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: $24.16
  • 50 Day Moving Average: $21.48
  • 200 Day Moving Average: $20.04
  • 52-Week Range: $10.94 - $25.01
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -13.20
  • P/E Growth: 0.50
  • Market Cap: $3.48B
  • Outstanding Shares: 146,252,000
  • Beta: 0.88
  • 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: $20.17 (16.50% downside)

Analysts' Ratings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateFirmActionRatingPrice TargetDetails
10/19/2016Jefferies GroupReiterated RatingBuy$29.00View Rating Details
10/11/2016Citigroup Inc.Boost Price TargetNeutral$21.00 -> $26.00View Rating Details
9/15/2016DA DavidsonReiterated RatingBuy$26.00View Rating Details
9/14/2016GabelliUpgradeHold -> Buy$26.00View 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
7/8/2016Seaport 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 10/25/2014 forward)


Earnings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016Q316($0.60)$205.31 millionListenView 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)
Current Year EPS Consensus Estimate: $-2.32 EPS
Next Year EPS Consensus Estimate: $-1.83 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($0.58)($0.52)($0.55)
Q3 20175($0.53)($0.42)($0.49)
Q4 20175($0.47)($0.39)($0.43)
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:0.33%
Payout Ratio:-2.67% (Based on Trailing 12 Months of Earnings)
-3.45% (Based on Current Year Consensus EPS Estimate)
-4.37% (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 IconWorth Watching Stocks Intraday Alert: Patterson-UTI Energy, Inc. (NASDAQ:PTEN), Athenahealth, Inc (NASDAQ:ATHN ... - NYSE Journal (press release) (NASDAQ:PTEN) - October 24 at 6:37 PM
News IconPumping the Brakes, Stock Gapping Downward: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - CSZ News (NASDAQ:PTEN) - October 22 at 10:55 AM
News IconStock under Consideration- Patterson-UTI Energy Inc.'s (PTEN) - Hot Stocks Point (NASDAQ:PTEN) - October 22 at 10:55 AM logoSteady Movements Novavax, Inc. (NASDAQ:NVAX), Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Wall Street 24 (NASDAQ:PTEN) - October 20 at 7:12 PM
News IconEarnings Estimates at a Glance for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Yankee Analysts (NASDAQ:PTEN) - October 20 at 8:17 AM logoPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Is Expected To Post EPS Of $-0.44 - (NASDAQ:PTEN) - October 20 at 8:17 AM
News IconTrending Stocks Buzz: PTC Therapeutics, Inc. (NASDAQ:PTCT), Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - NYSE Journal (press release) (NASDAQ:PTEN) - October 19 at 3:27 PM
News IconTrending Stocks Views in Analysts' Eyes- Patterson-UTI Energy Inc. (NASDAQ:PTEN), Cameco Corporation (NYSE:CCJ) - Seneca Globe (NASDAQ:PTEN) - October 19 at 3:27 PM logoHas Short Interest in Patterson-UTI Energy Risen since 2Q16? (NASDAQ:PTEN) - October 19 at 3:27 PM logoHas PTEN’s Correlation with Crude Oil Risen since 2Q16? (NASDAQ:PTEN) - October 19 at 3:27 PM logoWhat Are Wall Street Analysts’ Forecasts for PTEN? (NASDAQ:PTEN) - October 19 at 3:27 PM logoPatterson-UTI Energy: Management’s Estimates for 2Q16 (NASDAQ:PTEN) - October 18 at 6:47 PM
News IconHot Performer of the day: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - FactsReporter (NASDAQ:PTEN) - October 15 at 6:31 PM
News IconUpdate on Patterson-UTI Energy Inc. (NASDAQ:PTEN) for the day (NASDAQ:PTEN) - October 15 at 11:39 AM logoPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Deferred Tax Assets At $65.121 - (NASDAQ:PTEN) - October 13 at 7:02 PM
News IconAnalyst Sentiment Focus on Shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Yankee Analysts (NASDAQ:PTEN) - October 13 at 10:37 AM logoPut buying hits Patterson-UTI Energy (NASDAQ:PTEN) - October 13 at 10:36 AM logoStocks in Review: Anadarko Petroleum Corporation (APC), Patterson-UTI Energy Inc. (PTEN), The Mosaic Company ... - iStreetWire (NASDAQ:PTEN) - October 12 at 6:52 PM
News IconBasic Materials Worth Chasing: Patterson-UTI Energy Inc. (PTEN), The Mosaic Company (MOS) - The Independent Republic (NASDAQ:PTEN) - October 12 at 12:21 PM
News IconStock Trend Anchored Above Moving Averages: Patterson-UTI Energy Inc. (NASDAQ:PTEN) - Recall News (NASDAQ:PTEN) - October 11 at 7:14 PM logo3 Notable Runners: Emerson Electric Co. (EMR), Patterson-UTI Energy Inc. (PTEN), Caterpillar Inc. (CAT) - iStreetWire (NASDAQ:PTEN) - October 11 at 7:14 PM logoPatterson-UTI Fleet Update: Substantial Decline in Rig Count (NASDAQ:PTEN) - October 10 at 11:39 AM
News IconEXACT Sciences Corporation (NASDAQ:EXAS) & Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Stocks to Keep Your ... - Money News (NASDAQ:PTEN) - October 6 at 12:28 PM logoShares of US Land Drillers Surge in September -- Here's Why (NASDAQ:PTEN) - October 5 at 2:56 PM
News IconNutanix Inc (NASDAQ:NTNX) & Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Traders Alert - Money News (NASDAQ:PTEN) - October 4 at 11:38 AM
News Icon2 Sizzling Hot Basic Materials Stocks: Newmont Mining Corporation (NEM), Patterson-UTI Energy Inc. (PTEN) - The Independent Republic (NASDAQ:PTEN) - October 3 at 11:32 AM logoPTEN Crosses Above Average Analyst Target - Nasdaq (NASDAQ:PTEN) - October 3 at 11:32 AM logoCan Shares Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Hit $34? - Investor Newswire (NASDAQ:PTEN) - September 30 at 3:25 PM
News IconInvestor's Watch List: Adobe Systems Incorporated (NASDAQ:ADBE), Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - NYSE Journal (press release) (NASDAQ:PTEN) - September 27 at 11:31 AM
News IconStock to Watch: Basic Energy Services, Inc. (NYSE:BAS), Patterson ... - Newburgh Press (NASDAQ:PTEN) - September 27 at 11:31 AM logoWorst Oilfield Services Stocks for 3Q16 by Earnings Growth (NASDAQ:PTEN) - September 27 at 11:31 AM
News Icon2 Stocks Attracting Analyst Attention: Patterson-UTI Energy, Inc ... - The Voice Registrar (NASDAQ:PTEN) - September 26 at 6:58 PM logoPatterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast (NASDAQ:PTEN) - September 26 at 11:44 AM
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


Patterson-UTI Energy (NASDAQ:PTEN) Chart for Tuesday, October, 25, 2016

Last Updated on 10/25/2016 by Staff