Patterson-UTI Energy Company Profile (NASDAQ:PTEN)

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

Patterson-UTI Energy announced 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 dividend yield of 0.41%. The ex-dividend date of this dividend is Tuesday, June 6th. View Patterson-UTI Energy's Dividend History.

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

31 equities research analysts have issued twelve-month price targets for Patterson-UTI Energy's stock. Their predictions range from $14.00 to $40.00. On average, they expect Patterson-UTI Energy's stock price to reach $27.88 in the next twelve months. 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)

Patterson-UTI Energy saw a increase in short interest in May. As of May 31st, there was short interest totalling 19,411,015 shares, an increase of 1.0% from the May 15th total of 19,216,305 shares. Based on an average trading volume of 4,933,103 shares, the short-interest ratio is presently 3.9 days.

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 Corp (PDS), Mammooth Energy (TUSK), Atwood Oceanics (ATW), Seadrill Ltd (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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.86%), Vanguard Group Inc. (9.30%), Wellington Management Group LLP (7.55%), Dimensional Fund Advisors LP (7.41%), Van ECK Associates Corp (6.13%) and Wells Fargo & Company MN (4.19%). 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 Dimensional Fund Advisors LP, AQR Capital Management LLC, First Trust Advisors LP, Bank of New York Mellon Corp, Dalton Greiner Hartman Maher & Co., Marshall Wace LLP, UBS Asset Management Americas Inc. and Chartwell Investment Partners LLC. View Insider Buying and Selling for Patterson-UTI Energy.

Patterson-UTI Energy's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Jennison Associates LLC, Bank of America Corp DE, Vanguard Group Inc., Principal Financial Group Inc., Renaissance Technologies LLC, Paloma Partners Management Co and Wells Fargo & Company MN. 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 $19.65.