Patterson-UTI Energy, Inc. (PTEN)

Market Cap	3.31B
Revenue (ttm)	5.80B
Net Income (ttm)	-854.50M
Shares Out	389.96M
EPS (ttm)	-2.11
PE Ratio	n/a
Forward PE	n/a
Dividend	$0.32 (3.77%)
Ex-Dividend Date	Dec 2, 2024

Volume	8,626,173
Open	8.59
Previous Close	8.42
Day's Range	8.45 - 8.69
52-Week Range	7.15 - 12.65
Beta	2.10
Analysts	Buy
Price Target	11.96 (+40.71%)
Earnings Date	Feb 12, 2025

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 $11.96, which is an increase of 40.71% from the latest price.

Price Target

$11.96

(40.71% upside)

Analyst Consensus: Buy