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
Stock Exchange NASDAQ
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100
Debt
Debt-to-Equity Ratio0.28
Current Ratio1.73
Quick Ratio1.61
Price-To-Earnings
Trailing P/E Ratio-21.13
Forward P/E Ratio-120.71
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.36 billion
Price / Sales1.59
Cash Flow$2.7934 per share
Price / Cash6.05
Book Value$17.90 per share
Price / Book0.94
Profitability
EPS (Most Recent Fiscal Year)($0.80)
Net Income$5.91 million
Net Margins1.22%
Return on Equity-3.54%
Return on Assets-2.37%
Miscellaneous
Employees8,000
Outstanding Shares221,810,000
Market Cap$3,761.85
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 Thursday, April 26th. Shareholders of record on Thursday, June 7th will be paid a dividend of $0.04 per share on Thursday, June 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, June 6th. This is a positive change from Patterson-UTI Energy's previous quarterly dividend of $0.02. View Patterson-UTI Energy's Dividend History.
How were Patterson-UTI Energy's earnings last quarter?
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) issued its quarterly earnings results on Thursday, April, 26th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by $0.07. The oil and gas company earned $809.16 million during the quarter, compared to the consensus estimate of $793.39 million. Patterson-UTI Energy had a negative return on equity of 3.54% and a net margin of 1.22%. The firm's revenue was up 165.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.40) 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?
20 brokers have issued 12-month price objectives for Patterson-UTI Energy's stock. Their forecasts range from $21.00 to $34.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $25.5333 in the next twelve months. This suggests a possible upside of 51.1% from the stock's current price. View Analyst Ratings for Patterson-UTI Energy.
What is the consensus analysts' recommendation 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 5 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Patterson-UTI Energy's key competitors?
Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Ensco (ESV), Diamond Offshore Drilling (DO), Ocean Rig UDW (ORIG), Nabors Industries (NBR), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Pioneer Energy Services (PES), Key Energy Services (KEG), Seadrill Partners (SDLP) and Independence Contract Drilling (ICD).
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 67)
- Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 53)
- Mr. C. Andrew Smith, Exec. VP & CFO (Age 47)
- Mr. Kenneth N. Berns, Exec. VP & Chief Commercial Officer (Age 58)
- Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 55)
Has Patterson-UTI Energy been receiving favorable news coverage?
News stories about PTEN stock have been trending positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Patterson-UTI Energy earned a media sentiment score of 0.39 on Accern's scale. They also assigned media headlines about the oil and gas company an impact score of 49.35 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Patterson-UTI Energy's major shareholders?
Patterson-UTI Energy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.36%), Scout Investments Inc. (0.21%), Fisher Asset Management LLC (0.19%), Nikko Asset Management Americas Inc. (0.16%), Bank of Montreal Can (0.10%) and Assenagon Asset Management S.A. (0.07%). Company insiders that own Patterson-UTI Energy stock include 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 Scout Investments Inc., Creative Planning, Retirement Systems of Alabama, Bank of Montreal Can, Municipal Employees Retirement System of Michigan and NN Investment Partners Holdings N.V.. Company insiders that have sold Patterson-UTI Energy company stock in the last year include Terry H Hunt and Tiffany J Thom. View Insider Buying and Selling for Patterson-UTI Energy.
Which institutional investors are buying Patterson-UTI Energy stock?
PTEN stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Fisher Asset Management LLC, AMG National Trust Bank, Adams Asset Advisors LLC, Nikko Asset Management Americas Inc., Atria Investments LLC, Nisa Investment Advisors LLC and State of Alaska Department of Revenue. 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 $16.90.
How big of a company is Patterson-UTI Energy?
Patterson-UTI Energy has a market capitalization of $3.76 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.
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.
