Patterson-UTI Energy, Inc. (PTEN)
| Market Cap | 2.03B |
| Revenue (ttm) | 960.65M |
| Net Income (ttm) | -428.36M |
| Shares Out | 188.41M |
| EPS (ttm) | -2.28 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.08 (0.85%) |
| Ex-Dividend Date | Sep 1, 2021 |
| Volume | 4,144,860 |
| Open | 9.37 |
| Previous Close | 9.14 |
| Day's Range | 9.23 - 9.63 |
| 52-Week Range | 2.35 - 11.24 |
| Beta | 3.08 |
| Analysts | Hold |
| Price Target | 10.25 (+8.5%) |
| Est. Earnings Date | Oct 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...
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 StatementsAnalyst 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.
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.
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...
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...
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.
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.
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.
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...
Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast
HOUSTON, Sept. 24, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.
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...
Patterson-UTI Reports Drilling Activity for August 2021
HOUSTON, Sept. 3, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.
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.
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.
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?
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.
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.
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.
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...
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.
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.
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.
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.
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...
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.
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...