Patterson-UTI Energy, Inc. (PTEN)

NASDAQ: PTEN · IEX Real-Time Price · USD
11.63
-0.11 (-0.94%)
At close: Mar 4, 2024, 4:00 PM
11.35
-0.28 (-2.41%)
After-hours: Mar 4, 2024, 7:06 PM EST
-0.94%
Market Cap 4.79B
Revenue (ttm) 4.15B
Net Income (ttm) 246.29M
Shares Out 408.19M
EPS (ttm) 0.88
PE Ratio 13.28
Forward PE 17.09
Dividend $0.32 (2.75%)
Ex-Dividend Date Feb 29, 2024
Volume 8,042,986
Open 11.80
Previous Close 11.74
Day's Range 11.58 - 11.85
52-Week Range 9.70 - 16.18
Beta 2.25
Analysts Buy
Price Target 16.57 (+42.48%)
Earnings Date Apr 24, 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... [Read more]

Sector Energy
IPO Date Nov 2, 1993
Employees 10,600
Stock Exchange NASDAQ
Ticker Symbol PTEN
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for PTEN stock is "Buy." The 12-month stock price forecast is $16.57, which is an increase of 42.48% from the latest price.

Price Target
$16.57
(42.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Patterson-UTI Reports Drilling Activity for February 2024

HOUSTON, TX / ACCESSWIRE / March 4, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2024, the Company had an average of 122 drilling rigs operating in the...

2 hours ago - Accesswire

Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023

HOUSTON, TX / ACCESSWIRE / February 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2023.

19 days ago - Accesswire

Patterson-UTI Reports Drilling Activity for January 2024

HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2024, the Company had an average of 122 drilling rigs operating in t...

4 weeks ago - Accesswire

Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast

HOUSTON, TX / ACCESSWIRE / January 19, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 15, 2024, at 9:00 a.m.

6 weeks ago - Accesswire

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7 weeks ago - GuruFocus

Patterson-UTI Reports Drilling Activity for December 2023

HOUSTON, TX / ACCESSWIRE / January 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2023, the Company had an average of 119 drilling rigs operating in t...

2 months ago - Accesswire

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Patterson-UTI Reports Drilling Activity for November 2023

HOUSTON, TX / ACCESSWIRE / December 8, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of November 2023, the Company had an average of 118 drilling rigs operating in ...

3 months ago - Accesswire

Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2023

HOUSTON, TX / ACCESSWIRE / November 7, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2023.

4 months ago - Accesswire

Patterson-UTI Reports Drilling Activity for October 2023

HOUSTON, TX / ACCESSWIRE / November 6, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of October 2023, the Company had an average of 117 drilling rigs operating in t...

4 months ago - Accesswire

Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast

HOUSTON, TX / ACCESSWIRE / October 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Wednesday, November 8, 2023, at 9:00 a.m.

5 months ago - Accesswire

Patterson-UTI Reports Drilling Activity for September 2023

HOUSTON, TX / ACCESSWIRE / October 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2023, the Company had an average of 117 drilling rigs operating in ...

5 months ago - Accesswire

Patterson-UTI Reports Drilling Activity for August 2023

HOUSTON, TX / ACCESSWIRE / September 7, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2023, the Company had an average of 117 drilling rigs operating in t...

6 months ago - Accesswire

Patterson-UTI Energy and NexTier Oilfield Solutions Complete Merger

HOUSTON, TX / ACCESSWIRE / September 1, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") today announced the completion of its previously announced all-stock merger with NexTier Oilfi...

6 months ago - Accesswire

Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals

HOUSTON, TX / ACCESSWIRE / August 30, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced that, at separate spe...

6 months ago - Accesswire

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

HOUSTON, TX / ACCESSWIRE / August 29, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that the Company will participate in the Barclays CEO Energy-Power Conference on Tuesday, Septembe...

6 months ago - Accesswire

Patterson-UTI Energy Completes Acquisition of Ulterra Drilling Technologies

HOUSTON, TX / ACCESSWIRE / August 14, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI"), a leading provider of drilling and completions services in the United States, today announced i...

7 months ago - Accesswire

NEXTIER OILFIELD INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of NexTier Oilfield Solutions Inc. - NEX

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of NexTier Oilfield...

7 months ago - Business Wire

Patterson-UTI Reports Drilling Activity for July 2023

HOUSTON, TX / ACCESSWIRE / August 3, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2023, the Company had an average of 123 drilling rigs operating in the Un...

7 months ago - Accesswire

Patterson-UTI and NexTier Oilfield Solutions Announce Expiration of Hart-Scott Rodino Waiting Period for Pending Merger

HOUSTON, TX / ACCESSWIRE / July 28, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced the expiration of the w...

7 months ago - Accesswire

Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2023

HOUSTON, TX / ACCESSWIRE / July 26, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2023.

7 months ago - Accesswire

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8 months ago - GuruFocus

Patterson-UTI Reports Drilling Activity for June 2023

HOUSTON, TX / ACCESSWIRE / July 6, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of June 2023, the Company had an average of 126 drilling rigs operating in the Unit...

8 months ago - Accesswire

Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra

Ulterra is a Leading Provider of Highly Engineered Polycrystalline Diamond Compact ("PDC") Drill Bits in North America with a Growing International Presence Consideration Comprised of $370 Million of ...

8 months ago - Accesswire