Patterson-UTI Energy, Inc.
PTEN

$3.11 B
Marketcap
$7.90
Share price
Country
$-0.02
Change (1 day)
$13.62
Year High
$7.45
Year Low
Categories

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 new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

marketcap

P/E ratio for Patterson-UTI Energy, Inc. (PTEN)

P/E ratio as of 2023: 12.26

According to Patterson-UTI Energy, Inc.'s latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.26. At the end of 2022 the company had a P/E ratio of 23.51.

P/E ratio history for Patterson-UTI Energy, Inc. from 1992 to 2023

PE ratio at the end of each year

Year P/E ratio
2023 12.26
2022 23.51
2021 -2.51
2020 -1.23
2019 -5.01
2018 -7.04
2017 772.63
2016 -12.35
2015 -7.45
2014 14.69
2013 19.44
2012 9.40
2011 9.54
2010 28.15
2009 -60.96
2008 5.09
2007 6.89
2006 5.70
2005 15.07
2004 29.74
2003 47.98
2002 1095.12
2001 10.85
2000 111.69
1999 -46.43
1998 -428.26
1997 24.82
1996 29.67
1995 18.78
1994 5.54
1993 13.22
1992 107.09