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

Patterson-UTI Energy trades on the NASDAQ under the ticker symbol "PTEN."

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 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 4th. View Patterson-UTI Energy's Dividend History.

Patterson-UTI Energy announced that its board has authorized a stock buyback plan on Thursday, February 7th 2019, which allows the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its quarterly earnings data on Thursday, July, 25th. The oil and gas company reported ($0.17) earnings per share for the quarter, topping 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 analysts' expectations of $670.28 million. Patterson-UTI Energy had a negative return on equity of 2.71% and a negative net margin of 11.64%. The firm's revenue for the quarter was down 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. View Patterson-UTI Energy's Earnings History.

Patterson-UTI Energy is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Patterson-UTI Energy.

Patterson-UTI Energy will be holding an earnings conference call on Thursday, October 24th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

18 brokers have issued 12-month price targets for Patterson-UTI Energy's shares. Their forecasts range from $9.00 to $17.00. On average, they expect Patterson-UTI Energy's stock price to reach $12.80 in the next twelve months. This suggests a possible upside of 64.5% from the stock's current price. View Analyst Price Targets 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, 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Patterson-UTI Energy.

Press coverage about PTEN stock has trended negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Patterson-UTI Energy earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Patterson-UTI Energy.

Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Rowan Companies (RDC), Ensco Rowan (ESV), Seadrill (SDRL), Diamond Offshore Drilling (DO), Baytex Energy (BTE), Nabors Industries (NBR), Oasis Midstream Partners (OMP), Noble (NE), Precision Drilling (PDS), PARKER DRILLING/SH PAR $ (PKD), Pacific Drilling (PACD), Independence Contract Drilling (ICD) and Petroteq Energy (PQEFF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Patterson-UTI Energy investors own include Seventy Seven Energy (SSEIQ), Nabors Industries (NBR), Micron Technology (MU), Energy Transfer LP Unit (ET), Oasis Petroleum (OAS), Starbucks (SBUX), Ford Motor (F), Halliburton (HAL), Cornerstone Total Return Fund (CRF) and CBL & Associates Properties (CBL).

Patterson-UTI Energy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (1.50%), Robeco Institutional Asset Management B.V. (0.29%), Cerebellum GP LLC (0.04%), Cerebellum GP LLC (0.04%), Pacer Advisors Inc. (0.04%) and Gateway Investment Advisers LLC (0.03%). 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.

PTEN stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Meeder Asset Management Inc.. View Insider Buying and Selling for Patterson-UTI Energy.

PTEN stock was acquired by a variety of institutional investors in the last quarter, including Scout Investments Inc., Robeco Institutional Asset Management B.V., Cerebellum GP LLC, Cerebellum GP LLC, Pacer Advisors Inc., State of Alaska Department of Revenue and Gateway Investment Advisers LLC. View Insider Buying and Selling for 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.

One share of PTEN stock can currently be purchased for approximately $7.78.

Patterson-UTI Energy has a market capitalization of $1.58 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.

The official website for Patterson-UTI Energy is http://www.patenergy.com/.

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]