Top-Rated Dividend StocksTop-Rated DividendNASDAQ:PTEN Patterson-UTI Energy (PTEN) Stock Price, News & Analysis $10.43 -0.01 (-0.10%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$10.15▼$10.5750-Day Range$9.74▼$11.6052-Week Range$9.51▼$16.17Volume10.48 million shsAverage Volume6.93 million shsMarket Capitalization$4.19 billionP/E Ratio15.34Dividend Yield3.07%Price Target$14.77 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Patterson-UTI Energy alerts: Email Address Patterson-UTI Energy MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside41.6% Upside$14.77 Price TargetShort InterestBearish7.58% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-6.95Upright™ Environmental ScoreNews Sentiment1.07Based on 14 Articles This WeekInsider TradingSelling Shares$1.73 M Sold Last QuarterProj. Earnings Growth27.08%From $0.48 to $0.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.95 out of 5 starsOils/Energy Sector11th out of 248 stocksDrilling Oil & Gas Wells Industry1st out of 13 stocks 4.4 Analyst's Opinion Consensus RatingPatterson-UTI Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoveragePatterson-UTI Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Patterson-UTI Energy's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.58% of the outstanding shares of Patterson-UTI Energy have been sold short.Short Interest Ratio / Days to CoverPatterson-UTI Energy has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Patterson-UTI Energy has recently decreased by 0.56%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldPatterson-UTI Energy pays a meaningful dividend of 3.22%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPatterson-UTI Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Patterson-UTI Energy is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Patterson-UTI Energy will have a dividend payout ratio of 52.46% next year. This indicates that Patterson-UTI Energy will be able to sustain or increase its dividend.Read more about Patterson-UTI Energy's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePatterson-UTI Energy has received a -157.48% net impact score from Upright. The largest negative impact of Patterson-UTI Energy in category "GHG emissions" is driven by its "Oil drilling services" and "Machinery for oil and gas industry rentals" products. See details.Environmental SustainabilityThe Environmental Impact score for Patterson-UTI Energy is -6.95. Previous Next 3.4 News and Social Media Coverage News SentimentPatterson-UTI Energy has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Patterson-UTI Energy this week, compared to 5 articles on an average week.Search Interest12 people have searched for PTEN on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Patterson-UTI Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Patterson-UTI Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,732,500.00 in company stock.Percentage Held by InsidersOnly 2.30% of the stock of Patterson-UTI Energy is held by insiders.Percentage Held by Institutions97.91% of the stock of Patterson-UTI Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Patterson-UTI Energy's insider trading history. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Patterson-UTI Energy are expected to grow by 27.08% in the coming year, from $0.48 to $0.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Patterson-UTI Energy is 15.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Patterson-UTI Energy is 15.34, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.46.Price to Book Value per Share RatioPatterson-UTI Energy has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Patterson-UTI Energy's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPressThis TSLA short trade is on a nine win hot streakMost Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.But I can promise that you’ll see all the details for yourself here. About Patterson-UTI Energy Stock (NASDAQ:PTEN)Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.Read More PTEN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PTEN Stock News HeadlinesJuly 25 at 7:44 AM | msn.comPatterson-UTI Energy misses top-line and bottom-line estimates; initiates Q3 and FY24 outlookJuly 25 at 2:26 AM | americanbankingnews.comPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Given Consensus Recommendation of "Moderate Buy" by BrokeragesJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 25 at 12:57 AM | markets.businessinsider.comHere's what Wall Street expects from Patterson-UTI Energy's earnings reportJuly 19, 2024 | americanbankingnews.comPatterson-UTI Energy Target of Unusually High Options Trading (NASDAQ:PTEN)July 17, 2024 | americanbankingnews.comPatterson-UTI Energy (NASDAQ:PTEN) Given New $16.00 Price Target at Stifel NicolausJuly 17, 2024 | americanbankingnews.comPatterson-UTI Energy (PTEN) Scheduled to Post Quarterly Earnings on WednesdayJuly 16, 2024 | americanbankingnews.comPatterson-UTI Energy (NASDAQ:PTEN) Given New $12.00 Price Target at Piper SandlerJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 1, 2024 | investorplace.comBlack Gold Bargains: 7 Discounted Oil Stocks Ready for a ComebackJune 20, 2024 | gurufocus.comInsider Sale: President-Completions Matthew Gillard Sells 60,000 Shares of Patterson-UTI Energy ...May 23, 2024 | finance.yahoo.comPatterson-UTI Energy (NASDAQ:PTEN) Is Due To Pay A Dividend Of $0.08May 22, 2024 | benzinga.comPatterson-UTI Energy Recent Insider ActivityMay 9, 2024 | finance.yahoo.comThe Patterson-UTI Energy, Inc. (NASDAQ:PTEN) First-Quarter Results Are Out And Analysts Have Published New ForecastsMay 9, 2024 | markets.businessinsider.comStifel Nicolaus Reaffirms Their Buy Rating on Patterson-UTI (PTEN)May 7, 2024 | finance.yahoo.comPatterson-UTI Energy (NASDAQ:PTEN) Has Affirmed Its Dividend Of $0.08May 6, 2024 | markets.businessinsider.comBenchmark Co. Reaffirms Their Hold Rating on Patterson-UTI (PTEN)May 6, 2024 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Patterson-UTI (PTEN)See More Headlines Receive PTEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Patterson-UTI Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/01/2024Ex-Dividend for 6/17 Dividend6/03/2024Dividend Payable6/17/2024Today7/26/2024Ex-Dividend for 9/16 Dividend9/03/2024Dividend Payable9/16/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Drilling oil & gas wells Sub-IndustryOil & Gas Drilling Current SymbolNASDAQ:PTEN CUSIP70348110 CIK889900 Webwww.patenergy.com Phone(281) 765-7100Fax281-765-7175Employees10,600Year Founded1978Price Target and Rating Average Stock Price Target$14.77 High Stock Price Target$18.00 Low Stock Price Target$12.00 Potential Upside/Downside+44.6%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$0.68 Trailing P/E Ratio15.21 Forward P/E Ratio21.54 P/E GrowthN/ANet Income$246.29 million Net Margins4.07% Pretax Margin5.32% Return on Equity7.13% Return on Assets4.57% Debt Debt-to-Equity Ratio0.26 Current Ratio1.48 Quick Ratio1.28 Sales & Book Value Annual Sales$4.15 billion Price / Sales1.00 Cash Flow$2.64 per share Price / Cash Flow3.92 Book Value$11.55 per share Price / Book0.90Miscellaneous Outstanding Shares401,700,000Free Float392,462,000Market Cap$4.15 billion OptionableOptionable Beta2.19 Social Links These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. William Andrew Hendricks Jr. (Age 59)President, CEO & Director Comp: $2.35MMr. C. Andrew Smith (Age 53)Executive VP & CFO Comp: $1.07MMr. Seth D. Wexler (Age 52)Senior VP, General Counsel & Secretary Comp: $895.6kMr. Kenneth N. Berns CPA (Age 64)Executive VP & Chief Commercial Officer Comp: $1.05MMr. James Michael Holcomb (Age 61)Executive VP & Chief Business Officer Comp: $1.31MMr. Michael James SabellaVice President of Investor RelationsMr. Marty UnreinSenior VP of Sales & MarketingMs. Diana DotoloSenior Vice President of Human ResourcesMr. Matt PyeSenior Vice President of Industry AffairsMs. Kathryn RoarkSenior Vice President of Sustainability, Diversity & CultureMore ExecutivesKey CompetitorsHelmerich & PayneNYSE:HPOasis Midstream PartnersNASDAQ:OMPNabors IndustriesNYSE:NBRValarisNYSE:VALTransoceanNYSE:RIGView All CompetitorsInsiders & InstitutionsAllspring Global Investments Holdings LLCSold 865,859 shares on 7/26/2024Ownership: 1.603%Bank of New York Mellon CorpBought 101,307 shares on 7/26/2024Ownership: 0.988%Ceredex Value Advisors LLCBought 1,161,200 shares on 7/25/2024Ownership: 0.289%Louisiana State Employees Retirement SystemSold 3,500 shares on 7/24/2024Ownership: 0.039%Canoe Financial LPBought 9,500 shares on 7/23/2024Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions PTEN Stock Analysis - Frequently Asked Questions How have PTEN shares performed this year? Patterson-UTI Energy's stock was trading at $10.80 at the start of the year. Since then, PTEN shares have decreased by 3.4% and is now trading at $10.43. View the best growth stocks for 2024 here. How were Patterson-UTI Energy's earnings last quarter? Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its quarterly earnings data on Wednesday, May, 1st. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The oil and gas company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Patterson-UTI Energy had a net margin of 4.07% and a trailing twelve-month return on equity of 7.13%. What is Andy Hendricks' approval rating as Patterson-UTI Energy's CEO? 73 employees have rated Patterson-UTI Energy Chief Executive Officer Andy Hendricks on Glassdoor.com. Andy Hendricks has an approval rating of 79% among the company's employees. Does Patterson-UTI Energy have any subsidiaries? The following companies are subsidiaries of Patterson-UTI Energy: Superior QC, Seventy Seven Energy Inc., Warrior Rig Technologies, TMBR/ Sharp Drilling, Jones Drilling, High Valley Drilling, Wek Drilling, and more. Who are Patterson-UTI Energy's major shareholders? Top institutional shareholders of Patterson-UTI Energy include Allspring Global Investments Holdings LLC (1.60%), Bank of New York Mellon Corp (0.99%), Vaughan Nelson Investment Management L.P. (0.81%) and Nisa Investment Advisors LLC (0.41%). Insiders that own company stock include Robert Wayne Drummond Jr, William Andrew Hendricks Jr, James Carl Stewart, Kenneth N Berns, Charles Andrew Smith, James Michael Holcomb, Seth David Wexler and Tiffany Thom Cepak. View institutional ownership trends. How do I buy shares of Patterson-UTI Energy? Shares of PTEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Patterson-UTI Energy own? Based on aggregate information from My MarketBeat watchlists, some other companies that Patterson-UTI Energy investors own include Energy Transfer (ET), Oasis Petroleum (OAS), Delta Air Lines (DAL), Nabors Industries (NBR), Halliburton (HAL), Ford Motor (F) and Marathon Oil (MRO). This page (NASDAQ:PTEN) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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