Patterson-UTI Energy (PTEN)

Company Profile

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

NASDAQ

Website

www.patenergy.com/

CEO

William Hendricks

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Drilling Oil and Gas Wells

Industry (SIC)

Drilling Oil & Gas Wells

Valaris • Seadrill • Transocean • Diamond Offshore Drilling • Helmerich & Payne • Noble • Nabors Industries • Vantage Drilling International • Borr Drilling • Pacific Drilling ...

Former names

PATTERSON ENERGY INC

SEC CIK

0000889900

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$18.00

Low target

$15.00

High target

$20.00

Latest filings (excl ownership)

View all

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

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

View all

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

View all

James Michael Holcomb

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

Financial statements Chart PTEN financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

PTEN institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	282	283	-0.4%
Opened positions	42	37	+13.5%
Closed positions	43	61	-29.5%
Increased positions	107	92	+16.3%
Reduced positions	95	116	-18.1%

13F shares	Current	Prev Q	Change
Total value	2.55 tn	2.39 tn	+6.9%
Total shares	214.26 mm	205.51 mm	+4.3%
Total puts	2.46 mm	3.50 mm	-29.8%
Total calls	660.40 k	444.90 k	+48.4%
Total put/call ratio	3.7	7.9	-52.7%

Largest owners	Shares	Value	Change
BLK Blackrock	37.19 mm	$445.21 bn	-7.7%
Vanguard	24.70 mm	$295.64 bn	-5.8%
MCQEF Macquarie	13.64 mm	$163.27 bn	-0.5%
Dimensional Fund Advisors	10.53 mm	$126.04 bn	+2.2%
STT State Street	8.63 mm	$103.33 bn	-5.5%
Allspring Global Investments	6.78 mm	$81.11 bn	+3.5%
Anomaly Capital Management	6.01 mm	$71.96 bn	+126.5%
Fuller & Thaler Asset Management	5.60 mm	$66.97 bn	+28.1%
Van Eck Associates	4.97 mm	$59.57 bn	-10.5%
Deprince Race & Zollo	4.56 mm	$54.64 bn	+21.6%

Largest transactions	Shares	Bought/sold	Change
Anomaly Capital Management	6.01 mm	+3.36 mm	+126.5%
Alliancebernstein	448.85 k	-3.15 mm	-87.5%
BLK Blackrock	37.19 mm	-3.10 mm	-7.7%
Pacer Advisors	2.62 mm	+2.62 mm	NEW
Millennium Management	2.15 mm	+2.15 mm	NEW
Point72 Asset Management	1.65 mm	+1.63 mm	+10062.4%
Vanguard	24.70 mm	-1.53 mm	-5.8%
Renaissance Technologies	3.34 mm	+1.30 mm	+64.1%
Jennison Associates	2.44 mm	-1.30 mm	-34.7%
Fuller & Thaler Asset Management	5.60 mm	+1.23 mm	+28.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PTEN insider ownership history Insider history

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