Patterson-UTI Energy Inc.

Patterson-UTI Energy is an oilfield services company that primarily owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment. The company's business segments are: contract drilling services, which markets its contract drilling services to independent and other oil and natural gas operators; pressure pumping services, which provides pressure pumping services to oil and natural gas operators, primarily in Texas, the Mid-Continent region and the Appalachian region; and directional drilling services, which provides a suite of directional drilling services, including directional drilling and downhole performance motors in various onshore oil and natural gas basins.
  • TickerPTEN
  • ISINUS7034811015
  • ExchangeNASDAQ Stock Market
  • SectorOil Equipment, Services & Distribution
  • CountryUnited States

PATTERSON-UTI ENERGY, INC. - March 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

PATTERSON-UTI ENERGY, INC.: Update following the downgrade to Baa3 - Earnings and leverage improvement relies on steep growth in drilling activity

Our credit view of PATTERSON-UTI ENERGY, reflecting its substantially reduced earnings and elevated debt leverage in light of the weak demand growth for oilfield services

Moody's downgrades Patterson-UTI's rating to Baa3; outlook remains negative

Rating Action: Moody's downgrades Patterson-UTI's rating to Baa3; outlook remains negative. Global Credit Research- 25 Mar 2021. Approximately $860 million of unsecured debt instruments affected.

PATTERSON UTI ENERGY reduces its risk exposure and slightly improves to Neutral

The independent financial analyst theScreener just allocated a lower risk rating to PATTERSON UTI ENERGY (US), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date March 12, 2021, the closing price was USD 9.00 and its expected value was estimated at USD 7.08.

Moody's announces completion of a periodic review of ratings of PATTERSON-UTI ENERGY, INC.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of PATTERSON-UTI ENERGY, INC. Global Credit Research- 19 Feb 2021. New York, February 19, 2021-- Moody's Investors Service has completed a periodic review of the ratings of PATTERSON-UTI ENERGY, INC. and other ratings that are associated with the same analytical unit.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrading equal-weight Energy Of the ten items highlighted in last week's Compass that we would like to see in order to turn more bullish, two have happened -- equal-weighted Energy and UK/European Financials are breaking out. Just as important, the other eight items have not deteriorated significantly. This only serves to add to our already positive outlook as equities are poised to test all-time highs. • Upgrading equal-weight Energy to market weight. Energy equities are waking up and beginning to respond to higher crude oil prices. We are upgrading equal-weight Energy to market weight a...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

MarketLine Department

Helmerich & Payne, Inc. - Strategy, SWOT and Corporate Finance Report

Summary Helmerich & Payne, Inc. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Helmerich & Payne, Inc. (H&P or "the company") is a provider of contract drilling services to oil and gas exploration and production companies. The company also provides drilling rigs and equipment on contract basis and directional drilling automation solutions. H&P specializes in sh...

PATTERSON-UTI ENERGY, INC. - March 2021 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

PATTERSON-UTI ENERGY, INC.: Update following the downgrade to Baa3 - Earnings and leverage improvement relies on steep growth in drilling activity

Our credit view of PATTERSON-UTI ENERGY, reflecting its substantially reduced earnings and elevated debt leverage in light of the weak demand growth for oilfield services

Moody's downgrades Patterson-UTI's rating to Baa3; outlook remains negative

Rating Action: Moody's downgrades Patterson-UTI's rating to Baa3; outlook remains negative. Global Credit Research- 25 Mar 2021. Approximately $860 million of unsecured debt instruments affected.

Moody's announces completion of a periodic review of ratings of PATTERSON-UTI ENERGY, INC.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of PATTERSON-UTI ENERGY, INC. Global Credit Research- 19 Feb 2021. New York, February 19, 2021-- Moody's Investors Service has completed a periodic review of the ratings of PATTERSON-UTI ENERGY, INC. and other ratings that are associated with the same analytical unit.

PATTERSON-UTI ENERGY, INC.: Update following the outlook change to negative - Upstream stress will substantially pressure company's metrics

Our credit view of Patterson-UTI reflecting the company’s substantial cash flow weakness in light of capital spending reductions by the upstream oil and gas producers

PATTERSON UTI ENERGY reduces its risk exposure and slightly improves to Neutral

The independent financial analyst theScreener just allocated a lower risk rating to PATTERSON UTI ENERGY (US), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date March 12, 2021, the closing price was USD 9.00 and its expected value was estimated at USD 7.08.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch