Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.verified

PTEN

Price:

$10.43

Market Cap:

$4.19B

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of...[Read more]

Industry

Oil & Gas Drilling

IPO Date

1993-11-02

Stock Exchange

NASDAQ

Ticker

PTEN

The PE Ratio as of July 2024 (TTM) for Patterson-UTI Energy, Inc. (PTEN) is 69.53

According to Patterson-UTI Energy, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 69.53. This represents a change of -98.58% compared to the average of 4.88K of the last 4 quarters.

Patterson-UTI Energy, Inc. (PTEN) Historical PE Ratio (quarterly & annually)

How has PTEN PE Ratio performed in the past?

The mean historical PE Ratio of Patterson-UTI Energy, Inc. over the last ten years is 78.75. The current 69.53 PE Ratio has changed 8.73% with respect to the historical average. Over the past ten years (40 quarters), PTEN's PE Ratio was at its highest in in the September 2023 quarter at 19.39K. The PE Ratio was at its lowest in in the June 2018 quarter at -90.00.

Quarterly (TTM)
Annual

Average

78.75

Median

-1.87

Minimum

-12.35

Maximum

772.63

Patterson-UTI Energy, Inc. (PTEN) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Patterson-UTI Energy, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 103.82%

Maximum Annual PE Ratio = 772.63

Minimum Annual Increase = -6356.84%

Minimum Annual PE Ratio = -12.35

Quarterly (TTM)
Annual
YearPE RatioChange
202312.26-47.87%
202223.51-1037.50%
2021-2.51103.82%
2020-1.23-75.43%
2019-5.01-28.87%
2018-7.04-100.91%
2017772.63-6356.84%
2016-12.3565.83%
2015-7.45-150.68%
201414.69-24.42%

Patterson-UTI Energy, Inc. (PTEN) Average PE Ratio

How has PTEN PE Ratio performed in the past?

The current PE Ratio of Patterson-UTI Energy, Inc. (PTEN) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

11.09

5-year avg

5.40

10-year avg

78.75

Patterson-UTI Energy, Inc. (PTEN) PE Ratio vs. Peers

How is PTEN’s PE Ratio compared to its peers?

Patterson-UTI Energy, Inc.’s PE Ratio is greater than Nabors Industries Ltd. (-6.38), greater than Precision Drilling Corporation (6.33), greater than Diamond Offshore Drilling, Inc. (-41.74), greater than Noble Corporation (14.28), greater than Helmerich & Payne, Inc. (11.47), greater than Seadrill Limited (12.51), greater than Borr Drilling Limited (38.57), greater than Transocean Ltd. (-12.15),

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