Next 2Y-3.67%
Revenue Next 3Y-1.61%
Revenue Next 5Y5.95%
EBIT growth 1Y-112.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year513.12%
EBIT Next 3Y89.18%
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%