Analysts Give Patterson-UTI Energy, a “Moderate Buy” Rating
November 21, 2023
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PATTERSON-UTI ($NASDAQ:PTEN): Analysts have given Patterson-UTI Energy, Inc. a consensus rating of “Moderate Buy”. Patterson-UTI Energy, Inc. is a leading provider of onshore contract drilling services, well servicing, and other energy related services in the United States. The company operates one of the largest fleets of land-based drilling rigs in North America, providing contract drilling solutions to major and independent oil and natural gas exploration and production companies. Additionally, they provide pressure pumping services to the oil and gas industry. This rating is based on the company’s strong financial performance, as well as its ability to capitalize on current market trends.
In addition, the company’s recent acquisitions and partnerships have provided it with the resources and expertise needed to continue to grow and succeed in the energy industry. Analysts believe that Patterson-UTI Energy, Inc. will be able to continue to generate attractive returns for its shareholders in the long-term.
Stock Price
Analysts have given Patterson-UTI Energy, Inc. a “Moderate Buy” rating, as the company’s stock opened on Monday at $12.2 and closed at $12.0 – a drop of 0.5% from its previous closing price of 12.1. Despite the lack of growth, analysts remain optimistic about the company’s prospects. They believe that Patterson-UTI Energy is well-positioned to benefit from the rise in demand for energy services as the economy recovers.
They further suggest that investors should take advantage of the current prices in order to get in on the company’s potential growth and stock appreciation. Despite the slight decrease in value, analysts are confident that Patterson-UTI Energy will be able to bounce back and deliver on investor expectations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Patterson-uti Energy. More…
| Total Revenues | Net Income | Net Margin |
| 3.35k | 284.44 | 10.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Patterson-uti Energy. More…
| Operations | Investing | Financing |
| 856.22 | -927.21 | 93.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Patterson-uti Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.42k | 2.56k | 11.63 |
Key Ratios Snapshot
Some of the financial key ratios for Patterson-uti Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.9% | -19.9% | 10.9% |
| FCF Margin | ROE | ROA |
| 9.7% | 6.9% | 3.1% |
Analysis
GoodWhale has analyzed the fundamentals of PATTERSON-UTI ENERGY, and our Star Chart classifies the company as a ‘cheetah’. Cheetahs are companies with high revenue or earnings growth, but lower profitability and stability compared to other types of companies. Given these factors, investors interested in PATTERSON-UTI ENERGY should be aware of the potential risks associated with the company. However, GoodWhale’s analysis reveals that this company has a high health score of 8/10 with regard to its cashflows and debt. This suggests that PATTERSON-UTI ENERGY is capable to safely ride out any crisis without the risk of bankruptcy. Our analysis also reveals that PATTERSON-UTI ENERGY is strong in dividend, and medium in asset, growth, and profitability. Therefore, investors who are looking for a more stable and reasonably profitable company should look elsewhere. However, investors looking for higher returns from more risky investments may find PATTERSON-UTI ENERGY attractive. More…
Peers
The Company’s subsidiaries include Patterson-UTI Drilling Company LLC and Universal Pressure Pumping, Inc. Patterson-UTI Energy Inc’s competitors include Awilco Drilling PLC, Ensign Energy Services Inc, Talos Energy Inc.
– Awilco Drilling PLC ($LTS:0Q2K)
Awilco Drilling PLC is a provider of offshore drilling services. The company has a market cap of 169.75M as of 2022 and a return on equity of -2683.9%. The company offers a range of services including drilling, well intervention, and decommissioning.
– Ensign Energy Services Inc ($TSX:ESI)
Ensign Energy Services Inc is a Canadian-based oilfield service company with operations in Canada, the United States, Australia, and internationally. The company provides a range of services to the oil and gas industry, including drilling, completion, and production services. Ensign Energy Services Inc has a market capitalization of $532.99 million as of March 2022 and a return on equity of -1.08%. The company’s operations are focused in the Western Canadian Sedimentary Basin, the Permian Basin in the United States, and the Canning Basin in Australia.
– Talos Energy Inc ($NYSE:TALO)
Talos Energy Inc is an American oil and gas exploration and production company with a focus on the Gulf of Mexico and offshore Mexico. The company has a market cap of 1.71B as of 2022. Talos Energy Inc’s Return on Equity is 25.13%. Talos Energy Inc is headquartered in Houston, Texas.
Summary
Analysts have given Patterson-UTI Energy, Inc. a consensus rating of “Moderate Buy”. This rating indicates that the company is expected to outperform the market in the near future. Investors should consider the stock for a long-term investment, as Patterson-UTI Energy, Inc. has a strong track record of providing returns, and its current financial performance is encouraging. Analysts recommend that investors maintain their position in the company, as it is likely to appreciate in the coming months.
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