Patterson-UTI Energy, Inc. (PTEN)
Market Cap | 4.76B |
Revenue (ttm) | 4.15B |
Net Income (ttm) | 246.29M |
Shares Out | 408.19M |
EPS (ttm) | 0.88 |
PE Ratio | 13.24 |
Forward PE | 17.09 |
Dividend | $0.32 (2.75%) |
Ex-Dividend Date | Feb 29, 2024 |
Volume | 3,682,649 |
Open | 11.52 |
Previous Close | 11.54 |
Day's Range | 11.43 - 11.75 |
52-Week Range | 9.70 - 16.18 |
Beta | 2.23 |
Analysts | Buy |
Price Target | 16.57 (+42.23%) |
Earnings Date | Apr 24, 2024 |
About PTEN
Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and au... [Read more]
Financial Performance
In 2023, PTEN's revenue was $4.15 billion, an increase of 56.61% compared to the previous year's $2.65 billion. Earnings were $246.29 million, an increase of 59.25%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for PTEN stock is "Buy." The 12-month stock price forecast is $16.57, which is an increase of 42.23% from the latest price.
News
Patterson-UTI Reports Drilling Activity for February 2024
HOUSTON, TX / ACCESSWIRE / March 4, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2024, the Company had an average of 122 drilling rigs operating in the...
Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023
HOUSTON, TX / ACCESSWIRE / February 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2023.
Patterson-UTI Reports Drilling Activity for January 2024
HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2024, the Company had an average of 122 drilling rigs operating in t...
Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / January 19, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 15, 2024, at 9:00 a.m.
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Patterson-UTI Reports Drilling Activity for December 2023
HOUSTON, TX / ACCESSWIRE / January 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2023, the Company had an average of 119 drilling rigs operating in t...
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The 2023 stock-market rally has been led by the “Magnificent Seven” companies, which have driven an accelerating upward trend for the large-cap benchmark S&P 500. Shares of smaller and medium-sized co...
Patterson-UTI Reports Drilling Activity for November 2023
HOUSTON, TX / ACCESSWIRE / December 8, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of November 2023, the Company had an average of 118 drilling rigs operating in ...
Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2023
HOUSTON, TX / ACCESSWIRE / November 7, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2023.
Patterson-UTI Reports Drilling Activity for October 2023
HOUSTON, TX / ACCESSWIRE / November 6, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of October 2023, the Company had an average of 117 drilling rigs operating in t...
Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / October 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Wednesday, November 8, 2023, at 9:00 a.m.
Patterson-UTI Reports Drilling Activity for September 2023
HOUSTON, TX / ACCESSWIRE / October 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2023, the Company had an average of 117 drilling rigs operating in ...
Patterson-UTI Reports Drilling Activity for August 2023
HOUSTON, TX / ACCESSWIRE / September 7, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2023, the Company had an average of 117 drilling rigs operating in t...
Patterson-UTI Energy and NexTier Oilfield Solutions Complete Merger
HOUSTON, TX / ACCESSWIRE / September 1, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") today announced the completion of its previously announced all-stock merger with NexTier Oilfi...
Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals
HOUSTON, TX / ACCESSWIRE / August 30, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced that, at separate spe...
Patterson-UTI Energy to Participate in the Barclays CEO Energy-Power Conference
HOUSTON, TX / ACCESSWIRE / August 29, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that the Company will participate in the Barclays CEO Energy-Power Conference on Tuesday, Septembe...
Patterson-UTI Energy Completes Acquisition of Ulterra Drilling Technologies
HOUSTON, TX / ACCESSWIRE / August 14, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI"), a leading provider of drilling and completions services in the United States, today announced i...
NEXTIER OILFIELD INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of NexTier Oilfield Solutions Inc. - NEX
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of NexTier Oilfield...
Patterson-UTI Reports Drilling Activity for July 2023
HOUSTON, TX / ACCESSWIRE / August 3, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2023, the Company had an average of 123 drilling rigs operating in the Un...
Patterson-UTI and NexTier Oilfield Solutions Announce Expiration of Hart-Scott Rodino Waiting Period for Pending Merger
HOUSTON, TX / ACCESSWIRE / July 28, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced the expiration of the w...
Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2023
HOUSTON, TX / ACCESSWIRE / July 26, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2023.
Patterson-UTI Reports Drilling Activity for June 2023
HOUSTON, TX / ACCESSWIRE / July 6, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of June 2023, the Company had an average of 126 drilling rigs operating in the Unit...
Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra
Ulterra is a Leading Provider of Highly Engineered Polycrystalline Diamond Compact ("PDC") Drill Bits in North America with a Growing International Presence Consideration Comprised of $370 Million of ...