Patterson-UTI Energy Company Profile (NASDAQ:PTEN)

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

Patterson-UTI Energy declared a quarterly dividend on Thursday, April 27th. Investors of record on Thursday, June 8th will be given a dividend of $0.02 per share on Thursday, June 22nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Tuesday, June 6th. View Patterson-UTI Energy's Dividend History.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its quarterly earnings results on Thursday, April, 27th. The company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.02. The business had revenue of $305.20 million for the quarter, compared to analyst estimates of $294.82 million. Patterson-UTI Energy had a negative return on equity of 13.10% and a negative net margin of 32.74%. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.48) EPS. View Patterson-UTI Energy's Earnings History.

29 brokerages have issued 12 month target prices for Patterson-UTI Energy's stock. Their forecasts range from $14.00 to $40.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $27.15 in the next year. View Analyst Ratings for Patterson-UTI Energy.

Here are some recent quotes from research analysts about Patterson-UTI Energy stock:

• 1. According to Zacks Investment Research, "Patterson-UTI shares has been comfortably outperforming the Zacks categorized 'Oil & Gas Drilling' industry over the past 1 year. The company's large, high-quality fleet of drilling rigs – especially the technologically advanced ‘Apex’ ones – are the key to its success. We believe Patterson-UTI's acquisition of smaller rival Seventy Seven Energy will bolster its scale and customer base, while helping to enhance its geographic footprint to most active basins in the U.S. Moreover, with the significant advancement of crude oil from their 12-year lows reached in last February, producers are likely to revive spending on drilling activities that would spur rig count. This, in turn, will result in improved demand for oilfield equipments, thereby driving PattersonUTI's revenues, earnings and cash flow." (4/27/2017)
• 2. Jefferies Group LLC analysts commented, "SVNT's 4Q16 brought strong margin improvement in Hydraulic Fracturing and Oilfield Rentals and continued market share gains in Drilling. Momentum continues to build in 2017 and we expect further boost from PTEN's significantly wider customer base. We continue to believe synergies can exceed $75MM (vs. guidance of $50MM+), primarily from sand logistics and SG&A optimization, post PTEN-SVNT merger. We raise PTEN pro-forma 2018E EBITDA to $915MM; raise PT to $35." (2/16/2017)

Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Nabors Industries (NBR), ENSCO PLC (ESV), Diamond Offshore Drilling (DO), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), MAMMOOTH ENERGY (TUSK), Atwood Oceanics (ATW), Seadrill Ltd (SDRL), Seadrill Limited (SDRL), Parker Drilling Company (PKD), Pioneer Energy Services Corp. (PES), Pacific Drilling S.A. (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).

Patterson-UTI Energy's management team includes the folowing people:

• Mark S. Siegel J.D., Chairman of the Board
• William Andrew Hendricks Jr., President, Chief Executive Officer
• John E. Vollmer III, Executive Vice President – Corporate Development, Chief Financial Officer and Treasurer
• James M. Holcomb, President of Patterson-UTI Drilling Company LLC
• Kenneth N. Berns, Executive Vice President – Chief Commercial Office, Director
• Seth D. Wexler, Senior Vice President, General Counsel, Secretary
• Curtis W. Huff, Lead Independent Director
• Charles Oliver Buckner CPA,, Independent Director
• Michael W. Conlon, Independent Director
• Terry H. Hunt, Independent Director

Patterson-UTI Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include Sprott Inc. (0.27%), Viking Fund Management LLC (0.27%), Gateway Investment Advisers LLC (0.24%), Bank of Montreal Can (0.24%), Capital One National Association (0.13%) and NN Investment Partners Holdings N.V. (0.06%). View Institutional Ownership Trends for Patterson-UTI Energy.

Patterson-UTI Energy's stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Capital One National Association, Eqis Capital Management Inc., Leavell Investment Management Inc., Aperio Group LLC and Dalton Greiner Hartman Maher & Co.. View Insider Buying and Selling for Patterson-UTI Energy.

Patterson-UTI Energy's stock was acquired by a variety of institutional investors in the last quarter, including Sprott Inc., Creative Planning, Fox Run Management L.L.C., Gateway Investment Advisers LLC, Bank of Montreal Can, US Bancorp DE, LS Investment Advisors LLC and Oregon Public Employees Retirement Fund. View Insider Buying and Selling for Patterson-UTI Energy.

Shares of Patterson-UTI Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Patterson-UTI Energy stock can currently be purchased for approximately $19.18.