About Patterson-UTI Energy (NASDAQ:PTEN)
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 two segments: Contract Drilling and Pressure Pumping. The Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2017, this segment had a drilling fleet of 295 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, nitrogen, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. Patterson-UTI Energy, Inc. also manufactures and sells pipe handling components and related technology to drilling contractors 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.
Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNASDAQ:PTEN
CUSIP70348110
Phone281-765-7100
Debt
Debt-to-Equity Ratio0.15%
Current Ratio1.37%
Quick Ratio1.24%
Price-To-Earnings
Trailing P/E Ratio-25.38
Forward P/E Ratio986.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.36 billion
Price / Sales1.86
Cash Flow$2.6844 per share
Price / Cash7.35
Book Value$17.90 per share
Price / Book1.10
Profitability
EPS (Most Recent Fiscal Year)($0.80)
Net Income$5.91 million
Net Margins0.25%
Return on Equity-4.82%
Return on Assets-3.21%
Miscellaneous
Employees8,000
Outstanding Shares222,000,000
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, February 8th. Shareholders of record on Thursday, March 8th will be given a dividend of $0.02 per share on Thursday, March 22nd. This represents a $0.08 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Wednesday, March 7th. View Patterson-UTI Energy's Dividend History.
How were Patterson-UTI Energy's earnings last quarter?
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its earnings results on Thursday, February, 8th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.08) by $0.02. The oil and gas company earned $787.33 million during the quarter, compared to analyst estimates of $764.84 million. Patterson-UTI Energy had a negative return on equity of 4.82% and a net margin of 0.25%. The business's quarterly revenue was up 218.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.53) EPS. View Patterson-UTI Energy's Earnings History.
When is Patterson-UTI Energy's next earnings date?
What price target have analysts set for PTEN?
22 equities research analysts have issued 12 month price targets for Patterson-UTI Energy's stock. Their forecasts range from $21.00 to $35.00. On average, they anticipate Patterson-UTI Energy's stock price to reach $26.1250 in the next twelve months. View Analyst Ratings for Patterson-UTI Energy.
Who are some of Patterson-UTI Energy's key competitors?
Some companies that are related to Patterson-UTI Energy include Helmerich & Payne (HP), Transocean (RIG), Diamond Offshore Drilling (DO), Ensco (ESV), Nabors Industries (NBR), Ocean Rig (ORIG), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Pioneer Energy Services (PES), Seadrill Partners (SDLP), Seadrill (SDRL), Independence Contract (ICD), Parker Drilling (PKD) and Pacific Drilling (PACDQ).
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 67)
- Mr. William Andrew Hendricks Jr., Pres, CEO & Director (Age 53)
- Mr. Kenneth N. Berns CPA, Exec. VP & Chief Commercial Officer (Age 58)
- Mr. James Michael Holcomb, Pres of UTI Drilling Company LLC (Age 55)
- Mr. C. Andrew Smith, Exec. VP. CFO & Principal Accounting Officer (Age 47)
Has Patterson-UTI Energy been receiving favorable news coverage?
News articles about PTEN stock have trended somewhat positive recently, according to Accern Sentiment. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Patterson-UTI Energy earned a coverage optimism score of 0.03 on Accern's scale. They also assigned headlines about the oil and gas company an impact score of 46.99 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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, Scottrade, Fidelity and Charles Schwab.
What is Patterson-UTI Energy's stock price today?
One share of PTEN stock can currently be purchased for approximately $20.30.
How big of a company is Patterson-UTI Energy?
Patterson-UTI Energy has a market capitalization of $4.58 billion and generates $2.36 billion in revenue each year. The oil and gas company earns $5.91 million in net income (profit) each year or ($0.80) on an earnings per share basis. Patterson-UTI Energy employs 8,000 workers across the globe.
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 (PTEN)
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.
Patterson-UTI Energy (NASDAQ:PTEN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
22 Wall Street analysts have issued ratings and price targets for Patterson-UTI Energy in the last 12 months. Their average twelve-month price target is $26.1250, suggesting that the stock has a possible upside of 32.41%. The high price target for PTEN is $35.00 and the low price target for PTEN is $21.00. There are currently 4 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.82 | 2.80 | 2.73 | 2.61 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
18 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
20 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
19 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
11 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $26.1250 | $26.4444 | $27.6842 | $27.00 |
| Price Target Upside: | 32.41% upside | 43.64% upside | 12.08% upside | 38.32% upside |
Patterson-UTI Energy (NASDAQ:PTEN) Consensus Price Target History
Patterson-UTI Energy (NASDAQ:PTEN) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Patterson-UTI Energy (NASDAQ:PTEN) Dividend Information
Patterson-UTI Energy pays an annual dividend of $0.08 per share, with a dividend yield of 0.41%. PTEN's most recent quarterly dividend payment was Thursday, March 22. Patterson-UTI Energy pays out -10.00% of its earnings out as a dividend.
| Most Recent Dividend: | 3/22/2018 |
| Annual Dividend: | $0.08 |
| Dividend Yield: | 0.41% |
| Payout Ratio: | -10.00% (Trailing 12 Months of Earnings)
400.00% (Based on This Year's Estimates)
14.81% (Based on Next Year's Estimates)
|
Patterson-UTI Energy (NASDAQ:PTEN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/8/2018 | quarterly | $0.02 | 0.46% | 3/7/2018 | 3/8/2018 | 3/22/2018 |
| 10/25/2017 | Quarterly | $0.02 | 0.4% | 12/6/2017 | 12/7/2017 | 12/21/2017 |
| 7/27/2017 | quarterly | $0.02 | 0.41% | 9/6/2017 | 9/7/2017 | 9/21/2017 |
| 4/27/2017 | quarterly | $0.02 | 0.36% | 6/6/2017 | 6/8/2017 | 6/22/2017 |
| 2/9/2017 | quarterly | $0.02 | 0.29% | 3/6/2017 | 3/8/2017 | 3/22/2017 |
| 10/27/2016 | quarterly | $0.02 | 0.34% | 12/6/2016 | 12/8/2016 | 12/22/2016 |
| 7/28/2016 | quarterly | $0.02 | 0.41% | 9/6/2016 | 9/8/2016 | 9/22/2016 |
| 4/29/2016 | quarterly | $0.02 | 0.41% | 6/7/2016 | 6/9/2016 | 6/23/2016 |
| 2/4/2016 | quarterly | $0.10 | 3.01% | 3/8/2016 | 3/10/2016 | 3/24/2016 |
| 10/22/2015 | quarterly | $0.10 | 2.7% | 12/8/2015 | 12/10/2015 | 12/24/2015 |
| 7/23/2015 | quarterly | $0.10 | 2.48% | 9/8/2015 | 9/10/2015 | 9/24/2015 |
| 4/23/2015 | quarterly | $0.10 | 1.89% | 6/8/2015 | 6/10/2015 | 6/24/2015 |
| 2/10/2015 | quarterly | $0.10 | 2.38% | 3/9/2015 | 3/11/2015 | 3/25/2015 |
| 10/24/2014 | quarterly | $0.10 | 1.64% | 12/8/2014 | 12/10/2014 | 12/24/2014 |
| 7/24/2014 | quarterly | $0.10 | 1.07% | 9/8/2014 | 9/10/2014 | 9/24/2014 |
| 4/24/2014 | quarterly | $0.10 | 1.24% | 6/10/2014 | 6/12/2014 | 6/26/2014 |
| 2/7/2014 | quarterly | $0.10 | 1.42% | 3/10/2014 | 3/12/2014 | 3/27/2014 |
| 10/24/2013 | quarterly | $0.05 | 0.9% | 12/13/2013 | 12/17/2013 | 12/31/2013 |
| 7/25/2013 | quarterly | $0.05 | 1% | 9/12/2013 | 9/16/2013 | 9/30/2013 |
| 4/25/2013 | quarterly | $0.05 | 0.94% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 2/8/2013 | quarterly | $0.05 | 0.85% | 3/13/2013 | 3/15/2013 | 3/29/2013 |
(Data available from 1/1/2013 forward)
Patterson-UTI Energy (NASDAQ PTEN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.60%
Institutional Ownership Percentage: 99.63%
Patterson-UTI Energy (NASDAQ PTEN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/13/2018 | Terry H Hunt | Director | Sell | 10,000 | $19.46 | $194,600.00 | |  |
| 1/2/2018 | Tiffany J Thom | Director | Sell | 2,574 | $23.08 | $59,407.92 | | |
| 10/29/2014 | Michael W Conlon | Director | Buy | 3,000 | $23.33 | $69,990.00 | | |
| 6/27/2014 | Cloyce A Talbott | Director | Sell | 400,000 | $34.49 | $13,796,000.00 | | |
| 6/12/2014 | Kenneth N Berns | SVP | Sell | 85,000 | $33.62 | $2,857,700.00 | | |
| 6/12/2014 | Mark S Siegel | Chairman | Sell | 340,000 | $33.62 | $11,430,800.00 | | |
| 6/9/2014 | James Michael Holcomb | Insider | Sell | 44,445 | $33.63 | $1,494,685.35 | | |
| 4/29/2014 | Mark Siegel | Chairman | Sell | 225,000 | $32.54 | $7,321,500.00 | 943,883 | |
| 3/7/2014 | Cloyce Talbott | Director | Sell | 120,000 | $29.22 | $3,506,400.00 | 290,476 | |
| 12/20/2013 | Charles Oliver Buckner | Director | Sell | 10,000 | $25.14 | $251,400.00 | 11,000 | |
(Data available from 1/1/2013 forward)
Patterson-UTI Energy (NASDAQ PTEN) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Patterson-UTI Energy (PTEN) Given "Hold" Rating at Cowen
www.americanbankingnews.com - April 19 at 5:18 PM |
| Patterson-UTI Energy (PTEN) Stock Rating Lowered by Societe Generale
www.americanbankingnews.com - April 19 at 10:01 AM |
| $791.98 Million in Sales Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter
www.americanbankingnews.com - April 19 at 1:52 AM |
 | What Analysts Expect from Halliburton’s 1Q18 Earnings
finance.yahoo.com - April 18 at 5:36 PM |
| Patterson-UTI Energy (PTEN) Scheduled to Post Earnings on Wednesday
www.americanbankingnews.com - April 18 at 3:29 AM |
| -$0.09 EPS Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter
www.americanbankingnews.com - April 17 at 11:08 PM |
| Patterson-UTI Energy (PTEN) Downgraded by BidaskClub to Sell
www.americanbankingnews.com - April 15 at 12:34 PM |
| Patterson-UTI Energy's (PTEN) Buy Rating Reiterated at UBS
www.americanbankingnews.com - April 15 at 9:43 AM |
 | BRIEF-Patterson-UTI Energy Says CEO William Hendricks' FY'17 Compensation Was $14.3 Mln
www.reuters.com - April 14 at 5:03 PM |
| Patterson-UTI Energy (PTEN) Lifted to "Sell" at ValuEngine
www.americanbankingnews.com - April 13 at 11:10 PM |
 | Patterson-UTI Energy (PTEN) Shares Cross Above 200 DMA
www.nasdaq.com - April 13 at 5:23 PM |
 | Patterson-UTI upgraded at Cowen on land drilling fundamentals, valuation
seekingalpha.com - April 13 at 5:23 PM |
| Patterson-UTI Energy (PTEN) Upgraded at Cowen
www.americanbankingnews.com - April 13 at 11:03 AM |
| Patterson-UTI Energy CEO's 2017 total compensation more than doubles
finance.yahoo.com - April 13 at 8:35 AM |
| Patterson-UTI Energy (PTEN) Downgraded by BidaskClub
www.americanbankingnews.com - April 12 at 6:14 PM |
| Patterson-UTI Energy (PTEN) Upgraded at Wolfe Research
www.americanbankingnews.com - April 12 at 11:59 AM |
| Patterson-UTI Energy (PTEN) Upgraded by BidaskClub to "Hold"
www.americanbankingnews.com - April 12 at 10:45 AM |
| Edited Transcript of PTEN presentation 7-Mar-17 1:40pm GMT
finance.yahoo.com - April 12 at 8:55 AM |
| JPMorgan Chase Upgrades Patterson-UTI Energy (PTEN) to Overweight
www.americanbankingnews.com - April 9 at 1:19 PM |
| Patterson-UTI Energy (PTEN) Now Covered by Analysts at Deutsche Bank
www.americanbankingnews.com - April 7 at 6:36 PM |
| Patterson-UTI Reports Drilling Activity for March 2018
finance.yahoo.com - April 4 at 8:32 AM |
| Patterson-UTI Energy Announces Appointment of Janeen S. Judah to Board of Directors
finance.yahoo.com - April 3 at 5:25 PM |
| Patterson-UTI Energy (PTEN) Downgraded to Strong Sell at ValuEngine
www.americanbankingnews.com - April 3 at 10:41 AM |
| $794.15 Million in Sales Expected for Patterson-UTI Energy, Inc. (PTEN) This Quarter
www.americanbankingnews.com - April 3 at 4:51 AM |
 | Patterson-UTI Energy Announces $600 Million Credit Agreement
www.prnewswire.com - April 2 at 9:53 PM |
| Patterson-UTI Energy (PTEN) Given a $24.00 Price Target by Piper Jaffray Analysts
www.americanbankingnews.com - April 2 at 3:42 PM |
| Zacks: Brokerages Anticipate Patterson-UTI Energy, Inc. (PTEN) Will Announce Earnings of -$0.08 Per Share
www.americanbankingnews.com - April 1 at 1:24 AM |
| Patterson-UTI Energy, Inc. (PTEN) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - March 31 at 1:36 PM |
| Why Patterson-UTI Energy’s Free Cash Flow Fell in 2017
finance.yahoo.com - March 29 at 5:20 PM |
| BidaskClub Downgrades Patterson-UTI Energy (PTEN) to Sell
www.americanbankingnews.com - March 29 at 11:29 AM |
| 3rd lawsuit filed over fatal Oklahoma gas rig explosion
finance.yahoo.com - March 23 at 8:31 AM |
| Comparing Deep Down (DPDW) and Patterson-UTI Energy (PTEN)
www.americanbankingnews.com - March 19 at 5:18 PM |
| Q4 2018 EPS Estimates for Patterson-UTI Energy, Inc. Raised by Analyst (PTEN)
www.americanbankingnews.com - March 16 at 12:36 PM |
| Patterson-UTI Energy, Inc. (PTEN) Expected to Announce Quarterly Sales of $794.15 Million
www.americanbankingnews.com - March 16 at 1:04 AM |
| Why Patterson-UTI Energy Inc (NASDAQ:PTEN) May Not Be As Efficient As Its Industry
finance.yahoo.com - March 15 at 8:29 AM |
| Zacks: Brokerages Anticipate Patterson-UTI Energy, Inc. (PTEN) to Announce -$0.08 EPS
www.americanbankingnews.com - March 14 at 9:16 PM |
| Terry H. Hunt Sells 10,000 Shares of Patterson-UTI Energy, Inc. (PTEN) Stock
www.americanbankingnews.com - March 14 at 7:49 PM |
| Patterson-UTI Energy (PTEN) Down 12.9% Since Earnings Report: Can It Rebound?
finance.yahoo.com - March 12 at 6:27 PM |
| Patterson-UTI Energy (PTEN) Down 12.9% Since Earnings Report: Can It Rebound? - Nasdaq
www.nasdaq.com - March 12 at 10:28 AM |
| Short Interest in Patterson-UTI Energy, Inc. (PTEN) Rises By 11.8%
www.americanbankingnews.com - March 11 at 1:58 AM |
| Patterson-UTI Energy (PTEN) Shares Cross Above 200 DMA - Nasdaq
www.nasdaq.com - March 10 at 8:33 AM |
| Morning Technical Insight on These Oil & Gas Stocks -- Jagged Peak Energy, Patterson-UTI Energy, Petroleo Brasileiro, and Ring Energy
www.prnewswire.com - March 9 at 6:18 AM |
| Ex-Div Reminder for Patterson-UTI Energy (PTEN) - Nasdaq
www.nasdaq.com - March 7 at 8:30 AM |
| Patterson-UTI Energy, Inc. (PTEN) Ex-Dividend Date Scheduled for March 07, 2018 - Nasdaq
www.nasdaq.com - March 7 at 8:30 AM |
| Patterson-UTI Energy, Inc. (PTEN) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - March 6 at 1:52 PM |
| Precocity Capital LP Has $2.53 Million Holdings in Patterson-UTI Energy, Inc. (PTEN)
www.americanbankingnews.com - March 5 at 3:55 PM |
| TVR Capital Management LP Sells 395,544 Shares of Patterson-UTI Energy, Inc. (PTEN)
www.americanbankingnews.com - March 5 at 2:24 PM |
| Patterson-UTI Energy, Inc. (PTEN) Holdings Boosted by OppenheimerFunds Inc.
www.americanbankingnews.com - March 5 at 10:58 AM |
| Patterson-UTI Reports Drilling Activity for February 2018
finance.yahoo.com - March 5 at 8:32 AM |
| Centenus Global Management LP Invests $9.20 Million in Patterson-UTI Energy, Inc. (PTEN)
www.americanbankingnews.com - March 5 at 5:28 AM |
Patterson-UTI Energy (NASDAQ:PTEN) SEC Filings
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Patterson-UTI Energy (NASDAQ:PTEN) Income Statement, Balance Sheet and Cash Flow Statement
Patterson-UTI Energy (NASDAQ PTEN) Stock Chart for Friday, April, 20, 2018
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