Patterson-UTI Energy, Inc. (PTEN)
| Market Cap | 1.12B |
| Revenue (ttm) | 1.40B |
| Net Income (ttm) | -783.09M |
| Shares Out | 187.28M |
| EPS (ttm) | -4.13 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.08 |
| Dividend Yield | 1.34% |
| Trading Day | January 21 |
| Last Price | $5.96 |
| Previous Close | $6.62 |
| Change ($) | -0.66 |
| Change (%) | -9.97% |
| Day's Open | 6.54 |
| Day's Range | 5.91 - 6.60 |
| Day's Volume | 2,172,979 |
| 52-Week Range | 1.68 - 8.31 |
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...
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 ...
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. Fo...
4 Oil & Gas Drilling Stocks to Withstand Industry Turmoil
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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. Fo...
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. Ave...
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,...
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),...
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...
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.
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.
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.
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. F...
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 th...
HOUSTON, Sept. 4, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.
HOUSTON, Sept. 1, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
HOUSTON, Aug. 5, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC.
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.
Patterson-UTI Energy, Inc. (PTEN) CEO Andy Hendricks on Q2 2020 Results - Earnings Call Transcript
Investors reacted positively to a pretty rough earnings number, likely taking a "it could have been worse" stance.
Patterson-UTI (PTEN) delivered earnings and revenue surprises of 3.45% and 7.99%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Patterson-UTI Energy (NASDAQ:PTEN) moved higher by 2.6% in pre-market trading after the company reported Q2 results.
HOUSTON, July 23, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2020.
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, July 7, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2020, the Company had an average of 65 drilling rigs operating. For th...
Anything related to oil was hard hit today. Here's why the lumps these energy services providers took could linger.
Investors need to pay close attention to Patterson-UTI (PTEN) stock based on the movements in the options market lately.
Oil drilling stocks are absolutely crushing it today, and could be getting way ahead of the fundamentals of the oil patch.
Rising oil prices, positive jobs data, and expectations OPEC+ will extend production cuts have investors betting that the worst is over.
HOUSTON, June 3, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2020, the Company had an average of 80 drilling rigs operating. For the...
Oil prices have rebounded from their lows, but these companies are still likely to underperform.
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
Oil prices rose and so did shares of energy services companies, as investors hope the worst is over in the oil patch.
The U.S. oil industry is in bad shape.
Crude oil prices are heading higher today, which was one of several catalysts fueling oil stocks.
Patterson-UTI Energy Will Use Its Financial Resources To Slip Out Of The Trouble
Patterson-UTI has been buoyed by rising oil prices, but as investors digest its earnings news, the outlook is clearly still cloudy.
With drilling activity set to decline significantly, Patterson-UTI (PTEN) expects to run just four frack fleets in the second quarter.
Watch CNBC's interview with Patterson-UTI CEO
Andy Hendricks, Patterson-UTI Energy CEO joins 'Power Lunch' to discuss the company's quarterly earnings and the state of the oil industry.
Investors seem to be overlooking the impact low oil prices are having on oil-field service stocks.
About PTEN
Patterson-UTI Energy, 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 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, Ohio, West Virgi... [Read more...]
| Industry Oil & Gas Drilling | IPO Date Nov 2, 1993 |
| CEO William Andrew Hendricks Jr. | Employees 5,800 |
| Stock Exchange NASDAQ | Ticker Symbol PTEN |
Financial Performance
In 2019, PTEN's revenue was $2.47 billion, a decrease of -25.74% compared to the previous year's $3.33 billion. Losses were -$425.70 million, 32.4% more than in 2018.
Analyst Forecasts
According to 18 analysts, the average rating for PTEN stock is "Hold." The 12-month stock price forecast is 5.83, which is a decrease of -2.18% from the latest price.