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Patterson-UTI Energy

DB:PE1
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PE1
DB
$371M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Patterson-UTI Energy has significant price volatility in the past 3 months.
PE1 Share Price and Events
7 Day Returns
-21.7%
DB:PE1
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-87.6%
DB:PE1
-57.2%
Europe Energy Services
-20.9%
DE Market
PE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Patterson-UTI Energy (PE1) -21.7% -61.2% -82% -87.6% -93% -91.3%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • PE1 underperformed the Energy Services industry which returned -57.2% over the past year.
  • PE1 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
PE1
Industry
5yr Volatility vs Market

PE1 Value

 Is Patterson-UTI Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Patterson-UTI Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Patterson-UTI Energy.

DB:PE1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 0.13635035714286
Payout Ratio Company Filings (2019-12-31) -554%
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PE1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 21%) (270.59%))
2.246
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:PE1 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Patterson-UTI Energy is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:PE1 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.14 / (10.49% - -0.39%)
$0.51
DB:PE1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PE1 represents 0.86911x of NasdaqGS:PTEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86911x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.68 x 0.86911
€0.59
Value per share (EUR) From above. €0.59
Current discount Discount to share price of €1.66
= -1 x (€1.66 - €0.59) / €0.59
-180.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Patterson-UTI Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Patterson-UTI Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Patterson-UTI Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-2.10
NasdaqGS:PTEN Share Price ** NasdaqGS (2020-04-06) in USD $1.91
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Patterson-UTI Energy.

DB:PE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PTEN Share Price ÷ EPS (both in USD)

= 1.91 ÷ -2.10

-0.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Patterson-UTI Energy is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Patterson-UTI Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Patterson-UTI Energy's expected growth come at a high price?
Raw Data
DB:PE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
-0.1%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Patterson-UTI Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Patterson-UTI Energy's assets?
Raw Data
DB:PE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $14.76
NasdaqGS:PTEN Share Price * NasdaqGS (2020-04-06) in USD $1.91
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:PE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PTEN Share Price ÷ Book Value per Share (both in USD)

= 1.91 ÷ 14.76

0.13x

* Primary Listing of Patterson-UTI Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Patterson-UTI Energy is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Patterson-UTI Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Patterson-UTI Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PE1 Future Performance

 How is Patterson-UTI Energy expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Patterson-UTI Energy expected to grow at an attractive rate?
  • Unable to compare Patterson-UTI Energy's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Patterson-UTI Energy's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Patterson-UTI Energy's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PE1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts -0.1%
DB:PE1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts -12.6%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PE1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,560 1
2023-12-31 1,761 133 -411 2
2022-12-31 1,584 238 -409 7
2021-12-31 1,283 309 -447 19
2020-12-31 1,473 337 -421 19
2020-04-07
DB:PE1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,471 696 -426
2019-09-30 2,774 826 -541
2019-06-30 3,043 796 -354
2019-03-31 3,222 765 -316
2018-12-31 3,327 731 -321
2018-09-30 3,318 658 75
2018-06-30 3,136 586 116
2018-03-31 2,861 445 35
2017-12-31 2,357 301 6
2017-09-30 1,816 184 -268
2017-06-30 1,337 138 -318
2017-03-31 952 197 -312

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Patterson-UTI Energy is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Patterson-UTI Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PE1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Patterson-UTI Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PE1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 -2.14 -2.14 -2.14 1.00
2022-12-31 -2.12 -1.41 -2.48 3.00
2021-12-31 -2.30 -1.30 -2.80 9.00
2020-12-31 -2.16 -1.47 -2.44 9.00
2020-04-07
DB:PE1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -2.10
2019-09-30 -2.59
2019-06-30 -1.66
2019-03-31 -1.46
2018-12-31 -1.47
2018-09-30 0.34
2018-06-30 0.53
2018-03-31 0.16
2017-12-31 0.03
2017-09-30 -1.49
2017-06-30 -1.94
2017-03-31 -2.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Patterson-UTI Energy will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Patterson-UTI Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Patterson-UTI Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PE1 Past Performance

  How has Patterson-UTI Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Patterson-UTI Energy's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Patterson-UTI Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Patterson-UTI Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Patterson-UTI Energy's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Patterson-UTI Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Patterson-UTI Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,470.69 -425.70 137.00
2019-09-30 2,774.33 -541.03 135.85
2019-06-30 3,043.35 -354.35 136.63
2019-03-31 3,222.00 -315.62 133.81
2018-12-31 3,327.00 -321.42 134.07
2018-09-30 3,318.39 75.06 136.00
2018-06-30 3,135.91 116.33 132.00
2018-03-31 2,860.67 34.86 119.81
2017-12-31 2,356.68 5.74 105.85
2017-09-30 1,816.24 -267.61 88.68
2017-06-30 1,337.38 -317.99 76.48
2017-03-31 952.10 -312.35 70.09
2016-12-31 915.87 -318.63 69.21
2016-09-30 1,007.55 -298.58 68.25
2016-06-30 1,223.66 -438.09 70.22
2016-03-31 1,502.52 -370.33 72.35
2015-12-31 1,891.28 -291.46 74.91
2015-09-30 2,453.93 -176.40 80.36
2015-06-30 2,877.31 63.07 80.68
2015-03-31 3,161.82 135.57 81.01
2014-12-31 3,182.29 161.00 80.15
2014-09-30 2,939.84 120.40 76.67
2014-06-30 2,825.12 178.23 77.36
2014-03-31 2,727.16 164.87 76.13
2013-12-31 2,716.03 186.15 73.85
2013-09-30 2,710.01 228.13 71.46
2013-06-30 2,622.74 204.80 69.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Patterson-UTI Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Patterson-UTI Energy has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Patterson-UTI Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Patterson-UTI Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Patterson-UTI Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PE1 Health

 How is Patterson-UTI Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Patterson-UTI Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Patterson-UTI Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Patterson-UTI Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Patterson-UTI Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Patterson-UTI Energy Company Filings, last reported 3 months ago.

DB:PE1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,833.62 966.54 174.19
2019-09-30 2,942.99 969.91 164.83
2019-06-30 3,278.31 1,119.65 255.51
2019-03-31 3,403.37 1,119.43 248.90
2018-12-31 3,505.42 1,119.21 245.03
2018-09-30 3,755.43 1,119.00 214.03
2018-06-30 3,880.34 1,118.92 241.91
2018-03-31 3,934.54 1,118.84 304.25
2017-12-31 3,982.49 866.78 42.83
2017-09-30 3,593.20 742.70 37.84
2017-06-30 3,617.80 713.61 40.13
2017-03-31 2,661.61 598.52 466.61
2016-12-31 2,248.72 598.44 35.15
2016-09-30 2,324.13 613.35 36.97
2016-06-30 2,401.83 826.89 209.63
2016-03-31 2,489.48 841.53 186.56
2015-12-31 2,561.13 851.17 113.35
2015-09-30 2,631.10 865.00 76.47
2015-06-30 2,868.01 872.50 76.51
2015-03-31 2,898.54 880.00 86.92
2014-12-31 2,905.81 985.50 43.01
2014-09-30 2,859.46 685.00 38.59
2014-06-30 2,847.44 687.50 120.84
2014-03-31 2,789.67 690.00 257.75
2013-12-31 2,756.00 692.50 249.51
2013-09-30 2,743.88 695.00 204.64
2013-06-30 2,730.84 696.25 148.88
  • Patterson-UTI Energy's level of debt (34.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.9% vs 34.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Patterson-UTI Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Patterson-UTI Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -10.9% per year.
X
Financial health checks
We assess Patterson-UTI Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Patterson-UTI Energy has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PE1 Dividends

 What is Patterson-UTI Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.38%
Current annual income from Patterson-UTI Energy dividends. Estimated to be 7.14% next year.
If you bought €2,000 of Patterson-UTI Energy shares you are expected to receive €168 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Patterson-UTI Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Patterson-UTI Energy's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PE1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PE1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.16 1.00
2022-12-31 0.17 3.00
2021-12-31 0.12 12.00
2020-12-31 0.14 12.00
2020-04-07
DB:PE1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-13 0.160 5.253
2020-02-06 0.160 2.165
2019-10-30 0.160 1.726
2019-10-24 0.160 1.807
2019-07-29 0.160 1.808
2019-07-25 0.160 1.536
2019-02-07 0.160 1.259
2018-10-29 0.160 1.237
2018-10-25 0.160 1.019
2018-04-26 0.160 0.886
2018-02-08 0.080 0.426
2017-10-26 0.080 0.366
2017-07-27 0.080 0.439
2017-04-27 0.080 0.386
2017-03-23 0.080 0.337
2017-02-13 0.080 0.300
2017-02-09 0.080 0.285
2016-10-31 0.080 0.307
2016-10-27 0.080 0.351
2016-08-02 0.080 0.384
2016-07-28 0.080 0.420
2016-05-02 0.080 0.410
2016-04-28 0.080 0.413
2016-02-10 0.400 2.394
2016-02-04 0.400 3.011
2015-07-23 0.400 2.693
2015-04-27 0.400 2.027
2015-04-23 0.400 1.873
2015-02-12 0.400 2.121
2015-02-05 0.400 2.308
2014-07-24 0.400 1.804
2014-04-24 0.400 1.186
2014-02-10 0.400 1.321
2014-02-06 0.400 1.428
2013-07-25 0.200 0.880
2013-04-25 0.200 0.944
2012-10-25 0.200 0.992
2012-07-26 0.200 1.235
2012-04-26 0.200 1.347
2012-02-02 0.200 1.118
2011-10-27 0.200 0.992
2011-07-28 0.200 0.923
2011-04-28 0.200 0.665
2011-02-03 0.200 0.725
2010-10-28 0.200 0.957
2010-07-29 0.200 1.221
2010-05-04 0.200 1.420
2010-04-29 0.200 1.321
2009-10-29 0.200 1.289
2009-07-30 0.200 1.344
2009-04-30 0.200 1.485

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Patterson-UTI Energy's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Patterson-UTI Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Patterson-UTI Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Patterson-UTI Energy has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PE1 Management

 What is the CEO of Patterson-UTI Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andy Hendricks
COMPENSATION $9,764,924
AGE 54
TENURE AS CEO 7.5 years
CEO Bio

Mr. William Andrew Hendricks, Jr., also known as Andy, has been Chief Executive Officer and President at Seventy Seven Energy Inc. since April 20, 2017. Mr. Hendricks has been the Chief Executive Officer and President of Patterson-UTI Energy, Inc. since October 01, 2012 and as a Director since June 2017 and served as its Chief Operating Officer from April 1, 2012 to October 01, 2012. Mr. Hendricks served as the President of Schlumberger Drilling and Measurements at Schlumberger Ltd. since 2010. At Schlumberger, he has had responsibility for a multi-billion dollar global business unit with thousands of employees worldwide. He started his career working for Ocean Drilling and Exploration Company as a roustabout and roughneck on Ocean Spur jack-up rig in the Gulf of Mexico. He has been a Director at Seventy Seven Energy Inc. since April 20, 2017. He attended Texas A&M University, receiving a Bachelor of Science degree in Petroleum Engineering in 1987. Mr. Hendricks also completed executive finance training at IMD in Switzerland in 2008.

CEO Compensation
  • Andy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Andy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Patterson-UTI Energy management team in years:

8.3
Average Tenure
55
Average Age
  • The average tenure for the Patterson-UTI Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mark Siegel

TITLE
Executive Chairman
COMPENSATION
$7M
AGE
68

Andy Hendricks

TITLE
President
COMPENSATION
$10M
AGE
54
TENURE
7.5 yrs

Andy Smith

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
48
TENURE
2.6 yrs

Kenneth Berns

TITLE
Executive VP & Chief Commercial Officer
COMPENSATION
$4M
AGE
59
TENURE
17 yrs

James Holcomb

TITLE
President of UTI Drilling Company LLC
COMPENSATION
$3M
AGE
56
TENURE
8.3 yrs

Mike Drickamer

TITLE
Vice President of Investor Relations

Seth Wexler

TITLE
Senior VP
COMPENSATION
$1M
AGE
47
TENURE
10.7 yrs
Board of Directors Tenure

Average tenure and age of the Patterson-UTI Energy board of directors in years:

7.6
Average Tenure
64.5
Average Age
  • The tenure for the Patterson-UTI Energy board of directors is about average.
Board of Directors

Andy Hendricks

TITLE
President
COMPENSATION
$10M
AGE
54
TENURE
2.8 yrs

Terry Hunt

TITLE
Independent Director
COMPENSATION
$275K
AGE
70
TENURE
17 yrs

Mark Siegel

TITLE
Executive Chairman
COMPENSATION
$7M
AGE
68
TENURE
18.9 yrs

Mike Conlon

TITLE
Independent Director
COMPENSATION
$270K
AGE
72
TENURE
7.6 yrs

TJ Thom Cepak

TITLE
Independent Director
COMPENSATION
$269K
AGE
46
TENURE
5.7 yrs

Chris Huff

TITLE
Lead Director
COMPENSATION
$290K
AGE
61

Chuck Buckner

TITLE
Independent Director
COMPENSATION
$266K
AGE
74
TENURE
13.2 yrs

Janeen Judah

TITLE
Independent Director
COMPENSATION
$243K
AGE
59
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Patterson-UTI Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 20 Buy Janeen Judah Individual 12. Mar 20 12. Mar 20 25,000 €1.92 €47,896
12. Mar 20 Buy William Hendricks Individual 12. Mar 20 12. Mar 20 50,000 €1.85 €92,327
12. Mar 20 Buy Charles Buckner Individual 11. Mar 20 11. Mar 20 10,000 €1.86 €18,569
12. Mar 20 Buy Curtis Huff Individual 11. Mar 20 11. Mar 20 70,000 €1.83 €127,849
12. Mar 20 Buy Michael Conlon Individual 11. Mar 20 11. Mar 20 25,000 €1.78 €44,587
12. Mar 20 Buy Tiffany Thom Cepak Individual 11. Mar 20 11. Mar 20 15,000 €1.78 €26,739
10. Mar 20 Buy Curtis Huff Individual 09. Mar 20 09. Mar 20 40,000 €2.06 €82,581
11. Dec 19 Sell Charles Buckner Individual 09. Dec 19 09. Dec 19 -2,011 €8.90 €-17,907
06. Sep 19 Sell Janeen Judah Individual 05. Sep 19 05. Sep 19 -5,000 €8.20 €-40,976
24. Aug 19 Buy Curtis Huff Individual 23. Aug 19 23. Aug 19 25,000 €7.26 €181,403
X
Management checks
We assess Patterson-UTI Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Patterson-UTI Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PE1 News

Simply Wall St News

PE1 Company Info

Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2019, this segment had a drilling fleet of 216 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling, downhole performance motors, measurement-while-drilling, wireline steering tools, and services that enhance the accuracy of horizontal wellbore placement. It also service equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. The company was founded in 1978 and is headquartered in Houston, Texas.

Details
Name: Patterson-UTI Energy, Inc.
PE1
Exchange: DB
Founded: 1978
$342,799,088
192,079,710
Website: http://www.patenergy.com
Address: Patterson-UTI Energy, Inc.
10713 West Sam Houston Parkway North,
Suite 800,
Houston,
Texas, 77064,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PTEN Common Stock Nasdaq Global Select US USD 02. Nov 1993
DB PE1 Common Stock Deutsche Boerse AG DE EUR 02. Nov 1993
Number of employees
Current staff
Staff numbers
5,800
Patterson-UTI Energy employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:17
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.