patterson-uti drilling company llc operates one of the largest and most technologically advanced fleets of land based drilling rigs in north america. operations are primarily in oil and natural gas producing regions of the continental united states, alaska, and western and northern canada. with a $1.8b revenue in 2014, we serve major and independent oil and gas companies to provide a comprehensive drilling solution. this includes apex® drilling rigs and people who are committed to working safely, efficiently and in an environmentally responsible way, all of which makes patterson-uti drilling the perfect choice for your drilling needs. if you are interested in opportunities to join our company, please create your candidate profile at http://www.patenergy.com/drilling/careers/. our careers site provides instructions on how to create your candidate profile and apply to open vacancies and, answers to frequently asked questions and technical support. for candidates without internet acce

Company profile
Ticker
PTEN
Exchange
Website
CEO
William Hendricks
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PATTERSON ENERGY INC
SEC CIK
Corporate docs
Subsidiaries
Ambar Lone Star Fluid Services LLC • Current Power Solutions, Inc. • Drilling Technologies 1 LLC • Drilling Technologies 2 LLC • Great Plains Oilfield Rental, L.L.C. • Keystone Rock & Excavation, L.L.C. • MS Directional, LLC • Patterson Petroleum LLC • Patterson-UTI Drilling Canada Limited • Patterson-UTI Drilling Company LLC ...
IRS number
752504748
PTEN stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
13 Sep 23
424B5
Prospectus supplement for primary offering
12 Sep 23
FWP
Free writing prospectus
11 Sep 23
424B2
Prospectus for primary offering
11 Sep 23
8-K
Other Events
5 Sep 23
424B7
Prospectus with selling stockholder info
5 Sep 23
S-3ASR
Automatic shelf registration
5 Sep 23
8-K/A
Financial Statements and Exhibits
5 Sep 23
8-K
Regulation FD Disclosure
5 Sep 23
S-8
Registration of securities for employees
1 Sep 23
Transcripts
PTEN
Earnings call transcript
2023 Q2
27 Jul 23
PTEN
Earnings call transcript
2023 Q1
27 Apr 23
PTEN
Earnings call transcript
2022 Q4
9 Feb 23
PTEN
Earnings call transcript
2022 Q3
27 Oct 22
PTEN
Earnings call transcript
2022 Q2
28 Jul 22
PTEN
Earnings call transcript
2022 Q1
28 Apr 22
PTEN
Earnings call transcript
2021 Q4
10 Feb 22
PTEN
Earnings call transcript
2021 Q3
28 Oct 21
PTEN
Earnings call transcript
2021 Q2
29 Jul 21
PTEN
Earnings call transcript
2021 Q1
29 Apr 21
Latest ownership filings
4
Charles Andrew Smith
29 Sep 23
4
Charles Andrew Smith
21 Sep 23
4
JAMES CARL STEWART
18 Sep 23
4/A
JAMES CARL STEWART
18 Sep 23
4
James Michael Holcomb
15 Sep 23
4
Seth David Wexler
15 Sep 23
144
Notice of proposed sale of securities
14 Sep 23
144
Notice of proposed sale of securities
14 Sep 23
144
Notice of proposed sale of securities
13 Sep 23
144
Notice of proposed sale of securities
13 Sep 23
Financial summary
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 150.29 mm | 150.29 mm | 150.29 mm | 150.29 mm | 150.29 mm | 150.29 mm |
Cash burn (monthly) | 2.31 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 6.97 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 143.31 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 62.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 282 |
Opened positions | 42 |
Closed positions | 43 |
Increased positions | 107 |
Reduced positions | 95 |
13F shares | Current |
---|---|
Total value | 2.55 tn |
Total shares | 214.26 mm |
Total puts | 2.46 mm |
Total calls | 660.40 k |
Total put/call ratio | 3.7 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 37.19 mm | $445.21 bn |
Vanguard | 24.70 mm | $295.64 bn |
MCQEF Macquarie | 13.64 mm | $163.27 bn |
Dimensional Fund Advisors | 10.53 mm | $126.04 bn |
STT State Street | 8.63 mm | $103.33 bn |
Allspring Global Investments | 6.78 mm | $81.11 bn |
Anomaly Capital Management | 6.01 mm | $71.96 bn |
Fuller & Thaler Asset Management | 5.60 mm | $66.97 bn |
Van Eck Associates | 4.97 mm | $59.57 bn |
Deprince Race & Zollo | 4.56 mm | $54.64 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Sep 23 | Smith Charles Andrew | Common Stock, $.01 par value per share | Sell | Dispose S | No | No | 15.1 | 10,000 | 151.00 k | 504,413 |
19 Sep 23 | Smith Charles Andrew | Common Stock, $.01 par value per share | Sell | Dispose S | No | No | 15.9 | 10,000 | 159.00 k | 514,413 |
14 Sep 23 | Wexler Seth David | Common Stock, $.01 par value per share | Sell | Dispose S | No | No | 15.98 | 37,500 | 599.25 k | 340,418 |
14 Sep 23 | Stewart James Carl | Common Stock, $.01 par value per share | Sell | Dispose S | Yes | No | 15.9 | 62,500 | 993.75 k | 1,277,254 |
13 Sep 23 | Holcomb James Michael | Common Stock, $.01 par value per share | Sell | Dispose S | No | Yes | 15.95 | 11,816 | 188.47 k | 376,109 |
News
RBC Capital Reiterates Outperform on Patterson-UTI Energy, Maintains $19 Price Target
6 Sep 23
Susquehanna Reiterates Positive on Patterson-UTI Energy, Maintains $18 Price Target
6 Sep 23
Benzinga's Top Ratings Upgrades, Downgrades For September 5, 2023
5 Sep 23
Stifel Initiates Coverage On Patterson-UTI Energy with Buy Rating, Announces Price Target of $19
5 Sep 23
Shareholders Of Patterson-UTI Energy And NexTier Oilfield Solutions Approve Merger Of Equals
30 Aug 23
Press releases
Patterson-UTI Reports Drilling Activity for August 2023
7 Sep 23
Patterson-UTI Energy and NexTier Oilfield Solutions Complete Merger
1 Sep 23
Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals
30 Aug 23
Patterson-UTI Energy to Participate in the Barclays CEO Energy-Power Conference
29 Aug 23
Goosehead Insurance and Jackson Financial Set to Join S&P SmallCap 600
28 Aug 23