Patterson-UTI Energy, Inc. (PTEN)

Market Cap	3.23B
Revenue (ttm)	5.45B
Net Income (ttm)	124.31M
Shares Out	393.05M
EPS (ttm)	0.33
PE Ratio	25.13
Forward PE	37.21
Dividend	$0.32 (3.89%)
Ex-Dividend Date	Sep 3, 2024

Volume	5,562,368
Open	8.37
Previous Close	8.40
Day's Range	8.22 - 8.55
52-Week Range	7.60 - 15.47
Beta	2.14
Analysts	Buy
Price Target	13.13 (+59.54%)
Earnings Date	Nov 5, 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...

• Industry: Oil & Gas Drilling
• Sector: Energy
• IPO Date: Nov 2, 1993
• Employees: 10,600
• Stock Exchange: NASDAQ
• Ticker Symbol: PTEN
• Website: https://www.patenergy.com

Financial Performance

In 2023, Patterson-UTI Energy'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%.

Analyst Forecast

According to 13 analysts, the average rating for PTEN stock is "Buy." The 12-month stock price forecast is $13.13, which is an increase of 59.54% from the latest price.

Price Target

$13.13

(59.54% upside)

Analyst Consensus: Buy