Patterson-UTI Energy Company Profile (NASDAQ:PTEN)

About Patterson-UTI Energy (NASDAQ:PTEN)

Patterson-UTI Energy logoPatterson-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.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling & Exploration
  • Sub-Industry: Oil & Gas Drilling
  • Symbol: NASDAQ:PTEN
  • CUSIP: 70348110
  • Web:
  • Market Cap: $3.55 billion
  • Outstanding Shares: 146,705,000
Average Prices:
  • 50 Day Moving Avg: $22.48
  • 200 Day Moving Avg: $25.40
  • 52 Week Range: $17.60 - $29.76
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 717.33
  • P/E Growth: -1.72
Sales & Book Value:
  • Annual Revenue: $952.1 million
  • Price / Sales: 3.32
  • Book Value: $16.14 per share
  • Price / Book: 1.33
  • Annual Dividend: $0.08
  • Dividend Yield: 0.4%
  • EBIDTA: $173.55 million
  • Net Margins: -34.79%
  • Return on Equity: -13.25%
  • Return on Assets: -7.64%
  • Debt-to-Equity Ratio: 0.26%
  • Current Ratio: 1.19%
  • Quick Ratio: 1.10%
  • Average Volume: 4.31 million shs.
  • Beta: 0.88
  • Short Ratio: 6.55

Frequently Asked Questions for Patterson-UTI Energy (NASDAQ:PTEN)

What is Patterson-UTI Energy's stock symbol?

Patterson-UTI Energy trades on the NASDAQ under the ticker symbol "PTEN."

How often does Patterson-UTI Energy pay dividends? What is the dividend yield for Patterson-UTI Energy?

Patterson-UTI Energy declared a quarterly dividend on Thursday, April 27th. Shareholders of record on Thursday, June 8th will be given a dividend of $0.02 per share on Thursday, June 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Tuesday, June 6th. View Patterson-UTI Energy's Dividend History.

How were Patterson-UTI Energy's earnings last quarter?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) issued its earnings results on Thursday, April, 27th. The company reported ($0.42) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.44) by $0.02. The firm earned $305.20 million during the quarter, compared to analyst estimates of $294.82 million. Patterson-UTI Energy had a negative net margin of 34.79% and a negative return on equity of 13.25%. The business's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.48) EPS. View Patterson-UTI Energy's Earnings History.

Where is Patterson-UTI Energy's stock going? Where will Patterson-UTI Energy's stock price be in 2017?

31 analysts have issued 12-month target prices for Patterson-UTI Energy's stock. Their predictions range from $14.00 to $40.00. On average, they anticipate Patterson-UTI Energy's share price to reach $27.96 in the next year. View Analyst Ratings for Patterson-UTI Energy.

What are analysts saying about Patterson-UTI Energy stock?

Here are some recent quotes from research analysts about Patterson-UTI Energy stock:

  • 1. According to Zacks Investment Research, "Patterson-UTI shares has been comfortably outperforming the Zacks categorized 'Oil & Gas Drilling' industry over the past 1 year. The company's large, high-quality fleet of drilling rigs – especially the technologically advanced ‘Apex’ ones – are the key to its success. We believe Patterson-UTI's acquisition of smaller rival Seventy Seven Energy will bolster its scale and customer base, while helping to enhance its geographic footprint to most active basins in the U.S. Moreover, with the significant advancement of crude oil from their 12-year lows reached in last February, producers are likely to revive spending on drilling activities that would spur rig count. This, in turn, will result in improved demand for oilfield equipments, thereby driving PattersonUTI's revenues, earnings and cash flow." (4/27/2017)
  • 2. Jefferies Group LLC analysts commented, "SVNT's 4Q16 brought strong margin improvement in Hydraulic Fracturing and Oilfield Rentals and continued market share gains in Drilling. Momentum continues to build in 2017 and we expect further boost from PTEN's significantly wider customer base. We continue to believe synergies can exceed $75MM (vs. guidance of $50MM+), primarily from sand logistics and SG&A optimization, post PTEN-SVNT merger. We raise PTEN pro-forma 2018E EBITDA to $915MM; raise PT to $35." (2/16/2017)

Are investors shorting Patterson-UTI Energy?

Patterson-UTI Energy saw a decline in short interest in May. As of May 15th, there was short interest totalling 19,216,305 shares, a decline of 15.6% from the April 28th total of 22,756,926 shares. Based on an average trading volume of 4,616,486 shares, the days-to-cover ratio is presently 4.2 days. Approximately 9.1% of the shares of the stock are short sold.

Who are some of Patterson-UTI Energy's key competitors?

Who owns Patterson-UTI Energy stock?

Patterson-UTI Energy's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.86%), Vanguard Group Inc. (9.30%), Wellington Management Group LLP (7.55%), Dimensional Fund Advisors LP (7.41%), Van ECK Associates Corp (6.13%) and Wells Fargo & Company MN (4.19%). View Institutional Ownership Trends for Patterson-UTI Energy.

Who sold Patterson-UTI Energy stock? Who is selling Patterson-UTI Energy stock?

Patterson-UTI Energy's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, AQR Capital Management LLC, First Trust Advisors LP, Bank of New York Mellon Corp, Dalton Greiner Hartman Maher & Co., Marshall Wace LLP, UBS Asset Management Americas Inc. and Chartwell Investment Partners LLC. View Insider Buying and Selling for Patterson-UTI Energy.

Who bought Patterson-UTI Energy stock? Who is buying Patterson-UTI Energy stock?

Patterson-UTI Energy's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Jennison Associates LLC, Bank of America Corp DE, Vanguard Group Inc., Principal Financial Group Inc., Renaissance Technologies LLC, Paloma Partners Management Co and Wells Fargo & Company MN. View Insider Buying and Selling for Patterson-UTI Energy.

How do I buy Patterson-UTI Energy stock?

Shares of Patterson-UTI Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Patterson-UTI Energy stock cost?

One share of Patterson-UTI Energy stock can currently be purchased for approximately $21.52.

Analyst Ratings

Consensus Ratings for Patterson-UTI Energy (NASDAQ:PTEN) (?)
Ratings Breakdown: 1 Sell Rating, 12 Hold Ratings, 18 Buy Ratings
Consensus Rating:Buy (Score: 2.55)
Consensus Price Target: $27.96 (29.91% upside)

Analysts' Ratings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/19/2017Royal Bank of CanadaReiterated RatingBuy$35.00LowView Rating Details
5/19/2017BMO Capital MarketsSet Price TargetHold$28.00LowView Rating Details
5/15/2017Capital One Financial Corp.UpgradeEqual Weight -> OverweightMediumView Rating Details
5/3/2017Jefferies Group LLCReiterated RatingBuy$35.00 -> $32.00HighView Rating Details
4/28/2017Deutsche Bank AGLower Price TargetHold$31.00 -> $28.00LowView Rating Details
4/28/2017Morgan StanleyReiterated RatingOverweight -> OverweightMediumView Rating Details
4/5/2017NomuraUpgradeNeutral -> BuyMediumView Rating Details
4/5/2017InstinetUpgradeNeutral -> Buy$26.00 -> $31.00MediumView Rating Details
4/3/2017Tudor PickeringUpgradeHold -> BuyLowView Rating Details
3/22/2017ScotiabankReiterated RatingHold$30.00LowView Rating Details
2/20/2017GuggenheimUpgradeNeutral -> BuyN/AView Rating Details
2/10/2017Wolfe ResearchUpgradeMarket Perform -> OutperformN/AView Rating Details
1/25/2017Goldman Sachs Group IncReiterated RatingNeutral$32.00N/AView Rating Details
1/19/2017Cowen and CompanyDowngradeOutperform -> Market Perform$26.00N/AView Rating Details
1/18/2017SunTrust Banks, Inc.Initiated CoverageBuy$33.00N/AView Rating Details
1/4/2017KeyCorpUpgradeSector Weight -> Overweight$35.00N/AView Rating Details
1/4/2017Credit Suisse Group AGUpgradeUnderperform -> Neutral$18.00 -> $23.00N/AView Rating Details
12/14/2016Evercore ISIReiterated RatingBuy$27.00 -> $30.00N/AView Rating Details
12/14/2016WunderlichSet Price TargetHold$24.00 -> $27.00N/AView Rating Details
12/13/2016StephensUpgradeUnderweight -> Equal WeightN/AView Rating Details
12/7/2016JPMorgan Chase & Co.UpgradeUnderweight -> Neutral$14.00 -> $24.00N/AView Rating Details
11/30/2016Bank of America CorpUpgradeNeutral -> BuyN/AView Rating Details
10/28/2016Howard WeilBoost Price TargetSector Perform$22.00 -> $27.00N/AView Rating Details
10/11/2016Citigroup IncBoost Price TargetNeutral$21.00 -> $26.00N/AView Rating Details
9/15/2016DA DavidsonReiterated RatingBuy$26.00N/AView Rating Details
9/14/2016GabelliUpgradeHold -> Buy$26.00N/AView Rating Details
8/9/2016MacquarieDowngradeNeutral -> Underperform$14.00N/AView Rating Details
7/15/2016KLR GroupReiterated RatingHold$29.00N/AView Rating Details
7/8/2016Seaport Global SecuritiesUpgradeNeutral -> BuyN/AView Rating Details
6/29/2016SimmonsUpgradeNeutral -> Overweight$17.50 -> $23.00N/AView Rating Details
6/29/2016Piper Jaffray CompaniesUpgradeNeutral -> OverweightN/AView Rating Details
5/2/2016GMP SecuritiesDowngradeBuy -> HoldN/AView Rating Details
3/9/2016Susquehanna Bancshares IncBoost Price TargetPositive$17.00 -> $20.00N/AView Rating Details
2/5/2016Raymond James Financial, Inc.Reiterated RatingBuyN/AView Rating Details
1/11/2016Wells Fargo & CoUpgradeMarket Perform -> OutperformN/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Patterson-UTI Energy (NASDAQ:PTEN)
Earnings by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)
Earnings History by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017($0.44)($0.42)$294.82 million$305.20 millionViewN/AView Earnings Details
2/9/2017Q416($0.54)($0.53)$228.83 million$247.00 millionViewListenView Earnings Details
10/27/2016Q316($0.60)($0.58)$205.31 million$206.10 millionViewListenView Earnings Details
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)
2017 EPS Consensus Estimate: ($1.62)
2018 EPS Consensus Estimate: ($0.43)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20176($0.61)($0.44)($0.52)
Q2 20176($0.58)($0.27)($0.44)
Q3 20176($0.51)($0.19)($0.37)
Q4 20176($0.46)($0.09)($0.30)
Q1 20182($0.21)($0.17)($0.19)
Q2 20182($0.16)($0.11)($0.14)
Q3 20182($0.09)($0.09)($0.09)
Q4 20182($0.02)($0.01)($0.02)
Q1 20191$0.11$0.11$0.11
(Data provided by Zacks Investment Research)


Current Dividend Information for Patterson-UTI Energy (NASDAQ:PTEN)
Next Dividend:6/22/2017
Annual Dividend:$0.08
Dividend Yield:0.37%
Payout Ratio:-3.69% (Trailing 12 Months of Earnings)
-7.55% (Based on This Year's Estimates)
266.67% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)

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

Insider Trades

Insider Trading and Institutional Ownership History for Patterson-UTI Energy (NASDAQ:PTEN)
Insider Ownership Percentage: 6.10%
Institutional Ownership Percentage: 98.84%
Insider Trades by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)
Institutional Ownership by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)
Insider Trades by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)
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)


Headline Trends for Patterson-UTI Energy (NASDAQ:PTEN)
Latest Headlines for Patterson-UTI Energy (NASDAQ:PTEN)
DateHeadline logoPatterson-UTI Energy, Inc. (PTEN) Short Interest Update - May 27 at 7:12 AM logoETFs with exposure to Patterson-UTI Energy, Inc. : May 22, 2017 - May 22 at 6:30 PM logoPatterson-UTI Energy, Inc. (PTEN) Stock Rating Reaffirmed by Royal Bank of Canada - May 20 at 4:22 PM logoPatterson-UTI Energy, Inc. (PTEN) PT Set at $28.00 by BMO Capital Markets - May 19 at 8:28 PM logoPatterson-UTI Energy to Present at the UBS Global Oil and Gas Conference - May 17 at 8:22 AM logoBrokers Set Expectations for Patterson-UTI Energy, Inc.'s FY2017 Earnings (PTEN) - May 12 at 12:32 PM logoFY2021 Earnings Forecast for Patterson-UTI Energy, Inc. (PTEN) Issued By Gabelli - May 11 at 3:42 PM logoPatterson-UTI Energy Reports John E. Vollmer III, its EVP-Corporate Development, CFO and Treasurer, Announces Decision to Retire - May 11 at 8:31 AM logoPatterson-UTI Energy, Inc. (PTEN) Expected to Announce Quarterly Sales of $543.97 Million - May 10 at 9:46 AM logoETFs with exposure to Patterson-UTI Energy, Inc. : May 8, 2017 - May 8 at 6:43 PM logoPatterson-UTI Energy, Inc. (PTEN) Expected to Announce Earnings of -$0.30 Per Share - May 8 at 6:24 PM logoPatterson-UTI Energy, Inc. (PTEN) Upgraded at Capital One Financial Corp. - May 8 at 4:16 PM logoPatterson-UTI Energy, Inc. (PTEN) Given Average Rating of "Buy" by Analysts - May 8 at 10:10 AM logoPatterson-UTI Energy, Inc. :PTEN-US: Earnings Analysis: Q1, 2017 By the Numbers : May 5, 2017 - May 5 at 7:37 PM logoQ2 2017 EPS Estimates for Patterson-UTI Energy, Inc. Boosted by Jefferies Group (PTEN) - May 5 at 8:22 AM logoFY2019 Earnings Forecast for Patterson-UTI Energy, Inc. Issued By Jefferies Group (PTEN) - May 4 at 8:00 PM logoPatterson-UTI Reports Drilling Activity for April 2017 - May 3 at 7:38 PM logoPatterson-UTI (PTEN) Posts Narrower-Than-Expected Q1 Loss - May 3 at 7:38 PM logoPatterson-UTI Energy, Inc. (PTEN) Given "Buy" Rating at Jefferies Group LLC - May 3 at 7:14 PM logoPatterson-UTI Energy (PTEN) Earning Positive News Coverage, Analysis Finds - May 3 at 1:11 AM logoHow Nabors Industries Stock Reacted to 1Q17 Results - May 2 at 9:59 AM logoWhat Wall Street Projects for Nabors after 1Q17 Earnings - May 2 at 9:59 AM logoPatterson-UTI Energy (PTEN) Receiving Favorable News Coverage, Analysis Finds - April 29 at 6:10 PM logoPatterson-UTI Energy, Inc. (PTEN) Receives "Hold" Rating from Deutsche Bank AG - April 29 at 1:05 AM logoPatterson-UTI Energy, Inc. (PTEN) Issues Earnings Results, Beats Expectations By $0.02 EPS - April 29 at 1:01 AM logoPatterson-UTI Energy’s 1Q17 Earnings Beat Estimates - April 28 at 3:21 PM logoWhat Drove Patterson-UTI Energy’s Performance in 1Q17? - April 28 at 3:21 PM logoPatterson-UTI Energy’s Returns Could Increase after 1Q17 - April 28 at 3:21 PM logoWall Street Analysts’ Forecasts for Patterson-UTI Energy - April 28 at 3:21 PM logoPatterson-UTI Energy, Inc. (PTEN) Coverage Initiated by Analysts at Morgan Stanley - April 28 at 11:43 AM logoPatterson-UTI Energy Reports Financial Results for Three Months Ended March 31 ... - April 27 at 7:48 PM logoPatterson-UTI Energy (PTEN) Q1 2017 Results - Earnings Call Transcript - April 27 at 7:48 PM logoSeventy Seven Operating LLC -- Moody's withdraws Seventy Seven Operating LLC's ratings - April 27 at 7:48 PM logoPatterson-UTI Energy, Inc. (PTEN) Announces Earnings Results - April 27 at 7:04 PM logoPatterson-UTI Energy, Inc. (PTEN) Declares $0.02 Quarterly Dividend - April 27 at 2:16 PM logoPatterson-UTI Energy, Inc. (PTEN) Upgraded at Zacks Investment Research - April 27 at 1:14 PM logoPatterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2017 - April 27 at 10:40 AM logoPatterson-UTI reports 1Q loss - April 27 at 10:40 AM logoPatterson-UTI Energy (PTEN) Receives News Impact Rating of 0.23 - April 27 at 1:07 AM logoHow this recently closed $1.8B oil field services merger came about - April 26 at 5:54 PM logoPatterson-UTI Energy, Inc. (PTEN) Given a $35.00 Price Target at Jefferies Group LLC - April 25 at 4:42 PM logoPatterson-UTI Energy (PTEN) Earning Somewhat Positive Press Coverage, Report Finds - April 23 at 11:06 PM logoPatterson-UTI Energy (PTEN) Given Daily Media Sentiment Rating of 0.23 - April 20 at 10:35 PM logoPTEN Crosses Critical Technical Indicator - April 20 at 7:27 PM logoPatterson-UTI Energy Completes Merger with Seventy Seven Energy - April 20 at 7:27 PM logoPatterson-UTI Energy, Inc. (PTEN) Expected to Post Quarterly Sales of $293.73 Million - April 19 at 9:30 AM logoSomewhat Positive Press Coverage Extremely Likely to Impact Patterson-UTI Energy (PTEN) Share Price - April 17 at 11:51 PM logoPatterson-UTI Energy, Inc. (PTEN) Expected to Post Earnings of -$0.44 Per Share - April 17 at 10:09 PM logoPatterson-UTI Energy's (PTEN) Buy Rating Reiterated at Royal Bank of Canada - April 15 at 6:02 PM logoPatterson-UTI Energy (PTEN) Earning Favorable Press Coverage, Report Shows - April 14 at 10:49 PM



Patterson-UTI Energy (PTEN) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff