Top-Rated Dividend StocksTop-Rated DividendNASDAQ:PTEN Patterson-UTI Energy (PTEN) Stock Price, News & Analysis $7.97 -0.08 (-0.99%) (As of 10/17/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Patterson-UTI Energy Stock (NASDAQ:PTEN) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Patterson-UTI Energy alerts:Sign Up Key Stats Today's Range$7.68▼$7.9850-Day Range$7.50▼$9.4452-Week Range$7.45▼$14.26Volume10.98 million shsAverage Volume6.95 million shsMarket Capitalization$3.20 billionP/E Ratio25.71Dividend Yield4.02%Price Target$12.54Consensus RatingModerate Buy Company OverviewPatterson-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 automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.Read More… Don’t Miss Out! Get 2 Hot AI Stocks for Under $10/Share 🚀 (Ad)Artificial Intelligence (AI) stocks are booming, and now is your chance to get in on the action — without breaking the bank! We’ve just uncovered 2 must-buy AI stocks trading for under $10/share, and they’re showing serious potential for growth.Click here to get your FREE report delivered instantly! Patterson-UTI Energy Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks95th Percentile Overall ScorePTEN MarketRank™: Patterson-UTI Energy scored higher than 95% of companies evaluated by MarketBeat, and ranked 19th out of 255 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.4 / 5Analyst RatingModerate Buy Consensus RatingPatterson-UTI Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoveragePatterson-UTI Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Patterson-UTI Energy's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth28.57% Earnings GrowthEarnings for Patterson-UTI Energy are expected to grow by 28.57% in the coming year, from $0.28 to $0.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Patterson-UTI Energy is 25.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Patterson-UTI Energy is 25.71, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.86.Price to Book Value per Share RatioPatterson-UTI Energy has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Patterson-UTI Energy's valuation and earnings. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted7.41% of the outstanding shares of Patterson-UTI Energy have been sold short.Short Interest Ratio / Days to CoverPatterson-UTI Energy has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Patterson-UTI Energy has recently increased by 12.89%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend LeadershipPatterson-UTI Energy is a leading dividend payer. It pays a dividend yield of 3.88%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPatterson-UTI Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Patterson-UTI Energy is 47.06%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Patterson-UTI Energy will have a dividend payout ratio of 88.89% in the coming year. This indicates that Patterson-UTI Energy may not be able to sustain their current dividend.Read more about Patterson-UTI Energy's dividend. Sustainability and ESG0.0 / 5Environmental Score-6.95 Percentage of Shares Shorted7.41% of the outstanding shares of Patterson-UTI Energy have been sold short.Short Interest Ratio / Days to CoverPatterson-UTI Energy has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Patterson-UTI Energy has recently increased by 12.89%, indicating that investor sentiment is decreasing significantly. News and Social Media2.3 / 5News Sentiment0.21 News SentimentPatterson-UTI Energy has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Patterson-UTI Energy this week, compared to 5 articles on an average week.Search Interest10 people have searched for PTEN on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Patterson-UTI Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Patterson-UTI Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.30% of the stock of Patterson-UTI Energy is held by insiders.Percentage Held by Institutions97.91% of the stock of Patterson-UTI Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Patterson-UTI Energy's insider trading history. Receive PTEN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Patterson-UTI Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address PTEN Stock News HeadlinesStifel Nicolaus Lowers Patterson-UTI Energy (NASDAQ:PTEN) Price Target to $14.00October 15 at 2:29 AM | americanbankingnews.comPatterson-UTI Energy (NASDAQ:PTEN) Price Target Lowered to $10.00 at SusquehannaOctober 15 at 2:29 AM | americanbankingnews.comI've got news for you… Today, I’m doing something I thought I’d never do… Especially since I’m not normally a “swing for the fences” type of trader. But I’ve been quietly testing a new type of trade for a while now… And the returns are too good not to share with you. Take a look… I can’t guarantee results or against losses, but if you want to discover how I’ll target the triple return before the end of the weekOctober 17, 2024 | DTI (Ad)Demystifying Patterson-UTI Energy: Insights From 10 Analyst ReviewsOctober 12, 2024 | benzinga.comRBC Capital Remains a Buy on Patterson-UTI (PTEN)October 12, 2024 | markets.businessinsider.comPatterson-UTI Energy (NASDAQ:PTEN) Downgraded to "Sell" at StockNews.comOctober 12, 2024 | americanbankingnews.comPatterson-UTI Energy, Inc. (NASDAQ:PTEN) Receives Consensus Rating of "Moderate Buy" from AnalystsOctober 8, 2024 | americanbankingnews.comPatterson-UTI Energy, Inc. (PTEN): Most Undervalued Stock to Consider for InvestmentOctober 6, 2024 | msn.comSee More Headlines PTEN Stock Analysis - Frequently Asked Questions How have PTEN shares performed this year? Patterson-UTI Energy's stock was trading at $10.80 at the beginning of 2024. Since then, PTEN stock has decreased by 26.2% and is now trading at $7.97. View the best growth stocks for 2024 here. How were Patterson-UTI Energy's earnings last quarter? Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its earnings results on Wednesday, July, 24th. The oil and gas company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by $0.04. The oil and gas company earned $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. Patterson-UTI Energy had a trailing twelve-month return on equity of 4.49% and a net margin of 2.28%. Does Patterson-UTI Energy have any subsidiaries? The following companies are subsidiaries of Patterson-UTI Energy: Superior QC, Seventy Seven Energy Inc., Warrior Rig Technologies, TMBR/ Sharp Drilling, Jones Drilling, High Valley Drilling, Wek Drilling, and others. Who are Patterson-UTI Energy's major shareholders? Top institutional investors of Patterson-UTI Energy include Wedge Capital Management L L P NC (0.08%), SG Americas Securities LLC (0.04%), Creative Planning (0.03%) and Viking Fund Management LLC (0.03%). Insiders that own company stock include Robert Wayne Drummond Jr, William Andrew Hendricks Jr, James Carl Stewart, Kenneth N Berns, Charles Andrew Smith, James Michael Holcomb, Seth David Wexler and Tiffany Thom Cepak. View institutional ownership trends. How do I buy shares of Patterson-UTI Energy? Shares of PTEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Patterson-UTI Energy own? Based on aggregate information from My MarketBeat watchlists, some other companies that Patterson-UTI Energy investors own include Humana (HUM), American Water Works (AWK), Invesco QQQ (QQQ), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR) and TotalEnergies (TTE). Company Calendar Last Earnings7/24/2024Ex-Dividend for 9/16 Dividend9/03/2024Dividend Payable9/16/2024Today10/17/2024Next Earnings (Confirmed)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Drilling oil & gas wells Sub-IndustryOil & Gas Drilling Current SymbolNASDAQ:PTEN CUSIP70348110 CIK889900 Webwww.patenergy.com Phone(281) 765-7100Fax281-765-7175Employees10,600Year Founded1978Price Target and Rating Average Stock Price Target$12.54 High Stock Price Target$17.00 Low Stock Price Target$10.00 Potential Upside/Downside+57.4%Consensus RatingModerate Buy Rating Score (0-4)2.85 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.68 Trailing P/E Ratio25.71 Forward P/E Ratio28.46 P/E GrowthN/ANet Income$246.29 million Net Margins2.28% Pretax Margin3.48% Return on Equity4.49% Return on Assets2.94% Debt Debt-to-Equity Ratio0.27 Current Ratio1.50 Quick Ratio1.30 Sales & Book Value Annual Sales$5.45 billion Price / Sales0.59 Cash Flow$2.51 per share Price / Cash Flow3.17 Book Value$11.55 per share Price / Book0.69Miscellaneous Outstanding Shares401,701,000Free Float384,010,000Market Cap$3.20 billion OptionableOptionable Beta2.12 Social Links 2025 Gold Forecast: A Perfect Storm for DemandUnlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. 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