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NASDAQ:PTEN

Patterson-UTI Energy (PTEN) Stock Price, News & Analysis

Patterson-UTI Energy logo
$8.41 -0.42 (-4.79%)
As of 01:14 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Patterson-UTI Energy Stock (NASDAQ:PTEN)

Key Stats

Today's Range
$8.47
$8.89
50-Day Range
$7.26
$9.45
52-Week Range
$7.15
$12.65
Volume
3.93 million shs
Average Volume
8.91 million shs
Market Capitalization
$3.25 billion
P/E Ratio
N/A
Dividend Yield
3.81%
Price Target
$11.63
Consensus Rating
Moderate Buy

Company Overview

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.

Patterson-UTI Energy Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
84th Percentile Overall Score

PTEN MarketRank™: 

Patterson-UTI Energy scored higher than 84% of companies evaluated by MarketBeat, and ranked 57th out of 269 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Patterson-UTI Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Patterson-UTI Energy has only been the subject of 3 research reports in the past 90 days.

  • Read more about Patterson-UTI Energy's stock forecast and price target.
  • Earnings Growth

    Earnings for Patterson-UTI Energy are expected to grow in the coming year, from ($0.10) to $0.17 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Patterson-UTI Energy is -3.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Patterson-UTI Energy is -3.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Patterson-UTI Energy has a P/B Ratio of 0.93. 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.
  • Percentage of Shares Shorted

    6.13% of the outstanding shares of Patterson-UTI Energy have been sold short.
  • Short Interest Ratio / Days to Cover

    Patterson-UTI Energy has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Patterson-UTI Energy has recently decreased by 2.99%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Patterson-UTI Energy is a leading dividend payer. It pays a dividend yield of 3.61%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Patterson-UTI Energy does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on EPS estimates, Patterson-UTI Energy will have a dividend payout ratio of 188.24% 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.
  • Percentage of Shares Shorted

    6.13% of the outstanding shares of Patterson-UTI Energy have been sold short.
  • Short Interest Ratio / Days to Cover

    Patterson-UTI Energy has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Patterson-UTI Energy has recently decreased by 2.99%, indicating that investor sentiment is improving.
  • News Sentiment

    Patterson-UTI Energy has a news sentiment score of 1.19. 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 higher news sentiment than the 0.79 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Patterson-UTI Energy this week, compared to 5 articles on an average week.
  • Search Interest

    13 people have searched for PTEN on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Patterson-UTI Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Patterson-UTI Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,633,500.00 in company stock.

  • Percentage Held by Insiders

    Only 2.30% of the stock of Patterson-UTI Energy is held by insiders.

  • Percentage Held by Institutions

    97.91% 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.
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PTEN Stock News Headlines

Goldman Sachs Remains a Buy on Patterson-UTI (PTEN)
A deadly mistake in my prediction…
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
Atb Cap Markets Issues Positive Outlook for PTEN Earnings
See More Headlines

PTEN Stock Analysis - Frequently Asked Questions

Patterson-UTI Energy's stock was trading at $8.26 at the start of the year. Since then, PTEN stock has increased by 1.8% and is now trading at $8.4070.
View the best growth stocks for 2025 here
.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) released its quarterly earnings data on Wednesday, May, 1st. The oil and gas company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The oil and gas company earned $1.51 billion during the quarter, compared to analysts' expectations of $1.51 billion. Patterson-UTI Energy had a positive trailing twelve-month return on equity of 0.81% and a negative net margin of 18.00%.

Patterson-UTI Energy subsidiaries include Superior QC, Seventy Seven Energy Inc., Warrior Rig Technologies, TMBR/ Sharp Drilling, Jones Drilling, High Valley Drilling, Wek Drilling, and others.

Patterson-UTI Energy's top institutional investors include Vanguard Group Inc. (11.57%), Pacer Advisors Inc. (5.67%), Fuller & Thaler Asset Management Inc. (4.39%) and ARGA Investment Management LP (2.62%). Insiders that own company stock include William Andrew Hendricks Jr, Robert Wayne Drummond Jr, Kenneth N Berns, Charles Andrew Smith, James Michael Holcomb, Seth David Wexler, Tiffany Thom Cepak and James Carl Stewart.
View institutional ownership trends
.

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.

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 Earnings
5/01/2024
Ex-Dividend for 12/16 Dividend
12/02/2024
Dividend Payable
12/16/2024
Today
2/21/2025
Ex-Dividend for 3/17 Dividend
3/03/2025
Dividend Payable
3/17/2025
Next Earnings (Estimated)
5/07/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Industry
Drilling oil & gas wells
Sub-Industry
Oil & Gas Drilling
Current Symbol
NASDAQ:PTEN
CUSIP
70348110
Employees
9,200
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$11.63
High Stock Price Target
$17.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+34.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$-968,030,000.00
Pretax Margin
-17.79%

Debt

Sales & Book Value

Annual Sales
$5.38 billion
Cash Flow
$5.23 per share
Book Value
$9.00 per share

Miscellaneous

Free Float
377,503,000
Market Cap
$3.34 billion
Optionable
Optionable
Beta
2.06

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This page (NASDAQ:PTEN) was last updated on 2/21/2025 by MarketBeat.com Staff
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