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About Patterson-UTI Energy (NASDAQ:PTEN)
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
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100
Debt
Debt-to-Equity Ratio0.28
Current Ratio1.73
Quick Ratio1.61
Price-To-Earnings
Trailing P/E Ratio-28.76
Forward P/E Ratio-255.67
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.36 billion
Price / Sales2.17
Cash Flow$2.8027 per share
Price / Cash8.21
Book Value$17.74 per share
Price / Book1.30
Profitability
EPS (Most Recent Fiscal Year)($0.80)
Net Income$5.91 million
Net Margins1.22%
Return on Equity-3.54%
Return on Assets-2.37%
Miscellaneous
Employees8,000
Outstanding Shares221,810,000
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 Thursday, April 26th. Stockholders of record on Thursday, June 7th will be given a dividend of $0.04 per share on Thursday, June 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, June 6th. This is an increase from Patterson-UTI Energy's previous quarterly dividend of $0.02. View Patterson-UTI Energy's Dividend History.
How were Patterson-UTI Energy's earnings last quarter?
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its quarterly earnings data on Thursday, April, 26th. The oil and gas company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.07. The oil and gas company had revenue of $809.16 million for the quarter, compared to analyst estimates of $793.39 million. Patterson-UTI Energy had a net margin of 1.22% and a negative return on equity of 3.54%. Patterson-UTI Energy's revenue was up 165.1% on a year-over-year basis. During the same period last year, the business posted ($0.40) EPS. View Patterson-UTI Energy's Earnings History.
When is Patterson-UTI Energy's next earnings date?
What price target have analysts set for PTEN?
21 analysts have issued 1-year target prices for Patterson-UTI Energy's shares. Their predictions range from $21.00 to $35.00. On average, they expect Patterson-UTI Energy's share price to reach $26.1875 in the next year. View Analyst Ratings for Patterson-UTI Energy.
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), Diamond Offshore Drilling (DO), Nabors Industries (NBR), Ocean Rig (ORIG), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Pioneer Energy Services (PES), Key Energy Services (KEG), Seadrill (SDRL) and Seadrill Partners (SDLP).
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)
Has Patterson-UTI Energy been receiving favorable news coverage?
News articles about PTEN stock have been trending somewhat positive on Sunday, Accern reports. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Patterson-UTI Energy earned a news sentiment score of 0.09 on Accern's scale. They also assigned news stories about the oil and gas company an impact score of 45.88 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Patterson-UTI Energy's major shareholders?
Patterson-UTI Energy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.48%), Wells Fargo & Company MN (4.45%), Van ECK Associates Corp (4.27%), JPMorgan Chase & Co. (3.85%), Dimensional Fund Advisors LP (3.72%) and Point72 Asset Management L.P. (2.89%). 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 institutional investors are selling Patterson-UTI Energy stock?
PTEN stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Van ECK Associates Corp, Lord Abbett & CO. LLC, Dimensional Fund Advisors LP, Heartland Advisors Inc., Mesirow Financial Investment Management Equity Management, First Pacific Advisors LLC and Allianz Asset Management GmbH. 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 institutional investors are buying Patterson-UTI Energy stock?
PTEN stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Ceredex Value Advisors LLC, Massachusetts Financial Services Co. MA, Precocity Capital LP, Wells Fargo & Company MN, Thrivent Financial for Lutherans, Mitchell Group Inc. and Neuberger Berman Group LLC. 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 $23.01.
How big of a company is Patterson-UTI Energy?
Patterson-UTI Energy has a market capitalization of $5.10 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.
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 (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.
Patterson-UTI Energy (NASDAQ:PTEN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
21 Wall Street analysts have issued ratings and price targets for Patterson-UTI Energy in the last 12 months. Their average twelve-month price target is $26.1875, suggesting that the stock has a possible upside of 13.81%. The high price target for PTEN is $35.00 and the low price target for PTEN is $21.00. There are currently 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.81 | 2.82 | 2.80 | 2.63 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
18 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
20 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
10 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $26.1875 | $26.1250 | $26.4444 | $26.95 |
| Price Target Upside: | 13.81% upside | 26.70% upside | 43.64% upside | 36.25% upside |
Patterson-UTI Energy (NASDAQ:PTEN) Consensus Price Target History
Patterson-UTI Energy (NASDAQ:PTEN) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Patterson-UTI Energy (NASDAQ:PTEN) Dividend Information
Patterson-UTI Energy pays an annual dividend of $0.08 per share, with a dividend yield of 0.35%. PTEN's next quarterly dividend payment will be made on Thursday, June 21. Patterson-UTI Energy pays out -10.00% of its earnings out as a dividend.
| Next Dividend: | 6/21/2018 |
| Annual Dividend: | $0.08 |
| Dividend Yield: | 0.35% |
| Payout Ratio(s): | -10.00% (Trailing 12 Months of Earnings)
-88.89% (Based on This Year's Estimates)
14.04% (Based on Next Year's Estimates)
2.85% (Based on Cash Flow)
|
Patterson-UTI Energy (NASDAQ:PTEN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/26/2018 | quarterly | $0.04 | 0.76% | 6/6/2018 | 6/7/2018 | 6/21/2018 |
| 2/8/2018 | quarterly | $0.02 | 0.46% | 3/7/2018 | 3/8/2018 | 3/22/2018 |
| 10/25/2017 | Quarterly | $0.02 | 0.4% | 12/6/2017 | 12/7/2017 | 12/21/2017 |
| 7/27/2017 | quarterly | $0.02 | 0.41% | 9/6/2017 | 9/7/2017 | 9/21/2017 |
| 4/27/2017 | quarterly | $0.02 | 0.36% | 6/6/2017 | 6/8/2017 | 6/22/2017 |
| 2/9/2017 | quarterly | $0.02 | 0.29% | 3/6/2017 | 3/8/2017 | 3/22/2017 |
| 10/27/2016 | quarterly | $0.02 | 0.34% | 12/6/2016 | 12/8/2016 | 12/22/2016 |
| 7/28/2016 | quarterly | $0.02 | 0.41% | 9/6/2016 | 9/8/2016 | 9/22/2016 |
| 4/29/2016 | quarterly | $0.02 | 0.41% | 6/7/2016 | 6/9/2016 | 6/23/2016 |
| 2/4/2016 | quarterly | $0.10 | 3.01% | 3/8/2016 | 3/10/2016 | 3/24/2016 |
| 10/22/2015 | quarterly | $0.10 | 2.7% | 12/8/2015 | 12/10/2015 | 12/24/2015 |
| 7/23/2015 | quarterly | $0.10 | 2.48% | 9/8/2015 | 9/10/2015 | 9/24/2015 |
| 4/23/2015 | quarterly | $0.10 | 1.89% | 6/8/2015 | 6/10/2015 | 6/24/2015 |
| 2/10/2015 | quarterly | $0.10 | 2.38% | 3/9/2015 | 3/11/2015 | 3/25/2015 |
| 10/24/2014 | quarterly | $0.10 | 1.64% | 12/8/2014 | 12/10/2014 | 12/24/2014 |
| 7/24/2014 | quarterly | $0.10 | 1.07% | 9/8/2014 | 9/10/2014 | 9/24/2014 |
| 4/24/2014 | quarterly | $0.10 | 1.24% | 6/10/2014 | 6/12/2014 | 6/26/2014 |
| 2/7/2014 | quarterly | $0.10 | 1.42% | 3/10/2014 | 3/12/2014 | 3/27/2014 |
| 10/24/2013 | quarterly | $0.05 | 0.9% | 12/13/2013 | 12/17/2013 | 12/31/2013 |
| 7/25/2013 | quarterly | $0.05 | 1% | 9/12/2013 | 9/16/2013 | 9/30/2013 |
| 4/25/2013 | quarterly | $0.05 | 0.94% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 2/8/2013 | quarterly | $0.05 | 0.85% | 3/13/2013 | 3/15/2013 | 3/29/2013 |
(Data available from 1/1/2013 forward)
Patterson-UTI Energy (NASDAQ PTEN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.70%
Institutional Ownership Percentage: 99.58%
Patterson-UTI Energy (NASDAQ PTEN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/13/2018 | Terry H Hunt | Director | Sell | 10,000 | $19.46 | $194,600.00 | |  |
| 1/2/2018 | Tiffany J Thom | Director | Sell | 2,574 | $23.08 | $59,407.92 | | |
| 10/29/2014 | Michael W Conlon | Director | Buy | 3,000 | $23.33 | $69,990.00 | | |
| 6/27/2014 | Cloyce A Talbott | Director | Sell | 400,000 | $34.49 | $13,796,000.00 | | |
| 6/12/2014 | Kenneth N Berns | SVP | Sell | 85,000 | $33.62 | $2,857,700.00 | | |
| 6/12/2014 | Mark S Siegel | Chairman | Sell | 340,000 | $33.62 | $11,430,800.00 | | |
| 6/9/2014 | James Michael Holcomb | Insider | Sell | 44,445 | $33.63 | $1,494,685.35 | | |
| 4/29/2014 | Mark Siegel | Chairman | Sell | 225,000 | $32.54 | $7,321,500.00 | 943,883 | |
| 3/7/2014 | Cloyce Talbott | Director | Sell | 120,000 | $29.22 | $3,506,400.00 | 290,476 | |
| 12/20/2013 | Charles Oliver Buckner | Director | Sell | 10,000 | $25.14 | $251,400.00 | 11,000 | |
(Data available from 1/1/2013 forward)
Patterson-UTI Energy (NASDAQ PTEN) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Patterson-UTI Energy, Inc. (PTEN) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 20 at 1:41 PM |
| Patterson-UTI (PTEN) Lifted to "Strong-Buy" at BidaskClub
www.americanbankingnews.com - May 18 at 1:19 PM |
| Ocean Rig (ORIG) versus Patterson-UTI (PTEN) Head to Head Survey
www.americanbankingnews.com - May 14 at 9:43 AM |
 | At $22.07, Is It Time To Buy Patterson-UTI Energy Inc (NASDAQ:PTEN)?
finance.yahoo.com - May 9 at 8:30 AM |
| Q2 2018 EPS Estimates for Patterson-UTI Raised by Seaport Global Securities (PTEN)
www.americanbankingnews.com - May 9 at 8:29 AM |
 | How These Oil & Gas Stocks are Performing? -- Halcon Resources, Helmerich & Payne, Jagged Peak Energy, and ...
www.prnewswire.com - May 8 at 8:27 AM |
| $863.82 Million in Sales Expected for Patterson-UTI (PTEN) This Quarter
www.americanbankingnews.com - May 7 at 5:52 AM |
| Analysts Expect Patterson-UTI (PTEN) to Announce -$0.04 Earnings Per Share
www.americanbankingnews.com - May 5 at 1:12 AM |
| Patterson-UTI (PTEN) Q1 Loss Wider Than Expected, Sales Top
finance.yahoo.com - May 4 at 5:22 PM |
| Traders Purchase Large Volume of Patterson-UTI Call Options (PTEN)
www.americanbankingnews.com - May 4 at 8:46 AM |
| Patterson-UTI Reports Drilling Activity for April 2018
finance.yahoo.com - May 3 at 8:27 AM |
| Patterson-UTI (PTEN) Raised to "Hold" at ValuEngine
www.americanbankingnews.com - May 2 at 11:39 PM |
 | Patterson-UTI Energy's Earnings Are a Tale of 2 Businesses
www.fool.com - May 2 at 5:27 PM |
| Patterson-UTI Energy's Earnings Are a Tale of 2 Businesses
finance.yahoo.com - May 2 at 5:27 PM |
| Piper Jaffray Weighs in on Patterson-UTI's Q2 2018 Earnings (PTEN)
www.americanbankingnews.com - May 2 at 8:56 AM |
| Patterson-UTI to Post FY2019 Earnings of $0.99 Per Share, Piper Jaffray Forecasts (PTEN)
www.americanbankingnews.com - May 1 at 7:26 AM |
| Citigroup Boosts Patterson-UTI (PTEN) Price Target to $25.00
www.americanbankingnews.com - April 30 at 8:55 AM |
| Q3 2018 Earnings Forecast for Patterson-UTI (PTEN) Issued By Jefferies Group
www.americanbankingnews.com - April 30 at 2:44 AM |
| Q1 2018 Earnings Forecast for Patterson-UTI Issued By Capital One (PTEN)
www.americanbankingnews.com - April 30 at 1:04 AM |
| BidaskClub Upgrades Patterson-UTI (PTEN) to "Buy"
www.americanbankingnews.com - April 28 at 7:40 AM |
| Edited Transcript of PTEN earnings conference call or presentation 26-Apr-18 2:00pm GMT
finance.yahoo.com - April 27 at 5:08 PM |
| Patterson-UTI to Post Q3 2018 Earnings of $0.06 Per Share, Capital One Forecasts (PTEN)
www.americanbankingnews.com - April 27 at 8:49 AM |
 | Patterson-UTI Energy (PTEN) Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 27 at 8:42 AM |
| Patterson-UTI (PTEN) Issues Earnings Results, Misses Expectations By $0.09 EPS
www.americanbankingnews.com - April 26 at 6:32 PM |
| Patterson-UTI (PTEN) Declares Quarterly Dividend of $0.04
www.americanbankingnews.com - April 26 at 12:22 PM |
| Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2018
www.prnewswire.com - April 26 at 8:25 AM |
 | BRIEF-Patterson-UTI Energy Reports Q1 Loss Per Share $0.16
www.reuters.com - April 26 at 8:25 AM |
| Patterson-UTI: 1Q Earnings Snapshot
finance.yahoo.com - April 26 at 8:25 AM |
| Three more Houston energy companies report CEO, median employee pay
finance.yahoo.com - April 25 at 5:22 PM |
| Patterson-UTI (PTEN) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - April 25 at 1:38 PM |
 | Form DEF 14A PATTERSON UTI ENERGY For: Jun 14
www.streetinsider.com - April 25 at 8:29 AM |
| Patterson-UTI Energy (PTEN) Given "Hold" Rating at Cowen
www.americanbankingnews.com - April 19 at 5:18 PM |
| Patterson-UTI Energy (PTEN) Stock Rating Lowered by Societe Generale
www.americanbankingnews.com - April 19 at 10:01 AM |
| $791.98 Million in Sales Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter
www.americanbankingnews.com - April 19 at 1:52 AM |
| What Analysts Expect from Halliburton’s 1Q18 Earnings
finance.yahoo.com - April 18 at 5:36 PM |
| Patterson-UTI Energy (PTEN) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - April 18 at 3:29 AM |
| -$0.09 EPS Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter
www.americanbankingnews.com - April 17 at 11:08 PM |
| Patterson-UTI Energy (PTEN) Downgraded by BidaskClub to Sell
www.americanbankingnews.com - April 15 at 12:34 PM |
| Patterson-UTI Energy's (PTEN) Buy Rating Reiterated at UBS
www.americanbankingnews.com - April 15 at 9:43 AM |
| BRIEF-Patterson-UTI Energy Says CEO William Hendricks' FY'17 Compensation Was $14.3 Mln
www.reuters.com - April 14 at 5:03 PM |
| Patterson-UTI Energy (PTEN) Lifted to "Sell" at ValuEngine
www.americanbankingnews.com - April 13 at 11:10 PM |
 | Patterson-UTI Energy (PTEN) Shares Cross Above 200 DMA
www.nasdaq.com - April 13 at 5:23 PM |
| Patterson-UTI upgraded at Cowen on land drilling fundamentals, valuation
seekingalpha.com - April 13 at 5:23 PM |
| Patterson-UTI Energy (PTEN) Upgraded at Cowen
www.americanbankingnews.com - April 13 at 11:03 AM |
| Patterson-UTI Energy CEO's 2017 total compensation more than doubles
finance.yahoo.com - April 13 at 8:35 AM |
| Patterson-UTI Energy (PTEN) Downgraded by BidaskClub
www.americanbankingnews.com - April 12 at 6:14 PM |
| Patterson-UTI Energy (PTEN) Upgraded at Wolfe Research
www.americanbankingnews.com - April 12 at 11:59 AM |
| Patterson-UTI Energy (PTEN) Upgraded by BidaskClub to "Hold"
www.americanbankingnews.com - April 12 at 10:45 AM |
| Edited Transcript of PTEN presentation 7-Mar-17 1:40pm GMT
finance.yahoo.com - April 12 at 8:55 AM |
| JPMorgan Chase Upgrades Patterson-UTI Energy (PTEN) to Overweight
www.americanbankingnews.com - April 9 at 1:19 PM |
Patterson-UTI Energy (NASDAQ:PTEN) SEC Filings
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Patterson-UTI Energy (NASDAQ:PTEN) Income Statement, Balance Sheet and Cash Flow Statement
Patterson-UTI Energy (NASDAQ PTEN) Stock Chart for Sunday, May, 20, 2018
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