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, April 27th. Investors of record on Thursday, June 8th will be paid a dividend of $0.02 per share on Thursday, June 22nd. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, June 6th. View Patterson-UTI Energy's Dividend History.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its quarterly earnings results on Thursday, April, 27th. The company reported ($0.42) EPS for the quarter, beating the Zacks' consensus estimate of ($0.44) by $0.02. The business earned $305.20 million during the quarter, compared to the consensus estimate of $294.82 million. Patterson-UTI Energy had a negative net margin of 32.74% and a negative return on equity of 13.10%. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.48) EPS. View Patterson-UTI Energy's Earnings History.

29 analysts have issued 1-year price objectives for Patterson-UTI Energy's shares. Their forecasts range from $14.00 to $40.00. On average, they anticipate Patterson-UTI Energy's share price to reach $27.15 in the next year. 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, "Patterson-UTI shares has been comfortably outperforming the Zacks categorized 'Oil & Gas Drilling' industry over the past 1 year. The company's large, high-quality fleet of drilling rigs – especially the technologically advanced ‘Apex’ ones – are the key to its success. We believe Patterson-UTI's acquisition of smaller rival Seventy Seven Energy will bolster its scale and customer base, while helping to enhance its geographic footprint to most active basins in the U.S. Moreover, with the significant advancement of crude oil from their 12-year lows reached in last February, producers are likely to revive spending on drilling activities that would spur rig count. This, in turn, will result in improved demand for oilfield equipments, thereby driving PattersonUTI's revenues, earnings and cash flow." (4/27/2017)
• 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)

Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Nabors Industries (NBR), Ensco Plc (ESV), Diamond Offshore Drilling (DO), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), Atwood Oceanics (ATW), Mammooth Energy (TUSK), Seadrill Limited (SDRL), Seadrill Ltd (SDRL), Pioneer Energy Services Corp. (PES), 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 many different of retail and institutional investors. Top institutional investors include Sprott Inc. (0.27%), Viking Fund Management LLC (0.27%), Gateway Investment Advisers LLC (0.24%), Bank of Montreal Can (0.24%), Capital One National Association (0.13%) and NN Investment Partners Holdings N.V. (0.06%). 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 NN Investment Partners Holdings N.V., Capital One National Association, Eqis Capital Management Inc., Leavell Investment Management Inc., Aperio Group LLC and Dalton Greiner Hartman Maher & Co.. View Insider Buying and Selling for Patterson-UTI Energy.

Patterson-UTI Energy's stock was purchased by a variety of institutional investors in the last quarter, including Sprott Inc., Creative Planning, Fox Run Management L.L.C., Gateway Investment Advisers LLC, Bank of Montreal Can, US Bancorp DE, LS Investment Advisors LLC and Oregon Public Employees Retirement Fund. 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 $19.75.