RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Patterson-UTI Energy Stock

Patterson-UTI Energy P/E 2024

Patterson-UTI Energy P/E

26.51

Ticker

PTEN

ISIN

US7034811015

WKN

905153

As of Sep 29, 2024, Patterson-UTI Energy's P/E ratio was 26.51, a 126.97% change from the 11.68 P/E ratio recorded in the previous year.

The Patterson-UTI Energy P/E history

Patterson-UTI Energy Aktienanalyse

What does Patterson-UTI Energy do?

Patterson-UTI Energy Inc is a US-based company specializing in the oil and gas industry. It was founded in 1978 and is headquartered in Houston, Texas. The company began as a small drilling firm in West Texas and quickly became one of the largest oilfield equipment suppliers in the country. Over the years, the company has expanded its offerings to better serve its customers. Its business model is based on providing onshore drilling and fracking services for oil and gas exploration worldwide. The company operates a fleet of modern drilling and fracking equipment and provides internal technical support to increase efficiency and effectiveness. It is involved in various business segments, including drilling services, fracking services and equipment, and natural gas storage and transportation. The company also offers solutions for natural gas storage and transportation, including underground storage and the use of pipelines. Patterson-UTI Energy Inc has experienced strong growth in recent years, largely due to increased demand for oil and gas services. It has a significant number of customers in the industry who prefer its services. Overall, Patterson-UTI Energy Inc is a leading company in the oil and gas industry, specializing in onshore drilling and fracking services. It offers a wide range of products and services and is a key source of equipment and systems in the industry. With its continuous growth and experience, it is well positioned to continue to be successful and maintain its leading position in the market. Patterson-UTI Energy ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Patterson-UTI Energy's P/E Ratio

The Price to Earnings (P/E) Ratio of Patterson-UTI Energy is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Patterson-UTI Energy's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Patterson-UTI Energy is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Patterson-UTI Energy’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Patterson-UTI Energy stock

What is the price-to-earnings ratio of Patterson-UTI Energy?

The price-earnings ratio of Patterson-UTI Energy is currently 26.51.

How has the price-earnings ratio of Patterson-UTI Energy changed compared to last year?

The price-to-earnings ratio of Patterson-UTI Energy has increased by 126.97% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Patterson-UTI Energy high compared to other companies?

Yes, the price-to-earnings ratio of Patterson-UTI Energy is high compared to other companies.

How does an increase in the price-earnings ratio of Patterson-UTI Energy affect the company?

An increase in the price-earnings ratio of Patterson-UTI Energy would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Patterson-UTI Energy affect the company?

A decrease in the price-earnings ratio of Patterson-UTI Energy would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Patterson-UTI Energy?

Some factors that influence the price-earnings ratio of Patterson-UTI Energy are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Patterson-UTI Energy pay?

Over the past 12 months, Patterson-UTI Energy paid a dividend of 0.32 USD . This corresponds to a dividend yield of about 4.2 %. For the coming 12 months, Patterson-UTI Energy is expected to pay a dividend of 0.31 USD.

What is the dividend yield of Patterson-UTI Energy?

The current dividend yield of Patterson-UTI Energy is 4.2 %.

When does Patterson-UTI Energy pay dividends?

Patterson-UTI Energy pays a quarterly dividend. This is distributed in the months of December, March, July, October.

How secure is the dividend of Patterson-UTI Energy?

Patterson-UTI Energy paid dividends every year for the past 26 years.

What is the dividend of Patterson-UTI Energy?

For the upcoming 12 months, dividends amounting to 0.31 USD are expected. This corresponds to a dividend yield of 4.1 %.

In which sector is Patterson-UTI Energy located?

Patterson-UTI Energy is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Patterson-UTI Energy kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Patterson-UTI Energy from 9/16/2024 amounting to 0.08 USD, you needed to have the stock in your portfolio before the ex-date on 9/3/2024.

When did Patterson-UTI Energy pay the last dividend?

The last dividend was paid out on 9/16/2024.

What was the dividend of Patterson-UTI Energy in the year 2023?

In the year 2023, Patterson-UTI Energy distributed 0.2 USD as dividends.

In which currency does Patterson-UTI Energy pay out the dividend?

The dividends of Patterson-UTI Energy are distributed in USD.

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Andere Kennzahlen von Patterson-UTI Energy

Our stock analysis for Patterson-UTI Energy Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Patterson-UTI Energy Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.