Patterson-UTI Energy, Inc. (PTEN)

NASDAQ: PTEN · IEX Real-Time Price · USD
11.39
+0.28 (2.52%)
At close: Sep 27, 2022 4:00 PM
10.90
-0.49 (-4.30%)
After-hours: Sep 27, 2022 5:37 PM EDT
2.52%
Market Cap 2.47B
Revenue (ttm) 1.96B
Net Income (ttm) -451.71M
Shares Out 216.82M
EPS (ttm) -2.86
PE Ratio n/a
Forward PE 13.16
Dividend $0.14 (1.23%)
Ex-Dividend Date Aug 31, 2022
Volume 2,474,187
Open 11.47
Previous Close 11.11
Day's Range 11.11 - 11.74
52-Week Range 6.71 - 20.53
Beta 2.27
Analysts Buy
Price Target 21.85 (+91.8%)
Earnings Date Oct 26, 2022

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 internationally. 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, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable l... [Read more...]

Industry Energy Equipment & Services
IPO Date Nov 2, 1993
Employees 5,000
Stock Exchange NASDAQ
Ticker Symbol PTEN
Full Company Profile

Financial Performance

In 2021, PTEN's revenue was $1.36 billion, an increase of 20.71% compared to the previous year's $1.12 billion. Losses were -$654.55 million, -18.56% less than in 2020.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for PTEN stock is "Buy." The 12-month stock price forecast is 21.85, which is an increase of 91.83% from the latest price.

Price Target
$21.85
(91.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

3 Best Stocks to Buy Now for Solid Earnings Acceleration

Invest in stocks like PDF Solutions (PDFS), Infineon Technologies (IFNNY) and PattersonUTI Energy (PTEN) for superb earnings acceleration.

Other symbols: PDFS
4 days ago - Zacks Investment Research

3 Must-Own Stocks From the Oil & Gas Drilling Industry

Constructive fundamentals in the Zacks Oil and Gas - Drilling industry has provided the operators with critical growth tailwinds over the medium to long term. This should benefit the likes of HP, PTEN a...

Other symbols: HPNBR
1 week ago - Zacks Investment Research

Is the Options Market Predicting a Spike in PattersonUTI Energy (PTEN) Stock?

Investors need to pay close attention to PattersonUTI Energy (PTEN) stock based on the movements in the options market lately.

2 weeks ago - Zacks Investment Research

Patterson-UTI Energy Announces Death of Co-Founder and Former CEO, Cloyce A. Talbott

HOUSTON, TX / ACCESSWIRE / September 9, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced with great sadness that Cloyce A.

2 weeks ago - Accesswire

Buy These 3 Top Stocks for Superb Earnings Acceleration

Invest in stocks like PDF Solutions (PDFS), PattersonUTI Energy (PTEN) & Infineon Technologies (IFNNY) for solid earnings acceleration.

Other symbols: PDFS
2 weeks ago - Zacks Investment Research

Patterson-UTI Energy to Present at the Barclays CEO Energy-Power Conference

HOUSTON, TX / ACCESSWIRE / September 6, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that Andy Hendricks, the Company's President and Chief Executive Officer, will participate in a fi...

3 weeks ago - Accesswire

Patterson-UTI Reports Drilling Activity for August 2022

HOUSTON, TX / ACCESSWIRE / September 6, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2022, the Company had an average of 128 drilling rigs operating in the...

3 weeks ago - Accesswire

Patterson-UTI Energy to Participate in the Barclays CEO Energy-Power Conference

HOUSTON, TX / ACCESSWIRE / August 30, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that the Company will participate in the Barclays CEO Energy-Power Conference on Tuesday, September ...

4 weeks ago - Accesswire

4 Stocks to Keep a Tab on for Superb Earnings Acceleration

PDF Solutions (PDFS), PattersonUTI Energy (PTEN), Royal Caribbean Cruises (RCL) & Boeing (BA) have seen their last two quarter-over-quarter percentage EPS growth rates exceed the growth rates of the pre...

Other symbols: BAPDFSRCL
1 month ago - Zacks Investment Research

Does Patterson-UTI (PTEN) Have the Potential to Rally 32% as Wall Street Analysts Expect?

The consensus price target hints at a 32% upside potential for Patterson-UTI (PTEN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimat...

1 month ago - Zacks Investment Research

Patterson-UTI (PTEN) Recently Broke Out Above the 20-Day Moving Average

Should investors be excited or worried when a stock crosses above the 20-day simple moving average?

1 month ago - Zacks Investment Research

Patterson-UTI (PTEN) Recently Broke Out Above the 50-Day Moving Average

When a stock breaks out above the 50-Day simple moving average, good things could be on the horizon. How should investors react?

1 month ago - Zacks Investment Research

Will Patterson-UTI (PTEN) Gain on Rising Earnings Estimates?

Patterson-UTI (PTEN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 month ago - Zacks Investment Research

Can Patterson-UTI (PTEN) Climb 27% to Reach the Level Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 26.9% in Patterson-UTI (PTEN). While the effectiveness of this highly sought-after metric is questionable, the po...

1 month ago - Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why Patterson-UTI (PTEN) is a Great Choice

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

1 month ago - Zacks Investment Research

3 Top Stocks to Buy Now for Superb Earnings Acceleration

Invest in stocks like Wolfspeed (WOLF), TechnipFMC (FTI) & PattersonUTI Energy (PTEN) at the moment for solid earnings acceleration.

Other symbols: FTIWOLF
1 month ago - Zacks Investment Research

10 Off-The-Radar Stocks Are Quietly Making Investors Big Money

If you're just looking at the big S&P 500 energy stocks to make you money this year, you're missing out on some off-the-radar gains. The post 10 Off-The-Radar Stocks Are Quietly Making Investors Big Mon...

1 month ago - Investors Business Daily

Patterson-UTI Reports Drilling Activity for July 2022

HOUSTON, TX / ACCESSWIRE / August 3, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2022, the Company had an average of 126 drilling rigs operating in the Unit...

1 month ago - Accesswire

Patterson-UTI (PTEN) Just Overtook the 50-Day Moving Average

Good things could be on the horizon when a stock surpasses the 50-Day simple moving average. How should investors react?

1 month ago - Zacks Investment Research

The 7 Best Stocks Under $20 to Buy Now

Although 2022 hasn't gotten off to the start bullish investors were hoping for, the red ink does open the door for the best stocks under $20 to buy now. As many prominent financial advisors have mention...

Other symbols: BATLKMILCIDPNTGSMRSYM
1 month ago - InvestorPlace

Patterson-UTI (PTEN) Earnings & Sales Beat Estimates in Q2

Patterson-UTI's (PTEN) second-quarter 2022 earnings and revenues beat the Zacks Consensus Estimate due to solid segmental performances.

1 month ago - Zacks Investment Research

Patterson-UTI (PTEN) Beats Q2 Earnings and Revenue Estimates

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 600% and 7.96%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2022

HOUSTON, TX / ACCESSWIRE / July 27, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2022.

2 months ago - Accesswire

Oil Stocks: Will Oil Rig Leaders' Earnings Show Oil Production Increasing?

Oil stocks have led the market's upside throughout 2022 despite little progress in oil production. This week's reports could show more oil is coming.

Other symbols: BKRHPNBR
2 months ago - Investors Business Daily

Patterson-UTI Reports Drilling Activity for June 2022

HOUSTON, TX / ACCESSWIRE / July 6, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of June 2022, the Company had an average of 124 drilling rigs operating in the United...

2 months ago - Accesswire