Top-Rated Dividend StocksTop-Rated DividendNASDAQ:PTEN Patterson-UTI Energy (PTEN) Stock Price, News & Analysis $8.20 -0.13 (-1.56%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$8.15▼$8.5450-Day Range$8.20▼$11.0052-Week Range$8.15▼$16.17Volume6.65 million shsAverage Volume6.85 million shsMarket Capitalization$3.22 billionP/E Ratio12.06Dividend Yield3.90%Price Target$14.29 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Patterson-UTI Energy alerts: Email Address Patterson-UTI Energy MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.85 Rating ScoreUpside/Downside74.3% Upside$14.29 Price TargetShort InterestBearish7.25% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-6.95Upright™ Environmental ScoreNews Sentiment0.69Based on 17 Articles This WeekInsider TradingN/AProj. Earnings Growth42.42%From $0.33 to $0.47 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.87 out of 5 starsOils/Energy Sector13th out of 239 stocksDrilling Oil & Gas Wells Industry1st out of 12 stocks 4.4 Analyst's Opinion 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. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.25% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Patterson-UTI Energy has recently increased by 6.86%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldPatterson-UTI Energy pays a meaningful dividend of 3.47%, higher than the bottom 25% of all stocks that pay dividends.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 earnings estimates, Patterson-UTI Energy will have a dividend payout ratio of 68.09% next year. This indicates that Patterson-UTI Energy will be able to sustain or increase its dividend.Read more about Patterson-UTI Energy's dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePatterson-UTI Energy has received a -157.48% net impact score from Upright. The largest negative impact of Patterson-UTI Energy in category "GHG emissions" is driven by its "Oil drilling services" and "Machinery for oil and gas industry rentals" products. See details.Environmental SustainabilityThe Environmental Impact score for Patterson-UTI Energy is -6.95. Previous Next 2.6 News and Social Media Coverage News SentimentPatterson-UTI Energy has a news sentiment score of 0.69. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 17 news articles for Patterson-UTI Energy this week, compared to 5 articles on an average week.Search InterestOnly 7 people have searched for PTEN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows3 people have added Patterson-UTI Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 1.7 Company Ownership 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. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Patterson-UTI Energy are expected to grow by 42.42% in the coming year, from $0.33 to $0.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Patterson-UTI Energy is 12.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Patterson-UTI Energy is 12.06, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.63.Price to Book Value per Share RatioPatterson-UTI Energy has a P/B Ratio of 0.71. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Patterson-UTI Energy Stock (NASDAQ: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 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 PTEN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PTEN Stock News HeadlinesSeptember 7 at 1:15 AM | americanbankingnews.comQ3 2024 EPS Estimates for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Lowered by Atb Cap MarketsSeptember 6 at 4:07 AM | americanbankingnews.comPatterson-UTI Energy (NASDAQ:PTEN) Price Target Cut to $11.00September 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.September 5 at 2:15 AM | benzinga.comCritical Insights From Patterson-UTI Energy Analyst Ratings: What You Need To KnowSeptember 2, 2024 | americanbankingnews.comPatterson-UTI Energy, Inc. Plans Quarterly Dividend of $0.08 (NASDAQ:PTEN)August 28, 2024 | americanbankingnews.comAnalysts Set Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Price Target at $14.59August 16, 2024 | benzinga.com6 Analysts Assess Patterson-UTI Energy: What You Need To KnowAugust 11, 2024 | seekingalpha.comPatterson-UTI Is Cash Flow Positive And Offers Asymmetric Exposure To A Rebound In Natural GasSeptember 7, 2024 | Golden Crest (Ad)Biden's Successor: The Radical Threat to YOUR Savings!Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.August 9, 2024 | seekingalpha.comPatterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could SoarAugust 7, 2024 | uk.investing.comPatterson-UTI reports steady July drilling activityAugust 6, 2024 | finanznachrichten.dePatterson-UTI Energy, Inc.: Patterson-UTI Reports Drilling Activity for July 2024August 5, 2024 | finance.yahoo.comPTEN Aug 2024 6.000 call (PTEN240816C00006000)July 30, 2024 | markets.businessinsider.comMorgan Stanley Reaffirms Their Hold Rating on Patterson-UTI (PTEN)July 28, 2024 | finance.yahoo.comEarnings Miss: Patterson-UTI Energy, Inc. Missed EPS By 59% And Analysts Are Revising Their ForecastsJuly 28, 2024 | finance.yahoo.comPatterson-UTI Energy Second Quarter 2024 Earnings: Misses ExpectationsJuly 27, 2024 | 247wallst.comPatterson-UTI Energy IncJuly 25, 2024 | msn.comPatterson-UTI Energy misses top-line and bottom-line estimates; initiates Q3 and FY24 outlookSee More Headlines 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 Company Calendar Ex-Dividend for 6/17 Dividend6/03/2024Dividend Payable6/17/2024Last Earnings7/24/2024Ex-Dividend for 9/16 Dividend9/03/2024Today9/07/2024Dividend Payable9/16/2024Next Earnings (Estimated)11/05/2024Fiscal 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$14.29 High Stock Price Target$18.00 Low Stock Price Target$11.00 Potential Upside/Downside+74.3%Consensus RatingModerate Buy Rating Score (0-4)2.85 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.68 Trailing P/E Ratio12.06 Forward P/E Ratio24.85 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$4.15 billion Price / Sales0.78 Cash Flow$2.26 per share Price / Cash Flow3.63 Book Value$11.55 per share Price / Book0.71Miscellaneous Outstanding Shares393,050,000Free Float392,462,000Market Cap$3.22 billion OptionableOptionable Beta2.13 Social Links 20 High-Yield Dividend Stocks that Could Ruin Your RetirementAlmost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.Get This Free Report Key ExecutivesMr. William Andrew Hendricks Jr. (Age 59)President, CEO & Director Comp: $2.35MMr. C. Andrew Smith (Age 53)Executive VP & CFO Comp: $1.07MMr. Seth D. Wexler (Age 52)Senior VP, General Counsel & Secretary Comp: $895.6kMr. Kenneth N. Berns CPA (Age 64)Executive VP & Chief Commercial Officer Comp: $1.05MMr. James Michael Holcomb (Age 61)Executive VP & Chief Business Officer Comp: $1.31MMr. Michael James SabellaVice President of Investor RelationsMr. Marty UnreinSenior VP of Sales & MarketingMs. Diana DotoloSenior Vice President of Human ResourcesMr. Matt PyeSenior Vice President of Industry AffairsMs. Kathryn RoarkSenior Vice President of Sustainability, Diversity & CultureMore ExecutivesKey CompetitorsHelmerich & PayneNYSE:HPOasis Midstream PartnersNASDAQ:OMPNabors IndustriesNYSE:NBRValarisNYSE:VALTransoceanNYSE:RIGView All CompetitorsInsiders & InstitutionsSanctuary Advisors LLCBought 43,227 shares on 9/5/2024Ownership: 0.011%Dana Investment Advisors Inc.Sold 6,373 shares on 8/27/2024Ownership: 0.061%Algert Global LLCBought 133,763 shares on 8/16/2024Ownership: 0.033%Creative PlanningBought 15,696 shares on 8/16/2024Ownership: 0.016%The Manufacturers Life Insurance Company Bought 18,337 shares on 8/15/2024Ownership: 0.099%View All Insider TransactionsView All Institutional Transactions 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 shares have decreased by 24.1% and is now trading at $8.20. 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 net margin of 2.28% and a trailing twelve-month return on equity of 4.49%. What is Andy Hendricks' approval rating as Patterson-UTI Energy's CEO? 73 employees have rated Patterson-UTI Energy Chief Executive Officer Andy Hendricks on Glassdoor.com. Andy Hendricks has an approval rating of 79% among the company's employees. Does Patterson-UTI Energy have any subsidiaries? Patterson-UTI Energy subsidiaries include these companies: Superior QC, Seventy Seven Energy Inc., Warrior Rig Technologies, TMBR/ Sharp Drilling, Jones Drilling, High Valley Drilling, Wek Drilling, and more. Who are Patterson-UTI Energy's major shareholders? Patterson-UTI Energy's top institutional investors include Pacer Advisors Inc. (3.66%), Point72 Asset Management L.P. (1.91%), Van ECK Associates Corp (1.78%) and Allspring Global Investments Holdings LLC (1.60%). 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 Energy Transfer (ET), Oasis Petroleum (OAS), Delta Air Lines (DAL), Nabors Industries (NBR), Halliburton (HAL), Ford Motor (F) and Marathon Oil (MRO). This page (NASDAQ:PTEN) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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