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DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NASDAQ:PTEN

Patterson-UTI Energy Stock Forecast, Price & News

$7.40
-0.10 (-1.33 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$6.86
Now: $7.40
$7.54
50-Day Range
$5.91
MA: $6.37
$7.50
52-Week Range
$1.61
Now: $7.40
$7.82
Volume2.55 million shs
Average Volume2.66 million shs
Market Capitalization$1.39 billion
P/E RatioN/A
Dividend Yield1.07%
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 Services 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, and West Virginia. As of December 31, 2020, this segment had a drilling fleet of 210 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors and 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

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
Current SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100
Employees3,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.47 billion
Cash Flow$4.93 per share
Book Value$14.57 per share

Profitability

Net Income$-425,700,000.00

Miscellaneous

Market Cap$1.39 billion
Next Earnings Date4/22/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.22 out of 5 stars

Oils/Energy Sector

196th out of 668 stocks

Drilling Oil & Gas Wells Industry

4th out of 36 stocks

Analyst Opinion: 0.9Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$7.40
-0.10 (-1.33 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

Is Patterson-UTI Energy a buy right now?

18 Wall Street equities research 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 equities research 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 top-rated stocks.

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.

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

Patterson-UTI Energy is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Patterson-UTI Energy
.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its quarterly earnings data on Thursday, February, 4th. The oil and gas company reported ($0.57) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.05. The oil and gas company had revenue of $220.80 million for the quarter, compared to analysts' expectations of $217.04 million. Patterson-UTI Energy had a negative trailing twelve-month return on equity of 16.24% and a negative net margin of 56.10%. The company's quarterly revenue was down 55.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.44) EPS.
View Patterson-UTI Energy's earnings history
.

How has Patterson-UTI Energy's stock price been impacted by Coronavirus?

Patterson-UTI Energy's stock was trading at $2.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PTEN shares have increased by 250.7% and is now trading at $7.40.
View which stocks have been most impacted by COVID-19
.

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, February 4th. Investors of record on Thursday, March 4th will be paid a dividend of $0.02 per share on Thursday, March 18th. This represents a $0.08 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, March 3rd.
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 1.07%.
View Patterson-UTI Energy's dividend history.

What price target have analysts set for PTEN?

18 brokerages have issued 12-month target prices for Patterson-UTI Energy's shares. Their forecasts range from $2.00 to $6.00. On average, they anticipate Patterson-UTI Energy's share price to reach $3.64 in the next year. This suggests that the stock has a possible downside of 50.8%.
View analysts' price targets for Patterson-UTI Energy
or view top-rated stocks among Wall Street analysts.

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 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.

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).

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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.54%), Dimensional Fund Advisors LP (5.20%), Renaissance Technologies LLC (4.53%), Fuller & Thaler Asset Management Inc. (4.06%), Wells Fargo & Company MN (3.74%) and Van ECK Associates Corp (2.11%). 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 institutional investors are selling Patterson-UTI Energy stock?

PTEN stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Renaissance Technologies LLC, Morgan Stanley, SG Americas Securities LLC, Bank of New York Mellon Corp, Nuveen Asset Management LLC, First Trust Advisors LP, and Fuller & Thaler Asset Management Inc..
View insider buying and selling activity for Patterson-UTI Energy
or view top insider-selling stocks.

Which institutional investors are buying Patterson-UTI Energy stock?

PTEN stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., Guggenheim Capital LLC, Van ECK Associates Corp, Acuitas Investments LLC, Brandywine Global Investment Management LLC, ExodusPoint Capital Management LP, and Citigroup Inc.. Company insiders that have bought Patterson-UTI Energy stock in the last two years include Curtis W Huff, Janeen S Judah, and William Andrew Hendricks Jr.
View insider buying and selling activity for Patterson-UTI Energy
or or view top insider-buying 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.
Compare Top Brokerages Here.

What is Patterson-UTI Energy's stock price today?

One share of PTEN stock can currently be purchased for approximately $7.40.

How much money does Patterson-UTI Energy make?

Patterson-UTI Energy has a market capitalization of $1.39 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.

How many employees does Patterson-UTI Energy have?

Patterson-UTI Energy employs 3,000 workers across the globe.

What is Patterson-UTI Energy's official website?

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

Where are Patterson-UTI Energy's headquarters?

Patterson-UTI Energy is headquartered at 10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800, HOUSTON TX, 77064.

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 2/27/2021 by MarketBeat.com Staff

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