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: $20.56
  • 50 Day Moving Average: $20.26
  • 200 Day Moving Average: $18.57
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -11.42
  • P/E Growth: 0.57
  • Market Cap: $3.01B
  • Outstanding Shares: 146,252,000
  • Beta: 1.35
Additional Links:
Companies Related to Patterson-UTI Energy:

Analyst Ratings

Consensus Ratings for Patterson-UTI Energy (NASDAQ:PTEN) (?)
Ratings Breakdown: 4 Sell Ratings, 11 Hold Ratings, 13 Buy Ratings
Consensus Rating:Hold (Score: 2.32)
Consensus Price Target: $19.23 (6.48% downside)

Analysts' Ratings History for Patterson-UTI Energy (NASDAQ:PTEN)
Show:
DateFirmActionRatingPrice TargetDetails
8/16/2016NomuraSet Price TargetHold$18.00View Rating Details
8/16/2016Bank of America Corp.UpgradeUnderperform -> NeutralView Rating Details
8/9/2016Citigroup Inc.Lower Price TargetNeutral$23.00 -> $22.00View 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
6/16/2016GabelliInitiated CoverageHoldView 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
9/16/2014KeyCorpInitiated CoverageHoldView Rating Details
(Data available from 8/29/2014 forward)

Earnings

Earnings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/20/2016        
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)

Estimates

Earnings Estimates for Patterson-UTI Energy (NASDAQ:PTEN)
Current Year EPS Consensus Estimate: $-2.33 EPS
Next Year EPS Consensus Estimate: $-1.8 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20167($0.59)($0.51)($0.55)
Q2 20165($0.64)($0.61)($0.63)
Q3 20167($0.64)($0.56)($0.61)
Q4 20166($0.65)($0.54)($0.59)
Q1 20174($0.58)($0.54)($0.56)
Q2 20174($0.59)($0.52)($0.54)
Q3 20174($0.53)($0.42)($0.49)
Q4 20174($0.47)($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:0.39%
Payout Ratio:-2.67% (Based on Trailing 12 Months of Earnings)
-3.43% (Based on Current Year Consensus EPS Estimate)
-4.44% (Based on Next Year Consensus EPS Estimate)

Dividend History for Patterson-UTI Energy (NASDAQ:PTEN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/28/2016quarterly$0.020.41%9/6/20169/8/20169/22/2016
4/29/2016quarterly$0.020.41%6/7/20166/9/20166/23/2016
2/4/2016quarterly$0.103.01%3/8/20163/10/20163/24/2016
10/22/2015quarterly$0.102.7%12/8/201512/10/201512/24/2015
7/23/2015quarterly$0.102.48%9/8/20159/10/20159/24/2015
4/23/2015quarterly$0.101.89%6/8/20156/10/20156/24/2015
2/10/2015quarterly$0.102.38%3/9/20153/11/20153/25/2015
10/24/2014quarterly$0.101.64%12/8/201412/10/201412/24/2014
7/24/2014quarterly$0.101.07%9/8/20149/10/20149/24/2014
4/24/2014quarterly$0.101.24%6/10/20146/12/20146/26/2014
2/7/2014quarterly$0.101.42%3/10/20143/12/20143/27/2014
10/24/2013quarterly$0.050.9%12/13/201312/17/201312/31/2013
7/25/2013quarterly$0.051%9/12/20139/16/20139/30/2013
4/25/2013quarterly$0.050.94%6/12/20136/14/20136/28/2013
2/8/2013quarterly$0.050.85%3/13/20133/15/20133/29/2013
(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 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)

Headlines

Latest Headlines for Patterson-UTI Energy (NASDAQ:PTEN)
DateHeadline
marketrealist.com logoInside Patterson-UTI Energy’s Current Valuation Compared to Peers (NASDAQ:PTEN)
marketrealist.com - August 26 at 6:40 PM
marketrealist.com logoWhat Does Patterson-UTI Energy’s Current Valuation Tell Us? (NASDAQ:PTEN)
marketrealist.com - August 26 at 9:54 AM
marketrealist.com logoWill Patterson-UTI Energy’s Amended Credit Agreement Restrict Its Dividend? (NASDAQ:PTEN)
marketrealist.com - August 25 at 12:03 PM
nasdaq.com logoCommit To Purchase Patterson-UTI Energy At $13, Earn 9.2% Using Options (NASDAQ:PTEN)
www.nasdaq.com - August 24 at 6:42 PM
marketrealist.com logoHow Much of Patterson-UTI Energy’s Order Backlog Will Remain in 2016? (NASDAQ:PTEN)
marketrealist.com - August 23 at 11:28 AM
marketrealist.com logoCan New Amendments Extend Patterson-UTI Energy’s Credit Commitment? (NASDAQ:PTEN)
marketrealist.com - August 22 at 6:52 PM
istreetwire.com logoStocks To Track: Exelixis, Inc. (EXEL), Patterson-UTI Energy Inc. (PTEN), CenterPoint Energy, Inc. (CNP) - iStreetWire (NASDAQ:PTEN)
istreetwire.com - August 19 at 6:53 PM
investornewswire.com logoWill Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Hit $34 Price Target? - Investor Newswire (NASDAQ:PTEN)
www.investornewswire.com - August 19 at 6:53 PM
capitalcube.com logoPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bullish Manner : PTEN-US : August 19, 2016 (NASDAQ:PTEN)
www.capitalcube.com - August 19 at 9:56 AM
blogs.barrons.com logoMerrill Lynch: Buy Oil Stocks Now! (NASDAQ:PTEN)
blogs.barrons.com - August 16 at 10:15 AM
News IconNoteworthy Analyst Rating of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - The Voice Registrar (NASDAQ:PTEN)
voiceregistrar.com - August 11 at 10:15 AM
capitalcube.com logoETF’s with exposure to Patterson-UTI Energy, Inc. : August 10, 2016 (NASDAQ:PTEN)
www.capitalcube.com - August 10 at 7:28 PM
News IconAnalyst Cove rage Update on Patterson-UTI Energy, Inc. (NASDAQ ... - The Voice Registrar (NASDAQ:PTEN)
voiceregistrar.com - August 10 at 10:04 AM
fidaily.com logoPatterson-UTI Energy, Inc. (PTEN) - Citigroup Holds Rating And Sets New Price Target - Finance Daily (NASDAQ:PTEN)
www.fidaily.com - August 9 at 7:14 PM
finance.yahoo.com logoPatterson-UTI downgraded by Macquarie (NASDAQ:PTEN)
finance.yahoo.com - August 9 at 7:14 PM
finance.yahoo.com logoPATTERSON UTI ENERGY INC Financials (NASDAQ:PTEN)
finance.yahoo.com - August 9 at 7:14 PM
capitalcube.com logoPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bullish Manner : PTEN-US : August 9, 2016 (NASDAQ:PTEN)
www.capitalcube.com - August 9 at 10:09 AM
capitalcube.com logoPatterson-UTI Energy, Inc. :PTEN-US: Earnings Analysis: Q2, 2016 By the Numbers : August 8, 2016 (NASDAQ:PTEN)
www.capitalcube.com - August 8 at 7:12 PM
News IconAnalyst Opinion Summary: Superior Energy Services, Inc. (NYSE:SPN), Patterson-UTI Energy Inc. (NASDAQ:PTEN) - TWN (NASDAQ:PTEN)
thewellesleysnews.com - August 8 at 11:41 AM
streetupdates.com logoLatest Analysts Score of Stocks: Patterson-UTI Energy, Inc. (NASDAQ:PTEN) , LyondellBasell Industries NV (NYSE:LYB) - Street Updates (NASDAQ:PTEN)
www.streetupdates.com - August 4 at 10:07 AM
finance.yahoo.com logoPatterson-UTI Reports Drilling Activity for July 2016 (NASDAQ:PTEN)
finance.yahoo.com - August 4 at 10:07 AM
finance.yahoo.com logo6:04 am Patterson-UTI reports July 2016 drilling activity; had an average of 56 drilling rigs operating in the United States, and two rigs in Canada (NASDAQ:PTEN)
finance.yahoo.com - August 4 at 10:07 AM
News IconAnalytical Approach on Price Target Estimates: Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Post Registrar (NASDAQ:PTEN)
postregistrar.com - August 2 at 11:56 AM
biz.yahoo.com logoPATTERSON UTI ENERGY INC Files SEC form 10-Q, Quarterly Report (NASDAQ:PTEN)
biz.yahoo.com - August 2 at 11:56 AM
marketrealist.com logoUnderstanding Patterson-UTI Energy’s Share Price and Returns after 2Q16 (NASDAQ:PTEN)
marketrealist.com - August 2 at 11:56 AM
finance.yahoo.com logoPatterson-UTI (PTEN) Posts Narrower-Than-Expected Q2 Loss (NASDAQ:PTEN)
finance.yahoo.com - August 1 at 10:59 AM
breakingfinancenews.com logoA statement released earlier today by Cowen about (NASDAQ:PTEN) Patterson-UTI Energy Inc ups the target price to $23 (NASDAQ:PTEN)
breakingfinancenews.com - July 31 at 6:25 PM
News IconPrice Target by Brokers: Patterson-UTI Energy Inc. (NASDAQ:PTEN), Owens Corning (NYSE:OC) - News Oracle (NASDAQ:PTEN)
www.newsoracle.com - July 30 at 9:46 AM
equities.com logoPatterson-UTI Energy Inc. (PTEN) is Trading Lower on Unusual ... - Equities.com (NASDAQ:PTEN)
www.equities.com - July 30 at 9:46 AM
schaeffersresearch.com logoShould You Avoid This Sector in August? (NASDAQ:PTEN)
www.schaeffersresearch.com - July 29 at 7:06 PM
4-traders.com logoPatterson UTI Energy : -UTI reports 2Q loss (NASDAQ:PTEN)
www.4-traders.com - July 28 at 10:14 AM
biz.yahoo.com logoPatterson-UTI Energy Inc Earnings Call scheduled for 10:00 am ET today (NASDAQ:PTEN)
biz.yahoo.com - July 28 at 10:00 AM
biz.yahoo.com logoQ2 2016 Patterson-UTI Energy Inc Earnings Release - Before Market Open (NASDAQ:PTEN)
biz.yahoo.com - July 28 at 7:07 AM
sg.finance.yahoo.com logoPatterson-UTI reports 2Q loss (NASDAQ:PTEN)
sg.finance.yahoo.com - July 28 at 6:33 AM
News IconEarnings Estimates & Analyst Opinion on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - The Voice Registrar (NASDAQ:PTEN)
voiceregistrar.com - July 27 at 7:22 PM
streetupdates.com logoLatest Analysts Tips Update: Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) , Patterson-UTI Energy, Inc. (NASDAQ ... - Street Updates (NASDAQ:PTEN)
www.streetupdates.com - July 26 at 7:21 PM
istreetwire.com logoStocks in Review: Patterson-UTI Energy Inc. (PTEN), CSX Corp. (CSX), Symantec Corporation (SYMC) - iStreetWire (NASDAQ:PTEN)
istreetwire.com - July 26 at 7:21 PM
capitalcube.com logoPatterson-UTI Energy, Inc. breached its 50 day moving average in a Bearish Manner : PTEN-US : July 26, 2016 (NASDAQ:PTEN)
www.capitalcube.com - July 26 at 8:27 AM
tradecalls.org logoPatterson-UTI Energy (PTEN) Shares are Down -3.11% - Trade Calls (NASDAQ:PTEN)
www.tradecalls.org - July 25 at 7:06 PM
News IconAnalyst Review on this Stock: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - News Oracle (NASDAQ:PTEN)
www.newsoracle.com - July 24 at 11:03 AM
istreetwire.com logo3 Stocks in Focus: CarMax Inc. (KMX), Patterson-UTI Energy Inc. (PTEN), The Dow Chemical Company (DOW) - iStreetWire (NASDAQ:PTEN)
istreetwire.com - July 23 at 10:49 AM
investornewswire.com logoIs $34 Price Target Attainable For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)? - Investor Newswire (NASDAQ:PTEN)
www.investornewswire.com - July 23 at 10:49 AM
schaeffersresearch.com logoTime to Buy Calls on Patterson-UTI Energy, Inc. (PTEN)? - Schaeffers Research (blog) (NASDAQ:PTEN)
www.schaeffersresearch.com - July 23 at 10:49 AM
News IconEquity Roundup: Stock Performance Focus on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Press Telegraph (NASDAQ:PTEN)
presstelegraph.com - July 21 at 9:51 AM
News IconPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Earnings Concentration and Analyst Target Watch - Engelwood Daily (NASDAQ:PTEN)
www.engelwooddaily.com - July 18 at 7:05 PM
News IconPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Taking a Look at the Current Company Impact Score - Press Telegraph (NASDAQ:PTEN)
presstelegraph.com - July 18 at 7:05 PM
News IconPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Earnings Review and Target Watch - TGP (NASDAQ:PTEN)
telanaganapress.com - July 17 at 6:23 PM
News IconFocusing on Shares of: Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - TGP (NASDAQ:PTEN)
telanaganapress.com - July 16 at 6:27 PM
News IconPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock Rating View - Engelwood Daily (NASDAQ:PTEN)
www.engelwooddaily.com - July 16 at 6:27 PM
investornewswire.com logoStrong Sell Calls For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) At 2 - Investor Newswire (NASDAQ:PTEN)
www.investornewswire.com - July 16 at 10:13 AM

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Patterson-UTI Energy (NASDAQ:PTEN) Chart for Monday, August, 29, 2016


Last Updated on 8/29/2016 by MarketBeat.com Staff