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NASDAQ:PTEN

Patterson-UTI Energy Stock Forecast, Price & News

$15.77
+1.22 (+8.38%)
(As of 06/24/2022 12:00 AM ET)
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Compare
Today's Range
$14.81
$15.99
50-Day Range
$14.30
$19.81
52-Week Range
$6.44
$20.53
Volume
10.00 million shs
Average Volume
3.92 million shs
Market Capitalization
$3.41 billion
P/E Ratio
N/A
Dividend Yield
1.10%
Price Target
$17.93
30 days | 90 days | 365 days | Advanced Chart

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PTEN Stock Forecast (MarketRank)

Overall MarketRank

2.73 out of 5 stars

Oils/Energy Sector

30th out of 376 stocks

Drilling Oil & Gas Wells Industry

1st out of 17 stocks

Analyst Opinion: 3.3Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Patterson-UTI Energy logo

About Patterson-UTI Energy (NASDAQ:PTEN)

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment 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.

PTEN Stock News Headlines

What 8 Analyst Ratings Have To Say About Patterson-UTI Energy
See More Headlines

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
Current Symbol
NASDAQ:PTEN
CUSIP
70348110
Employees
5,000
Year Founded
1978

Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Today
6/24/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$18.53
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$10.50
Forecasted Upside/Downside
+13.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.7
Research Coverage
9 Analysts

Profitability

Net Income
$-654.54 million
Pretax Margin
-38.16%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$2.24 per share
Book Value
$7.48 per share

Miscellaneous

Free Float
210,463,000
Market Cap
$3.41 billion
Optionable
Optionable
Beta
2.37

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Patterson-UTI Energy Frequently Asked Questions

Should I buy or sell Patterson-UTI Energy stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Patterson-UTI Energy stock.
View analyst ratings for Patterson-UTI Energy
or view top-rated stocks.

What is Patterson-UTI Energy's stock price forecast for 2022?

9 Wall Street analysts have issued 12-month price objectives for Patterson-UTI Energy's shares. Their PTEN stock forecasts range from $10.50 to $23.00. On average, they predict Patterson-UTI Energy's stock price to reach $18.53 in the next twelve months. This suggests a possible upside of 17.5% from the stock's current price.
View analysts' price targets for Patterson-UTI Energy
or view top-rated stocks among Wall Street analysts.

How has Patterson-UTI Energy's stock price performed in 2022?

Patterson-UTI Energy's stock was trading at $8.45 at the beginning of the year. Since then, PTEN stock has increased by 86.6% and is now trading at $15.77.
View the best growth stocks for 2022 here
.

When is Patterson-UTI Energy's next earnings date?

Patterson-UTI Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Patterson-UTI Energy
.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its earnings results on Wednesday, April, 27th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.08. The oil and gas company had revenue of $509.80 million for the quarter, compared to analyst estimates of $512.08 million. Patterson-UTI Energy had a negative trailing twelve-month return on equity of 17.74% and a negative net margin of 35.49%. The firm's revenue was up 111.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.57) EPS.
View Patterson-UTI Energy's earnings history
.

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

Patterson-UTI Energy announced a quarterly dividend on Wednesday, April 27th. Stockholders of record on Thursday, June 2nd will be given a dividend of $0.04 per share on Thursday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, June 1st.
View Patterson-UTI Energy's dividend history
.

Is Patterson-UTI Energy a good dividend stock?

Patterson-UTI Energy(NASDAQ:PTEN) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.10%.
View Patterson-UTI Energy's dividend history.

Who are Patterson-UTI Energy's key executives?

Patterson-UTI Energy's management team includes the following people:

What is Andy Hendricks' approval rating as Patterson-UTI Energy's CEO?

73 employees have rated Patterson-UTI Energy CEO Andy Hendricks on Glassdoor.com. Andy Hendricks has an approval rating of 79% among Patterson-UTI Energy's employees.

What other stocks do shareholders of Patterson-UTI Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson-UTI Energy investors own include Energy Transfer (ET), Oasis Petroleum (OAS), Delta Air Lines (DAL), Nabors Industries (NBR), Halliburton (HAL), Ford Motor (F), Marathon Oil (MRO), Starbucks (SBUX), AT&T (T) and Callon Petroleum (CPE).

What is Patterson-UTI Energy's stock symbol?

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

Who are Patterson-UTI Energy's major shareholders?

Patterson-UTI Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.40%), Vanguard Group Inc. (11.09%), Van ECK Associates Corp (5.07%), State Street Corp (4.08%), Dimensional Fund Advisors LP (4.07%) and Kahn Brothers Group Inc. (2.69%). Company insiders that own Patterson-UTI Energy stock include Charles Andrew Smith, Curtis W Huff, James Michael Holcomb, Janeen S Judah, Kenneth N Berns, Seth David Wexler, Terry H Hunt and William Andrew Hendricks Jr.
View institutional ownership trends for Patterson-UTI Energy
.

Which major investors are selling Patterson-UTI Energy stock?

PTEN stock was sold by a variety of institutional investors in the last quarter, including JB Investments Management LLC, Fuller & Thaler Asset Management Inc., Russell Investments Group Ltd., Van ECK Associates Corp, Guggenheim Capital LLC, J. Goldman & Co LP, BNP Paribas Arbitrage SA, and Acuitas Investments LLC. Company insiders that have sold Patterson-UTI Energy company stock in the last two years include Charles Andrew Smith, James Michael Holcomb, Kenneth N Berns, Seth David Wexler, and William Andrew Hendricks Jr.
View insider buying and selling activity for Patterson-UTI Energy
or view top insider-selling stocks.

Which major investors are buying Patterson-UTI Energy stock?

PTEN stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Vanguard Group Inc., Charles Schwab Investment Management Inc., Bank of America Corp DE, Wellington Management Group LLP, Bank of New York Mellon Corp, New York State Common Retirement Fund, and State Street Corp.
View insider buying and selling activity for Patterson-UTI Energy
or or view top insider-buying stocks.

How do I buy shares of Patterson-UTI Energy?

Shares of PTEN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Patterson-UTI Energy's stock price today?

One share of PTEN stock can currently be purchased for approximately $15.77.

How much money does Patterson-UTI Energy make?

Patterson-UTI Energy (NASDAQ:PTEN) has a market capitalization of $3.41 billion and generates $1.36 billion in revenue each year. The oil and gas company earns $-654.54 million in net income (profit) each year or ($2.80) on an earnings per share basis.

How many employees does Patterson-UTI Energy have?

Patterson-UTI Energy employs 5,000 workers across the globe.

Does Patterson-UTI Energy have any subsidiaries?

The following companies are subsidiares of Patterson-UTI Energy: Ambar Inc, Ambar Lone Star Fluid Services LLC, Current Power Solutions Inc., Drilling Technologies 1 LLC, Drilling Technologies 2 LLC, Great Plains Oilfield Rental L.L.C., High Valley Drilling, Jones Drilling, Keystone Rock & Excavation L.L.C., MS Directional LLC, Norton Drilling Services, PTL Prop Solutions L.L.C., Patterson Petroleum LLC, Patterson UTI International Saudi Arabia Limited, Patterson-UTI Drilling Canada Limited, Patterson-UTI Drilling Company LLC, Patterson-UTI Drilling International Inc., Patterson-UTI Holding Company LLC, Patterson-UTI International (Argentina) S.R.L., Patterson-UTI International (India) B.V., Patterson-UTI International (Kuwait) Limited, Patterson-UTI International (Netherlands) B.V., Patterson-UTI International Holdings (BVI) Limited, Patterson-UTI International Holdings (Netherlands) One B.V., Patterson-UTI International Holdings (Netherlands) Two B.V., Patterson-UTI International Holdings Inc., Patterson-UTI Management Services LLC, Seventy Seven Energy Inc., Seventy Seven Energy LLC, Seventy Seven Land Company LLC, Seventy Seven Operating LLC, Superior QC, Superior QC LLC, TMBR/ Sharp Drilling, Tejas Drilling Fluids, Universal Pressure Pumping Inc., Universal Wireline LLC, Warrior Rig Technologies, Warrior Rig Technologies Limited, Warrior Rig Technologies US LLC, Wek Drilling, and Western Wisconsin Sand Company LLC.
Read More

When was Patterson-UTI Energy founded?

Patterson-UTI Energy was founded in 1978.

How can I contact Patterson-UTI Energy?

Patterson-UTI Energy's mailing address is 10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800, HOUSTON TX, 77064. The official website for Patterson-UTI Energy is www.patenergy.com. The oil and gas company can be reached via phone at (281) 765-7100, via email at [email protected], or via fax at 281-765-7175.

This page (NASDAQ:PTEN) was last updated on 6/24/2022 by MarketBeat.com Staff

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