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: $27.06
  • 50 Day Moving Average: $27.93
  • 200 Day Moving Average: $24.17
  • 52-Week Range: $13.91 - $29.76
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -62.93
  • P/E Growth: -1.76
  • Market Cap: $3.97B
  • Outstanding Shares: 146,705,000
  • Beta: 0.88
  • Net Margins: -34.79%
  • Return on Equity: -13.25%
  • Return on Assets: -7.64%
  • Debt-to-Equity Ratio: 0.26%
  • Current Ratio: 1.19%
  • Quick Ratio: 1.10%
Additional Links:
Companies Related to Patterson-UTI Energy:

Analyst Ratings

Consensus Ratings for Patterson-UTI Energy (NASDAQ:PTEN) (?)
Ratings Breakdown: 1 Sell Rating, 13 Hold Ratings, 17 Buy Ratings
Consensus Rating:Buy (Score: 2.52)
Consensus Price Target: $25.73 (4.91% downside)

Analysts' Ratings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateFirmActionRatingPrice TargetDetails
2/20/2017GuggenheimUpgradeNeutral -> BuyView Rating Details
2/16/2017Jefferies Group LLCReiterated RatingBuy$34.00View Rating Details
2/11/2017BMO Capital MarketsSet Price TargetHold$28.00View Rating Details
2/10/2017Wolfe ResearchUpgradeMarket Perform -> OutperformView Rating Details
1/25/2017Goldman Sachs Group, Inc. (The)Reiterated RatingNeutral$32.00View Rating Details
1/19/2017Cowen and CompanyDowngradeOutperform -> Market Perform$26.00View Rating Details
1/18/2017SunTrust Banks, Inc.Initiated CoverageBuy$33.00View Rating Details
1/9/2017RBC Capital MarketsReiterated RatingBuy$35.00View Rating Details
1/4/2017KeyCorpUpgradeSector Weight -> Overweight$35.00View Rating Details
1/4/2017Credit Suisse GroupUpgradeUnderperform -> Neutral$18.00 -> $23.00View Rating Details
12/14/2016Evercore ISIReiterated RatingBuy$27.00 -> $30.00View Rating Details
12/14/2016WunderlichSet Price TargetHold$24.00 -> $27.00View Rating Details
12/13/2016StephensUpgradeUnderweight -> Equal WeightView Rating Details
12/7/2016J P Morgan Chase & CoUpgradeUnderweight -> Neutral$14.00 -> $24.00View Rating Details
11/30/2016Bank of America CorpUpgradeNeutral -> BuyView Rating Details
10/28/2016ScotiabankReiterated RatingSector Perform$22.00 -> $27.00View Rating Details
10/28/2016Howard WeilBoost Price TargetSector Perform$22.00 -> $27.00View 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
8/9/2016MacquarieDowngradeNeutral -> Underperform$14.00View Rating Details
7/15/2016KLR GroupReiterated RatingHold$29.00View Rating Details
7/8/2016Seaport Global SecuritiesUpgradeNeutral -> BuyView Rating Details
6/29/2016SimmonsUpgradeNeutral -> Overweight$17.50 -> $23.00View Rating Details
6/29/2016Piper Jaffray CompaniesUpgradeNeutral -> OverweightView Rating Details
5/2/2016GMP SecuritiesDowngradeBuy -> HoldView Rating Details
4/29/2016Royal Bank Of CanadaBoost Price TargetOutperform$20.00 -> $22.00View Rating Details
4/19/2016Morgan StanleyBoost Price TargetOverweight$18.50 -> $21.00View Rating Details
3/12/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
3/9/2016Susquehanna Bancshares IncBoost Price TargetPositive$17.00 -> $20.00View Rating Details
2/5/2016Raymond James Financial, Inc.Reiterated RatingBuyView Rating Details
1/11/2016Wells Fargo & CompanyUpgradeMarket Perform -> OutperformView Rating Details
9/9/2015Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
3/6/2015Capital One Financial CorporationDowngradeOverweight -> Equal WeightView Rating Details
(Data available from 2/23/2015 forward)


Earnings History for Patterson-UTI Energy (NASDAQ:PTEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/9/2017Q416($0.54)($0.53)$228.83 million$247.00 millionViewListenView Earnings Details
10/27/2016Q316($0.60)($0.58)$205.31 million$206.10 millionViewListenView 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: $-1.37 EPS
Next Year EPS Consensus Estimate: $-0.43 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 20166($0.58)($0.53)($0.55)
Q1 20176($0.61)($0.44)($0.52)
Q2 20176($0.58)($0.37)($0.49)
Q3 20176($0.51)($0.30)($0.42)
Q4 20176($0.46)($0.22)($0.36)
Q1 20182($0.21)($0.17)($0.19)
Q2 20182($0.16)($0.11)($0.14)
Q3 20182($0.09)($0.09)($0.09)
Q4 20182($0.02)($0.01)($0.02)
(Data provided by Zacks Investment Research)


Current Dividend Information for Patterson-UTI Energy (NASDAQ:PTEN)
Annual Dividend:$0.08
Dividend Yield:0.30%
Payout Ratio:-3.69% (Based on Trailing 12 Months of Earnings)
-5.84% (Based on Current Year Consensus EPS Estimate)
-18.60% (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%
Institutional Ownership Percentage: 98.84%
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)
DateHeadline logoPatterson-UTI Energy, Inc. Announces Record Date for Special Meeting Regarding Merger With Seventy Seven Energy Inc. (NASDAQ:PTEN) - February 22 at 7:30 PM logoWall Street’s Forecasts for Patterson-UTI Energy (NASDAQ:PTEN) - February 22 at 9:24 AM logoExploring Patterson-UTI Energy’s Short Interest (NASDAQ:PTEN) - February 21 at 5:31 PM
News IconToday Analysts Focus on Trinity Industries, Inc. (TRN), Patterson-UTI Energy, Inc. (PTEN) - StockNewsJournal (NASDAQ:PTEN) - February 20 at 9:19 AM logoWall Street’s Forecasts for Nabors before 4Q16 Earnings (NASDAQ:PTEN) - February 20 at 9:19 AM
News IconLooking at the Numbers for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Davidson Register (NASDAQ:PTEN) - February 17 at 8:05 PM
News IconSell-Side Analyst's Predictions: Sunoco Logistics Partners LP (SXL), Patterson-UTI Energy, Inc. (PTEN) - The USA Commerce (NASDAQ:PTEN) - February 17 at 8:05 PM
News IconBuy or Sell? Average Brokerage Ratings on Patterson-UTI Energy, Inc. (PTEN), The Goodyear Tire & Rubber Company ... - StockNewsJournal (NASDAQ:PTEN) - February 17 at 8:05 PM
News IconTaking a Look at the Data Behind Patterson-UTI Energy, Inc. (PTEN) - StockNewsJournal (NASDAQ:PTEN) - February 17 at 8:05 PM logoPATTERSON UTI ENERGY INC Financials (NASDAQ:PTEN) - February 17 at 8:05 PM
News IconPatterson-UTI Energy, Inc. (PTEN) Rating Increased to Outperform at Wolfe Research (NASDAQ:PTEN) - February 16 at 6:59 PM
News IconStock Momentum Focus on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Baldwin Journal (NASDAQ:PTEN) - February 15 at 4:59 AM
News IconPeeling Back The Layers on Patterson-UTI Energy, Inc. (NASDAQ:PTEN): Analysts & Street Weigh In - Winfield Review (NASDAQ:PTEN) - February 15 at 4:59 AM
News IconPatterson-UTI Energy, Inc. (PTEN) : Checking the Chart - The USA Commerce (NASDAQ:PTEN) - February 15 at 4:59 AM logoAnalyst Upgrades – Patterson-UTI Energy (NASDAQ:PTEN) Stock Gets Upgraded By Guggenheim from Neutral to Buy (NASDAQ:PTEN) - February 14 at 11:57 PM logoPatterson-UTI Energy (PTEN) Presents at Credit Suisse 22nd Annual Energy Summit (NASDAQ:PTEN) - February 14 at 11:57 PM logoPatterson-UTI upgraded by Guggenheim (NASDAQ:PTEN) - February 14 at 11:57 PM logoPatterson-UTI Energy, Inc. :PTEN-US: Earnings Analysis: 2016 By the Numbers : February 13, 2017 (NASDAQ:PTEN) - February 14 at 3:28 AM logoPatterson-UTI (PTEN) Q4 Loss in Line with Estimates (NASDAQ:PTEN) - February 14 at 3:28 AM logoPATTERSON UTI ENERGY INC Files SEC form 10-K, Annual Report (NASDAQ:PTEN) - February 14 at 3:28 AM logoPATTERSON UTI ENERGY INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:PTEN) - February 14 at 3:28 AM
News IconTechnicals in Focus for Patterson-UTI Energy, Inc. (PTEN) - The USA Commerce (NASDAQ:PTEN) - February 12 at 8:29 AM
News IconWhy Did Patterson-UTI Energy's 4Q16 Earnings Beat Estimates? (NASDAQ:PTEN) - February 11 at 7:26 PM logoPatterson-UTI Energy, Inc. :PTEN-US: Earnings Analysis: Q4, 2016 By the Numbers : February 10, 2017 (NASDAQ:PTEN) - February 10 at 9:40 PM logoWhat Drove Patterson-UTI Energy’s Performance in 4Q16? (NASDAQ:PTEN) - February 10 at 9:40 PM
News IconPatterson-UTI Energy (PTEN) Releases Earnings Results, Beats Expectations By $0.02 EPS (NASDAQ:PTEN) - February 10 at 3:07 AM
News IconPatterson-UTI Energy, Inc. (PTEN), Tidewater Inc. (TDW) (NASDAQ:PTEN) - February 10 at 3:07 AM logoPatterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2016 (NASDAQ:PTEN) - February 10 at 3:07 AM logoPATTERSON UTI ENERGY INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and (NASDAQ:PTEN) - February 10 at 3:07 AM logoPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Is Expected To Post EPS Of $-0.01 - (NASDAQ:PTEN) - February 9 at 10:06 PM
News IconChecking Out the Technicals for Patterson-UTI Energy, Inc. (PTEN) - The USA Commerce (NASDAQ:PTEN) - February 9 at 10:06 PM logoPatterson-UTI reports 4Q loss (NASDAQ:PTEN) - February 9 at 10:06 PM logoQ4 2016 Patterson-UTI Energy Inc Earnings Release - Before Market Open (NASDAQ:PTEN) - February 9 at 10:06 PM logoPatterson-UTI Energy Inc Earnings Call scheduled for 10:00 am ET today (NASDAQ:PTEN) - February 9 at 10:06 PM logoEdited Transcript of PTEN earnings conference call or presentation 9-Feb-17 3:00pm GMT (NASDAQ:PTEN) - February 9 at 10:06 PM
News IconPast Quarters Surprise Report for Patterson-UTI Energy Inc. (NASDAQ:PTEN) (NASDAQ:PTEN) - February 8 at 3:05 AM logoPatterson-UTI Energy (PTEN): What to Expect in Q4 Earnings? (NASDAQ:PTEN) - February 7 at 10:04 PM logo3 Trending Stocks: Patterson-UTI Energy, Inc. (PTEN), Extended Stay America, Inc. (STAY), Zions Bancorporation (ZION) - iStreetWire (NASDAQ:PTEN) - February 7 at 8:39 AM logoPatterson-UTI Energy to Present at the Credit Suisse 22nd Annual Energy Summit (NASDAQ:PTEN) - February 7 at 8:39 AM
News IconLooking at the Tea Leaves for Patterson-UTI Energy, Inc. (PTEN) - The USA Commerce (NASDAQ:PTEN) - February 7 at 12:31 AM
News IconChecking the Overall Picture for Patterson-UTI Energy, Inc. (PTEN) - StockNewsJournal (NASDAQ:PTEN) - February 5 at 8:31 AM
News IconPatterson-UTI Energy, Inc. (PTEN) : How Do the Technicals Stack Up? - The USA Commerce (NASDAQ:PTEN) - February 4 at 7:27 PM logoPatterson-UTI Reports Drilling Activity for January 2017 (NASDAQ:PTEN) - February 3 at 8:14 PM
News IconDoes This Provide a Reason to Buy Patterson-UTI Energy, Inc. (PTEN)? The Stock Has Formed Multiple Top (NASDAQ:PTEN) - January 31 at 9:14 PM logoHas Short Interest in PTEN Decreased since 3Q16? (NASDAQ:PTEN) - January 31 at 9:14 PM
News IconLevels in Review for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - The Tribune (NASDAQ:PTEN) - January 31 at 1:03 AM
News IconStock Tracker: Trend Analysis on Patterson-UTI Energy Inc. (PTEN) - Springdale Times (NASDAQ:PTEN) - January 30 at 8:03 PM
News IconStocks Wilt on Friday But Pull Off Positive Week, How Did This One Fare: Patterson-UTI Energy, Inc. (NASDAQ:PTEN) - Wall Street Beacon (NASDAQ:PTEN) - January 30 at 8:10 AM logoWill Upstream Operators’ Capex Affect PTEN’s Margins in 4Q16? (NASDAQ:PTEN) - January 30 at 8:10 AM logoWhat Does Wall Street Project for Baker Hughes after 4Q16 Results? (NASDAQ:PTEN) - January 30 at 8:10 AM


What is Patterson-UTI Energy's stock symbol?

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

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 Thursday, February 9th. Shareholders of record on Wednesday, March 8th will be given a dividend of $0.02 per share on Wednesday, March 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Monday, March 6th.

Where is Patterson-UTI Energy's stock going? Where will Patterson-UTI Energy's stock price be in 2017?

31 brokers have issued 1-year price objectives for Patterson-UTI Energy's stock. Their predictions range from $10.00 to $40.00. On average, they expect Patterson-UTI Energy's share price to reach $25.73 in the next year.

When will Patterson-UTI Energy announce their earnings?

Patterson-UTI Energy is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

What are analysts saying about Patterson-UTI Energy stock?

Here are some recent quotes from research analysts about Patterson-UTI Energy stock:

  • According to Zacks Investment Research, "Currently trading near its 52-week high, Patterson-UTI shares has been comfortably outperforming the Zacks categorized 'Oil & Gas Drilling' industry over the past 1 year. The company's large, high-quality fleet of drilling rigs – especially the technologically advanced ‘Apex’ ones – are the key to its success. We believe Patterson-UTI's impending acquisition of smaller rival Seventy Seven Energy will bolster its scale and customer base, while helping to enhance its geographic footprint to most active basins in the U.S. However, the ongoing weakness in commodity prices – despite the recent OPEC-driven recovery – has curtailed energy drilling and equipment demand thereby affecting the company’s revenues, earnings and cash flow. Hence, while being incrementally positive on Patterson-UTI, we expect the shares to remain soft until commodity prices recover sufficiently." (2/22/2017)

  • Jefferies Group LLC analysts commented, "SVNT's 4Q16 brought strong margin improvement in Hydraulic Fracturing and Oilfield Rentals and continued market share gains in Drilling. Momentum continues to build in 2017 and we expect further boost from PTEN's significantly wider customer base. We continue to believe synergies can exceed $75MM (vs. guidance of $50MM+), primarily from sand logistics and SG&A optimization, post PTEN-SVNT merger. We raise PTEN pro-forma 2018E EBITDA to $915MM; raise PT to $35." (2/16/2017)

Who owns Patterson-UTI Energy stock?

Patterson-UTI Energy's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.36%), Van ECK Associates Corp (5.83%), State Street Corp (2.82%), Prudential PLC (2.28%), Thrivent Financial for Lutherans (1.04%) and Discovery Capital Management LLC CT (0.87%).

Who sold Patterson-UTI Energy stock? Who is selling Patterson-UTI Energy stock?

Patterson-UTI Energy's stock was sold by a variety of institutional investors in the last quarter, including RidgeWorth Capital Management LLC, Thrivent Financial for Lutherans, Cortina Asset Management LLC, Dimensional Fund Advisors LP, Castleark Management LLC, Janus Capital Management LLC, Guggenheim Capital LLC and Teachers Retirement System of The State of Kentucky.

Who bought Patterson-UTI Energy stock? Who is buying Patterson-UTI Energy stock?

Patterson-UTI Energy's stock was purchased by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Discovery Capital Management LLC CT, Marshall Wace LLP, Precocity Capital LP, FMR LLC, Paradigm Asset Management Co. LLC, Employees Retirement System of Texas and Russell Investments Group Ltd..

How do I buy Patterson-UTI Energy stock?

Shares of Patterson-UTI Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Patterson-UTI Energy stock cost?

One share of Patterson-UTI Energy stock can currently be purchased for approximately $27.06.

Patterson-UTI Energy (NASDAQ:PTEN) Chart for Thursday, February, 23, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)

Earnings History Chart

Earnings by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)

Dividend History Chart

Dividend Payments by Quarter for Patterson-UTI Energy (NASDAQ:PTEN)

Last Updated on 2/23/2017 by Staff