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S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Modern Day Options Trading For Beginners! (Ad)pixel
Factory or farm? Oregon may alter land use for chipmakers
Travel disruption hits Germany on eve of transport strike
Modern Day Options Trading For Beginners! (Ad)pixel
Adele extends Las Vegas residency, plans concert film
Berlin climate proposal fails to get enough yes votes to win
"Prepare for Five Years of Famine" (Ad)
Union Pacific 2nd railroad to drop push for one-person crews
Philadelphia residents warned about chemical spill in river
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Modern Day Options Trading For Beginners! (Ad)pixel
Factory or farm? Oregon may alter land use for chipmakers
Travel disruption hits Germany on eve of transport strike
Modern Day Options Trading For Beginners! (Ad)pixel
Adele extends Las Vegas residency, plans concert film
Berlin climate proposal fails to get enough yes votes to win
"Prepare for Five Years of Famine" (Ad)
Union Pacific 2nd railroad to drop push for one-person crews
Philadelphia residents warned about chemical spill in river
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
Ukraine demands emergency UN meeting over Putin nuclear plan
Modern Day Options Trading For Beginners! (Ad)pixel
Factory or farm? Oregon may alter land use for chipmakers
Travel disruption hits Germany on eve of transport strike
Modern Day Options Trading For Beginners! (Ad)pixel
Adele extends Las Vegas residency, plans concert film
Berlin climate proposal fails to get enough yes votes to win
"Prepare for Five Years of Famine" (Ad)
Union Pacific 2nd railroad to drop push for one-person crews
Philadelphia residents warned about chemical spill in river
NASDAQ:PTEN

Patterson-UTI Energy - PTEN Stock Forecast, Price & News

$10.83
+0.13 (+1.21%)
(As of 03/24/2023 08:51 PM ET)
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Compare
Today's Range
$10.40
$10.99
50-Day Range
$10.70
$17.37
52-Week Range
$10.40
$20.53
Volume
3.17 million shs
Average Volume
3.59 million shs
Market Capitalization
$2.31 billion
P/E Ratio
15.25
Dividend Yield
2.95%
Price Target
$21.05

Patterson-UTI Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
94.4% Upside
$21.05 Price Target
Short Interest
Healthy
7.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.95
Upright™ Environmental Score
News Sentiment
1.02mentions of Patterson-UTI Energy in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
25.68%
From $1.83 to $2.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.16 out of 5 stars

Oils/Energy Sector

19th out of 242 stocks

Drilling Oil & Gas Wells Industry

1st out of 10 stocks


PTEN stock logo

About Patterson-UTI Energy (NASDAQ:PTEN) Stock

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 oil and natural gas operators in the United States and Colombia. The Pressure Pumping Services segment offers pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment consists of 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.

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PTEN Stock News Headlines

Helmerich & Payne Stock, A Lot More Upside Than Meets the Eye (PTEN)
Massive investor benefits coming to HP, along with a revised prediction for higher oil prices pushing further alpha in the stock's target price.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Susquehanna Reaffirms Their Buy Rating on Patterson-UTI (PTEN)
Patterson-UTI's (PTEN) Q4 Earnings & Sales Beat Estimates
Patterson-UTI Energy's Services Are In Good Demand
Earnings Preview For Patterson-UTI Energy
See More Headlines
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PTEN Company Calendar

Last Earnings
2/08/2023
Ex-Dividend for 3/16 Dividend
3/01/2023
Dividend Payable
3/16/2023
Today
3/27/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
Current Symbol
NASDAQ:PTEN
CUSIP
70348110
Employees
6,500
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$21.05
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$13.50
Forecasted Upside/Downside
+94.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$154.66 million
Pretax Margin
6.34%

Debt

Sales & Book Value

Annual Sales
$2.65 billion
Cash Flow
$2.90 per share
Book Value
$7.68 per share

Miscellaneous

Free Float
207,887,000
Market Cap
$2.31 billion
Optionable
Optionable
Beta
2.30

Social Links


Key Executives

  • Andy Hendricks
    President, Chief Executive Officer & Director
  • James M. Holcomb
    Chief Operating Officer
  • C. Andrew Smith
    Chief Financial Officer & Executive Vice President
  • Kenneth Neil BernsKenneth Neil Berns
    Chief Commercial Officer & Executive VP
  • Seth David WexlerSeth David Wexler
    Secretary, Senior VP & General Counsel













PTEN Stock - Frequently Asked Questions

Should I buy or sell Patterson-UTI Energy stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 6 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PTEN shares.
View PTEN analyst ratings
or view top-rated stocks.

What is Patterson-UTI Energy's stock price forecast for 2023?

12 Wall Street research analysts have issued twelve-month price targets for Patterson-UTI Energy's stock. Their PTEN share price forecasts range from $13.50 to $26.00. On average, they expect the company's stock price to reach $21.05 in the next year. This suggests a possible upside of 94.4% from the stock's current price.
View analysts price targets for PTEN
or view top-rated stocks among Wall Street analysts.

How have PTEN shares performed in 2023?

Patterson-UTI Energy's stock was trading at $16.84 at the beginning of 2023. Since then, PTEN stock has decreased by 35.7% and is now trading at $10.83.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our PTEN earnings forecast
.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) posted its earnings results on Wednesday, February, 8th. The oil and gas company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The oil and gas company earned $788.50 million during the quarter, compared to the consensus estimate of $758.68 million. Patterson-UTI Energy had a net margin of 5.84% and a trailing twelve-month return on equity of 8.87%. The company's revenue for the quarter was up 69.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) EPS.

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 Wednesday, February 8th. Shareholders of record on Thursday, March 2nd will be given a dividend of $0.08 per share on Thursday, March 16th. This represents a $0.32 annualized dividend and a yield of 2.95%. The ex-dividend date is Wednesday, March 1st.
Read our dividend analysis for PTEN
.

Is Patterson-UTI Energy a good dividend stock?

Patterson-UTI Energy (NASDAQ:PTEN) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.99%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PTEN will have a dividend payout ratio of 13.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PTEN.

What is Andy Hendricks' approval rating as Patterson-UTI Energy's CEO?

73 employees have rated Patterson-UTI Energy Chief Executive Officer Andy Hendricks on Glassdoor.com. Andy Hendricks has an approval rating of 79% among the company'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), Oasis Petroleum (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 investors include Macquarie Group Ltd. (6.76%), Dimensional Fund Advisors LP (4.13%), Van ECK Associates Corp (3.05%), Allspring Global Investments Holdings LLC (2.98%), Anomaly Capital Management LP (2.61%) and Alliancebernstein L.P. (2.27%). Insiders that own company stock include Charles Andrew Smith, James Michael Holcomb, Kenneth N Berns, Seth David Wexler and William Andrew Hendricks Jr.
View institutional ownership trends
.

How do I buy shares of Patterson-UTI Energy?

Shares of PTEN stock 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 $10.83.

How much money does Patterson-UTI Energy make?

Patterson-UTI Energy (NASDAQ:PTEN) has a market capitalization of $2.31 billion and generates $2.65 billion in revenue each year. The oil and gas company earns $154.66 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does Patterson-UTI Energy have?

The company employs 6,500 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.
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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 official website for the company is www.patenergy.com. The oil and gas company can be reached via phone at (281) 765-7100, via email at investor.relations@patenergy.com, or via fax at 281-765-7175.

This page (NASDAQ:PTEN) was last updated on 3/27/2023 by MarketBeat.com Staff