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Patterson-UTI Energy Stock Price, News & Analysis (NASDAQ:PTEN)

$8.23
+0.40 (+5.11 %)
(As of 10/21/2019 11:42 AM ET)
Today's Range
$7.81
Now: $8.23
$8.23
50-Day Range
$7.70
MA: $8.77
$11.00
52-Week Range
$7.67
Now: $8.23
$17.42
Volume87,093 shs
Average Volume3.74 million shs
Market Capitalization$1.67 billion
P/E RatioN/A
Dividend Yield2.06%
Beta1.52
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 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, West Virginia, and western Canada. Read More…

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
Current SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.33 billion
Cash Flow$5.11 per share
Book Value$16.12 per share

Profitability

Net Income$-321,420,000.00

Miscellaneous

Employees8,000
Market Cap$1.67 billion
Next Earnings Date10/24/2019 (Confirmed)
OptionableOptionable

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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 25th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.04 per share on Thursday, September 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, September 4th. View Patterson-UTI Energy's Dividend History.

How will Patterson-UTI Energy's stock buyback program work?

Patterson-UTI Energy declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 7th 2019, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its earnings results on Thursday, July, 25th. The oil and gas company reported ($0.17) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.21) by $0.04. The oil and gas company earned $675.77 million during the quarter, compared to analysts' expectations of $670.28 million. Patterson-UTI Energy had a negative net margin of 11.64% and a negative return on equity of 2.71%. The business's quarterly revenue was down 20.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. View Patterson-UTI Energy's Earnings History.

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

Patterson-UTI Energy is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Patterson-UTI Energy.

How can I listen to Patterson-UTI Energy's earnings call?

Patterson-UTI Energy will be holding an earnings conference call on Thursday, October 24th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for PTEN?

18 brokers have issued 12-month price objectives for Patterson-UTI Energy's shares. Their forecasts range from $9.00 to $17.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $12.80 in the next year. This suggests a possible upside of 55.5% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.

What is the consensus analysts' recommendation for Patterson-UTI Energy?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Patterson-UTI Energy.

Has Patterson-UTI Energy been receiving favorable news coverage?

Press coverage about PTEN stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Patterson-UTI Energy earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned news coverage about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Patterson-UTI Energy.

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 Seventy Seven Energy (SSEIQ), Nabors Industries (NBR), Micron Technology (MU), Energy Transfer LP Unit (ET), Ford Motor (F), Halliburton (HAL), Oasis Petroleum (OAS), Starbucks (SBUX), Cornerstone Total Return Fund (CRF) and Blackstone Group (BX).

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 68)
  • Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 54)
  • Mr. C. Andrew Smith, Exec. VP & CFO (Age 48)
  • Mr. Kenneth N. Berns, Exec. VP & Chief Commercial Officer (Age 59)
  • Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 56)

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 investors include Scout Investments Inc. (1.50%), Sicart Associates LLC (0.32%), Robeco Institutional Asset Management B.V. (0.29%), Cerebellum GP LLC (0.04%), Cerebellum GP LLC (0.04%) and Pacer Advisors Inc. (0.04%). Company insiders that own Patterson-UTI Energy stock include Curtis W Huff, Janeen S Judah, 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 Nisa Investment Advisors LLC, Sicart Associates LLC, Envestnet Asset Management Inc. and Meeder Asset Management Inc.. 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 Scout Investments Inc., Robeco Institutional Asset Management B.V., Cerebellum GP LLC, Cerebellum GP LLC, Pacer Advisors Inc., Zurcher Kantonalbank Zurich Cantonalbank , State of Alaska Department of Revenue and Gateway Investment Advisers 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, Robinhood, Fidelity and Charles Schwab.

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

One share of PTEN stock can currently be purchased for approximately $8.23.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $1.67 billion and generates $3.33 billion in revenue each year. The oil and gas company earns $-321,420,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis. Patterson-UTI Energy employs 8,000 workers across the globe.View Additional Information About Patterson-UTI Energy.

What is Patterson-UTI Energy's official website?

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

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  669 (Vote Outperform)
Underperform Votes:  761 (Vote Underperform)
Total Votes:  1,430
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.
This page was last updated on 10/21/2019 by MarketBeat.com Staff

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