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

Patterson-UTI Energy trades on the NASDAQ under the ticker symbol "PTEN."

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 1.73%. The ex-dividend date of this dividend is Wednesday, December 4th. View Patterson-UTI Energy's Dividend History.

Patterson-UTI Energy announced that its board has authorized a stock repurchase 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 typically an indication that the company's management believes its stock is undervalued.

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

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

Patterson-UTI Energy will be holding an earnings conference call on Thursday, February 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

20 equities research analysts have issued 12-month price targets for Patterson-UTI Energy's stock. Their forecasts range from $6.00 to $17.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $10.87 in the next year. This suggests a possible upside of 17.4% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 7 sell ratings, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Patterson-UTI Energy.

Headlines about PTEN stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Patterson-UTI Energy earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave news stories 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 effect on the company's share price in the next several days. View News Stories for Patterson-UTI Energy.

Patterson-UTI Energy saw a drop in short interest in December. As of December 13th, there was short interest totalling 17,710,000 shares, a drop of 8.3% from the November 28th total of 19,320,000 shares. Based on an average trading volume of 4,020,000 shares, the short-interest ratio is presently 4.4 days. Currently, 9.3% of the shares of the company are short sold. View Patterson-UTI Energy's Current Options Chain.

Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Nabors Industries (NBR), Diamond Offshore Drilling (DO), PARKER DRILLING/SH PAR $ (PKD), Unit (UNT), Pioneer Energy Services (PES) and Vantage Drilling (VTGDF).

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

Patterson-UTI Energy's stock is owned by a number of of retail and institutional investors. Top institutional investors include Scout Investments Inc. (0.97%), Zeke Capital Advisors LLC (0.05%), Louisiana State Employees Retirement System (0.02%), Nisa Investment Advisors LLC (0.02%), State of Alaska Department of Revenue (0.02%) and Wedge Capital Management L L P NC (0.01%). 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.

PTEN stock was sold by a variety of institutional investors in the last quarter, including Scout Investments Inc., Zurcher Kantonalbank Zurich Cantonalbank , Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Nisa Investment Advisors LLC and Louisiana State Employees Retirement System. 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.

PTEN stock was bought by a variety of institutional investors in the last quarter, including Zeke Capital Advisors LLC and Steward Partners Investment Advisory LLC. View Insider Buying and Selling for 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.

One share of PTEN stock can currently be purchased for approximately $9.26.

Patterson-UTI Energy has a market capitalization of $1.80 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.

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

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]