Patterson-UTI Energy Company Profile (NASDAQ:PTEN)

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

Patterson-UTI Energy declared a quarterly dividend on Thursday, July 27th. Investors of record on Thursday, September 7th will be paid a dividend of $0.02 per share on Thursday, September 21st. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date is Wednesday, September 6th. View Patterson-UTI Energy's Dividend History.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) posted its quarterly earnings results on Thursday, July, 27th. The company reported ($0.21) EPS for the quarter, beating the Zacks' consensus estimate of ($0.30) by $0.09. The firm had revenue of $579 million for the quarter, compared to analyst estimates of $556.47 million. Patterson-UTI Energy had a negative return on equity of 10.03% and a negative net margin of 23.78%. The firm's quarterly revenue was up 198.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.58) EPS. View Patterson-UTI Energy's Earnings History.

Patterson-UTI Energy is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Patterson-UTI Energy.

27 brokerages have issued 1 year target prices for Patterson-UTI Energy's shares. Their predictions range from $19.00 to $40.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $27.40 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, "Despite early signs of recovery in North America, the current oilfield environment remains one of the most difficult. With new competitors entering the market and drilling contractors too rattled to make new investment decisions, oilfield machineries and equipment suppliers like Patterson-UTI Energy have seen their pricing fall drastically. As it is, the ongoing weakness in commodity prices – despite the OPEC-driven recovery – has curtailed energy drilling and equipment demand thereby affecting Patterson-UTI’s revenues, earnings and cash flow. Given these headwinds, we see PTEN as a risky bet that ordinary investors should exit." (7/27/2017)
• 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 August. As of August 31st, there was short interest totalling 17,235,056 shares, an increase of 21.1% from the August 15th total of 14,230,435 shares. Based on an average trading volume of 3,897,773 shares, the days-to-cover ratio is currently 4.4 days. Approximately 8.2% of the shares of the stock are short sold.

Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Nabors Industries (NBR), Diamond Offshore Drilling (DO), Ensco Plc (ESV), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), MAMMOOTH ENERGY (TUSK), Atwood Oceanics (ATW), Seadrill Ltd (SDRL), Pioneer Energy Services Corp. (PES), Seadrill Limited (SDRL), Parker Drilling Company (PKD), 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 a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.16%), BlackRock Inc. (9.78%), Van ECK Associates Corp (5.79%), Dimensional Fund Advisors LP (5.53%), JPMorgan Chase & Co. (4.77%) and Jennison Associates LLC (3.20%). 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, Royal Bank of Canada, Wedge Capital Management L L P NC, Jennison Associates LLC, Energy Opportunities Capital Management LLC, Great West Life Assurance Co. Can, NN Investment Partners Holdings N.V. and New York State Common Retirement Fund. View Insider Buying and Selling for Patterson-UTI Energy.

Patterson-UTI Energy's stock was bought by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Vanguard Group Inc., Axar Capital Management L.P., JPMorgan Chase & Co., BlackRock Inc., Strs Ohio, Ameriprise Financial Inc. and Bank of New York Mellon Corp. 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 $19.53.