NASDAQ:PTEN - Patterson-UTI Energy Stock Price, News, & Analysis

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$12.15 -0.71 (-5.52 %)
(As of 01/23/2019 07:31 AM ET)
Previous Close$12.86
Today's Range$11.90 - $12.70
52-Week Range$9.49 - $24.74
Volume3.43 million shs
Average Volume3.79 million shs
Market Capitalization$2.64 billion
P/E Ratio-15.19
Dividend Yield1.24%
Beta1.2
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.

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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$2.36 billion
Cash Flow$2.6471 per share
Book Value$17.90 per share

Profitability

Net Income$5.91 million

Miscellaneous

Employees8,000
Market Cap$2.64 billion
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 declared a quarterly dividend on Friday, October 26th. Shareholders of record on Thursday, December 6th will be paid a dividend of $0.04 per share on Thursday, December 20th. This represents a $0.16 annualized dividend and a yield of 1.32%. The ex-dividend date is Wednesday, December 5th. View Patterson-UTI Energy's Dividend History.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its earnings results on Thursday, October, 25th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The oil and gas company earned $867.48 million during the quarter, compared to analysts' expectations of $839.65 million. Patterson-UTI Energy had a net margin of 2.27% and a negative return on equity of 2.29%. 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 7th 2019. View Earnings Estimates for Patterson-UTI Energy.

How can I listen to Patterson-UTI Energy's earnings call?

Patterson-UTI Energy will be holding an earnings conference call on Thursday, February 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8447042496.

What price target have analysts set for PTEN?

19 equities research analysts have issued 12 month price objectives for Patterson-UTI Energy's stock. Their forecasts range from $12.00 to $28.00. On average, they expect Patterson-UTI Energy's stock price to reach $21.6250 in the next twelve months. This suggests a possible upside of 78.0% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.

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

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 4 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Patterson-UTI Energy.

Has Patterson-UTI Energy been receiving favorable news coverage?

Media coverage about PTEN stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing 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 nearest to five being the most favorable. Patterson-UTI Energy earned a news sentiment score of 1.4 on InfoTrie's scale. They also assigned media headlines about the oil and gas company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the immediate future.

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

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 variety of of institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.41%), Retirement Systems of Alabama (0.37%), Sicart Associates LLC (0.31%), Nisa Investment Advisors LLC (0.08%), Bank of Montreal Can (0.07%) and Dalton Greiner Hartman Maher & Co. (0.04%). Company insiders that own Patterson-UTI Energy stock include Curtis W Huff, 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 Gateway Investment Advisers LLC, Oakbrook Investments LLC, First Hawaiian Bank, Louisiana State Employees Retirement System, Retirement Systems of Alabama and Bank of Montreal Can. 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 Scout Investments Inc., Nisa Investment Advisors LLC, Dalton Greiner Hartman Maher & Co., Virtu Financial LLC, Sicart Associates LLC, Cerebellum GP LLC, Steward Partners Investment Advisory LLC and Meeder Asset Management 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, Scottrade, Fidelity and Charles Schwab.

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

One share of PTEN stock can currently be purchased for approximately $12.15.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $2.64 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 Energy employs 8,000 workers across the globe.

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:  616 (Vote Outperform)
Underperform Votes:  690 (Vote Underperform)
Total Votes:  1,306
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 1/23/2019 by MarketBeat.com Staff

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