Patterson-UTI Energy, Inc. (PTEN)

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...

• 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