Patterson-UTI Energy PTEN
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Patterson-UTI Energy (PTEN) Business Model and Operations Summary
Patterson-UTI Energy Inc is one of the substantial land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. The company operates under three reportable business segments: (i) drilling services, (ii) completion services, and (iii) drilling products. It also provides directional drilling services and tool rental services in united states onshore oil and gas basins.
Key Insights
Patterson-UTI Energy (PTEN) Core Market Data and Business Metrics
Latest Closing Price
$8.38Market Cap
$3.23 BillionPrice-Earnings Ratio
-3.43Total Outstanding Shares
386.39 Million SharesTotal Employees
10,600Dividend
$0.08 Per Share QuarterlyIPO Date
November 2, 1993SIC Description
Drilling Oil & Gas WellsPrimary Exchange
NASDAQHeadquarters
10713 West Sam Houston Parkway North, Houston, TX, 77064
Historical Stock Splits
If you bought 1 share of PTEN before July 1, 2004, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| July 1, 2004 | 2-for-1 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities, Continuing | $1.18 Billion |
| Net Cash Flow From Financing Activities | $-474.99 Million |
| Net Cash Flow, Continuing | $45.80 Million |
| Net Cash Flow From Operating Activities | $1.18 Billion |
| Net Cash Flow From Investing Activities, Continuing | $-654.74 Million |
| Net Cash Flow From Financing Activities, Continuing | $-474.99 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Other Operating Expenses | $6.00 Billion |
| Income Tax Expense/Benefit, Deferred | $-1.76 Million |
| Net Income/Loss Attributable To Parent | $-968.03 Million |
| Diluted Average Shares | $397.20 Million |
| Basic Average Shares | $397.20 Million |
| Preferred Stock Dividends And Other Adjustments | $0 |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss | $-969.46 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $1.63 Million |
| Other Comprehensive Income/Loss | $-3.06 Million |
| Comprehensive Income/Loss Attributable To Parent | $-971.09 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Other Non-current Liabilities | $281.83 Million |
| Assets | $5.83 Billion |
| Equity Attributable To Noncontrolling Interest | $10.02 Million |
| Fixed Assets | $3.01 Billion |
| Noncurrent Liabilities | $1.52 Billion |
| Noncurrent Assets | $4.54 Billion |
Historical Dividends
Current dividend: $0.08 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 5, 2025 | Mar 17, 2025 | Mar 3, 2025 | $0.08 | Quarterly |
| Oct 23, 2024 | Dec 16, 2024 | Dec 2, 2024 | $0.08 | Quarterly |
| Jul 24, 2024 | Sep 16, 2024 | Sep 3, 2024 | $0.08 | Quarterly |
| May 1, 2024 | Jun 17, 2024 | Jun 3, 2024 | $0.08 | Quarterly |
| Feb 14, 2024 | Mar 15, 2024 | Mar 1, 2024 | $0.08 | Quarterly |
| Nov 7, 2023 | Dec 15, 2023 | Dec 1, 2023 | $0.08 | Quarterly |