Provides onshore contract drilling services to oil and natural gas operators. Offers pressure pumping services, including hydraulic fracturing and cementing. Now — the numbers.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
Average growth of 37% a year over the last 4 years. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
This company is not turning a profit, so the market is pricing its sales instead: 1× for every dollar of annual revenue.
Against companies in its own sector, it looks cheaper than 59% of them.
Analysts' average target sits 5% above today's price.
Executive selling isn’t always bad news; people sell for personal reasons too. Still, the thin buying side is worth noting.
The stock trades 35% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 37% a year on average.
It pays out $0.36 per share each year — regular cash for whoever holds the stock.
A loss of $93.6M against $4.8B in annual sales. And on top of that, sales fell from the year before.
Measured against its sector, the quality of the business sits below the class average. Report-card grade: 32/100.
The balance sheet offers little cushion against a rough stretch. Report-card grade: 40/100.
On our five-subject report card, PTEN sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: PTEN has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.
The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.