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

$7.49
+0.02 (+0.27 %)
(As of 02/16/2020 04:00 PM ET)
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Today's Range
$7.36
Now: $7.49
$7.60
50-Day Range
$7.05
MA: $9.15
$10.94
52-Week Range
$6.87
Now: $7.49
$16.27
Volume3.89 million shs
Average VolumeN/A
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield2.14%
BetaN/A
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 N/A
Sub-IndustryOil & Gas Drilling
SectorN/A
Current SymbolNASDAQ:PTEN
CUSIP70348110
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees8,000
Next Earnings Date4/23/2020 (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 announced a quarterly dividend on Thursday, February 6th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.04 per share on Thursday, March 19th. This represents a $0.16 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, March 4th. View Patterson-UTI Energy's Dividend History.

How will Patterson-UTI Energy's stock buyback program work?

Patterson-UTI Energy announced that its board has approved a stock buyback program on Thursday, February 7th 2019, which authorizes the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its quarterly earnings data on Thursday, February, 6th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.41) by $0.03. The oil and gas company had revenue of $492 million for the quarter, compared to analysts' expectations of $486.49 million. Patterson-UTI Energy's quarterly revenue was down 38.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. 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, April 23rd 2020. View Earnings Estimates for Patterson-UTI Energy.

What price target have analysts set for PTEN?

22 analysts have issued 1 year price objectives for Patterson-UTI Energy's stock. Their forecasts range from $6.00 to $17.00. On average, they anticipate Patterson-UTI Energy's share price to reach $10.48 in the next year. This suggests a possible upside of 39.9% 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?

Headlines about PTEN stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by monitoring 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 news sentiment score of 2.0 on InfoTrie's scale. They also assigned headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect 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?

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), Halliburton (HAL), Oasis Petroleum (OAS), AT&T (T), Seventy Seven Energy (SSEIQ), Micron Technology (MU), Starbucks (SBUX) and Enterprise Products Partners (EPD).

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 institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (5.89%), Massachusetts Financial Services Co. MA (5.42%), Thrivent Financial for Lutherans (3.08%), State Street Corp (2.83%), Bank of New York Mellon Corp (2.53%) and AQR Capital Management LLC (2.50%). 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 major 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 Charles Schwab Investment Management Inc.. 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 major 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, Massachusetts Financial Services Co. MA, Thrivent Financial for Lutherans, Goldman Sachs Group Inc. and Duality Advisers LP. 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 $7.49.


MarketBeat Community Rating for Patterson-UTI Energy (NASDAQ PTEN)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  720 (Vote Outperform)
Underperform Votes:  807 (Vote Underperform)
Total Votes:  1,527
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 2/16/2020 by MarketBeat.com Staff

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