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Patterson-UTI Energy Stock Price, Forecast & Analysis (NASDAQ:PTEN)

$8.80
+0.33 (+3.90 %)
(As of 11/15/2019 02:14 PM ET)
Today's Range
$8.49
Now: $8.80
$8.81
50-Day Range
$7.70
MA: $8.56
$9.66
52-Week Range
$7.67
Now: $8.80
$16.27
Volume105,171 shs
Average Volume4.67 million shs
Market Capitalization$1.71 billion
P/E RatioN/A
Dividend Yield1.77%
Beta1.58
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 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, West Virginia, and western Canada. Read More…

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
Current SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.33 billion
Cash Flow$4.71 per share
Book Value$15.13 per share

Profitability

Net Income$-321,420,000.00

Miscellaneous

Employees8,000
Market Cap$1.71 billion
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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Patterson-UTI Energy (NASDAQ:PTEN) Frequently Asked Questions

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 announced a quarterly dividend on Thursday, October 24th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.04 per share on Thursday, December 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Wednesday, December 4th. View Patterson-UTI Energy's Dividend History.

How will Patterson-UTI Energy's stock buyback program work?

Patterson-UTI Energy declared that its board has authorized a stock buyback program on Thursday, February 7th 2019, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its earnings results on Thursday, October, 24th. The oil and gas company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.03. The oil and gas company had revenue of $598.50 million for the quarter, compared to the consensus estimate of $604.66 million. Patterson-UTI Energy had a negative return on equity of 3.85% and a negative net margin of 19.50%. The firm's quarterly revenue was down 31.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) EPS. View Patterson-UTI Energy's Earnings History.

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

Patterson-UTI Energy is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Patterson-UTI Energy.

What price target have analysts set for PTEN?

18 Wall Street analysts have issued 12 month target prices for Patterson-UTI Energy's stock. Their forecasts range from $9.00 to $17.00. On average, they expect Patterson-UTI Energy's stock price to reach $12.19 in the next year. This suggests a possible upside of 38.5% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.

What is the consensus analysts' recommendation for Patterson-UTI Energy?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Patterson-UTI Energy.

Has Patterson-UTI Energy been receiving favorable news coverage?

Press coverage about PTEN stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Patterson-UTI Energy earned a news impact score of -1.4 on InfoTrie's scale. They also assigned press coverage about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Patterson-UTI Energy.

Are investors shorting Patterson-UTI Energy?

Patterson-UTI Energy saw a decline in short interest in October. As of October 31st, there was short interest totalling 19,340,000 shares, a decline of 7.5% from the September 30th total of 20,910,000 shares. Based on an average daily trading volume, of 4,260,000 shares, the short-interest ratio is presently 4.5 days. Currently, 10.1% of the company's stock are short sold. View Patterson-UTI Energy's Current Options Chain.

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

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

Who are Patterson-UTI Energy's key executives?

Patterson-UTI Energy's management team includes the folowing people:
  • Mr. Mark Steven Siegel, Exec. Chairman (Age 68)
  • Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 54)
  • Mr. C. Andrew Smith, Exec. VP & CFO (Age 48)
  • Mr. Kenneth N. Berns, Exec. VP & Chief Commercial Officer (Age 59)
  • Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 56)

Who are Patterson-UTI Energy's major shareholders?

Patterson-UTI Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (5.11%), Scout Investments Inc. (1.50%), Kahn Brothers Group Inc. DE (1.39%), Carillon Tower Advisers Inc. (1.07%), Sicart Associates LLC (0.32%) and Robeco Institutional Asset Management B.V. (0.29%). Company insiders that own Patterson-UTI Energy stock include Curtis W Huff, Janeen S Judah, Terry H Hunt and Tiffany J Thom. View Institutional Ownership Trends for Patterson-UTI Energy.

Which institutional investors are selling Patterson-UTI Energy stock?

PTEN stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, First Trust Advisors LP, Nisa Investment Advisors LLC, Eagle Asset Management Inc., Tower Research Capital LLC TRC , Rhumbline Advisers, Sicart Associates LLC and Nikko Asset Management Americas Inc.. View Insider Buying and Selling for Patterson-UTI Energy.

Which institutional investors are buying Patterson-UTI Energy stock?

PTEN stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Scout Investments Inc., Carillon Tower Advisers Inc., Kahn Brothers Group Inc. DE, Robeco Institutional Asset Management B.V., State of New Jersey Common Pension Fund D, Mackay Shields LLC and Cerebellum GP LLC. View Insider Buying and Selling for Patterson-UTI Energy.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

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

One share of PTEN stock can currently be purchased for approximately $8.80.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $1.71 billion and generates $3.33 billion in revenue each year. The oil and gas company earns $-321,420,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis. Patterson-UTI Energy employs 8,000 workers across the globe.View Additional Information About Patterson-UTI Energy.

What is Patterson-UTI Energy's official website?

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

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]


MarketBeat Community Rating for Patterson-UTI Energy (NASDAQ PTEN)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  680 (Vote Outperform)
Underperform Votes:  766 (Vote Underperform)
Total Votes:  1,446
MarketBeat's community ratings are surveys of what our community members think about Patterson-UTI Energy and other stocks. Vote "Outperform" if you believe PTEN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PTEN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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