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

$9.67
+0.03 (+0.31 %)
(As of 09/23/2019 06:00 AM ET)
Today's Range
$9.55
Now: $9.67
$9.86
50-Day Range
$7.90
MA: $9.07
$11.00
52-Week Range
$7.87
Now: $9.67
$18.39
Volume2.79 million shs
Average Volume4.24 million shs
Market Capitalization$1.96 billion
P/E RatioN/A
Dividend Yield1.66%
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$4.8593 per share
Book Value$16.12 per share

Profitability

Net Income$-321,420,000.00

Miscellaneous

Employees8,000
Market Cap$1.96 billion
Next Earnings Date10/24/2019 (Estimated)
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. Shareholders 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 annualized dividend and a yield of 1.65%. The ex-dividend date 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 share buyback program on Thursday, February 7th 2019, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) posted its quarterly earnings results on Thursday, July, 25th. The oil and gas company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.04. The oil and gas company had revenue of $675.77 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. 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.

What price target have analysts set for PTEN?

18 equities research analysts have issued twelve-month target prices for Patterson-UTI Energy's stock. Their forecasts range from $9.00 to $21.00. On average, they expect Patterson-UTI Energy's share price to reach $14.4333 in the next year. This suggests a possible upside of 49.3% 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, 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Patterson-UTI Energy.

Has Patterson-UTI Energy been receiving favorable news coverage?

Media stories about PTEN stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Patterson-UTI Energy earned a news impact score of -1.3 on InfoTrie's scale. They also gave media coverage about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Patterson-UTI Energy.

Are investors shorting Patterson-UTI Energy?

Patterson-UTI Energy saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 16,622,000 shares, an increase of 14.5% from the July 31st total of 14,522,600 shares. Based on an average daily trading volume, of 4,250,000 shares, the short-interest ratio is presently 3.9 days. Currently, 8.3% of the shares of the company are sold short. View Patterson-UTI Energy's Current Options Chain.

Who are some of Patterson-UTI Energy's key competitors?

What other stocks do shareholders of Patterson-UTI Energy own?

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 number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.72%), BlackRock Inc. (9.72%), Vanguard Group Inc. (9.46%), JPMorgan Chase & Co. (4.14%), AQR Capital Management LLC (3.32%) and Wells Fargo & Company MN (3.23%). 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 institutional investors are selling Patterson-UTI Energy stock?

PTEN stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, BNP Paribas Arbitrage SA, Van ECK Associates Corp, JPMorgan Chase & Co., D. E. Shaw & Co. Inc., BlackRock Inc., BlackRock Inc. and Scout Investments Inc.. View Insider Buying and Selling for Patterson-UTI Energy.

Which institutional investors are buying Patterson-UTI Energy stock?

PTEN stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Nuveen Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., Prudential PLC, Marshall Wace North America L.P., Bank of New York Mellon Corp, AQR Capital Management LLC and Natixis. 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 $9.67.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $1.96 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:  658 (Vote Outperform)
Underperform Votes:  751 (Vote Underperform)
Total Votes:  1,409
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 9/23/2019 by MarketBeat.com Staff

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