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 • 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)
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
PRE 14A
Preliminary proxy
1 Apr 24
10-K
2023 FY
Annual report
27 Feb 24
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Feb 24
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Feb 24
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Feb 24
8-K
Fourth Quarter 2023 Financial Results and Other Key Items
14 Feb 24
8-K
Regulation FD Disclosure
3 Jan 24
Transcripts
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 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
Latest ownership filings
4
Robert Wayne Drummond Jr
4 Mar 24
4
Matthew Gillard
4 Mar 24
4/A
Matthew Gillard
4 Mar 24
4/A
JAMES CARL STEWART
4 Mar 24
144
Notice of proposed sale of securities
29 Feb 24
SC 13G/A
MACQUARIE GROUP LTD
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
BEP Diamond Topco L.P.
9 Feb 24
SC 13G/A
BlackRock Inc.
23 Jan 24
4
JULIE J ROBERTSON
3 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 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) | 67.05 mm | 67.05 mm | 67.05 mm | 67.05 mm | 67.05 mm | 67.05 mm |
Cash burn (monthly) | 27.75 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 190.98 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -123.93 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -4.5 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 355 |
Opened positions | 106 |
Closed positions | 33 |
Increased positions | 162 |
Reduced positions | 58 |
13F shares | Current |
---|---|
Total value | 5.41 tn |
Total shares | 427.00 mm |
Total puts | 241.83 k |
Total calls | 990.55 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 55.97 mm | $774.56 bn |
Vanguard | 43.19 mm | $597.81 bn |
BX Blackstone | 34.90 mm | $483.02 bn |
BEP Diamond Topco | 34.90 mm | $521.41 mm |
MCQEF Macquarie | 17.50 mm | $242.24 bn |
Dimensional Fund Advisors | 17.48 mm | $241.91 bn |
Cerberus Capital Management | 13.62 mm | $188.49 bn |
STT State Street | 13.48 mm | $186.54 bn |
FMR | 11.66 mm | $161.31 bn |
Citadel Advisors | 10.94 mm | $151.41 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Robert Wayne Drummond Jr | Common Stock, $.01 par value per share | Sell | Dispose S | No | No | 11.76 | 65,344 | 768.45 k | 2,407,895 |
29 Feb 24 | Robert Wayne Drummond Jr | Common Stock, $.01 par value per share | Sell | Dispose S | No | No | 11.73 | 187,916 | 2.20 mm | 2,473,239 |
3 Jan 24 | Matthew Gillard | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 10.82 | 9,839 | 106.46 k | 108,792 |
3 Jan 24 | Matthew Gillard | Common Stock, $.01 par value per share | Option exercise | Acquire M | No | No | 0 | 40,406 | 0.00 | 118,631 |
3 Jan 24 | Matthew Gillard | RSU Common Stock, $.01 par value per share | Option exercise | Dispose M | No | No | 0 | 40,406 | 0.00 | 211,382 |
2 Jan 24 | Matthew Gillard | Common Stock, $.01 par value per share | Payment of exercise | Dispose F | No | No | 10.83 | 5,515 | 59.73 k | 78,225 |
2 Jan 24 | Matthew Gillard | Common Stock, $.01 par value per share | Option exercise | Acquire M | No | No | 0 | 18,682 | 0.00 | 83,740 |
2 Jan 24 | Matthew Gillard | RSU Common Stock, $.01 par value per share | Option exercise | Dispose M | No | No | 0 | 18,682 | 0.00 | 251,788 |
1 Jan 24 | Leslie Ann Beyer | Common Stock, $.01 par value per share | Grant | Acquire A | No | No | 0 | 16,203 | 0.00 | 33,934 |
1 Jan 24 | Cepak Tiffany Thom | Common Stock, $.01 par value per share | Grant | Acquire A | No | No | 0 | 16,203 | 0.00 | 123,284 |
News
B of A Securities Maintains Buy on Patterson-UTI Energy, Lowers Price Target to $14
15 Apr 24
Susquehanna Maintains Positive on Patterson-UTI Energy, Maintains $16 Price Target
8 Apr 24
Assessing Patterson-UTI Energy: Insights From 4 Financial Analysts
1 Apr 24
Susquehanna Maintains Positive on Patterson-UTI Energy, Maintains $16 Price Target
1 Apr 24
A Glimpse Into The Expert Outlook On Patterson-UTI Energy Through 4 Analysts
20 Feb 24
Press releases
Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
8 Apr 24
Patterson-UTI Reports Drilling Activity for March 2024
3 Apr 24
Patterson-UTI Reports Drilling Activity for February 2024
4 Mar 24
Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023
14 Feb 24
Patterson-UTI Reports Drilling Activity for January 2024
5 Feb 24