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Patterson-UTI Energy, Inc. (PTEN)

NASDAQ: PTEN · IEX Real-Time Price · USD
9.45 0.31 (3.39%)
Oct 25, 2021 4:00 PM EDT - Market closed
Market Cap2.03B
Revenue (ttm)960.65M
Net Income (ttm)-428.36M
Shares Out188.41M
EPS (ttm)-2.28
PE Ration/a
Forward PEn/a
Dividend$0.08 (0.85%)
Ex-Dividend DateSep 1, 2021
Volume4,144,860
Open9.37
Previous Close9.14
Day's Range9.23 - 9.63
52-Week Range2.35 - 11.24
Beta3.08
AnalystsHold
Price Target10.25 (+8.5%)
Est. Earnings DateOct 28, 2021

About PTEN

Patterson-UTI Energy, Inc., 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 Services 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, O...

IndustryEnergy Equipment & Services
IPO DateNov 2, 1993
Employees3,000
Stock ExchangeNASDAQ
Ticker SymbolPTEN
Full Company Profile

Financial Performance

In 2020, PTEN's revenue was $1.12 billion, a decrease of -54.50% compared to the previous year's $2.47 billion. Losses were -$803.69 million, 88.8% more than in 2019.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for PTEN stock is "Hold." The 12-month stock price forecast is 10.25, which is an increase of 8.47% from the latest price.

Price Target
$10.25
(8.47% upside)
Analyst Consensus: Hold

News

Will Patterson-UTI (PTEN) Report Negative Earnings Next Week? What You Should Know

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.

4 days ago - Zacks Investment Research

Patterson-UTI and Corva Announce Strategic Data Analytics and Visualization Collaboration

HOUSTON, Oct. 21, 2021 /PRNewswire/ -- Corva, the leader in real time drilling and completions analytics, and Patterson-UTI Energy, Inc. (NASDAQ: PTEN), a leading provider of drilling and completion ser...

4 days ago - PRNewsWire

Pioneer Energy Services Announces the Accelerated Mandatory Conversion of 5.00% Convertible Senior Unsecured PIK Note...

HOUSTON, Oct. 8, 2021 /PRNewswire/ -- Pioneer Energy Services LLC (the "Company" or "Pioneer"), the successor to Pioneer Energy Services Corp. ("PES") and a wholly owned subsidiary of Patterson-UTI Ener...

2 weeks ago - PRNewsWire

Patterson-UTI (PTEN) Is Up 9.51% in One Week: What You Should Know

Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.

2 weeks ago - Zacks Investment Research

Patterson-UTI (PTEN) Closes Buyout Deal With Pioneer Energy

With the Pioneer buyout, Patterson-UTI (PTEN) owns 166 super-spec rigs in the United States with nearly half the specimens being outfitted with alternative power sources to curb toxic emissions.

2 weeks ago - Zacks Investment Research

Patterson-UTI Reports Drilling Activity for September 2021

HOUSTON, Oct. 5, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of September 2021, the Company had an average of 83 drilling rigs operating.

2 weeks ago - PRNewsWire

Patterson-UTI Completes Acquisition of Pioneer Energy Services

HOUSTON, Oct. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it has closed its previously announced acquisition of Pioneer Energy Services Corp.  Total considerat...

3 weeks ago - PRNewsWire

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

HOUSTON, Sept. 24, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.

1 month ago - PRNewsWire

Why Investors Should Focus on These 4 Oil & Gas Drilling Stocks

Sound cost control and stronger operating efficiencies should enable the Zacks Oil and Gas - Drilling industry operators like Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI Energy (PTEN) and Na...

Other symbols:CVXHPNBROVVRIGXOM
1 month ago - Zacks Investment Research

Patterson-UTI Reports Drilling Activity for August 2021

HOUSTON, Sept. 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.

1 month ago - PRNewsWire

Patterson-UTI (PTEN) Stock Down 9.4% Since Q2 Earnings Release

In second-quarter 2021, Patterson-UTI (PTEN) spends $38.1 million on capital programs compared with $49.7 million invested a year ago.

2 months ago - Zacks Investment Research

Patterson-UTI Reports Drilling Activity for July 2021

HOUSTON, Aug. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of July 2021, the Company had an average of 78 drilling rigs operating.

2 months ago - PRNewsWire

Patterson-UTI (PTEN) Reports Q2 Loss, Lags Revenue Estimates

Patterson-UTI (PTEN) delivered earnings and revenue surprises of -3.85% and -1.00%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Patterson-UTI Energy Reports Financial Results for the Three and Six Months Ended June 30, 2021

HOUSTON, July 29, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2021.

2 months ago - PRNewsWire

Will Patterson-UTI (PTEN) Report Negative Earnings Next Week? What You Should Know

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.

3 months ago - Zacks Investment Research

Patterson-UTI (PTEN) Inks Acquisition Deal With Pioneer Energy

With the Pioneer buyout, Patterson-UTI (PTEN) will own 166 super-spec rigs in the United States with nearly half the specimens being outfitted with alternative power sources to curb toxic emissions.

3 months ago - Zacks Investment Research

Patterson-UTI Energy Announces Agreement to Acquire Pioneer Energy Services

HOUSTON, July 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that it has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 milli...

3 months ago - PRNewsWire

Patterson-UTI Reports Drilling Activity for June 2021

HOUSTON, July 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2021, the Company had an average of 75 drilling rigs operating.

3 months ago - PRNewsWire

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

HOUSTON, June 28, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 29, 2021, at 9:00 a.m.

3 months ago - PRNewsWire

Accenture, Carvana, Five Below, Plug Power and More Wednesday Afternoon Analyst Research Calls

Stocks are mixed halfway through the Wednesday trading session as investors considered conflicting comments from Federal Reserve officials recently regarding continued loose monetary policy.

4 months ago - 24/7 Wall Street

Patterson-UTI CEO Andy Hendricks on oil rig operations over the past year

Andy Hendricks, CEO of oil rig operator Patterson-UTI, joins Worldwide Exchange to discuss his company's operations during the pandemic, energy demand, and more.

4 months ago - CNBC Television

Patterson-UTI (PTEN) Moves 10.9% Higher: Will This Strength Last?

Patterson-UTI (PTEN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the...

4 months ago - Zacks Investment Research

Patterson-UTI Reports Drilling Activity for May 2021

HOUSTON, June 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2021, the Company had an average of 72 drilling rigs operating.

4 months ago - PRNewsWire

Best Energy ETFs & Stocks of Last Week

We have highlighted five ETFs & stocks that were at the forefront of the energy sector rally last week.

5 months ago - Zacks Investment Research

Investors Rotate into Small Cap Energy… Stocks to Watch

The commodity space is picking up momentum as growth picks up in the developed world while stimulus and liquidity hang around with no signs of the punch bowl being taken away by policy makers any time s...

Other symbols:CPEHPSM
5 months ago - OTC PR Wire