Patterson-UTI Energy, Inc. (PTEN)

Market Cap	4.63B
Revenue (ttm)	4.15B
Net Income (ttm)	246.29M
Shares Out	408.19M
EPS (ttm)	0.88
PE Ratio	13.04
Forward PE	17.18
Dividend	$0.32 (2.82%)
Ex-Dividend Date	Feb 29, 2024

Volume	6,114,131
Open	11.34
Previous Close	11.22
Day's Range	11.24 - 11.56
52-Week Range	9.70 - 16.18
Beta	2.24
Analysts	Buy
Price Target	16.43 (+44.89%)
Earnings Date	May 1, 2024

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

Financial Performance

In 2023, PTEN'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 15 analysts, the average rating for PTEN stock is "Buy." The 12-month stock price forecast is $16.43, which is an increase of 44.89% from the latest price.

Price Target

$16.43

(44.89% upside)

Analyst Consensus: Buy