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

$8.49
-0.46 (-5.14 %)
(As of 01/24/2020 04:00 PM ET)
Today's Range
$8.18
Now: $8.49
$8.98
50-Day Range
$8.49
MA: $10.12
$10.94
52-Week Range
$7.67
Now: $8.49
$16.27
Volume6.47 million shs
Average Volume2.59 million shs
Market Capitalization$1.65 billion
P/E RatioN/A
Dividend Yield1.79%
Beta1.69
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$4.59 per share
Book Value$16.12 per share

Profitability

Net Income$-321,420,000.00

Miscellaneous

Employees8,000
Market Cap$1.65 billion
Next Earnings Date2/6/2020 (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, October 24th. Investors of record on Thursday, December 5th will be paid a dividend of $0.04 per share on Thursday, December 19th. This represents a $0.16 annualized dividend and a yield of 1.88%. The ex-dividend date is Wednesday, December 4th. View Patterson-UTI Energy's Dividend History.

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

Patterson-UTI Energy announced that its board has authorized a stock buyback program on Thursday, February 7th 2019, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are usually 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) issued its quarterly earnings results on Thursday, October, 24th. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.03. The oil and gas company earned $598.50 million during the quarter, compared to analysts' expectations of $604.66 million. Patterson-UTI Energy had a negative net margin of 19.50% and a negative return on equity of 3.85%. The firm's revenue was down 31.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) 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, February 6th 2020. 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, February 6th 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?

20 brokerages have issued twelve-month price targets for Patterson-UTI Energy's shares. Their forecasts range from $6.00 to $17.00. On average, they anticipate Patterson-UTI Energy's share price to reach $10.87 in the next twelve months. This suggests a possible upside of 28.0% from the stock's current price. View Analyst Price Targets for Patterson-UTI Energy.

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

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 7 sell ratings, 6 hold ratings and 7 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 very negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Patterson-UTI Energy earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Patterson-UTI Energy.

Are investors shorting Patterson-UTI Energy?

Patterson-UTI Energy saw a drop in short interest during the month of December. As of December 13th, there was short interest totalling 17,710,000 shares, a drop of 8.3% from the November 28th total of 19,320,000 shares. Based on an average daily trading volume, of 4,020,000 shares, the days-to-cover ratio is currently 4.4 days. Approximately 9.3% of the company's stock are short sold. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson-UTI Energy investors own include Energy Transfer LP Unit (ET), Nabors Industries (NBR), Ford Motor (F), Enterprise Products Partners (EPD), Halliburton (HAL), Oasis Petroleum (OAS), AT&T (T), Seventy Seven Energy (SSEIQ), Micron Technology (MU) and Starbucks (SBUX).

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 institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.97%), New York State Teachers Retirement System (0.14%), Zeke Capital Advisors LLC (0.05%), State of Michigan Retirement System (0.03%), Louisiana State Employees Retirement System (0.02%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own Patterson-UTI Energy stock include Curtis W Huff, Janeen S Judah and Terry H Hunt. 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 Scout Investments Inc., Zurcher Kantonalbank Zurich Cantonalbank , Wedge Capital Management L L P NC, State of Alaska Department of Revenue, CWM Advisors LLC, Nisa Investment Advisors LLC, Louisiana State Employees Retirement System and State of Michigan Retirement System. Company insiders that have sold Patterson-UTI Energy company stock in the last year include Janeen S Judah and Terry H Hunt. View Insider Buying and Selling for Patterson-UTI Energy.

Which major investors are buying Patterson-UTI Energy stock?

PTEN stock was bought by a variety of institutional investors in the last quarter, including Zeke Capital Advisors LLC, New York State Teachers Retirement System and Steward Partners Investment Advisory 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 $8.49.

How big of a company is Patterson-UTI Energy?

Patterson-UTI Energy has a market capitalization of $1.65 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:  2.4 out of 5 (star star)
Outperform Votes:  710 (Vote Outperform)
Underperform Votes:  797 (Vote Underperform)
Total Votes:  1,507
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 1/25/2020 by MarketBeat.com Staff

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