Patterson-UTI Energy Company Profile (NASDAQ:PTEN)

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: $18.80
  • 50 Day Moving Average: $19.85
  • 200 Day Moving Average: $19.18
  • 52-Week Range: $146,252,000.00 - $10.94
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -10.11
  • P/E Growth: 0.54
  • Market Cap: $2.75B
  • Outstanding Shares: 146,252,000
  • Beta: 1.19
  • Net Margins: -36.04%
  • Return on Equity: -10.09%
  • Return on Assets: -5.71%
  • Debt-to-Equity Ratio: 0.31%
  • Current Ratio: 1.56%
  • Quick Ratio: 1.52%
Additional Links:
Companies Related to Patterson-UTI Energy:

Analyst Ratings

Consensus Ratings for Patterson-UTI Energy (NASDAQ:PTEN) (?)
Ratings Breakdown: 4 Sell Ratings, 9 Hold Ratings, 15 Buy Ratings
Consensus Rating:Hold (Score: 2.39)
Consensus Price Target: $19.75 (5.05% upside)

Analysts' Ratings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateFirmActionRatingPrice TargetDetails
9/15/2016DA DavidsonReiterated RatingBuy$26.00View Rating Details
9/14/2016GabelliUpgradeHold -> Buy$26.00View Rating Details
9/12/2016Citigroup Inc.Lower Price TargetNeutral$22.00 -> $21.00View Rating Details
8/16/2016NomuraSet Price TargetHold$18.00View Rating Details
8/16/2016Bank of America Corp.UpgradeUnderperform -> NeutralView Rating Details
8/9/2016MacquarieDowngradeNeutral -> Underperform$14.00View Rating Details
7/29/2016Cowen and CompanyBoost Price TargetOutperform$21.00 -> $23.00View Rating Details
7/15/2016KLR GroupReiterated RatingHold$29.00View Rating Details
7/11/2016Jefferies GroupUpgradeHold -> Buy$19.00 -> $25.00View Rating Details
7/8/2016Seaport Global SecuritiesUpgradeNeutral -> BuyView Rating Details
7/5/2016Goldman Sachs Group Inc.Reiterated RatingBuyView Rating Details
6/29/2016SimmonsUpgradeNeutral -> Overweight$17.50 -> $23.00View Rating Details
6/29/2016Piper Jaffray Cos.UpgradeNeutral -> OverweightView Rating Details
6/20/2016ScotiabankReiterated RatingSector Perform$20.00 -> $22.00View Rating Details
6/20/2016Howard WeilBoost Price TargetSector Perform$20.00 -> $22.00View Rating Details
6/1/2016Credit Suisse Group AGDowngradeNeutral -> Underperform$14.00 -> $15.00View Rating Details
5/2/2016GMP SecuritiesDowngradeBuy -> HoldView Rating Details
4/29/2016Royal Bank Of CanadaBoost Price TargetOutperform$20.00 -> $22.00View Rating Details
4/29/2016WunderlichDowngradeBuy -> Hold$20.00View Rating Details
4/19/2016Morgan StanleyBoost Price TargetOverweight$18.50 -> $21.00View Rating Details
4/18/2016StephensLower Price TargetUnderweight$12.00 -> $10.00View Rating Details
4/15/2016JPMorgan Chase & Co.DowngradeNeutral -> Underweight$13.00View Rating Details
3/12/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
3/11/2016BMO Capital MarketsDowngradeOutperform -> Market Perform$17.00View Rating Details
3/9/2016SusquehannaBoost Price TargetPositive$17.00 -> $20.00View Rating Details
2/5/2016Raymond James Financial Inc.Reiterated RatingBuyView Rating Details
1/13/2016SunTrust Banks Inc.Boost Price Target$13.00 -> $14.00View Rating Details
1/11/2016Wells Fargo & Co.UpgradeMarket Perform -> OutperformView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$24.00View Rating Details
10/23/2015Evercore ISILower Price Target$21.00 -> $19.00View Rating Details
9/9/2015Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
5/26/2015Credit Agricole SADowngradeOutperform -> Underperform$17.00 -> $22.00View Rating Details
3/6/2015Capital One Financial Corp.DowngradeOverweight -> Equal WeightView Rating Details
(Data available from 9/25/2014 forward)


Earnings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/28/2016Q216($0.63)($0.58)$193.19 million$193.90 millionViewListenView Earnings Details
4/28/2016Q116($0.54)($0.48)$261.43 million$269.00 millionViewListenView Earnings Details
2/4/2016Q415($0.48)($0.40)$322.39 million$338.60 millionViewListenView Earnings Details
10/22/2015Q315($0.34)($0.26)$416.77 million$422.30 millionViewListenView Earnings Details
7/23/2015Q215($0.27)($0.13)$449.66 million$473.00 millionViewListenView Earnings Details
4/23/2015Q115$0.03$0.06$682.77 million$657.70 millionViewListenView Earnings Details
2/5/2015Q414$0.50$0.53$893.40 million$901.00 millionViewListenView Earnings Details
10/23/2014Q314$0.47$0.47$834.81 million$846.00 millionViewListenView Earnings Details
7/24/2014Q214$0.32$0.37$708.56 million$757.28 millionViewListenView Earnings Details
4/24/2014Q114$0.25$0.24$679.52 million$678.00 millionViewListenView Earnings Details
2/6/2014Q413$0.22$0.11$654.60 million$659.00 millionViewListenView Earnings Details
10/24/2013Q313$0.32$0.51$680.92 million$731.00 millionViewListenView Earnings Details
7/25/2013Q2 2013$0.30$0.28$646.39 million$659.32 millionViewListenView Earnings Details
4/25/2013Q1 2013$0.36$0.38$656.16 million$667.00 millionViewListenView Earnings Details
2/7/2013Q4 2012$0.28$0.40$599.34 million$653.00 millionViewListenView Earnings Details
10/25/2012$0.38$0.39ViewN/AView Earnings Details
7/26/2012$0.44$0.60ViewN/AView Earnings Details
4/26/2012$0.58$0.62ViewN/AView Earnings Details
2/2/2012$0.63$0.56ViewN/AView Earnings Details
10/27/2011$0.57$0.53ViewN/AView Earnings Details
7/28/2011$0.49$0.52ViewN/AView Earnings Details
4/28/2011$0.44$0.46ViewN/AView Earnings Details
2/3/2011$0.33$0.37ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Patterson-UTI Energy (NASDAQ:PTEN)
Current Year EPS Consensus Estimate: $-2.34 EPS
Next Year EPS Consensus Estimate: $-1.86 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20167($0.59)($0.51)($0.55)
Q2 20165($0.64)($0.61)($0.63)
Q3 20168($0.64)($0.56)($0.61)
Q4 20167($0.65)($0.54)($0.58)
Q1 20175($0.61)($0.54)($0.57)
Q2 20175($0.59)($0.52)($0.55)
Q3 20175($0.53)($0.42)($0.50)
Q4 20175($0.47)($0.39)($0.44)
Q1 20181($0.34)($0.34)($0.34)
(Data provided by Zacks Investment Research)


Current Dividend Information for Patterson-UTI Energy (NASDAQ:PTEN)
Annual Dividend:$0.08
Dividend Yield:0.43%
Payout Ratio:-2.67% (Based on Trailing 12 Months of Earnings)
-3.42% (Based on Current Year Consensus EPS Estimate)
-4.30% (Based on Next Year Consensus EPS Estimate)

Dividend History for Patterson-UTI Energy (NASDAQ:PTEN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Patterson-UTI Energy (NASDAQ:PTEN)
Insider Ownership Percentage: 6.10%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/29/2014Michael W ConlonDirectorBuy3,000$23.33$69,990.00View SEC Filing  
6/27/2014Cloyce A TalbottDirectorSell400,000$34.49$13,796,000.00View SEC Filing  
6/12/2014Kenneth N BernsSVPSell85,000$33.62$2,857,700.00View SEC Filing  
6/12/2014Mark S SiegelChairmanSell340,000$33.62$11,430,800.00View SEC Filing  
6/9/2014James Michael HolcombInsiderSell44,445$33.63$1,494,685.35View SEC Filing  
4/29/2014Mark SiegelChairmanSell225,000$32.54$7,321,500.00View SEC Filing  
3/7/2014Cloyce TalbottDirectorSell120,000$29.22$3,506,400.00View SEC Filing  
12/20/2013Charles Oliver BucknerDirectorSell10,000$25.14$251,400.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Patterson-UTI Energy (NASDAQ:PTEN)
News IconConsensus Vs. Actual: How has Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Fared? - Yankee Analysts (NASDAQ:PTEN) - September 22 at 6:33 PM logoPatterson-UTI Energy, Inc. (NASDAQ:PTEN)'s Accounts Payable Is $66.343 - (NASDAQ:PTEN) - September 22 at 6:33 PM logoPatterson-UTI Energy To Participate In Johnson Rice Energy Conference At 11:00AM (NASDAQ:PTEN) - September 21 at 10:57 AM logoThe Zacks Analyst Blog Highlights: Anadarko Petroleum, Encana, ConocoPhillips, Eni SpA and Patterson-UTI Energy (NASDAQ:PTEN) - September 21 at 10:57 AM logoPatterson UTI Energy : to Present at the Barclays CEO Energy-Power Conference (NASDAQ:PTEN) - September 17 at 11:19 AM logoPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Reported An Earnings Surprise Of 7.94 Percent - Investor Newswire (NASDAQ:PTEN) - September 16 at 6:40 PM logoPatterson-UTI Energy to Present at the Johnson Rice Energy Conference (NASDAQ:PTEN) - September 16 at 10:26 AM
News IconStock Price Targets in Spotlight: Patterson-UTI Energy, Inc. (NASDAQ:PTEN), Chipotle Mexican Grill, Inc. (NYSE:CMG) - Yankee Analysts (NASDAQ:PTEN) - September 15 at 6:57 PM logoPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Accounts Payable Is $66.343 - (NASDAQ:PTEN) - September 15 at 6:57 PM
News IconWhat Analysts Think of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)? - Post Registrar (NASDAQ:PTEN) - September 15 at 6:57 PM logoPatterson (PTEN) Signs Agreement to Acquire Warrior Rig (NASDAQ:PTEN) - September 15 at 6:57 PM
News IconMomentum Stocks Try To Beat Views: Avis Budget Group (CAR), Patterson-UTI Energy (PTEN), ACADIA ... - Street Wise Report (press release) (blog) (NASDAQ:PTEN) - September 15 at 10:26 AM
News IconPatterson-UTI Energy, Inc. (NASDAQ:PTEN): How Are Analysts Advising to Play This Stock? - Post News (NASDAQ:PTEN) - September 14 at 11:17 AM
News IconPatterson-UTI Energy Inc (NASDAQ:PTEN) Receives Buy Rating From Gabelli Analysts - National Daily Press (NASDAQ:PTEN) - September 14 at 11:17 AM logoHow Is Helmerich & Payne’s Order Backlog Looking? (NASDAQ:PTEN) - September 14 at 11:17 AM logoBRIEF-Patterson-UTI Energy announces agreement to acquire Drilling Technology Company (NASDAQ:PTEN) - September 14 at 6:52 AM
News IconNext Weeks Broker Price Targets For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) (NASDAQ:PTEN) - September 13 at 11:46 AM
News Icon$PTEN & $SLW - Patterson-UTI Energy, Inc. (NASDAQ:PTEN) & Silver Wheaton Corp. (USA) (NYSE:SLW) News Review - Money News (NASDAQ:PTEN) - September 12 at 11:32 AM logoPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bearish Manner : PTEN-US : September 12, 2016 (NASDAQ:PTEN) - September 12 at 11:32 AM
News IconShares Lower Over the Past Quarter: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - Post News (NASDAQ:PTEN) - September 11 at 6:19 PM
News IconShares Ticking Lower in Trade: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - Post News (NASDAQ:PTEN) - September 10 at 11:05 AM
News IconConsiderable Dividend Stock: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - National Daily Press (NASDAQ:PTEN) - September 10 at 11:05 AM
News IconActive Valued Watching Stock- Achillion Pharmaceuticals (NASDAQ ... - Seneca Globe (NASDAQ:PTEN) - September 7 at 7:02 PM
News IconTrading Update: Following Activity of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Shares During the Current Session - Post News (NASDAQ:PTEN) - September 7 at 7:02 PM
News IconUpcoming Earnings Report: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - The Voice Registrar (NASDAQ:PTEN) - September 7 at 7:02 PM logoPATTERSON UTI ENERGY INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NASDAQ:PTEN) - September 6 at 11:40 AM logoPatterson-UTI Reports Drilling Activity for August 2016 (NASDAQ:PTEN) - September 6 at 11:40 AM logoEx-Div Reminder for Patterson-UTI Energy (NASDAQ:PTEN) - September 2 at 11:47 AM logoPatterson-UTI Energy to Present at the Barclays CEO Energy-Power Conference (NASDAQ:PTEN) - September 2 at 11:47 AM
News IconAnalyst Sights on Price Target: Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Post Registrar (NASDAQ:PTEN) - September 1 at 10:02 AM logoPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bearish Manner : PTEN-US : August 31, 2016 (NASDAQ:PTEN) - August 31 at 12:06 PM logoPatterson-UTI Energy’s Short Interest Is Increasing, but What Does That Mean? (NASDAQ:PTEN) - August 29 at 11:29 AM logoHas Patterson-UTI Energy’s Correlation with Crude Oil Increased since Fiscal 2Q16? (NASDAQ:PTEN) - August 29 at 11:29 AM logoInside Patterson-UTI Energy’s Current Valuation Compared to Peers (NASDAQ:PTEN) - August 26 at 6:40 PM logoWhat Does Patterson-UTI Energy’s Current Valuation Tell Us? (NASDAQ:PTEN) - August 26 at 9:54 AM logoWill Patterson-UTI Energy’s Amended Credit Agreement Restrict Its Dividend? (NASDAQ:PTEN) - August 25 at 12:03 PM logoCommit To Purchase Patterson-UTI Energy At $13, Earn 9.2% Using Options (NASDAQ:PTEN) - August 24 at 6:42 PM logoHow Much of Patterson-UTI Energy’s Order Backlog Will Remain in 2016? (NASDAQ:PTEN) - August 23 at 11:28 AM logoCan New Amendments Extend Patterson-UTI Energy’s Credit Commitment? (NASDAQ:PTEN) - August 22 at 6:52 PM logoStocks To Track: Exelixis, Inc. (EXEL), Patterson-UTI Energy Inc. (PTEN), CenterPoint Energy, Inc. (CNP) - iStreetWire (NASDAQ:PTEN) - August 19 at 6:53 PM logoWill Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Hit $34 Price Target? - Investor Newswire (NASDAQ:PTEN) - August 19 at 6:53 PM logoPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bullish Manner : PTEN-US : August 19, 2016 (NASDAQ:PTEN) - August 19 at 9:56 AM logoMerrill Lynch: Buy Oil Stocks Now! (NASDAQ:PTEN) - August 16 at 10:15 AM
News IconNoteworthy Analyst Rating of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - The Voice Registrar (NASDAQ:PTEN) - August 11 at 10:15 AM logoETF’s with exposure to Patterson-UTI Energy, Inc. : August 10, 2016 (NASDAQ:PTEN) - August 10 at 7:28 PM
News IconAnalyst Cove rage Update on Patterson-UTI Energy, Inc. (NASDAQ ... - The Voice Registrar (NASDAQ:PTEN) - August 10 at 10:04 AM logoPatterson-UTI Energy, Inc. (PTEN) - Citigroup Holds Rating And Sets New Price Target - Finance Daily (NASDAQ:PTEN) - August 9 at 7:14 PM logoPatterson-UTI downgraded by Macquarie (NASDAQ:PTEN) - August 9 at 7:14 PM logoPATTERSON UTI ENERGY INC Financials (NASDAQ:PTEN) - August 9 at 7:14 PM logoPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bullish Manner : PTEN-US : August 9, 2016 (NASDAQ:PTEN) - August 9 at 10:09 AM


Patterson-UTI Energy (NASDAQ:PTEN) Chart for Sunday, September, 25, 2016

Last Updated on 9/25/2016 by Staff