Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.verified

PTEN

Price:

$7.68

Market Cap:

$2.99B

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 Current Ratio as of December 2024 (TTM) for Patterson-UTI Energy, Inc. (PTEN) is 1.52

According to Patterson-UTI Energy, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.52. This represents a change of 2.64% compared to the average of 1.48 of the last 4 quarters.

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

How has PTEN Current Ratio performed in the past?

The mean historical Current Ratio of Patterson-UTI Energy, Inc. over the last ten years is 1.50. The current 1.52 Current Ratio has changed 10.01% with respect to the historical average. Over the past ten years (40 quarters), PTEN's Current Ratio was at its highest in in the March 2017 quarter at 2.48. The Current Ratio was at its lowest in in the December 2016 quarter at 1.07.

Quarterly (TTM)
Annual

Average

1.50

Median

1.54

Minimum

1.07

Maximum

1.81

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

Discovering the peaks and valleys of Patterson-UTI Energy, Inc. Current 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 = 32.05%

Maximum Annual Current Ratio = 1.81

Minimum Annual Increase = -32.24%

Minimum Annual Current Ratio = 1.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.41-6.05%
20221.5112.42%
20211.34-23.31%
20201.7510.71%
20191.58-12.64%
20181.8132.05%
20171.3727.79%
20161.07-32.24%
20151.58-1.27%
20141.60-29.93%

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

How has PTEN Current Ratio performed in the past?

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

3-year avg

1.42

5-year avg

1.52

10-year avg

1.50

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

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

Patterson-UTI Energy, Inc.’s Current Ratio is less than Nabors Industries Ltd. (1.88), less than Precision Drilling Corporation (1.54), less than Diamond Offshore Drilling, Inc. (1.73), less than Noble Corporation Plc (1.57), less than Helmerich & Payne, Inc. (2.67), less than Seadrill Limited (2.53), greater than Borr Drilling Limited (1.41), less than Transocean Ltd. (1.64),

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