Based on the Patterson-UTI Energy Inc stock forecast from 9 analysts, the average analyst target price for Patterson-UTI Energy Inc is USD 16.64 over the next 12 months. Patterson-UTI Energy Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Patterson-UTI Energy Inc is Very Bullish, which is based on 19 positive signals and 0 negative signals. At the last closing, Patterson-UTI Energy Inc’s stock price was USD 11.25. Patterson-UTI Energy Inc’s stock price has changed by -2.26% over the past week, -3.76% over the past month and -0.97% over the last year.
No recent analyst target price found for Patterson-UTI Energy Inc
No recent average analyst rating found for Patterson-UTI Energy Inc
Company Overview Patterson-UTI Energy Inc
Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas. Read Less
Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Product...Read More
Frequently Asked Questions About Patterson-UTI Energy Inc (PTEN) Stock
Based on ratings from 9 analysts Patterson-UTI Energy Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Very Bullish. The stock has 10 buy, sell and 1 hold ratings.
PTEN stock's dividend yield is 2.70%.
Our analysis grades PTEN stock's dividend yield at A+. This means that PTEN stock's dividend yield is above 100% of the stocks in the Oil & Gas Drilling sector in the NSD exchange.
Based on this PTEN may be a good dividend stock for its sector.
Based on targets from 9 analysts, the average taret price for PTEN is USD 16.64 over the next 12 months. The maximum analyst target price is USD 21 while the minimum anlayst target price is USD 12.
PTEN stock's Price/Earning ratio is 13.28.
Our analysis grades PTEN stock's Price / Earning ratio at A+. This means that PTEN stock's Price/Earning ratio is above 0% of the stocks in the Oil & Gas Drilling sector in the NSD exchange.
Based on this PTEN may be undervalued for its sector.
The last closing price of PTEN's stock was USD 11.25.
The most recent market capitalization for PTEN is USD 4.77B.
Based on targets from 9 analysts, the average taret price for PTEN is projected at USD 16.64 over the next 12 months.
This means that PTEN's stock price may go up by +47.88% over the next 12 months.
Following are ETFs with the highest allocation to Patterson-UTI Energy Inc's stock :
As per our most recent records Patterson-UTI Energy Inc has 10,600 Employees.
Patterson-UTI Energy Inc's registered address is 10713 West Sam Houston Parkway North, Houston, TX, United States, 77064.
You can get more information about it from Patterson-UTI Energy Inc's website at https://www.patenergy.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
Underpriced on cashflow basis
The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
Underpriced on free cash flow basis
The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
There is nothing we particularly dislike
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