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

$8.76
+0.29 (+3.42 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$8.47
Now: $8.76
$8.82
50-Day Range
$7.70
MA: $8.55
$9.66
52-Week Range
$7.67
Now: $8.76
$16.27
Volume3.05 million shs
Average Volume4.59 million shs
Market Capitalization$1.70 billion
P/E RatioN/A
Dividend Yield1.89%
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$5.01 per share
Book Value$15.13 per share

Profitability

Net Income$-321,420,000.00

Miscellaneous

Employees8,000
Market Cap$1.70 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 declared a quarterly dividend on Thursday, October 24th. Shareholders 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 annualized dividend and a yield of 1.83%. 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 of Directors has authorized a stock buyback program on Thursday, February 7th 2019, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are 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) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.03. The oil and gas company earned $598.50 million during 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%. Patterson-UTI Energy's revenue was down 31.0% on a year-over-year basis. During the same period in the previous year, the company posted ($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 equities research analysts have issued 12-month price objectives for Patterson-UTI Energy's stock. Their forecasts range from $9.00 to $17.00. On average, they expect Patterson-UTI Energy's share price to reach $12.19 in the next year. This suggests a possible upside of 39.1% 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?

News stories about PTEN stock have been trending negative recently, InfoTrie reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Patterson-UTI Energy earned a news sentiment score of -2.5 on InfoTrie's scale. They also assigned news articles about the oil and gas company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Patterson-UTI Energy.

Are investors shorting Patterson-UTI Energy?

Patterson-UTI Energy saw a drop in short interest during the month of October. As of October 31st, there was short interest totalling 19,340,000 shares, a drop of 7.5% from the September 30th total of 20,910,000 shares. Based on an average trading volume of 4,260,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 10.1% of the company's shares 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson-UTI Energy investors own include Nabors Industries (NBR), Seventy Seven Energy (SSEIQ), Micron Technology (MU), Energy Transfer LP Unit (ET), Ford Motor (F), Oasis Petroleum (OAS), Starbucks (SBUX), Halliburton (HAL), CBL & Associates Properties (CBL) and Chesapeake Energy (CHK).

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 investors 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 bought 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 $8.76.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $1.70 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 11/17/2019 by MarketBeat.com Staff

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