Patterson-UTI Energy, Inc. (PTEN)
| Market Cap | 1.51B |
| Revenue (ttm) | 919.25M |
| Net Income (ttm) | -475.38M |
| Shares Out | 189.00M |
| EPS (ttm) | -2.28 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.08 |
| Dividend Yield | 0.99% |
| Trading Day | August 3 |
| Last Price | $8.11 |
| Previous Close | $7.98 |
| Change ($) | 0.13 |
| Change (%) | 1.63% |
| Day's Open | 7.96 |
| Day's Range | 7.69 - 8.12 |
| Day's Volume | 1,035,480 |
| 52-Week Range | 2.36 - 11.27 |
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?
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.
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.
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.
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...
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.
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.
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) 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...
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.
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...
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.
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.
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?
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...
HOUSTON, April 29, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2021.
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.
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.
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.
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...
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...
Patterson-UTI's (PTEN) capital expenditure decreases to $10.4 million in Q4 from $64 million in the fourth quarter of 2019.
Losses are mounting in the energy industry.
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?
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...
Patterson-UTI Energy Reports Financial Results for the Three Months and Year Ended December 31, 2020
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...
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...
Patterson-UTI Energy (PTEN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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.
It looks like there's been a major shift in investor sentiment. There's the easy story and the longer one.
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...
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...
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 Oil & Gas Drilling Stocks to Withstand Industry Turmoil
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 ...
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.
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
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...
Patterson-UTI's (PTEN) capital expenditure decreases to $13.4 million in Q3 from $68 million in the third quarter of 2019.
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...
Patterson-UTI Energy, Inc. (PTEN) CEO Andy Hendricks on Q3 2020 Results - Earnings Call Transcript
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?
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...
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 ...
Patterson-UTI's (PTEN) Contract Drilling and Pressure Pumping segments are likely to have underperformed in the third quarter.
Low crude prices and soft demand have crushed the bottom lines of these energy industry service providers.
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 |
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.
Analyst Forecasts
According to 18 analysts, the average rating for PTEN stock is "Hold." The 12-month stock price forecast is 9.66, which is an increase of 19.11% from the latest price.