Head-To-Head Survey: Patterson-UTI Energy (PTEN) versus Halcon Resources Corporation (HK)
Halcon Resources Corporation (NYSE: HK) and Patterson-UTI Energy (NASDAQ:PTEN) are both oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their profitabiliy, risk, analyst recommendations, dividends, earnings, institutional ownership and valuation.
Patterson-UTI Energy pays an annual dividend of $0.08 per share and has a dividend yield of 0.4%. Halcon Resources Corporation does not pay a dividend. Patterson-UTI Energy pays out -3.8% of its earnings in the form of a dividend.
This table compares Halcon Resources Corporation and Patterson-UTI Energy’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Halcon Resources Corporation||-168.09%||725.38%||6.17%|
Institutional & Insider Ownership
78.6% of Halcon Resources Corporation shares are held by institutional investors. Comparatively, 85.3% of Patterson-UTI Energy shares are held by institutional investors. 2.8% of Halcon Resources Corporation shares are held by company insiders. Comparatively, 4.6% of Patterson-UTI Energy shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Risk and Volatility
Halcon Resources Corporation has a beta of 3.83, meaning that its share price is 283% more volatile than the S&P 500. Comparatively, Patterson-UTI Energy has a beta of 0.9, meaning that its share price is 10% less volatile than the S&P 500.
Earnings & Valuation
This table compares Halcon Resources Corporation and Patterson-UTI Energy’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Halcon Resources Corporation||$474.45 million||0.85||$137.71 million||($111.04)||-0.04|
|Patterson-UTI Energy||$952.10 million||3.54||$173.55 million||($2.09)||-9.77|
Patterson-UTI Energy has higher revenue and earnings than Halcon Resources Corporation. Patterson-UTI Energy is trading at a lower price-to-earnings ratio than Halcon Resources Corporation, indicating that it is currently the more affordable of the two stocks.
This is a breakdown of recent ratings for Halcon Resources Corporation and Patterson-UTI Energy, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Halcon Resources Corporation||1||2||6||0||2.56|
Halcon Resources Corporation currently has a consensus target price of $11.33, indicating a potential upside of 155.83%. Patterson-UTI Energy has a consensus target price of $28.17, indicating a potential upside of 38.04%. Given Halcon Resources Corporation’s stronger consensus rating and higher possible upside, research analysts clearly believe Halcon Resources Corporation is more favorable than Patterson-UTI Energy.
Patterson-UTI Energy beats Halcon Resources Corporation on 10 of the 15 factors compared between the two stocks.
About Halcon Resources Corporation
Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas. The Company’s oil and natural gas assets consist of undeveloped acreage positions in unconventional liquids-rich basins/fields. The Company has reserves in its core resource plays of approximately 143.6 MMBoe, of which over 92% are oil and natural gas liquids, and approximately 55% are proved developed. The Company has working interests in approximately 123,000 net acres prospective in the Bakken/Three Forks formations in North Dakota.
About Patterson-UTI Energy
Patterson-UTI Energy, Inc. is an oilfield services company. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company’s segments include Contract Drilling, Pressure Pumping and Other operations. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators. As of December 31, 2016, the Company had 202 marketed land-based drilling rigs. The Pressure Pumping segment provides pressure pumping services to oil and natural gas operators primarily in Texas (Southwest Region) and the Appalachian region (Northeast Region). The Other operations segment includes the Company’s pipe handling components and related technology business, the oil and natural gas working interests and the Middle East/North Africa business. In addition, the Company owns and invests in oil and natural gas assets as a non-operating working interest owner in Texas and New Mexico.
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