$Patterson-UTI Energy (PTEN.US)$It was launched in 1993 and ...

Revenue has shrunk sharply in the past 5 years in 2019 and 2020, and has recovered in the past two years, but it has not reached recent highs. Operating profit lost a lot in the first 4 years, only a small profit in 2022, and net profit reached 155 million in 2022. Interest expenses account for 18.8% of operating profit in 2022, and the interest burden is heavy. Return on net assets 9.4%.

In the first three quarters of 2023, revenue increased 37.8%, operating profit increased 2.3 times to 320 million, and net profit increased 2.4 times to 180 million.

Currently, the price-earnings ratio is 15.2, and the price-earnings ratio is TTM 8.6. However, even if net profit reaches 240 million in 2023, the 5-year average net profit is still in loss. The net market ratio is 0.9, and the dividend rate is 3%. The valuation is not low in terms of cyclical stocks, and it is not very attractive for the time being.