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Patterson-UTI Energy, Inc. (PTEN)

Stock Price: $8.06 USD -0.20 (-2.42%)
Updated May 13, 2021 3:42 PM EDT - Market open
Market Cap 1.56B
Revenue (ttm) 919.25M
Net Income (ttm) -475.38M
Shares Out 188.52M
EPS (ttm) -2.54
PE Ratio n/a
Forward PE n/a
Dividend $0.08
Dividend Yield 0.99%
Trading Day May 13
Last Price $8.06
Previous Close $8.26
Change ($) -0.20
Change (%) -2.42%
Day's Open 8.05
Day's Range 7.57 - 8.31
Day's Volume 1,968,178
52-Week Range 2.36 - 9.74

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

Other stocks mentioned: ESTE, IEZ, OIH, OII, PSCE, PXJ, RIG ...
3 days ago - Zacks Investment Research

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 stocks mentioned: AGYP, CPE, HP, SM
1 week ago - OTC PR Wire

HOUSTON, May 5, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of April 2021, the Company had an average of 72 drilling rigs operating.

1 week ago - PRNewsWire

Patterson-UTI (PTEN) reports $214 million in cash and cash equivalents, and $901.7 million as long-term debt at the end of the first quarter.

1 week ago - Zacks Investment Research

4 Stocks From the Oil & Gas Drilling Industry to Watch Out For

Other stocks mentioned: CPE, CVX, HP, NBR, RIG, XOM
1 week ago - Zacks Investment Research

Patterson-UTI (PTEN) delivered earnings and revenue surprises of -1.79% and 0.77%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Shares of Patterson-UTI Energy (NASDAQ:PTEN) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share fell 26.67% year over year to ($0.57), which missed the estim...

2 weeks ago - Benzinga

HOUSTON, April 29, 2021 /PRNewswire/ --  PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2021.

2 weeks ago - PRNewsWire

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 weeks ago - Zacks Investment Research

HOUSTON, April 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of March 2021, the Company had an average of 70 drilling rigs operating.

1 month ago - PRNewsWire

HOUSTON, March 30, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, April 29, 2021, at 9:00 a.m.

1 month ago - PRNewsWire

HOUSTON, March 25, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN), a leading provider of contract drilling, pressure pumping and other oilfield services, announced that it has released i...

1 month ago - PRNewsWire

HOUSTON, March 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of February 2021, the Company had an average of 69 drilling rigs operating. For the two...

2 months ago - PRNewsWire

Patterson-UTI's (PTEN) capital expenditure decreases to $10.4 million in Q4 from $64 million in the fourth quarter of 2019.

3 months ago - Zacks Investment Research

Losses are mounting in the energy industry.

3 months ago - The Motley Fool

Patterson-UTI (PTEN) delivered earnings and revenue surprises of 8.06% and 0.54%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Patterson-UTI Energy (NASDAQ:PTEN) moved higher by 0.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 29.55% over the past year to...

3 months ago - Benzinga

HOUSTON, Feb. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months and year ended December 31, 2020. The Company reported a net loss of...

3 months ago - PRNewsWire

HOUSTON, Feb. 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of January 2021, the Company had an average of 67 drilling rigs operating. Average drill...

3 months ago - PRNewsWire

Patterson-UTI Energy (PTEN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

3 months ago - Zacks Investment Research

Patterson-UTI (PTEN) possesses 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

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
3 months ago - The Motley Fool

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.ai have c...

Other stocks mentioned: ADBE, KDP, UI, WING
4 months ago - Forbes

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 fourth qua...

4 months ago - PRNewsWire

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. For the thre...

4 months ago - PRNewsWire

4 Oil & Gas Drilling Stocks to Withstand Industry Turmoil

Other stocks mentioned: HP, NBR, RIG
4 months ago - Zacks Investment Research

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
4 months ago - InvestorPlace

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. For the two ...

5 months ago - PRNewsWire

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
5 months ago - The Motley Fool

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

5 months ago - Zacks Investment Research

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. Average drill...

6 months ago - PRNewsWire

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

6 months ago - Zacks Investment Research

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, while Tru...

Other stocks mentioned: ACES, ARRY, ET, HP, NEE, SMOG, TAN ...
6 months ago - Benzinga

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

6 months ago - Seeking Alpha

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?

6 months ago - Zacks Investment Research

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), which bea...

6 months ago - Benzinga

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 net loss ...

6 months ago - PRNewsWire

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

6 months ago - Zacks Investment Research

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

Other stocks mentioned: FANG, NOV
6 months ago - The Motley Fool

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.

6 months ago - Zacks Investment Research

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
6 months ago - Zacks Investment Research

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. For the thr...

7 months ago - PRNewsWire

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 the three an...

7 months ago - PRNewsWire

The demand recovery seems to have stalled out.

Other stocks mentioned: PE
7 months ago - The Motley Fool

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

8 months ago - PRNewsWire

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

8 months ago - PRNewsWire

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

8 months ago - Zacks Investment Research

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

9 months ago - PRNewsWire

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.

9 months ago - Zacks Investment Research

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

9 months ago - Seeking Alpha

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... [Read more...]

Industry
Oil & Gas Drilling
IPO Date
Nov 2, 1993
Stock Exchange
NASDAQ
Ticker Symbol
PTEN
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 Forecasts

According to 18 analysts, the average rating for PTEN stock is "Hold." The 12-month stock price forecast is 7.69, which is a decrease of -4.59% from the latest price.

Price Target
$7.69
(-4.59% downside)
Analyst Consensus: Hold