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
![Patterson-UTI Energy logo](/files/LOGO/889900-PTEN.png)
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 • BEP Ulterra Holdings, Inc. • BEP Ulterra Intermediate Holdings, Inc. • Current Power Solutions, Inc. • Drilling Technologies 1 LLC • Drilling Technologies 2 LLC • ESP Completion Technologies, LLC • ESP Completion Technologies SA • Great Plains Oilfield Rental, L.L.C. • Keane Group Holdings, LLC ...
IRS number
752504748
PTEN stock data
Latest filings (excl ownership)
8-K
Second Quarter 2024 Financial Results
24 Jul 24
8-K
Departure of Directors or Certain Officers
6 Jun 24
S-8
Registration of securities for employees
6 Jun 24
SD
Conflict minerals disclosure
30 May 24
8-K
Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE
13 May 24
10-Q
2024 Q1
Quarterly report
6 May 24
8-K
First Quarter 2024 Financial Results and Other Key Items
1 May 24
ARS
2023 FY
Annual report to shareholders
11 Apr 24
DEFA14A
Additional proxy soliciting materials
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
Transcripts
PTEN
Earnings call transcript
2024 Q2
25 Jul 24
PTEN
Earnings call transcript
2024 Q1
2 May 24
PTEN
Earnings call transcript
2023 Q4
15 Feb 24
PTEN
Earnings call transcript
2023 Q3
8 Nov 23
PTEN
Earnings call transcript
2023 Q2
27 Jul 23
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
Latest ownership filings
4
Matthew Gillard
20 Jun 24
144
Notice of proposed sale of securities
18 Jun 24
4
Robert Wayne Drummond Jr
21 May 24
144
Notice of proposed sale of securities
20 May 24
4
Matthew Gillard
13 May 24
4
Seth David Wexler
13 May 24
4
James Michael Holcomb
13 May 24
4
KENNETH N BERNS
13 May 24
4
Charles Andrew Smith
13 May 24
4
William Andrew Hendricks JR
13 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
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) | 170.25 mm | 170.25 mm | 170.25 mm | 170.25 mm | 170.25 mm | 170.25 mm |
Cash burn (monthly) | 7.48 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 28.91 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 141.33 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 18.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 362 |
Opened positions | 322 |
Closed positions | 5 |
Increased positions | 17 |
Reduced positions | 12 |
13F shares | Current |
---|---|
Total value | 4.29 tn |
Total shares | 413.95 mm |
Total puts | 15.37 mm |
Total calls | 997.18 k |
Total put/call ratio | 15.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 55.00 mm | $656.66 bn |
Vanguard | 46.60 mm | $556.35 bn |
BEP Diamond Topco | 34.90 mm | $521.41 mm |
BX Blackstone | 28.72 mm | $342.93 bn |
MCQEF Macquarie | 17.00 mm | $202.98 bn |
STT State Street | 13.80 mm | $164.74 bn |
Citadel Advisors | 11.94 mm | $142.56 bn |
MS Morgan Stanley | 10.44 mm | $124.70 bn |
Fuller & Thaler Asset Management | 9.24 mm | $110.30 bn |
Van Eck Associates | 7.85 mm | $93.73 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Jun 24 | Matthew Gillard | Common Stock, $.01 par value per share | Sell | Dispose S | No | No | 9.87 | 60,000 | 592.20 k | 114,692 |
20 May 24 | Robert Wayne Drummond Jr | Common Stock, $.01 par value per share | Sell | Dispose S | No | No | 11.55 | 150,000 | 1.73 mm | 2,007,895 |
9 May 24 | Smith Charles Andrew | Common Stock, $.01 par value per share | Grant | Acquire A | No | No | 0 | 92,200 | 0.00 | 627,352 |
9 May 24 | Smith Charles Andrew | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 11.16 | 51,744 | 577.46 k | 535,152 |
9 May 24 | Smith Charles Andrew | Common Stock, $.01 par value per share | Grant | Acquire A | No | No | 0 | 122,181 | 0.00 | 586,896 |
9 May 24 | William Andrew Hendricks JR | Common Stock, $.01 par value per share | Grant | Acquire A | No | No | 0 | 373,200 | 0.00 | 2,457,592 |
9 May 24 | William Andrew Hendricks JR | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 11.16 | 128,151 | 1.43 mm | 2,084,392 |
9 May 24 | William Andrew Hendricks JR | Common Stock, $.01 par value per share | Grant | Acquire A | No | No | 0 | 325,669 | 0.00 | 2,212,543 |
9 May 24 | Berns Kenneth N | Common Stock, $.01 par value per share | Grant | Acquire A | No | No | 0 | 76,800 | 0.00 | 947,320 |
9 May 24 | Berns Kenneth N | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 11.16 | 61,743 | 689.05 k | 870,520 |
News
RBC Capital Maintains Outperform on Patterson-UTI Energy, Lowers Price Target to $14
26 Jul 24
Reported Wednesday, Patterson-UTI Energy Q2 EPS $0.03 Misses $0.09 Estimate, Sales $1.35B Miss $1.42B Estimate
25 Jul 24
Stifel Maintains Buy on Patterson-UTI Energy, Lowers Price Target to $16
16 Jul 24
B of A Securities Maintains Buy on Patterson-UTI Energy, Lowers Price Target to $12.5
15 Jul 24
Piper Sandler Maintains Overweight on Patterson-UTI Energy, Lowers Price Target to $12
15 Jul 24
Press releases
Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2024
24 Jul 24
Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
15 Jul 24
Patterson-UTI Reports Drilling Activity for June 2024
3 Jul 24
Patterson-UTI Reports Drilling Activity for May 2024
6 Jun 24
Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE
13 May 24