S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:PTEN

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

$15.80
+0.01 (+0.06%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$15.55
$16.15
50-Day Range
$14.30
$18.40
52-Week Range
$6.44
$18.77
Volume
2.73 million shs
Average Volume
3.72 million shs
Market Capitalization
$3.42 billion
P/E Ratio
N/A
Dividend Yield
1.01%
Beta
2.38
30 days | 90 days | 365 days | Advanced Chart
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Patterson-UTI Energy logo

About Patterson-UTI Energy

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

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Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
Current Symbol
NASDAQ:PTEN
CUSIP
70348110
Employees
5,000
Year Founded
1978

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$2.21 per share
Book Value
$7.29 per share

Profitability

Net Income
$-654.54 million
Pretax Margin
-38.16%

Debt

Price-To-Earnings

Miscellaneous

Free Float
210,463,000
Market Cap
$3.42 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/17 Dividend
3/02/2022
Dividend Payable
3/17/2022
Last Earnings
4/27/2022
Today
5/22/2022
Ex-Dividend for 6/16 Dividend
6/01/2022
Dividend Payable
6/16/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.08 out of 5 stars

Oils/Energy Sector

141st out of 373 stocks

Drilling Oil & Gas Wells Industry

3rd out of 16 stocks

Analyst Opinion: 1.3Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -













Patterson-UTI Energy (NASDAQ:PTEN) Frequently Asked Questions

Is Patterson-UTI Energy a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patterson-UTI Energy in the last year. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Patterson-UTI Energy stock.
View analyst ratings for Patterson-UTI Energy
or view top-rated stocks.

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

Patterson-UTI Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Patterson-UTI Energy
.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) posted its quarterly earnings data on Wednesday, April, 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.08. The oil and gas company earned $509.80 million during the quarter, compared to analyst estimates of $512.08 million. Patterson-UTI Energy had a negative trailing twelve-month return on equity of 17.74% and a negative net margin of 35.49%. The company's revenue for the quarter was up 111.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.57) earnings per share.
View Patterson-UTI Energy's earnings history
.

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, April 27th. Shareholders of record on Thursday, June 2nd will be given a dividend of $0.04 per share on Thursday, June 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, June 1st.
View Patterson-UTI Energy's dividend history
.

Is Patterson-UTI Energy a good dividend stock?

Patterson-UTI Energy pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.01%.
View Patterson-UTI Energy's dividend history.

What price target have analysts set for PTEN?

9 brokers have issued 1-year price objectives for Patterson-UTI Energy's shares. Their forecasts range from $10.50 to $21.00. On average, they expect Patterson-UTI Energy's share price to reach $15.61 in the next year. This suggests that the stock has a possible downside of 1.2%.
View analysts' price targets for Patterson-UTI Energy
or view top-rated stocks among Wall Street analysts.

Who are Patterson-UTI Energy's key executives?
Patterson-UTI Energy's management team includes the following people:
  • Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 57, Pay $2.57M)
  • Mr. C. Andrew Smith, Exec. VP & CFO (Age 51, Pay $1.16M)
  • Mr. Seth D. Wexler, Sr. VP, Gen. Counsel & Sec. (Age 50, Pay $961.6k)
  • Mr. Kenneth N. Berns CPA, Exec. VP & Chief Commercial Officer (Age 62, Pay $1.15M)
  • Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 59, Pay $941.6k)
  • Mr. James Michael Drickamer, VP of Investor Relations
What is Andy Hendricks' approval rating as Patterson-UTI Energy's CEO?

73 employees have rated Patterson-UTI Energy CEO Andy Hendricks on Glassdoor.com. Andy Hendricks has an approval rating of 79% among Patterson-UTI Energy'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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.40%), Vanguard Group Inc. (11.09%), Van ECK Associates Corp (5.07%), State Street Corp (4.08%), Dimensional Fund Advisors LP (4.07%) and Kahn Brothers Group Inc. (2.69%). Company insiders that own Patterson-UTI Energy stock include Charles Andrew Smith, James Michael Holcomb, Kenneth N Berns, Seth David Wexler and William Andrew Hendricks Jr.
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 JB Investments Management LLC, Fuller & Thaler Asset Management Inc., Russell Investments Group Ltd., Van ECK Associates Corp, Guggenheim Capital LLC, J. Goldman & Co LP, BNP Paribas Arbitrage SA, and Acuitas Investments LLC. Company insiders that have sold Patterson-UTI Energy company stock in the last year include Charles Andrew Smith, James Michael Holcomb, Kenneth N Berns, Seth David Wexler, and William Andrew Hendricks Jr.
View insider buying and selling activity for Patterson-UTI Energy
or view top insider-selling stocks.

Which major investors are buying Patterson-UTI Energy stock?

PTEN stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Vanguard Group Inc., Charles Schwab Investment Management Inc., Wellington Management Group LLP, Bank of New York Mellon Corp, New York State Common Retirement Fund, State Street Corp, and Calamos Advisors LLC.
View insider buying and selling activity for Patterson-UTI Energy
or or view top insider-buying stocks.

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 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 $15.80.

How much money does Patterson-UTI Energy make?

Patterson-UTI Energy has a market capitalization of $3.42 billion and generates $1.36 billion in revenue each year. The oil and gas company earns $-654.54 million in net income (profit) each year or ($2.80) on an earnings per share basis.

How many employees does Patterson-UTI Energy have?

Patterson-UTI Energy employs 5,000 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.

When was Patterson-UTI Energy founded?

Patterson-UTI Energy was founded in 1978.

What is Patterson-UTI Energy's official website?

The official website for Patterson-UTI Energy is 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, via email at [email protected], or via fax at 281-765-7175.

This page was last updated on 5/22/2022 by MarketBeat.com Staff

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