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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NASDAQ:PTEN

Patterson-UTI Energy Stock Forecast, Price & News

$6.24
+0.28 (+4.70 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$5.66
Now: $6.24
$6.26
50-Day Range
$4.84
MA: $5.71
$6.87
52-Week Range
$1.61
Now: $6.24
$9.16
Volume2.84 million shs
Average Volume2.44 million shs
Market Capitalization$1.17 billion
P/E RatioN/A
Dividend Yield1.34%
Beta3.2
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. As of December 31, 2019, this segment had a drilling fleet of 216 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, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling, downhole performance motors, measurement-while-drilling, wireline steering tools, and services that enhance the accuracy of horizontal wellbore placement. It also service 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. The company was founded in 1978 and is headquartered in Houston, Texas.
Patterson-UTI Energy logo

MarketRank

Overall MarketRank

1.22 out of 5 stars

Oils/Energy Sector

200th out of 668 stocks

Drilling Oil & Gas Wells Industry

5th out of 36 stocks

Analyst Opinion: 0.9Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
Current SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100
Employees5,800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.47 billion
Cash Flow$4.16 per share
Book Value$14.57 per share

Profitability

Net Income$-425,700,000.00

Miscellaneous

Market Cap$1.17 billion
Next Earnings Date2/4/2021 (Confirmed)
OptionableOptionable
$6.24
+0.28 (+4.70 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Patterson-UTI Energy (NASDAQ:PTEN) Frequently Asked Questions

How has Patterson-UTI Energy's stock price been impacted by Coronavirus (COVID-19)?

Patterson-UTI Energy's stock was trading at $2.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PTEN stock has increased by 195.7% and is now trading at $6.24.
View which stocks have been most impacted by COVID-19
.

Is Patterson-UTI Energy a buy right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last twelve months. There are currently 5 sell ratings, 12 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Patterson-UTI Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PTEN, but not buy additional shares or sell existing shares.
View analyst ratings for Patterson-UTI Energy
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Patterson-UTI Energy?

Wall Street analysts have given Patterson-UTI Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Patterson-UTI Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

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

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

Patterson-UTI Energy is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Patterson-UTI Energy
.

How can I listen to Patterson-UTI Energy's earnings call?

Patterson-UTI Energy will be holding an earnings conference call on Thursday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) issued its quarterly earnings data on Thursday, October, 22nd. The oil and gas company reported ($0.60) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.62) by $0.02. The oil and gas company had revenue of $207.14 million for the quarter, compared to analysts' expectations of $198.78 million. Patterson-UTI Energy had a negative net margin of 56.10% and a negative trailing twelve-month return on equity of 16.24%. Patterson-UTI Energy's revenue for the quarter was down 65.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.27) earnings per share.
View Patterson-UTI Energy's earnings history
.

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, October 22nd. Shareholders of record on Thursday, December 3rd will be given a dividend of $0.02 per share on Thursday, December 17th. This represents a $0.08 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, December 2nd.
View Patterson-UTI Energy's dividend history
.

Is Patterson-UTI Energy a good dividend stock?

Patterson-UTI Energy pays an annual dividend of $0.08 per share and currently has a dividend yield of 1.34%.
View Patterson-UTI Energy's dividend history.

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

Patterson-UTI Energy declared that its board has authorized a share buyback plan on Thursday, February 7th 2019, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for PTEN?

18 equities research analysts have issued 12-month price objectives for Patterson-UTI Energy's shares. Their forecasts range from $2.00 to $9.00. On average, they expect Patterson-UTI Energy's stock price to reach $4.03 in the next twelve months. This suggests that the stock has a possible downside of 35.5%.
View analysts' price targets for Patterson-UTI Energy
or view Wall Street analyst' top-rated stocks.

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 (ET), (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).

Who are Patterson-UTI Energy's key executives?

Patterson-UTI Energy's management team includes the following people:
  • Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 56, Pay $2.26M)
  • Mr. C. Andrew Smith, Exec. VP & CFO (Age 50, Pay $1.22M)
  • Mr. Seth D. Wexler, Sr. VP, Gen. Counsel & Sec. (Age 49, Pay $866.6k)
  • Mr. Kenneth N. Berns, Exec. VP & Chief Commercial Officer (Age 61, Pay $1.01M)
  • Mr. James Michael Drickamer CFA, VP of Investor Relations
  • Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 58)

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 a variety of retail and institutional investors. Top institutional shareholders include Sicart Associates LLC (0.15%), State of Alaska Department of Revenue (0.08%), Global Retirement Partners LLC (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, Terry H Hunt and William Andrew Hendricks Jr.
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 Sicart Associates LLC, State of Alaska Department of Revenue, Wedge Capital Management L L P NC, and Global Retirement Partners LLC.
View insider buying and selling activity for Patterson-UTI Energy
or view top insider-selling stocks.

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 WeBull, 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 $6.24.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $1.17 billion and generates $2.47 billion in revenue each year. The oil and gas company earns $-425,700,000.00 in net income (profit) each year or ($0.99) on an earnings per share basis. Patterson-UTI Energy employs 5,800 workers across the globe.

What is Patterson-UTI Energy's official website?

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

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]

This page was last updated on 1/23/2021 by MarketBeat.com Staff

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