NASDAQ:PTEN

Patterson-UTI Energy Stock Forecast, Price & News

$10.97
+0.32 (+3.00 %)
(As of 06/24/2021 04:32 PM ET)
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Today's Range
$10.54
$11.08
50-Day Range
$6.24
$10.72
52-Week Range
$2.38
$11.27
Volume1.43 million shs
Average Volume2.29 million shs
Market Capitalization$2.07 billion
P/E RatioN/A
Dividend Yield0.75%
Beta3.19
30 days | 90 days | 365 days | Advanced Chart
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Patterson-UTI Energy logo

About Patterson-UTI Energy

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. 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 and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, and West Virginia. As of December 31, 2020, this segment had a drilling fleet of 210 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 wireline steering tools; and services that enhance the accuracy of horizontal wellbore placement. It also service 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. The company was founded in 1978 and is headquartered in Houston, Texas.

Headlines

Patterson-UTI Energy (NASDAQ:PTEN) Shares Gap Up to $9.79
Patterson-UTI Energy (NASDAQ:PTEN) Shares Gap Up to $9.79
June 21, 2021 |  americanbankingnews.com
PTEN: Lowering target price to $8.00
PTEN: Lowering target price to $8.00
June 17, 2021 |  finance.yahoo.com
Patterson-UTI Energy (NASDAQ:PTEN) Sees Strong Trading Volume
Patterson-UTI Energy (NASDAQ:PTEN) Sees Strong Trading Volume
June 16, 2021 |  americanbankingnews.com
PATTERS.-UTI DL-,01 (PE1.DU)
PATTERS.-UTI DL-,01 (PE1.DU)
June 15, 2021 |  uk.finance.yahoo.com
Patterson-UTI Energy (NASDAQ:PTEN) Shares Up 5.8%
Patterson-UTI Energy (NASDAQ:PTEN) Shares Up 5.8%
June 8, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

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MarketRank

Overall MarketRank

1.13 out of 5 stars

Oils/Energy Sector

199th out of 689 stocks

Drilling Oil & Gas Wells Industry

3rd out of 37 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Patterson-UTI Energy (NASDAQ:PTEN) Frequently Asked Questions

Is Patterson-UTI Energy a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Patterson-UTI Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTEN, but not buy additional shares or sell existing shares.
View analyst ratings for Patterson-UTI Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Patterson-UTI Energy?

Wall Street analysts have given Patterson-UTI Energy a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Patterson-UTI Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Patterson-UTI Energy?

Patterson-UTI Energy saw a decrease in short interest in the month of May. As of May 28th, there was short interest totaling 13,450,000 shares, a decrease of 13.6% from the May 13th total of 15,570,000 shares. Based on an average daily trading volume, of 2,040,000 shares, the short-interest ratio is presently 6.6 days. Currently, 7.4% of the company's shares are sold short.
View Patterson-UTI Energy's Short Interest
.

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

Patterson-UTI Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Patterson-UTI Energy
.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) posted its quarterly earnings data on Thursday, April, 29th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by $0.01. The oil and gas company had revenue of $241 million for the quarter, compared to analysts' expectations of $240.99 million. Patterson-UTI Energy had a negative net margin of 51.71% and a negative trailing twelve-month return on equity of 20.76%. The business's quarterly revenue was down 46.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.45) EPS.
View Patterson-UTI Energy's earnings history
.

How has Patterson-UTI Energy's stock price been impacted by COVID-19?

Patterson-UTI Energy's stock was trading at $2.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PTEN shares have increased by 420.4% and is now trading at $10.98.
View which stocks have been most impacted by COVID-19
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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 Friday, April 30th. Stockholders of record on Thursday, June 3rd will be given a dividend of $0.02 per share on Thursday, June 17th. This represents a $0.08 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, June 2nd.
View Patterson-UTI Energy's dividend history
.

Is Patterson-UTI Energy a good dividend stock?

Patterson-UTI Energy pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.77%.
View Patterson-UTI Energy's dividend history.

What price target have analysts set for PTEN?

7 analysts have issued 12 month price targets for Patterson-UTI Energy's shares. Their forecasts range from $2.00 to $12.00. On average, they expect Patterson-UTI Energy's share price to reach $6.46 in the next year. This suggests that the stock has a possible downside of 41.1%.
View analysts' price targets for Patterson-UTI Energy
or view top-rated stocks among Wall Street analysts.

Who are Patterson-UTI Energy's key executives?

Patterson-UTI Energy's management team includes the following people:
  • Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 56, Pay $1.64M)
  • Mr. C. Andrew Smith, Exec. VP & CFO (Age 50, Pay $742.65k)
  • Mr. Seth D. Wexler, Sr. VP, Gen. Counsel & Sec. (Age 49, Pay $714.4k)
  • Mr. Kenneth N. Berns, Exec. VP & Chief Commercial Officer (Age 61, Pay $731.25k)
  • Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 58, Pay $699.6k)
  • Mr. James Michael Drickamer CFA, VP of Investor Relations

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.

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

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), (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. (17.48%), Dimensional Fund Advisors LP (5.31%), Renaissance Technologies LLC (3.12%), Kahn Brothers Group Inc. DE (3.00%), Van ECK Associates Corp (2.42%) and Deprince Race & Zollo Inc. (2.07%). Company insiders that own Patterson-UTI Energy stock include Curtis W Huff, Janeen S Judah, 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 Ameriprise Financial Inc., Renaissance Technologies LLC, Millennium Management LLC, D. E. Shaw & Co. Inc., JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Robeco Institutional Asset Management B.V., and Morgan Stanley.
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 purchased by a variety of institutional investors in the last quarter, including Deprince Race & Zollo Inc., BlackRock Inc., Russell Investments Group Ltd., Man Group plc, Guggenheim Capital LLC, Van ECK Associates Corp, Brandywine Global Investment Management LLC, and Voloridge Investment Management LLC. Company insiders that have bought Patterson-UTI Energy stock in the last two years include Curtis W Huff, Janeen S Judah, and William Andrew Hendricks Jr.
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 $10.98.

How much money does Patterson-UTI Energy make?

Patterson-UTI Energy has a market capitalization of $2.07 billion and generates $1.12 billion in revenue each year. The oil and gas company earns $-803,690,000.00 in net income (profit) each year or ($2.17) on an earnings per share basis.

How many employees does Patterson-UTI Energy have?

Patterson-UTI Energy employs 3,000 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.

When was Patterson-UTI Energy founded?

Patterson-UTI Energy was founded in 1978.

What is Patterson-UTI Energy's official website?

The official website for Patterson-UTI Energy is www.patenergy.com.

Where are Patterson-UTI Energy's headquarters?

Patterson-UTI Energy is headquartered at 10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800, HOUSTON TX, 77064.

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 oil and gas company can be reached via phone at 281-765-7100 or via email at [email protected]


This page was last updated on 6/24/2021 by MarketBeat.com Staff
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