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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100
Debt
Debt-to-Equity Ratio0.29
Current Ratio1.68
Quick Ratio1.54
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.36 billion
Price / Sales1.67
Cash Flow$2.8041 per share
Price / Cash6.38
Book Value$17.90 per share
Price / Book1.00
Profitability
EPS (Most Recent Fiscal Year)($0.80)
Net Income$5.91 million
Net Margins3.72%
Return on Equity-2.64%
Return on Assets-1.75%
Miscellaneous
Employees8,000
Outstanding Shares220,030,000
Market Cap$3.94 billion
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 declared a quarterly dividend on Thursday, July 26th. Stockholders of record on Thursday, September 6th will be given a dividend of $0.04 per share on Thursday, September 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, September 5th. View Patterson-UTI Energy's Dividend History.
How were Patterson-UTI Energy's earnings last quarter?
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) issued its earnings results on Thursday, July, 26th. The oil and gas company reported ($0.05) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.01. The oil and gas company had revenue of $854.42 million for the quarter, compared to analysts' expectations of $866.96 million. Patterson-UTI Energy had a negative return on equity of 2.64% and a net margin of 3.72%. The company's revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.46) earnings per share. View Patterson-UTI Energy's Earnings History.
When is Patterson-UTI Energy's next earnings date?
What price target have analysts set for PTEN?
19 brokerages have issued twelve-month price targets for Patterson-UTI Energy's stock. Their predictions range from $19.00 to $31.00. On average, they expect Patterson-UTI Energy's stock price to reach $24.3571 in the next year. This suggests a possible upside of 36.1% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.
What is the consensus analysts' recommendation for Patterson-UTI Energy?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Patterson-UTI Energy.
Are investors shorting Patterson-UTI Energy?
Patterson-UTI Energy saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 11,096,675 shares, an increase of 20.2% from the July 31st total of 9,231,397 shares. Based on an average trading volume of 2,643,063 shares, the short-interest ratio is currently 4.2 days. Approximately 5.1% of the company's stock are sold short. View Patterson-UTI Energy's Current Options Chain.
Who are some of Patterson-UTI Energy's key competitors?
Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Ensco (ESV), Ocean Rig UDW (ORIG), Diamond Offshore Drilling (DO), Rowan Companies (RDC), Nabors Industries (NBR), Noble (NE), Baytex Energy (BTE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Seadrill Partners (SDLP), Key Energy Services (KEG), Pioneer Energy Services (PES) and Independence Contract Drilling (ICD).
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 investors include BlackRock Inc. (9.30%), Wells Fargo & Company MN (4.35%), Van ECK Associates Corp (4.33%), Dimensional Fund Advisors LP (3.48%), Fuller & Thaler Asset Management Inc. (2.29%) and Macquarie Group Ltd. (2.06%). 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 Millennium Management LLC, Point72 Asset Management L.P., Precocity Capital LP, Dimensional Fund Advisors LP, BlackRock Inc., Federated Investors Inc. PA, Strs Ohio and Commonwealth Bank of Australia. 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 acquired by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Capital Fund Management S.A., Fuller & Thaler Asset Management Inc., Mackay Shields LLC, Victory Capital Management Inc., Advisors Asset Management Inc., First Trust Advisors LP and Macquarie Group Ltd.. 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 $17.89.
How big of a company is Patterson-UTI Energy?
Patterson-UTI Energy has a market capitalization of $3.94 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?
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)
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.
