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.
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Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
Phone281-765-7100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.47 billion
Profitability
Miscellaneous
Employees5,800
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable
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, February 6th. Investors of record on Thursday, March 5th will be given a dividend of $0.04 per share on Thursday, March 19th. This represents a $0.16 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, March 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 share buyback program on Thursday, February 7th 2019, which allows the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.
How were Patterson-UTI Energy's earnings last quarter?
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its earnings results on Thursday, February, 6th. The oil and gas company reported ($0.44) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.41) by $0.03. The oil and gas company earned $492 million during the quarter, compared to analysts' expectations of $486.49 million. Patterson-UTI Energy had a negative return on equity of 6.53% and a negative net margin of 17.23%. Patterson-UTI Energy's revenue for the quarter was down 38.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. View Patterson-UTI Energy's Earnings History.
When is Patterson-UTI Energy's next earnings date?
What price target have analysts set for PTEN?
22 brokers have issued 12-month target prices for Patterson-UTI Energy's shares. Their forecasts range from $6.00 to $17.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $10.48 in the next year. This suggests a possible upside of 73.7% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.
What is the consensus analysts' recommendation for Patterson-UTI Energy?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 8 sell ratings, 6 hold ratings and 8 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 headlines about PTEN stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Patterson-UTI Energy earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news coverage about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Patterson-UTI Energy.
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 a number of of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (5.89%), Massachusetts Financial Services Co. MA (5.42%), Alliancebernstein L.P. (3.24%), Thrivent Financial for Lutherans (3.08%), State Street Corp (2.83%) and Bank of New York Mellon Corp (2.53%). Company insiders that own Patterson-UTI Energy stock include Curtis W Huff, Janeen S Judah and Terry H Hunt. 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 Scout Investments Inc., Principal Financial Group Inc., Connor Clark & Lunn Investment Management Ltd., Sicart Associates LLC, State Street Corp, Royce & Associates LP, Credit Suisse AG and Alliancebernstein L.P.. Company insiders that have sold Patterson-UTI Energy company stock in the last year include Janeen S Judah and Terry H Hunt. 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 Renaissance Technologies LLC, Point72 Asset Management L.P., Robeco Institutional Asset Management B.V., SG Americas Securities LLC, AXA, Massachusetts Financial Services Co. MA, Thrivent Financial for Lutherans and Goldman Sachs Group Inc.. 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 $6.03.
How big of a company is Patterson-UTI Energy?
Patterson-UTI Energy has a market capitalization of $1.16 billion and generates $2.47 billion in revenue each year. The oil and gas company earns $-425,700,000.00 in net income (profit) each year or ($0.99) on an earnings per share basis. Patterson-UTI Energy employs 5,800 workers across the globe.View Additional Information About Patterson-UTI Energy.
What is Patterson-UTI Energy's official website?
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)
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.
