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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last twelve months. There are currently 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PTEN shares.
View PTEN analyst ratings or view top-rated stocks.

10 Wall Street analysts have issued 1-year price objectives for Patterson-UTI Energy's stock. Their PTEN share price forecasts range from $13.50 to $26.00. On average, they anticipate the company's share price to reach $21.17 in the next year. This suggests a possible upside of 32.3% from the stock's current price.
View analysts price targets for PTEN or view top-rated stocks among Wall Street analysts.

Patterson-UTI Energy's stock was trading at $16.84 at the beginning of 2023. Since then, PTEN stock has decreased by 5.0% and is now trading at $16.00.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PTEN earnings forecast.

Patterson-UTI Energy will be holding an earnings conference call on Thursday, February 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) posted its quarterly earnings data on Thursday, October, 28th. The oil and gas company reported ($0.44) EPS for the quarter, hitting the consensus estimate of ($0.44). The oil and gas company earned $357.89 million during the quarter, compared to analysts' expectations of $352.03 million. Patterson-UTI Energy had a negative trailing twelve-month return on equity of 2.60% and a negative net margin of 13.21%. The firm's quarterly revenue was up 72.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.60) earnings per share.

Patterson-UTI Energy announced a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, December 1st will be paid a dividend of $0.08 per share on Thursday, December 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for PTEN.

Patterson-UTI Energy (NASDAQ:PTEN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.02%.
Read our dividend analysis for PTEN.

73 employees have rated Patterson-UTI Energy Chief Executive Officer Andy Hendricks on Glassdoor.com. Andy Hendricks has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson-UTI Energy investors own include Energy Transfer (ET), Oasis Petroleum (OAS), Delta Air Lines (DAL), Nabors Industries (NBR), Halliburton (HAL), Ford Motor (F), Marathon Oil (MRO), Starbucks (SBUX), AT&T (T) and Callon Petroleum (CPE).

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

Patterson-UTI Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.98%), Vaughan Nelson Investment Management L.P. (0.61%), New York State Common Retirement Fund (0.41%), Fisher Asset Management LLC (0.34%), Lisanti Capital Growth LLC (0.20%) and Ziegler Capital Management LLC (0.16%). Insiders that own company stock include Charles Andrew Smith, James Michael Holcomb, Janeen S Judah, Kenneth N Berns, Seth David Wexler and William Andrew Hendricks Jr.
View institutional ownership trends.

Shares of PTEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PTEN stock can currently be purchased for approximately $16.00.

Patterson-UTI Energy (NASDAQ:PTEN) has a market capitalization of $3.47 billion and generates $1.36 billion in revenue each year. The oil and gas company earns $-654,540,000.00 in net income (profit) each year or ($1.43) on an earnings per share basis.

The company employs 5,000 workers across the globe.

Patterson-UTI Energy's mailing address is 10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800, HOUSTON TX, 77064. The official website for the company is www.patenergy.com. The oil and gas company can be reached via phone at (281) 765-7100, via email at investor.relations@patenergy.com, or via fax at 281-765-7175.