Patterson-UTI Energy Company Profile (NASDAQ:PTEN)

Analyst Ratings

Consensus Ratings for Patterson-UTI Energy (NASDAQ:PTEN) (?)
Ratings Breakdown: 3 Sell Rating(s), 12 Hold Rating(s), 14 Buy Rating(s)
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $19.00 (3.26% downside)

Analysts' Ratings History for Patterson-UTI Energy (NASDAQ:PTEN)
Show:
DateFirmActionRatingPrice TargetActions
7/15/2016KLR GroupReiterated RatingHold$29.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/13/2016Citigroup Inc.Boost Price TargetNeutral$20.00 -> $23.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/11/2016Jefferies GroupUpgradeHold -> Buy$19.00 -> $25.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/8/2016Seaport Global SecuritiesUpgradeNeutral -> BuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/5/2016Goldman Sachs Group Inc.Reiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/29/2016SimmonsUpgradeNeutral -> Overweight$17.50 -> $23.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/29/2016Piper Jaffray Cos.UpgradeNeutral -> OverweightView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/20/2016ScotiabankReiterated RatingSector Perform$20.00 -> $22.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/20/2016Howard WeilBoost Price TargetSector Perform$20.00 -> $22.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/16/2016GabelliInitiated CoverageHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/1/2016Credit Suisse Group AGDowngradeNeutral -> Underperform$14.00 -> $15.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/2/2016GMP SecuritiesDowngradeBuy -> HoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/29/2016Royal Bank Of CanadaBoost Price TargetOutperform$20.00 -> $22.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/29/2016WunderlichDowngradeBuy -> Hold$20.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/19/2016Morgan StanleyBoost Price TargetOverweight$18.50 -> $21.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/18/2016StephensLower Price TargetUnderweight$12.00 -> $10.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/15/2016JPMorgan Chase & Co.DowngradeNeutral -> Underweight$13.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/8/2016NomuraInitiated CoverageNeutral$16.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/12/2016Deutsche Bank AGReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/11/2016BMO Capital MarketsDowngradeOutperform -> Market Perform$17.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/9/2016SusquehannaBoost Price TargetPositive$17.00 -> $20.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/5/2016Raymond James Financial Inc.Reiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/5/2016MacquarieBoost Price TargetNeutral$14.00 -> $15.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/13/2016SunTrust Banks Inc.Boost Price Target$13.00 -> $14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/11/2016Wells Fargo & Co.UpgradeMarket Perform -> OutperformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/30/2015GuggenheimUpgradeNeutral -> Buy$24.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/23/2015Evercore ISILower Price Target$21.00 -> $19.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
10/23/2015Cowen and CompanyLower Price TargetOutperform$20.00 -> $18.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/9/2015Tudor PickeringDowngradeAccumulate -> HoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/26/2015Credit Agricole SADowngradeOutperform -> Underperform$17.00 -> $22.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/6/2015Capital One Financial Corp.DowngradeOverweight -> Equal WeightView Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/16/2014KeyCorpInitiated CoverageHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/28/2014 forward)

Earnings

Earnings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016        
7/28/2016Q216($0.62)$193.19 millionListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2016Q116($0.54)($0.48)$261.43 million$269.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/4/2016Q415($0.48)($0.40)$322.39 million$338.60 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/22/2015Q315($0.34)($0.26)$416.77 million$422.30 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/23/2015Q215($0.27)($0.13)$449.66 million$473.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/23/2015Q115$0.03$0.06$682.77 million$657.70 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/5/2015Q414$0.50$0.53$893.40 million$901.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/23/2014Q314$0.47$0.47$834.81 million$846.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/24/2014Q214$0.32$0.37$708.56 million$757.28 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/24/2014Q114$0.25$0.24$679.52 million$678.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/6/2014Q413$0.22$0.11$654.60 million$659.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/24/2013Q313$0.32$0.51$680.92 million$731.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/25/2013Q2 2013$0.30$0.28$646.39 million$659.32 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/25/2013Q1 2013$0.36$0.38$656.16 million$667.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/7/2013Q4 2012$0.28$0.40$599.34 million$653.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/25/2012$0.38$0.39ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/26/2012$0.44$0.60ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/26/2012$0.58$0.62ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/2/2012$0.63$0.56ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/27/2011$0.57$0.53ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/28/2011$0.49$0.52ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2011$0.44$0.46ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/3/2011$0.33$0.37ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Patterson-UTI Energy (NASDAQ:PTEN)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20167($0.59)($0.51)($0.55)
Q2 20165($0.64)($0.61)($0.63)
Q3 20166($0.64)($0.56)($0.61)
Q4 20166($0.65)($0.54)($0.59)
Q1 20174($0.58)($0.55)($0.57)
Q2 20174($0.59)($0.52)($0.55)
Q3 20174($0.53)($0.42)($0.50)
Q4 20174($0.49)($0.39)($0.45)
Q1 20181($0.34)($0.34)($0.34)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Patterson-UTI Energy (NASDAQ:PTEN)
Annual Dividend:$0.08
Dividend Yield:0.41%
Payout Ratio:-3.14% (Based on Trailing 12 Months of Earnings)
-3.43% (Based on Current Year Consensus EPS Estimate)
-4.40% (Based on Next Year Consensus EPS Estimate)

Dividend History for Patterson-UTI Energy (NASDAQ:PTEN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
4/29/2016quarterly$0.020.41%6/7/20166/9/20166/23/2016Tweet This Announcement  Share This Announcement on StockTwits
2/4/2016quarterly$0.103.01%3/8/20163/10/20163/24/2016Tweet This Announcement  Share This Announcement on StockTwits
10/22/2015quarterly$0.102.7%12/8/201512/10/201512/24/2015Tweet This Announcement  Share This Announcement on StockTwits
7/23/2015quarterly$0.102.48%9/8/20159/10/20159/24/2015Tweet This Announcement  Share This Announcement on StockTwits
4/23/2015quarterly$0.101.89%6/8/20156/10/20156/24/2015Tweet This Announcement  Share This Announcement on StockTwits
2/10/2015quarterly$0.102.38%3/9/20153/11/20153/25/2015Tweet This Announcement  Share This Announcement on StockTwits
10/24/2014quarterly$0.101.64%12/8/201412/10/201412/24/2014Tweet This Announcement  Share This Announcement on StockTwits
7/24/2014quarterly$0.101.07%9/8/20149/10/20149/24/2014Tweet This Announcement  Share This Announcement on StockTwits
4/24/2014quarterly$0.101.24%6/10/20146/12/20146/26/2014Tweet This Announcement  Share This Announcement on StockTwits
2/7/2014quarterly$0.101.42%3/10/20143/12/20143/27/2014Tweet This Announcement  Share This Announcement on StockTwits
10/24/2013quarterly$0.050.9%12/13/201312/17/201312/31/2013Tweet This Announcement  Share This Announcement on StockTwits
7/25/2013quarterly$0.051%9/12/20139/16/20139/30/2013Tweet This Announcement  Share This Announcement on StockTwits
4/25/2013quarterly$0.050.94%6/12/20136/14/20136/28/2013Tweet This Announcement  Share This Announcement on StockTwits
2/8/2013quarterly$0.050.85%3/13/20133/15/20133/29/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Patterson-UTI Energy (NASDAQ:PTEN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
10/29/2014Michael W ConlonDirectorBuy3,000$23.33$69,990.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/27/2014Cloyce A TalbottDirectorSell400,000$34.49$13,796,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/12/2014Kenneth N BernsSVPSell85,000$33.62$2,857,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/12/2014Mark S SiegelChairmanSell340,000$33.62$11,430,800.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/9/2014James Michael HolcombInsiderSell44,445$33.63$1,494,685.35View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
4/29/2014Mark SiegelChairmanSell225,000$32.54$7,321,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/7/2014Cloyce TalbottDirectorSell120,000$29.22$3,506,400.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/20/2013Charles Oliver BucknerDirectorSell10,000$25.14$251,400.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Patterson-UTI Energy (NASDAQ:PTEN)
DateHeadline
07/27/16 06:22 PMEarnings Estimates & Analyst Opinion on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - The Voice Registrar
07/26/16 06:21 PMLatest Analysts Tips Update: Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) , Patterson-UTI Energy, Inc. (NASDAQ ... - Street Updates
07/26/16 06:21 PMStocks in Review: Patterson-UTI Energy Inc. (PTEN), CSX Corp. (CSX), Symantec Corporation (SYMC) - iStreetWire
07/26/16 07:27 AMPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bearish Manner : PTEN-US : July 26, 2016 -
07/25/16 06:06 PMPatterson-UTI Energy (PTEN) Shares are Down -3.11% - Trade Calls
07/24/16 10:03 AMAnalyst Review on this Stock: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - News Oracle
07/23/16 09:49 AM3 Stocks in Focus: CarMax Inc. (KMX), Patterson-UTI Energy Inc. (PTEN), The Dow Chemical Company (DOW) - iStreetWire
07/23/16 09:49 AMIs $34 Price Target Attainable For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)? - Investor Newswire
07/23/16 09:49 AMTime to Buy Calls on Patterson-UTI Energy, Inc. (PTEN)? - Schaeffers Research (blog)
07/21/16 08:51 AMEquity Roundup: Stock Performance Focus on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Press Telegraph
07/18/16 06:05 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Earnings Concentration and Analyst Target Watch - Engelwood Daily
07/18/16 06:05 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Taking a Look at the Current Company Impact Score - Press Telegraph
07/17/16 05:23 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Earnings Review and Target Watch - TGP
07/16/16 05:27 PMFocusing on Shares of: Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - TGP
07/16/16 05:27 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock Rating View - Engelwood Daily
07/16/16 09:13 AMStrong Sell Calls For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) At 2 - Investor Newswire
07/16/16 09:13 AMStocks in Review: Patterson-UTI Energy Inc. (PTEN), Canadian Natural Resources Limited (CNQ), United Parcel ... - iStreetWire
07/15/16 10:06 AMWhat Are Patterson-UTI Energy’s Management Estimates for 2Q16? -
07/14/16 09:35 AMAnalysts Rating updates about two Stocks: Chesapeake Energy Corporation (NYSE:CHK) , Patterson-UTI Energy, Inc ... - Street Updates
07/14/16 09:35 AMPatterson-UTI Energy Inc Realized Volatility Hits Extreme Level - CML News
07/12/16 10:21 AMPatterson-UTI Energy amends bank credit agreement
07/12/16 06:39 AMBRIEF-Patterson-UTI Energy amends its bank credit agreement - * Amended its $500 million senior unsecured revolving credit agreement
07/12/16 05:13 AMPatterson-UTI Energy Amends its Bank Credit Agreement - [at noodls] - HOUSTON, July 12, 2016 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) announced today that it has amended its $500 million senior unsecured revolving credit agreement to, among other things, ...
07/12/16 05:05 AMPATTERSON UTI ENERGY INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material De -
07/11/16 10:37 AMImpact Score and Stock Sentiment Outlook :Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Press Telegraph
07/09/16 05:20 PMPatterson UTI Energy (PTEN) Trading Near $19.35 Support Level
07/09/16 09:05 AMIs $26 Within Reach For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)? - Investor Newswire
07/08/16 05:58 PMNews Sentiment and Impact Score Review for :Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Press Telegraph
07/07/16 06:02 PMEarnings Review and Price Target Watch for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Press Telegraph
07/07/16 06:02 PMPatterson-UTI Energy (PTEN) : Analyst Rating Update - TheFounders Daily
07/07/16 08:48 AMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock Update: Check on Ratings and Target Price - Telanagana Press
07/05/16 10:25 AMPatterson-UTI Energy reports June 2016 drilling activity
07/05/16 05:21 AMPatterson-UTI Reports Drilling Activity for June 2016 - [at noodls] - HOUSTON, July 5, 2016 /PRNewswire/ --PATTERSON-UTI ENERGY, INC.(NASDAQ: PTEN) today reported that for the month of June 2016, the Company had an average of 54 drilling rigs operating in the United States, ...
07/03/16 10:08 AMFocus Stock Performance Review : Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Telanagana Press
07/01/16 05:58 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Expected to Reach Highs Of $26 - Investor Newswire
07/01/16 05:58 PMTarget Price and Ratings Outlook Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Press Telegraph
06/30/16 06:15 PMShare Insight and Performance Recap : Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Telanagana Press
06/30/16 06:15 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN): Taking a look at the Consensus Estimates from Analysts - Telanagana Press
06/30/16 06:15 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Average Stock Rating Review - Engelwood Daily
06/30/16 06:15 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Company Rating and Target Watch - Telanagana Press
06/30/16 06:15 PMBaxter International (NYSE:BAX) & Patterson-UTI Energy, (NASDAQ:PTEN) Stocks to Watch - Money News (press release)
06/30/16 06:15 PMStock under Analysts' radar: Patterson-UTI Energy Inc. (PTEN) - News Oracle
06/29/16 01:07 PMPatterson-UTI (PTEN) Stock Gains on Upgrade, Rallying Oil Prices -
06/29/16 10:06 AMWhy Is Patterson-UTI Energy Reducing Its Dividend? -
06/29/16 08:06 AMIs Patterson-UTI Energy Meeting Its Fund Obligations Internally? -
06/29/16 05:21 AMPatterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast - [at noodls] - HOUSTON, June 29, 2016 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.(NASDAQ: PTEN) will hold a conference call on Thursday, July 28, 2016, at 9:00 a.m. Central Time to discuss results for the second quarter ...
06/27/16 05:56 PMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Earnings Glance and Target Price Review - Engelwood Daily
06/27/16 10:06 AMPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Broker Price Targets For The Coming Week - Fiscal Standard
06/24/16 06:01 PMConsensus View on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock and Check on Movement - Press Telegraph
06/24/16 06:01 PMStrong Sell Calls Recommendations For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) At 2 - Investor Newswire

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About Patterson-UTI Energy

Patterson-UTI Energy logoPatterson-UTI Energy, Inc. owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company operates in three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Company provides contract drilling services to oil and natural gas operators in the continental United States, and western and northern Canada. The Company provides pressure-pumping services to oil and natural gas operators. The Company also invests in oil and natural gas properties. The Company's Contract Drilling segment markets its contract drilling services to oil and natural gas operators. The Company's Pressure Pumping segment provides pressure-pumping services to oil and natural gas operators in Texas and the Appalachian region. The Company's oil and natural gas working interests are located in producing regions of Texas and New Mexico. Pressure pumping services consist of well stimulation, such as hydraulic fracturing.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Drilling
  • Exchange: NASDAQ
  • Symbol: PTEN
  • CUSIP: 70348110
Key Metrics:
  • Previous Close: $19.64
  • 50 Day Moving Average: $20.83
  • 200 Day Moving Average: $17.50
  • P/E Ratio: N/A
  • P/E Growth: 0.79
  • Market Cap: $2.86B
  • Beta: 1.36
  • Current Year EPS Consensus Estimate: $-2.33 EPS
  • Next Year EPS Consensus Estimate: $-1.82 EPS
Additional Links:
Patterson-UTI Energy (NASDAQ:PTEN) Chart for Thursday, July, 28, 2016