PATTERSON-UTI ENERGY, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.89 USD | -2.42% |
|
+1.97% | +0.83% |
| May. 06 | Piper Sandler Cuts Price Target on Patterson-UTI Energy to $14 From $17, Maintains Overweight Rating | MT |
| May. 02 | Transcript : Patterson-UTI Energy, Inc., Q1 2024 Earnings Call, May 02, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,041 | 986.2 | 1,818 | 3,651 | 4,507 | 4,375 | - | - |
| Enterprise Value (EV) 1 | 2,834 | 1,663 | 2,552 | 4,345 | 5,539 | 5,211 | 4,973 | 4,392 |
| P/E ratio | -5 x | -1.23 x | -2.51 x | 24.1 x | 12.3 x | 22.7 x | 12.4 x | 6.39 x |
| Yield | 1.52% | 1.9% | 0.95% | 1.19% | 2.96% | 2.94% | 2.96% | 3.79% |
| Capitalization / Revenue | 0.83 x | 0.88 x | 1.34 x | 1.38 x | 1.09 x | 0.73 x | 0.69 x | 0.65 x |
| EV / Revenue | 1.15 x | 1.48 x | 1.88 x | 1.64 x | 1.34 x | 0.88 x | 0.78 x | 0.66 x |
| EV / EBITDA | 4.66 x | 9.53 x | 14.9 x | 6.28 x | 4.68 x | 3.62 x | 3.08 x | 2.56 x |
| EV / FCF | 8.13 x | 12.5 x | -35.7 x | 33.6 x | 14.2 x | 8.78 x | 7.31 x | 5.08 x |
| FCF Yield | 12.3% | 8.02% | -2.8% | 2.98% | 7.05% | 11.4% | 13.7% | 19.7% |
| Price to Book | 0.71 x | 0.49 x | 1.13 x | 2.16 x | 0.92 x | 0.93 x | 0.89 x | 0.79 x |
| Nbr of stocks (in thousands) | 194,426 | 187,494 | 215,112 | 216,822 | 417,283 | 401,701 | - | - |
| Reference price 2 | 10.50 | 5.260 | 8.450 | 16.84 | 10.80 | 10.89 | 10.89 | 10.89 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/10/22 | 2/8/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,471 | 1,124 | 1,357 | 2,648 | 4,146 | 5,954 | 6,385 | 6,697 |
| EBITDA 1 | 608.3 | 174.5 | 171.2 | 691.7 | 1,183 | 1,439 | 1,616 | 1,718 |
| EBIT 1 | -427.5 | -892.3 | -678 | 213.1 | 450 | 334.6 | 539.3 | 777.7 |
| Operating Margin | -17.3% | -79.36% | -49.96% | 8.05% | 10.85% | 5.62% | 8.45% | 11.61% |
| Earnings before Tax (EBT) 1 | -530.4 | -931 | -719.8 | 167.9 | 307.1 | 272 | 513.2 | 787.6 |
| Net income 1 | -425.7 | -803.7 | -654.5 | 154.7 | 246.3 | 197.2 | 351.2 | 695.7 |
| Net margin | -17.23% | -71.49% | -48.23% | 5.84% | 5.94% | 3.31% | 5.5% | 10.39% |
| EPS 2 | -2.100 | -4.270 | -3.360 | 0.7000 | 0.8800 | 0.4801 | 0.8765 | 1.705 |
| Free Cash Flow 1 | 348.7 | 133.4 | -71.59 | 129.4 | 390.2 | 593.8 | 680.2 | 864.8 |
| FCF margin | 14.11% | 11.86% | -5.28% | 4.89% | 9.41% | 9.97% | 10.65% | 12.91% |
| FCF Conversion (EBITDA) | 57.32% | 76.45% | - | 18.71% | 32.98% | 41.26% | 42.09% | 50.33% |
| FCF Conversion (Net income) | - | - | - | 83.66% | 158.44% | 301.1% | 193.66% | 124.31% |
| Dividend per Share 2 | 0.1600 | 0.1000 | 0.0800 | 0.2000 | 0.3200 | 0.3200 | 0.3220 | 0.4125 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/10/22 | 2/8/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 466.5 | 509.4 | 622.2 | 727.5 | 788.5 | 791.8 | 758.9 | 1,011 | 1,584 | 1,510 | 1,447 | 1,506 | 1,500 | 1,511 | 1,573 |
| EBITDA 1 | 49.28 | 99.64 | 155.9 | 196.7 | 239.5 | 255.6 | 233.7 | 276.9 | 409.1 | 375 | 336.2 | 361.4 | 357.6 | 369.5 | 394.2 |
| EBIT 1 | -361.9 | -17.02 | 36.94 | 76.37 | 116.8 | 126 | 112.5 | 79.89 | 131.7 | 87 | 59.45 | 87.57 | 89.24 | 99.33 | 121.5 |
| Operating Margin | -77.58% | -3.34% | 5.94% | 10.5% | 14.81% | 15.91% | 14.83% | 7.9% | 8.31% | 5.76% | 4.11% | 5.82% | 5.95% | 6.57% | 7.72% |
| Earnings before Tax (EBT) 1 | -372.5 | -27.85 | 23.67 | 63.65 | 108.4 | 119.9 | 98.38 | -4.408 | 93.27 | 71.7 | 44.99 | 71.49 | 73.84 | 86.23 | 113.8 |
| Net income 1 | -361.8 | -28.78 | 21.89 | 61.45 | 100.1 | 99.68 | 84.61 | 0.05 | 61.95 | 51.24 | 32.14 | 52.21 | 53.55 | 85.22 | 109.4 |
| Net margin | -77.56% | -5.65% | 3.52% | 8.45% | 12.69% | 12.59% | 11.15% | 0% | 3.91% | 3.39% | 2.22% | 3.47% | 3.57% | 5.64% | 6.95% |
| EPS 2 | -1.680 | -0.1300 | 0.1000 | 0.2800 | 0.4500 | 0.4600 | 0.4000 | - | 0.1500 | 0.1300 | 0.0798 | 0.1296 | 0.1344 | 0.1586 | 0.2057 |
| Dividend per Share 2 | 0.0200 | 0.0400 | 0.0400 | 0.0400 | 0.0800 | 0.0800 | 0.0800 | 0.0800 | 0.0800 | - | 0.0800 | 0.0800 | 0.0800 | 0.0880 | 0.0900 |
| Announcement Date | 2/10/22 | 4/27/22 | 7/28/22 | 10/26/22 | 2/8/23 | 5/1/23 | 7/26/23 | 11/8/23 | 2/14/24 | 5/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 792 | 677 | 735 | 693 | 1,032 | 836 | 598 | 17.1 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.303 x | 3.878 x | 4.293 x | 1.002 x | 0.8723 x | 0.581 x | 0.3701 x | 0.009977 x |
| Free Cash Flow 1 | 349 | 133 | -71.6 | 129 | 390 | 594 | 680 | 865 |
| ROE (net income / shareholders' equity) | -6.42% | -16.9% | -20.6% | 9.56% | - | 4.01% | 7.29% | 10.2% |
| ROA (Net income/ Total Assets) | -4.11% | -10.6% | -11.9% | 5.13% | - | 2.8% | 4.06% | - |
| Assets 1 | 10,358 | 7,609 | 5,489 | 3,014 | - | 7,046 | 8,646 | - |
| Book Value Per Share 2 | 14.80 | 10.70 | 7.480 | 7.800 | 11.70 | 11.70 | 12.20 | 13.70 |
| Cash Flow per Share 2 | 3.430 | 1.480 | 0.4900 | 2.580 | 3.590 | 2.990 | 3.710 | 3.810 |
| Capex 1 | 348 | 145 | 167 | 437 | 616 | 740 | 752 | 751 |
| Capex / Sales | 14.07% | 12.94% | 12.31% | 16.5% | 14.85% | 12.42% | 11.78% | 11.22% |
| Announcement Date | 2/6/20 | 2/4/21 | 2/10/22 | 2/8/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
10.89
USD
Average target price
15.56
USD
Spread / Average Target
+42.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.83% | 4.37B | |
| +3.97% | 17.12B | |
| +6.77% | 9.37B | |
| -4.36% | 6.58B | |
| +6.31% | 5.28B | |
| -23.33% | 5.37B | |
| -9.29% | 4.72B | |
| +15.46% | 3.96B | |
| +6.99% | 3.83B | |
| -19.37% | 3.65B |
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- Financials Patterson-UTI Energy, Inc.
