About Patterson-UTI (NASDAQ:PTEN)

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 two segments, Contract Drilling and Pressure Pumping. The Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2017, this segment had a drilling fleet of 295 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, nitrogen, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. Patterson-UTI Energy, Inc. also manufactures and sells pipe handling components and related technology to drilling contractors 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. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100
Debt
Debt-to-Equity Ratio0.15%
Current Ratio1.37%
Quick Ratio1.24%
Price-To-Earnings
Trailing P/E Ratio-26.39
Forward P/E Ratio2,111.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.36 billion
Price / Sales1.99
Cash Flow$3.0157 per share
Price / Cash7.00
Book Value$17.90 per share
Price / Book1.18
Profitability
EPS (Most Recent Fiscal Year)($0.80)
Net Income$5.91 million
Net Margins0.25%
Return on Equity-4.82%
Return on Assets-3.21%
Miscellaneous
Employees8,000
Outstanding Shares222,000,000
Patterson-UTI (NASDAQ:PTEN) Frequently Asked Questions
What is Patterson-UTI's stock symbol?
Patterson-UTI trades on the NASDAQ under the ticker symbol "PTEN."
How often does Patterson-UTI pay dividends? What is the dividend yield for Patterson-UTI?
Patterson-UTI announced a quarterly dividend on Thursday, April 26th. Stockholders of record on Thursday, June 7th will be given a dividend of $0.04 per share on Thursday, June 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.76%. This is a boost from Patterson-UTI's previous quarterly dividend of $0.02. View Patterson-UTI's Dividend History.
How were Patterson-UTI's earnings last quarter?
Patterson-UTI (NASDAQ:PTEN) posted its quarterly earnings data on Wednesday, April, 25th. The oil and gas company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by $0.09. The oil and gas company had revenue of $809.16 million for the quarter, compared to analysts' expectations of $793.39 million. Patterson-UTI had a net margin of 0.25% and a negative return on equity of 4.82%. The firm's quarterly revenue was up 165.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.40) EPS. View Patterson-UTI's Earnings History.
When is Patterson-UTI's next earnings date?
What price target have analysts set for PTEN?
22 brokerages have issued 1-year price objectives for Patterson-UTI's shares. Their predictions range from $21.00 to $35.00. On average, they expect Patterson-UTI's stock price to reach $26.1250 in the next twelve months. View Analyst Ratings for Patterson-UTI.
Who are some of Patterson-UTI's key competitors?
Some companies that are related to Patterson-UTI include Helmerich & Payne (HP), Transocean (RIG), Ensco (ESV), Diamond Offshore Drilling (DO), Nabors Industries (NBR), Ocean Rig (ORIG), Rowan Companies (RDC), Noble (NE), Baytex Energy (BTE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Pioneer Energy Services (PES), Seadrill Partners (SDLP) and Independence Contract (ICD).
Who are Patterson-UTI's key executives?
Patterson-UTI's management team includes the folowing people:
- Mr. Mark Steven Siegel, Exec. Chairman (Age 67)
- Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 53)
- Mr. Kenneth N. Berns CPA, Exec. VP & Chief Commercial Officer (Age 58)
- Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 55)
- Mr. C. Andrew Smith, Exec. VP. CFO & Principal Accounting Officer (Age 47)
Has Patterson-UTI been receiving favorable news coverage?
News coverage about PTEN stock has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Patterson-UTI earned a daily sentiment score of 0.04 on Accern's scale. They also gave media stories about the oil and gas company an impact score of 45.34 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
How do I buy shares of Patterson-UTI?
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, Scottrade, Fidelity and Charles Schwab.
What is Patterson-UTI's stock price today?
One share of PTEN stock can currently be purchased for approximately $21.11.
How big of a company is Patterson-UTI?
Patterson-UTI has a market capitalization of $4.36 billion and generates $2.36 billion in revenue each year. The oil and gas company earns $5.91 million in net income (profit) each year or ($0.80) on an earnings per share basis. Patterson-UTI employs 8,000 workers across the globe.
How can I contact Patterson-UTI?
Patterson-UTI'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 (PTEN)
MarketBeat's community ratings are surveys of what our community members think about Patterson-UTI 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.
Patterson-UTI (NASDAQ:PTEN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
22 Wall Street analysts have issued ratings and price targets for Patterson-UTI in the last 12 months. Their average twelve-month price target is $26.1250, suggesting that the stock has a possible upside of 23.76%. The high price target for PTEN is $35.00 and the low price target for PTEN is $21.00. There are currently 4 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
Consensus Rating: | Buy | Buy | Buy | Buy |
Consensus Rating Score: | 2.82 | 2.80 | 2.76 | 2.61 |
Ratings Breakdown: | 0 Sell Rating(s) 4 Hold Rating(s) 18 Buy Rating(s) 0 Strong Buy Rating(s) | 0 Sell Rating(s) 5 Hold Rating(s) 20 Buy Rating(s) 0 Strong Buy Rating(s) | 0 Sell Rating(s) 6 Hold Rating(s) 19 Buy Rating(s) 0 Strong Buy Rating(s) | 0 Sell Rating(s) 11 Hold Rating(s) 17 Buy Rating(s) 0 Strong Buy Rating(s) |
Consensus Price Target: | $26.1250 | $26.2353 | $27.4444 | $26.8571 |
Price Target Upside: | 23.76% upside | 42.51% upside | 11.11% upside | 40.69% upside |
Patterson-UTI (NASDAQ:PTEN) Consensus Price Target History

Patterson-UTI (NASDAQ:PTEN) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Patterson-UTI (NASDAQ:PTEN) Dividend Information
Patterson-UTI pays an annual dividend of $0.08 per share, with a dividend yield of 0.38%. PTEN's next quarterly dividend payment will be made on Thursday, June 21. Patterson-UTI pays out -10.00% of its earnings out as a dividend.
Next Dividend: | 6/21/2018 |
Annual Dividend: | $0.08 |
Dividend Yield: | 0.38% |
Payout Ratio: | -10.00% (Trailing 12 Months of Earnings) 800.00% (Based on This Year's Estimates) 15.38% (Based on Next Year's Estimates)
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Patterson-UTI (NASDAQ:PTEN) Dividend History by Quarter
Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
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4/26/2018 | quarterly | $0.04 | 0.76% | | 6/7/2018 | 6/21/2018 |
2/8/2018 | quarterly | $0.02 | 0.46% | 3/7/2018 | 3/8/2018 | 3/22/2018 |
10/25/2017 | Quarterly | $0.02 | 0.4% | 12/6/2017 | 12/7/2017 | 12/21/2017 |
7/27/2017 | quarterly | $0.02 | 0.41% | 9/6/2017 | 9/7/2017 | 9/21/2017 |
4/27/2017 | quarterly | $0.02 | 0.36% | 6/6/2017 | 6/8/2017 | 6/22/2017 |
2/9/2017 | quarterly | $0.02 | 0.29% | 3/6/2017 | 3/8/2017 | 3/22/2017 |
10/27/2016 | quarterly | $0.02 | 0.34% | 12/6/2016 | 12/8/2016 | 12/22/2016 |
7/28/2016 | quarterly | $0.02 | 0.41% | 9/6/2016 | 9/8/2016 | 9/22/2016 |
4/29/2016 | quarterly | $0.02 | 0.41% | 6/7/2016 | 6/9/2016 | 6/23/2016 |
2/4/2016 | quarterly | $0.10 | 3.01% | 3/8/2016 | 3/10/2016 | 3/24/2016 |
10/22/2015 | quarterly | $0.10 | 2.7% | 12/8/2015 | 12/10/2015 | 12/24/2015 |
7/23/2015 | quarterly | $0.10 | 2.48% | 9/8/2015 | 9/10/2015 | 9/24/2015 |
4/23/2015 | quarterly | $0.10 | 1.89% | 6/8/2015 | 6/10/2015 | 6/24/2015 |
2/10/2015 | quarterly | $0.10 | 2.38% | 3/9/2015 | 3/11/2015 | 3/25/2015 |
10/24/2014 | quarterly | $0.10 | 1.64% | 12/8/2014 | 12/10/2014 | 12/24/2014 |
7/24/2014 | quarterly | $0.10 | 1.07% | 9/8/2014 | 9/10/2014 | 9/24/2014 |
4/24/2014 | quarterly | $0.10 | 1.24% | 6/10/2014 | 6/12/2014 | 6/26/2014 |
2/7/2014 | quarterly | $0.10 | 1.42% | 3/10/2014 | 3/12/2014 | 3/27/2014 |
10/24/2013 | quarterly | $0.05 | 0.9% | 12/13/2013 | 12/17/2013 | 12/31/2013 |
7/25/2013 | quarterly | $0.05 | 1% | 9/12/2013 | 9/16/2013 | 9/30/2013 |
4/25/2013 | quarterly | $0.05 | 0.94% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
2/8/2013 | quarterly | $0.05 | 0.85% | 3/13/2013 | 3/15/2013 | 3/29/2013 |
(Data available from 1/1/2013 forward)
Patterson-UTI (NASDAQ PTEN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.60%
Institutional Ownership Percentage: 99.90%
Patterson-UTI (NASDAQ PTEN) Insider Trading History
Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
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3/13/2018 | Terry H Hunt | Director | Sell | 10,000 | $19.46 | $194,600.00 | | |
1/2/2018 | Tiffany J Thom | Director | Sell | 2,574 | $23.08 | $59,407.92 | | |
10/29/2014 | Michael W Conlon | Director | Buy | 3,000 | $23.33 | $69,990.00 | | |
6/27/2014 | Cloyce A Talbott | Director | Sell | 400,000 | $34.49 | $13,796,000.00 | | |
6/12/2014 | Kenneth N Berns | SVP | Sell | 85,000 | $33.62 | $2,857,700.00 | | |
6/12/2014 | Mark S Siegel | Chairman | Sell | 340,000 | $33.62 | $11,430,800.00 | | |
6/9/2014 | James Michael Holcomb | Insider | Sell | 44,445 | $33.63 | $1,494,685.35 | | |
4/29/2014 | Mark Siegel | Chairman | Sell | 225,000 | $32.54 | $7,321,500.00 | 943,883 | |
3/7/2014 | Cloyce Talbott | Director | Sell | 120,000 | $29.22 | $3,506,400.00 | 290,476 | |
12/20/2013 | Charles Oliver Buckner | Director | Sell | 10,000 | $25.14 | $251,400.00 | 11,000 | |
(Data available from 1/1/2013 forward)
Patterson-UTI (NASDAQ PTEN) News Headlines
Source: |
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Date | Headline |
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 | Patterson-UTI (PTEN) Declares Quarterly Dividend of $0.04 www.americanbankingnews.com - April 26 at 12:22 PM |
 | Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2018 www.prnewswire.com - April 26 at 8:25 AM |
 | BRIEF-Patterson-UTI Energy Reports Q1 Loss Per Share $0.16 www.reuters.com - April 26 at 8:25 AM |
 | Patterson-UTI: 1Q Earnings Snapshot finance.yahoo.com - April 26 at 8:25 AM |
 | Three more Houston energy companies report CEO, median employee pay finance.yahoo.com - April 25 at 5:22 PM |
 | Patterson-UTI (PTEN) Given Average Rating of "Buy" by Brokerages www.americanbankingnews.com - April 25 at 1:38 PM |
 | Form DEF 14A PATTERSON UTI ENERGY For: Jun 14 www.streetinsider.com - April 25 at 8:29 AM |
 | Patterson-UTI Energy (PTEN) Given "Hold" Rating at Cowen www.americanbankingnews.com - April 19 at 5:18 PM |
 | Patterson-UTI Energy (PTEN) Stock Rating Lowered by Societe Generale www.americanbankingnews.com - April 19 at 10:01 AM |
 | $791.98 Million in Sales Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter www.americanbankingnews.com - April 19 at 1:52 AM |
 | What Analysts Expect from Halliburton’s 1Q18 Earnings finance.yahoo.com - April 18 at 5:36 PM |
 | Patterson-UTI Energy (PTEN) Scheduled to Post Earnings on Wednesday www.americanbankingnews.com - April 18 at 3:29 AM |
 | -$0.09 EPS Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter www.americanbankingnews.com - April 17 at 11:08 PM |
 | Patterson-UTI Energy (PTEN) Downgraded by BidaskClub to Sell www.americanbankingnews.com - April 15 at 12:34 PM |
 | Patterson-UTI Energy's (PTEN) Buy Rating Reiterated at UBS www.americanbankingnews.com - April 15 at 9:43 AM |
 | BRIEF-Patterson-UTI Energy Says CEO William Hendricks' FY'17 Compensation Was $14.3 Mln www.reuters.com - April 14 at 5:03 PM |
 | Patterson-UTI Energy (PTEN) Lifted to "Sell" at ValuEngine www.americanbankingnews.com - April 13 at 11:10 PM |
 | Patterson-UTI Energy (PTEN) Shares Cross Above 200 DMA www.nasdaq.com - April 13 at 5:23 PM |
 | Patterson-UTI upgraded at Cowen on land drilling fundamentals, valuation seekingalpha.com - April 13 at 5:23 PM |
 | Patterson-UTI Energy (PTEN) Upgraded at Cowen www.americanbankingnews.com - April 13 at 11:03 AM |
 | Patterson-UTI Energy CEO's 2017 total compensation more than doubles finance.yahoo.com - April 13 at 8:35 AM |
 | Patterson-UTI Energy (PTEN) Downgraded by BidaskClub www.americanbankingnews.com - April 12 at 6:14 PM |
 | Patterson-UTI Energy (PTEN) Upgraded at Wolfe Research www.americanbankingnews.com - April 12 at 11:59 AM |
 | Patterson-UTI Energy (PTEN) Upgraded by BidaskClub to "Hold" www.americanbankingnews.com - April 12 at 10:45 AM |
 | Edited Transcript of PTEN presentation 7-Mar-17 1:40pm GMT finance.yahoo.com - April 12 at 8:55 AM |
 | JPMorgan Chase Upgrades Patterson-UTI Energy (PTEN) to Overweight www.americanbankingnews.com - April 9 at 1:19 PM |
 | Patterson-UTI Energy (PTEN) Now Covered by Analysts at Deutsche Bank www.americanbankingnews.com - April 7 at 6:36 PM |
 | Patterson-UTI Reports Drilling Activity for March 2018 finance.yahoo.com - April 4 at 8:32 AM |
 | Patterson-UTI Energy Announces Appointment of Janeen S. Judah to Board of Directors finance.yahoo.com - April 3 at 5:25 PM |
 | Patterson-UTI Energy (PTEN) Downgraded to Strong Sell at ValuEngine www.americanbankingnews.com - April 3 at 10:41 AM |
 | $794.15 Million in Sales Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter www.americanbankingnews.com - April 3 at 4:51 AM |
 | Patterson-UTI Energy Announces $600 Million Credit Agreement www.prnewswire.com - April 2 at 9:53 PM |
 | Patterson-UTI Energy (PTEN) Given a $24.00 Price Target by Piper Jaffray Analysts www.americanbankingnews.com - April 2 at 3:42 PM |
 | Zacks: Brokerages Anticipate Patterson-UTI Energy, Inc. (PTEN) Will Announce Earnings of -$0.08 Per Share www.americanbankingnews.com - April 1 at 1:24 AM |
 | Patterson-UTI Energy, Inc. (PTEN) Given Consensus Recommendation of "Buy" by Brokerages www.americanbankingnews.com - March 31 at 1:36 PM |
 | Why Patterson-UTI Energy’s Free Cash Flow Fell in 2017 finance.yahoo.com - March 29 at 5:20 PM |
 | BidaskClub Downgrades Patterson-UTI Energy (PTEN) to Sell www.americanbankingnews.com - March 29 at 11:29 AM |
 | 3rd lawsuit filed over fatal Oklahoma gas rig explosion finance.yahoo.com - March 23 at 8:31 AM |
 | Comparing Deep Down (DPDW) and Patterson-UTI Energy (PTEN) www.americanbankingnews.com - March 19 at 5:18 PM |
 | Q4 2018 EPS Estimates for Patterson-UTI Energy, Inc. Raised by Analyst (PTEN) www.americanbankingnews.com - March 16 at 12:36 PM |
 | Patterson-UTI Energy, Inc. (PTEN) Expected to Announce Quarterly Sales of $794.15 Million www.americanbankingnews.com - March 16 at 1:04 AM |
 | Why Patterson-UTI Energy Inc (NASDAQ:PTEN) May Not Be As Efficient As Its Industry finance.yahoo.com - March 15 at 8:29 AM |
 | Zacks: Brokerages Anticipate Patterson-UTI Energy, Inc. (PTEN) to Announce -$0.08 EPS www.americanbankingnews.com - March 14 at 9:16 PM |
 | Terry H. Hunt Sells 10,000 Shares of Patterson-UTI Energy, Inc. (PTEN) Stock www.americanbankingnews.com - March 14 at 7:49 PM |
 | Patterson-UTI Energy (PTEN) Down 12.9% Since Earnings Report: Can It Rebound? finance.yahoo.com - March 12 at 6:27 PM |
 | Patterson-UTI Energy (PTEN) Down 12.9% Since Earnings Report: Can It Rebound? - Nasdaq www.nasdaq.com - March 12 at 10:28 AM |
 | Short Interest in Patterson-UTI Energy, Inc. (PTEN) Rises By 11.8% www.americanbankingnews.com - March 11 at 1:58 AM |
 | Patterson-UTI Energy (PTEN) Shares Cross Above 200 DMA - Nasdaq www.nasdaq.com - March 10 at 8:33 AM |
 | Morning Technical Insight on These Oil & Gas Stocks -- Jagged Peak Energy, Patterson-UTI Energy, Petroleo Brasileiro, and Ring Energy www.prnewswire.com - March 9 at 6:18 AM |
 | Ex-Div Reminder for Patterson-UTI Energy (PTEN) - Nasdaq www.nasdaq.com - March 7 at 8:30 AM |
Patterson-UTI (NASDAQ:PTEN) SEC Filings
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Patterson-UTI (NASDAQ:PTEN) Income Statement, Balance Sheet and Cash Flow Statement
Patterson-UTI (NASDAQ PTEN) Stock Chart for Thursday, April, 26, 2018
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