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

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

Patterson-UTI Energy declared a quarterly dividend on Thursday, July 25th. Stockholders of record on Thursday, September 5th will be paid a dividend of $0.04 per share on Thursday, September 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, September 4th. View Patterson-UTI Energy's Dividend History.

Patterson-UTI Energy declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 7th 2019, which permits the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its quarterly earnings results on Thursday, July, 25th. The oil and gas company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.04. The oil and gas company earned $675.77 million during the quarter, compared to analysts' expectations of $670.28 million. Patterson-UTI Energy had a negative net margin of 11.64% and a negative return on equity of 2.71%. Patterson-UTI Energy's quarterly revenue was down 20.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) EPS. View Patterson-UTI Energy's Earnings History.

Patterson-UTI Energy is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Patterson-UTI Energy.

18 Wall Street analysts have issued 12-month price objectives for Patterson-UTI Energy's shares. Their predictions range from $9.00 to $21.00. On average, they expect Patterson-UTI Energy's stock price to reach $14.4333 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Patterson-UTI Energy.

News headlines about PTEN stock have been trending negative on Tuesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Patterson-UTI Energy earned a news impact score of -2.9 on InfoTrie's scale. They also assigned headlines about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Patterson-UTI Energy.

Patterson-UTI Energy saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 16,622,000 shares, an increase of 14.5% from the July 31st total of 14,522,600 shares. Based on an average trading volume of 4,250,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 8.3% of the shares of the company are short sold. View Patterson-UTI Energy's Current Options Chain.

Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Ensco Rowan (ESV), Seadrill (SDRL), Rowan Companies (RDC), Diamond Offshore Drilling (DO), Nabors Industries (NBR), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Noble (NE), Pacific Drilling (PACD), Precision Drilling (PDS), PARKER DRILLING/SH PAR $ (PKD), Independence Contract Drilling (ICD) and Petroteq Energy (PQEFF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson-UTI Energy investors own include Seventy Seven Energy (SSEIQ), Nabors Industries (NBR), Micron Technology (MU), Energy Transfer LP Unit (ET), Oasis Petroleum (OAS), Starbucks (SBUX), Ford Motor (F), Halliburton (HAL), Cornerstone Total Return Fund (CRF) and CBL & Associates Properties (CBL).

Patterson-UTI Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.72%), BlackRock Inc. (9.72%), Vanguard Group Inc. (9.46%), JPMorgan Chase & Co. (4.14%), AQR Capital Management LLC (3.32%) and Wells Fargo & Company MN (3.23%). Company insiders that own Patterson-UTI Energy stock include Curtis W Huff, Janeen S Judah, Terry H Hunt and Tiffany J Thom. View Institutional Ownership Trends for Patterson-UTI Energy.

PTEN stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, BNP Paribas Arbitrage SA, Van ECK Associates Corp, JPMorgan Chase & Co., D. E. Shaw & Co. Inc., BlackRock Inc., BlackRock Inc. and Scout Investments Inc.. View Insider Buying and Selling for Patterson-UTI Energy.

PTEN stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Nuveen Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., Prudential PLC, Marshall Wace North America L.P., Bank of New York Mellon Corp, AQR Capital Management LLC and Natixis. View Insider Buying and Selling for 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.

One share of PTEN stock can currently be purchased for approximately $10.20.

Patterson-UTI Energy has a market capitalization of $2.07 billion and generates $3.33 billion in revenue each year. The oil and gas company earns $-321,420,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis. Patterson-UTI Energy employs 8,000 workers across the globe.View Additional Information About Patterson-UTI Energy.

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

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]