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

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$12.57 -0.44 (-3.38 %)
(As of 12/11/2018 01:54 AM ET)
Previous Close$13.01
Today's Range$12.44 - $13.03
52-Week Range$12.44 - $25.03
Volume3.98 million shs
Average Volume3.53 million shs
Market Capitalization$2.83 billion
P/E Ratio-15.71
Dividend Yield1.25%
Beta0.98
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
Current SymbolNASDAQ:PTEN
Previous Symbol
CUSIP70348110
Phone281-765-7100

Debt

Debt-to-Equity Ratio0.30
Current Ratio1.66
Quick Ratio1.54

Price-To-Earnings

Trailing P/E Ratio-15.71
Forward P/E Ratio-28.57
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.36 billion
Price / Sales1.16
Cash Flow$2.7091 per share
Price / Cash Flow4.64
Book Value$17.90 per share
Price / Book0.70

Profitability

EPS (Most Recent Fiscal Year)($0.80)
Net Income$5.91 million
Net Margins2.27%
Return on Equity-2.29%
Return on Assets-1.51%

Miscellaneous

Employees8,000
Outstanding Shares217,410,000
Market Cap$2.83 billion
OptionableOptionable

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 announced a quarterly dividend on Friday, October 26th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.04 per share on Thursday, December 20th. This represents a $0.16 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, December 5th. View Patterson-UTI Energy's Dividend History.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its quarterly earnings data on Thursday, October, 25th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.12) by $0.02. The oil and gas company earned $867.48 million during the quarter, compared to analysts' expectations of $839.65 million. Patterson-UTI Energy had a net margin of 2.27% and a negative return on equity of 2.29%. View Patterson-UTI Energy's Earnings History.

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

Patterson-UTI Energy is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for Patterson-UTI Energy.

What price target have analysts set for PTEN?

22 equities research analysts have issued 12-month price objectives for Patterson-UTI Energy's stock. Their predictions range from $19.00 to $29.00. On average, they expect Patterson-UTI Energy's stock price to reach $23.4375 in the next year. This suggests a possible upside of 86.5% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.

What is the consensus analysts' recommendation for Patterson-UTI Energy?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 3 hold ratings, 18 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Patterson-UTI Energy.

Has Patterson-UTI Energy been receiving favorable news coverage?

News coverage about PTEN stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Patterson-UTI Energy earned a news sentiment score of 1.2 on InfoTrie's scale. They also assigned news articles about the oil and gas company a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the company's share price in the next few days.

Are investors shorting Patterson-UTI Energy?

Patterson-UTI Energy saw a decline in short interest in the month of November. As of November 15th, there was short interest totalling 7,908,582 shares, a decline of 20.7% from the October 31st total of 9,967,327 shares. Based on an average daily volume of 2,951,794 shares, the days-to-cover ratio is currently 2.7 days. Currently, 3.7% of the company's shares are short sold. View Patterson-UTI Energy's Current Options Chain.

Who are some of Patterson-UTI Energy's key competitors?

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)

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 BlackRock Inc. (9.41%), Vanguard Group Inc. (8.80%), Wells Fargo & Company MN (4.66%), Dimensional Fund Advisors LP (3.86%), Fuller & Thaler Asset Management Inc. (3.22%) and Macquarie Group Ltd. (2.14%). 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 major investors are selling Patterson-UTI Energy stock?

PTEN stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Deutsche Bank AG, Loomis Sayles & Co. L P, BP Capital Fund Advisors LLC, Stevens Capital Management LP, Marshall Wace North America L.P., Energy Opportunities Capital Management LLC and Morgan Stanley. 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 major investors are buying Patterson-UTI Energy stock?

PTEN stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Fuller & Thaler Asset Management Inc., Massachusetts Financial Services Co. MA, Point72 Asset Management L.P., Key Group Holdings Cayman LTD., Dimensional Fund Advisors LP, Marshall Wace LLP and First Pacific Advisors LP. 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 $12.57.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $2.83 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.

What is Patterson-UTI Energy's official website?

The official website for Patterson-UTI Energy is http://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]


MarketBeat Community Rating for Patterson-UTI Energy (NASDAQ PTEN)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  614 (Vote Outperform)
Underperform Votes:  684 (Vote Underperform)
Total Votes:  1,298
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.
This page was last updated on 12/11/2018 by MarketBeat.com Staff

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