Patterson-UTI Energy, Inc. (PTEN)

NASDAQ: PTEN · Real-Time Price · USD
8.23
-0.17 (-2.02%)
At close: Sep 18, 2024, 4:00 PM
8.29
+0.06 (0.73%)
After-hours: Sep 18, 2024, 7:48 PM EDT
-2.02%
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... [Read more]

Sector Energy
IPO Date Nov 2, 1993
Employees 10,600
Stock Exchange NASDAQ
Ticker Symbol PTEN
Full Company Profile

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%.

Financial Statements

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
Stock Forecasts

News

Patterson-UTI Reports Drilling Activity for August 2024

HOUSTON, TX / ACCESSWIRE / September 9, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2024, the Company had an average of 107 drilling rigs operating in t...

9 days ago - Accesswire

Patterson-UTI Is Cash Flow Positive And Offers Asymmetric Exposure To A Rebound In Natural Gas

Patterson-UTI is cash flow positive despite U.S. oilfield activity being at a cyclical bottom. A rebound in natural gas drilling in 2025 will be a strong call on the company's premium equipment that i...

5 weeks ago - Seeking Alpha

Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar

Commodity cycles require downturns to cool demand and rebalance supply. Without them, spikes in crude oil and natural gas prices may become the norm. Patterson-UTI's valuation is now about the same as...

5 weeks ago - Seeking Alpha

Patterson-UTI Reports Drilling Activity for July 2024

HOUSTON, TX / ACCESSWIRE / August 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2024, the Company had an average of 108 drilling rigs operating in the Un...

6 weeks ago - Accesswire

Patterson-UTI Energy, Inc. (PTEN) Q2 2024 Earnings Call Transcript

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Michael Sabella - VP, IR William Hendricks - President, CEO & Director Andy Sm...

7 weeks ago - Seeking Alpha

Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2024

HOUSTON, TX / ACCESSWIRE / July 24, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2024.

2 months ago - Accesswire

Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast

HOUSTON, TX / ACCESSWIRE / July 15, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m.

2 months ago - Accesswire

Patterson-UTI Reports Drilling Activity for May 2024

HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the Unite...

3 months ago - Accesswire

Patterson-UTI: The Worm Has Turned In Gas

Patterson-UTI Energy has been struggling due to low commodity prices, but improvements in the natural gas market could reverse the trend. The company offers a range of services in the drilling and fra...

4 months ago - Seeking Alpha

Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE

HOUSTON, TX / ACCESSWIRE / May 13, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., h...

4 months ago - Accesswire

Patterson-UTI Reports Drilling Activity for April 2024

HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the Unit...

4 months ago - Accesswire

Patterson-UTI Energy, Inc. (PTEN) Q1 2024 Earnings Call Transcript

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Mike Sabella - VP, IR Andy Hendricks - President, CEO & Director Andy Smith - CF...

4 months ago - Seeking Alpha

Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024

HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024.

5 months ago - Accesswire

Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast

HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m.

5 months ago - Accesswire

Patterson-UTI Reports Drilling Activity for March 2024

HOUSTON, TX / ACCESSWIRE / April 3, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2024, the Company had an average of 120 drilling rigs operating in the Un...

6 months ago - Accesswire

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...

7 months ago - Accesswire

Patterson-UTI Energy, Inc. (PTEN) Q4 2023 Earnings Call Transcript

Patterson-UTI Energy, Inc. (PTEN) Q4 2023 Earnings Call Transcript

7 months ago - Seeking Alpha

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.

7 months ago - Accesswire

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...

8 months ago - Accesswire

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.

8 months ago - Accesswire

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Patterson-UTI Grows With NexTier Merger

Oilfield service company Patterson-UTI's market capitalization is $4.3 billion, and it pays a 3.1% dividend. The company's merger-of-equals with NexTier (55% PTEN/45% NexTier) will enhance cash flow a...

8 months ago - Seeking Alpha

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...

9 months ago - Accesswire

20 favorite small-cap stocks for 2024 among Wall Street analysts

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...

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