S&P 500   3,943.16 (-0.37%)
DOW   33,620.29 (-0.69%)
QQQ   280.41 (-0.06%)
AAPL   140.87 (-0.21%)
MSFT   241.90 (+0.65%)
META   111.11 (+1.51%)
GOOGL   96.22 (+1.08%)
AMZN   91.67 (-0.81%)
TSLA   181.29 (+0.25%)
NVDA   156.93 (+0.35%)
NIO   12.36 (+17.71%)
BABA   86.79 (+8.68%)
AMD   72.98 (-0.56%)
T   18.91 (-0.53%)
MU   54.20 (-1.67%)
CGC   3.40 (-0.58%)
F   13.49 (-1.89%)
GE   83.46 (-2.57%)
DIS   94.16 (-0.56%)
AMC   7.05 (-5.11%)
PYPL   75.48 (-2.78%)
PFE   49.17 (-0.65%)
NFLX   289.53 (+3.05%)
S&P 500   3,943.16 (-0.37%)
DOW   33,620.29 (-0.69%)
QQQ   280.41 (-0.06%)
AAPL   140.87 (-0.21%)
MSFT   241.90 (+0.65%)
META   111.11 (+1.51%)
GOOGL   96.22 (+1.08%)
AMZN   91.67 (-0.81%)
TSLA   181.29 (+0.25%)
NVDA   156.93 (+0.35%)
NIO   12.36 (+17.71%)
BABA   86.79 (+8.68%)
AMD   72.98 (-0.56%)
T   18.91 (-0.53%)
MU   54.20 (-1.67%)
CGC   3.40 (-0.58%)
F   13.49 (-1.89%)
GE   83.46 (-2.57%)
DIS   94.16 (-0.56%)
AMC   7.05 (-5.11%)
PYPL   75.48 (-2.78%)
PFE   49.17 (-0.65%)
NFLX   289.53 (+3.05%)
S&P 500   3,943.16 (-0.37%)
DOW   33,620.29 (-0.69%)
QQQ   280.41 (-0.06%)
AAPL   140.87 (-0.21%)
MSFT   241.90 (+0.65%)
META   111.11 (+1.51%)
GOOGL   96.22 (+1.08%)
AMZN   91.67 (-0.81%)
TSLA   181.29 (+0.25%)
NVDA   156.93 (+0.35%)
NIO   12.36 (+17.71%)
BABA   86.79 (+8.68%)
AMD   72.98 (-0.56%)
T   18.91 (-0.53%)
MU   54.20 (-1.67%)
CGC   3.40 (-0.58%)
F   13.49 (-1.89%)
GE   83.46 (-2.57%)
DIS   94.16 (-0.56%)
AMC   7.05 (-5.11%)
PYPL   75.48 (-2.78%)
PFE   49.17 (-0.65%)
NFLX   289.53 (+3.05%)
S&P 500   3,943.16 (-0.37%)
DOW   33,620.29 (-0.69%)
QQQ   280.41 (-0.06%)
AAPL   140.87 (-0.21%)
MSFT   241.90 (+0.65%)
META   111.11 (+1.51%)
GOOGL   96.22 (+1.08%)
AMZN   91.67 (-0.81%)
TSLA   181.29 (+0.25%)
NVDA   156.93 (+0.35%)
NIO   12.36 (+17.71%)
BABA   86.79 (+8.68%)
AMD   72.98 (-0.56%)
T   18.91 (-0.53%)
MU   54.20 (-1.67%)
CGC   3.40 (-0.58%)
F   13.49 (-1.89%)
GE   83.46 (-2.57%)
DIS   94.16 (-0.56%)
AMC   7.05 (-5.11%)
PYPL   75.48 (-2.78%)
PFE   49.17 (-0.65%)
NFLX   289.53 (+3.05%)
NASDAQ:PTEN

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

$17.48
+0.01 (+0.06%)
(As of 11/30/2022 12:35 PM ET)
Add
Compare
Today's Range
$17.41
$17.88
50-Day Range
$10.86
$19.30
52-Week Range
$6.70
$20.53
Volume
22,854 shs
Average Volume
2.21 million shs
Market Capitalization
$3.79 billion
P/E Ratio
N/A
Dividend Yield
0.94%
Price Target
$21.50

Patterson-UTI Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
22.4% Upside
$21.50 Price Target
Short Interest
Healthy
3.87% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.95
Upright™ Environmental Score
News Sentiment
1.04mentions of Patterson-UTI Energy in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.35 M Sold Last Quarter
Proj. Earnings Growth
312.96%
From $0.54 to $2.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Oils/Energy Sector

127th out of 245 stocks

Drilling Oil & Gas Wells Industry

5th out of 8 stocks

PTEN stock logo

About Patterson-UTI Energy (NASDAQ:PTEN) Stock

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries 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.

Receive PTEN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Patterson-UTI Energy and its competitors with MarketBeat's FREE daily newsletter.

PTEN Stock News Headlines

Patterson-UTI Energy (NASDAQ:PTEN) Shares Gap Down to $17.58
Patterson-UTI Energy (NASDAQ:PTEN) Shares Gap Down to $18.58
Patterson-UTI Reports Drilling Activity for October 2022
See More Headlines
Receive PTEN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Patterson-UTI Energy and its competitors with MarketBeat's FREE daily newsletter.

PTEN Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Today
11/30/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/09/2023

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
Current Symbol
NASDAQ:PTEN
CUSIP
70348110
Employees
5,000
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$21.50
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$13.50
Forecasted Upside/Downside
+23.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$-654,540,000.00
Pretax Margin
-13.46%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$2.26 per share
Book Value
$7.54 per share

Miscellaneous

Free Float
210,968,000
Market Cap
$3.79 billion
Optionable
Optionable
Beta
2.39

Social Links


Key Executives

  • Mr. William Andrew Hendricks Jr.Mr. William Andrew Hendricks Jr. (Age 57)
    Pres, CEO & Director
    Comp: $2.57M
  • Mr. C. Andrew Smith (Age 51)
    Exec. VP & CFO
    Comp: $1.16M
  • Mr. Seth D. Wexler (Age 50)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $961.6k
  • Mr. Kenneth N. Berns CPAMr. Kenneth N. Berns CPA (Age 62)
    Exec. VP & Chief Commercial Officer
    Comp: $1.15M
  • Mr. James Michael Holcomb (Age 59)
    Pres of UTI Drilling Company LLC
    Comp: $941.6k
  • Mr. James Michael Drickamer
    VP of Investor Relations













PTEN Stock - Frequently Asked Questions

Should I buy or sell Patterson-UTI Energy stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PTEN shares.
View PTEN analyst ratings
or view top-rated stocks.

What is Patterson-UTI Energy's stock price forecast for 2023?

9 analysts have issued twelve-month price targets 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 $21.50 in the next year. This suggests a possible upside of 23.1% from the stock's current price.
View analysts price targets for PTEN
or view top-rated stocks among Wall Street analysts.

How have PTEN shares performed in 2022?

Patterson-UTI Energy's stock was trading at $8.45 at the beginning of the year. Since then, PTEN stock has increased by 106.7% and is now trading at $17.47.
View the best growth stocks for 2022 here
.

When is Patterson-UTI Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our PTEN earnings forecast
.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its earnings results on Thursday, October, 28th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.44). The oil and gas company earned $357.89 million during the quarter, compared to the consensus estimate 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%. Patterson-UTI Energy's quarterly revenue was up 72.8% compared to the same quarter last year. During the same period last year, the business earned ($0.60) earnings per share.

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 Wednesday, October 26th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.08 per share on Thursday, December 15th. This represents a $0.32 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, November 30th. This is an increase from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for PTEN
.

Is Patterson-UTI Energy a good dividend stock?

Patterson-UTI Energy (NASDAQ:PTEN) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.94%.
Read our dividend analysis for PTEN.

What is Andy Hendricks' approval rating as Patterson-UTI Energy's CEO?

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.

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 (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).

What is Patterson-UTI Energy's stock symbol?

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

Who are Patterson-UTI Energy's major shareholders?

Patterson-UTI Energy's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (18.61%), Vanguard Group Inc. (11.83%), Macquarie Group Ltd. (6.41%), Dimensional Fund Advisors LP (4.42%), State Street Corp (3.86%) and Anomaly Capital Management LP (3.49%). Insiders that own company stock include Charles Andrew Smith, James Michael Holcomb, Janeen S Judah, Kenneth N Berns, Seth David Wexler, Terry H Hunt and William Andrew Hendricks Jr.
View institutional ownership trends
.

How do I buy shares of Patterson-UTI Energy?

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.

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

One share of PTEN stock can currently be purchased for approximately $17.47.

How much money does Patterson-UTI Energy make?

Patterson-UTI Energy (NASDAQ:PTEN) has a market capitalization of $3.79 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.

How many employees does Patterson-UTI Energy have?

The company employs 5,000 workers across the globe.

Does Patterson-UTI Energy have any subsidiaries?
The following companies are subsidiares of Patterson-UTI Energy: Ambar Inc, Ambar Lone Star Fluid Services LLC, Current Power Solutions Inc., Drilling Technologies 1 LLC, Drilling Technologies 2 LLC, Great Plains Oilfield Rental L.L.C., High Valley Drilling, Jones Drilling, Keystone Rock & Excavation L.L.C., MS Directional LLC, Norton Drilling Services, PTL Prop Solutions L.L.C., Patterson Petroleum LLC, Patterson UTI International Saudi Arabia Limited, Patterson-UTI Drilling Canada Limited, Patterson-UTI Drilling Company LLC, Patterson-UTI Drilling International Inc., Patterson-UTI Holding Company LLC, Patterson-UTI International (Argentina) S.R.L., Patterson-UTI International (India) B.V., Patterson-UTI International (Kuwait) Limited, Patterson-UTI International (Netherlands) B.V., Patterson-UTI International Holdings (BVI) Limited, Patterson-UTI International Holdings (Netherlands) One B.V., Patterson-UTI International Holdings (Netherlands) Two B.V., Patterson-UTI International Holdings Inc., Patterson-UTI Management Services LLC, Seventy Seven Energy Inc., Seventy Seven Energy LLC, Seventy Seven Land Company LLC, Seventy Seven Operating LLC, Superior QC, Superior QC LLC, TMBR/ Sharp Drilling, Tejas Drilling Fluids, Universal Pressure Pumping Inc., Universal Wireline LLC, Warrior Rig Technologies, Warrior Rig Technologies Limited, Warrior Rig Technologies US LLC, Wek Drilling, and Western Wisconsin Sand Company LLC.
Read More
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 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.

This page (NASDAQ:PTEN) was last updated on 11/30/2022 by MarketBeat.com Staff