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Patterson-UTI Energy, Inc. (PTEN)

Stock Price: $5.96 USD -0.66 (-9.97%)
Updated Jan 21, 2021 4:00 PM EST - Market closed
Pre-market: $5.73 -0.23 (-3.86%) Jan 22, 8:31 AM
Market Cap 1.12B
Revenue (ttm) 1.40B
Net Income (ttm) -783.09M
Shares Out 187.28M
EPS (ttm) -4.13
PE Ratio n/a
Forward PE n/a
Dividend $0.08
Dividend Yield 1.34%
Trading Day January 21
Last Price $5.96
Previous Close $6.62
Change ($) -0.66
Change (%) -9.97%
Day's Open 6.54
Day's Range 5.91 - 6.60
Day's Volume 2,172,979
52-Week Range 1.68 - 8.31

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The Motley Fool - 1 week ago

It looks like there's been a major shift in investor sentiment. There's the easy story and the longer one.

Other stocks mentioned: GLOG, OII, OXY
Forbes - 1 week ago

Stocks failed to recover Monday's losses and continue to cool off after hitting record highs last week. For investors looking to make the most of this market, the deep learning algorithms at Q...

Other stocks mentioned: ADBE, KDP, UI, WING
PRNewsWire - 2 weeks ago

HOUSTON, Jan. 7, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, February 4, 2021, at 9:00 a.m. Central Time to discuss results for the ...

PRNewsWire - 2 weeks ago

HOUSTON, Jan. 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2020, the Company had an average of 64 drilling rigs operating. Fo...

Zacks Investment Research - 4 weeks ago

4 Oil & Gas Drilling Stocks to Withstand Industry Turmoil

Other stocks mentioned: HP, NBR, RIG
InvestorPlace - 1 month ago

Small-cap stocks can be value creators in 2021. Here are seven with strong fundamentals and positive industry tailwinds.

Other stocks mentioned: ACB, AR, FRO, LWAY, NLS, TTCF
PRNewsWire - 1 month ago

HOUSTON, Dec. 3, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of November 2020, the Company had an average of 61 drilling rigs operating. Fo...

The Motley Fool - 1 month ago

It was a big day for a lot of very different energy companies. Here's a quick look at why investors bid this group higher.

Other stocks mentioned: CPE, KOS, OXY
Zacks Investment Research - 2 months ago

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?

PRNewsWire - 2 months ago

HOUSTON, Nov. 4, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of October 2020, the Company had an average of 61 drilling rigs operating. Ave...

Zacks Investment Research - 2 months ago

Patterson-UTI's (PTEN) capital expenditure decreases to $13.4 million in Q3 from $68 million in the third quarter of 2019.

Benzinga - 2 months ago

Democratic presidential nominee Joe Biden and incumbent Republican President Donald Trump have very different stances on the energy sector. Biden favors clean energy and a shift to renewables,...

Other stocks mentioned: ACES, ARRY, ET, HP, NEE, SMOG, TAN, TRP, XOM
Seeking Alpha - 2 months ago

Patterson-UTI Energy, Inc. (PTEN) CEO Andy Hendricks on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 1.64% and 4.30%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 3 months ago

Shares of Patterson-UTI Energy (NASDAQ:PTEN) rose 2.7% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 122.22% year over year to ($0.60),...

PRNewsWire - 3 months ago

HOUSTON, Oct. 22, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and nine months ended September 30, 2020. The Company reported a...

Zacks Investment Research - 3 months ago

Patterson-UTI's (PTEN) Contract Drilling and Pressure Pumping segments are likely to have underperformed in the third quarter.

The Motley Fool - 3 months ago

Low crude prices and soft demand have crushed the bottom lines of these energy industry service providers.

Other stocks mentioned: FANG, NOV
Zacks Investment Research - 3 months ago

Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 3 months ago

Third-quarter results of the energy stocks are likely to reflect the recovery in prices. This improving trend should aid operators like PE, MUSA, PTEN and SOI.

Other stocks mentioned: MUSA, PE, SOI
PRNewsWire - 3 months ago

HOUSTON, Oct. 5, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of September 2020, the Company had an average of 60 drilling rigs operating. F...

PRNewsWire - 3 months ago

HOUSTON, Sept. 23, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, October 22, 2020, at 9:00 a.m. Central Time to discuss results for th...

The Motley Fool - 4 months ago

The demand recovery seems to have stalled out.

Other stocks mentioned: PE
PRNewsWire - 4 months ago

HOUSTON, Sept. 4, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.

PRNewsWire - 4 months ago

HOUSTON, Sept. 1, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.

Zacks Investment Research - 4 months ago

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?

PRNewsWire - 5 months ago

HOUSTON, Aug. 5, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.

Zacks Investment Research - 5 months ago

Patterson-UTI's (PTEN) key Contract Drilling segment saw its average rig margin per day improve 10.9% year over year to $11,280 in the second quarter.

Seeking Alpha - 5 months ago

Patterson-UTI Energy, Inc. (PTEN) CEO Andy Hendricks on Q2 2020 Results - Earnings Call Transcript

The Motley Fool - 5 months ago

Investors reacted positively to a pretty rough earnings number, likely taking a "it could have been worse" stance.

Zacks Investment Research - 5 months ago

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 3.45% and 7.99%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 5 months ago

Shares of Patterson-UTI Energy (NASDAQ:PTEN) moved higher by 2.6% in pre-market trading after the company reported Q2 results.

PRNewsWire - 5 months ago

HOUSTON, July 23, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2020.

Zacks Investment Research - 6 months ago

Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire - 6 months ago

HOUSTON, July 7, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2020, the Company had an average of 65 drilling rigs operating. For th...

The Motley Fool - 6 months ago

Anything related to oil was hard hit today. Here's why the lumps these energy services providers took could linger.

Other stocks mentioned: BORR, NBR
Zacks Investment Research - 7 months ago

Investors need to pay close attention to Patterson-UTI (PTEN) stock based on the movements in the options market lately.

The Motley Fool - 7 months ago

Oil drilling stocks are absolutely crushing it today, and could be getting way ahead of the fundamentals of the oil patch.

Other stocks mentioned: BHGE, ESV, NBR, NE, RIG, SDRL
The Motley Fool - 7 months ago

Rising oil prices, positive jobs data, and expectations OPEC+ will extend production cuts have investors betting that the worst is over.

Other stocks mentioned: HP, NBR, RIG, SDRL, SPY, VLRS
PRNewsWire - 7 months ago

HOUSTON, June 3, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2020, the Company had an average of 80 drilling rigs operating. For the...

The Motley Fool - 7 months ago

Oil prices have rebounded from their lows, but these companies are still likely to underperform.

Other stocks mentioned: HAL, OXY, USO
Zacks Investment Research - 7 months ago

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?

The Motley Fool - 8 months ago

Oil prices rose and so did shares of energy services companies, as investors hope the worst is over in the oil patch.

Other stocks mentioned: HAL, SLB
The Motley Fool - 8 months ago

The U.S. oil industry is in bad shape.

Other stocks mentioned: CDEV, NBR, SPY, TELL
The Motley Fool - 8 months ago

Crude oil prices are heading higher today, which was one of several catalysts fueling oil stocks.

Other stocks mentioned: CLB, GPOR, MUR, PBF
Seeking Alpha - 8 months ago

Patterson-UTI Energy Will Use Its Financial Resources To Slip Out Of The Trouble

The Motley Fool - 8 months ago

Patterson-UTI has been buoyed by rising oil prices, but as investors digest its earnings news, the outlook is clearly still cloudy.

Zacks Investment Research - 8 months ago

With drilling activity set to decline significantly, Patterson-UTI (PTEN) expects to run just four frack fleets in the second quarter.

CNBC Television - 8 months ago

Watch CNBC's interview with Patterson-UTI CEO

Andy Hendricks, Patterson-UTI Energy CEO joins 'Power Lunch' to discuss the company's quarterly earnings and the state of the oil industry.

The Motley Fool - 8 months ago

Investors seem to be overlooking the impact low oil prices are having on oil-field service stocks.

Other stocks mentioned: PUMP, NEX

About PTEN

Patterson-UTI Energy, through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virgi... [Read more...]

Industry
Oil & Gas Drilling
IPO Date
Nov 2, 1993
CEO
William Andrew Hendricks Jr.
Employees
5,800
Stock Exchange
NASDAQ
Ticker Symbol
PTEN
Full Company Profile

Financial Performance

In 2019, PTEN's revenue was $2.47 billion, a decrease of -25.74% compared to the previous year's $3.33 billion. Losses were -$425.70 million, 32.4% more than in 2018.

Financial Statements

Analyst Forecasts

According to 18 analysts, the average rating for PTEN stock is "Hold." The 12-month stock price forecast is 5.83, which is a decrease of -2.18% from the latest price.

Price Target
$5.83
(-2.18% downside)
Analyst Consensus: Hold