S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NASDAQ:PTEN

Patterson-UTI Energy Stock Forecast, Price & News

$7.48
+0.19 (+2.61%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$7.13
$7.69
50-Day Range
$6.94
$9.85
52-Week Range
$4.89
$11.27
Volume
3.07 million shs
Average Volume
2.33 million shs
Market Capitalization
$1.61 billion
P/E Ratio
N/A
Dividend Yield
1.10%
Beta
2.98
30 days | 90 days | 365 days | Advanced Chart
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Patterson-UTI Energy logo

About Patterson-UTI Energy

Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment and technology. It operates through the following segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its services to major and independent oil and natural gas operators. The Pressure Pumping Services segment provides pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment offers downhole performance motors and equipment to provide services including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, and wireline steering tools, in most major onshore oil and natural gas basins. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.

Headlines

Patterson-UTI Energy (NASDAQ:PTEN) Shares Up 10.2%
December 3, 2021 |  americanbankingnews.com
Patterson-UTI Reports Drilling Activity for November 2021
December 3, 2021 |  finance.yahoo.com
Patterson-UTI Energy (NASDAQ:PTEN) Shares Gap Up to $7.25
November 23, 2021 |  americanbankingnews.com
Patterson-UTI Energy (NASDAQ:PTEN) Shares Down 8.6%
November 19, 2021 |  americanbankingnews.com
Patterson-UTI (PTEN) Suffers Loss in Q3, Beats on Sales
November 3, 2021 |  finance.yahoo.com
Patterson-UTI Reports Drilling Activity for October 2021
November 3, 2021 |  finance.yahoo.com
BofA Upgrades Patterson-UTI Energy After Q3 Beat
November 2, 2021 |  markets.businessinsider.com
Analyst Ratings For Patterson-UTI Energy
November 2, 2021 |  markets.businessinsider.com
Patterson UTI-Energy Q3 Earnings Summary
October 28, 2021 |  markets.businessinsider.com
See More Headlines

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
Current Symbol
NASDAQ:PTEN
CUSIP
70348110
Employees
3,000
Year Founded
1978

Sales & Book Value

Annual Sales
$1.12 billion
Cash Flow
$2.91 per share
Book Value
$8.02 per share

Profitability

Net Income
$-803.69 million
Pretax Margin
-43.07%

Debt

Price-To-Earnings

Miscellaneous

Free Float
208,659,000
Market Cap
$1.61 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/28/2021
Ex-Dividend
12/01/2021
Today
12/05/2021
Dividend Payable
12/16/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/03/2022

Social Links


MarketRank

Overall MarketRank

2.25 out of 5 stars

Oils/Energy Sector

101st out of 349 stocks

Drilling Oil & Gas Wells Industry

3rd out of 16 stocks

Analyst Opinion: 3.2Community Rank: 4.3Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -












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

Is Patterson-UTI Energy a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 4 hold ratings and 3 buy ratings 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.

How has Patterson-UTI Energy's stock price been impacted by COVID-19 (Coronavirus)?

Patterson-UTI Energy's stock was trading at $2.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PTEN stock has increased by 254.5% and is now trading at $7.48.
View which stocks have been most impacted by COVID-19
.

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

Patterson-UTI Energy is scheduled to release its next quarterly earnings announcement on Thursday, February 3rd 2022.
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, October, 28th. The oil and gas company reported ($0.44) EPS for the quarter, meeting analysts' consensus estimates of ($0.44). The oil and gas company had revenue of $357.89 million for the quarter, compared to analysts' expectations of $352.03 million. Patterson-UTI Energy had a negative trailing twelve-month return on equity of 21.31% and a negative net margin of 35.92%. The firm's revenue was up 72.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.60) earnings per share.
View Patterson-UTI Energy's earnings history
.

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 Friday, October 29th. Investors of record on Thursday, December 2nd will be given a dividend of $0.02 per share on Thursday, December 16th. This represents a $0.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, December 1st.
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 1.10%.
View Patterson-UTI Energy's dividend history.

What price target have analysts set for PTEN?

7 analysts have issued twelve-month price objectives for Patterson-UTI Energy's stock. Their forecasts range from $6.00 to $12.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $10.21 in the next year. This suggests a possible upside of 36.6% from the stock's current price.
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:
  • Andy Hendricks, President, Chief Executive Officer & Director
  • C. Andrew Smith, Chief Financial Officer & Executive Vice President
  • Kenneth Neil Berns, Chief Commercial Officer & Executive VP
  • Seth David Wexler, Secretary, Senior VP & General Counsel
  • James M. Holcomb, Senior Vice President-Operations

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.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.30%), Van ECK Associates Corp (6.35%), Macquarie Group Ltd. (4.62%), Dimensional Fund Advisors LP (4.48%), Fuller & Thaler Asset Management Inc. (3.87%) and Kahn Brothers Group Inc. DE (3.15%). Company insiders that own Patterson-UTI Energy stock include 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 Invesco Ltd., Renaissance Technologies LLC, BlackRock Inc., Dimensional Fund Advisors LP, Two Sigma Advisers LP, Fuller & Thaler Asset Management Inc., Arrowstreet Capital Limited Partnership, and UBS Group AG.
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 purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Van ECK Associates Corp, Allianz Asset Management GmbH, Macquarie Group Ltd., Two Sigma Investments LP, Deprince Race & Zollo Inc., Point72 Asset Management L.P., and Russell Investments Group Ltd.. Company insiders that have bought Patterson-UTI Energy stock in the last two years include 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 $7.48.

How much money does Patterson-UTI Energy make?

Patterson-UTI Energy has a market capitalization of $1.61 billion and generates $1.12 billion in revenue each year. The oil and gas company earns $-803.69 million in net income (profit) each year or ($2.13) on an earnings per share basis.

How many employees does Patterson-UTI Energy have?

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

Does Patterson-UTI Energy have any subsidiaries?

The following companies are subsidiares of Patterson-UTI Energy: Ambar Inc, Ambar Lone Star Fluid Services LLC, Current Power Solutions Inc., Drilling Technologies 1 LLC, Drilling Technologies 2 LLC, Great Plains Oilfield Rental L.L.C., High Valley Drilling, Jones Drilling, Keystone Rock & Excavation L.L.C., MS Directional LLC, Norton Drilling Services, PTL Prop Solutions L.L.C., Patterson Petroleum LLC, Patterson UTI International Saudi Arabia Limited, Patterson-UTI Drilling Canada Limited, Patterson-UTI Drilling Company LLC, Patterson-UTI Drilling International Inc., Patterson-UTI Holding Company LLC, Patterson-UTI International (Argentina) S.R.L., Patterson-UTI International (India) B.V., Patterson-UTI International (Kuwait) Limited, Patterson-UTI International (Netherlands) B.V., Patterson-UTI International Holdings (BVI) Limited, Patterson-UTI International Holdings (Netherlands) One B.V., Patterson-UTI International Holdings (Netherlands) Two B.V., Patterson-UTI International Holdings Inc., Patterson-UTI Management Services LLC, Seventy Seven Energy Inc., Seventy Seven Energy LLC, Seventy Seven Land Company LLC, Seventy Seven Operating LLC, Superior QC, Superior QC LLC, TMBR/ Sharp Drilling, Tejas Drilling Fluids, Universal Pressure Pumping Inc., Universal Wireline LLC, Warrior Rig Technologies, Warrior Rig Technologies Limited, Warrior Rig Technologies US LLC, Wek Drilling, and Western Wisconsin Sand Company LLC.

When was Patterson-UTI Energy founded?

Patterson-UTI Energy was founded in 1978.

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, via email at [email protected], or via fax at 281-765-7175.


This page was last updated on 12/5/2021 by MarketBeat.com Staff

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