N Atl DRILLING/SH NEW (OTCMKTS:NADLQ) and Patterson-UTI Energy (NASDAQ:PTEN) are both oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, valuation, institutional ownership, dividends, analyst recommendations, risk and earnings.
Earnings & Valuation
This table compares N Atl DRILLING/SH NEW and Patterson-UTI Energy’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|N Atl DRILLING/SH NEW||$257.50 million||0.00||-$297.70 million||N/A||N/A|
|Patterson-UTI Energy||$3.33 billion||0.90||-$321.42 million||($0.34)||-41.41|
Patterson-UTI Energy pays an annual dividend of $0.16 per share and has a dividend yield of 1.1%. N Atl DRILLING/SH NEW does not pay a dividend. Patterson-UTI Energy pays out -47.1% of its earnings in the form of a dividend.
This is a summary of current ratings and target prices for N Atl DRILLING/SH NEW and Patterson-UTI Energy, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|N Atl DRILLING/SH NEW||0||0||0||0||N/A|
Patterson-UTI Energy has a consensus target price of $20.44, suggesting a potential upside of 45.15%.
Institutional and Insider Ownership
97.0% of Patterson-UTI Energy shares are owned by institutional investors. 3.7% of Patterson-UTI Energy shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
This table compares N Atl DRILLING/SH NEW and Patterson-UTI Energy’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|N Atl DRILLING/SH NEW||N/A||N/A||N/A|
Patterson-UTI Energy beats N Atl DRILLING/SH NEW on 6 of the 10 factors compared between the two stocks.
About N Atl DRILLING/SH NEW
North Atlantic Drilling Ltd. operates as an offshore drilling contractor in the North Atlantic region. The company provides harsh environment offshore drilling services to the oil and gas industry primarily in Norway, the United Kingdom, Ireland, Denmark, the Netherlands, the east coast of Greenland, Russia, the Baltic Sea, and the Gulf of Bothnia. As of December 31, 2017, it owned seven offshore drilling rigs, including three semi-submersibles, one drillship, and three jack-up rigs. The company was founded in 2011 and is headquartered in Hamilton, Bermuda. North Atlantic Drilling Ltd. is a subsidiary of Seadrill Limited. On September 12, 2017, North Atlantic Drilling Ltd. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas. It is in joint administration with Seadrill Limited.
About Patterson-UTI Energy
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2018, this segment had a drilling fleet of 252 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, wireline steering tools, and services that enhance the accuracy of horizontal wellbore placement. Patterson-UTI Energy, Inc. also manufactures and sells pipe handling components and related technology to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
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