Top-Rated StocksTop-RatedTop-Rated Dividend StocksTop-Rated DividendNASDAQ:PTEN Patterson-UTI Energy (PTEN) Stock Price, News & Analysis $7.68 +0.16 (+2.13%) (As of 12/24/2024 05:19 PM 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$7.39▼$7.6850-Day Range$7.26▼$8.7052-Week Range$7.15▼$12.65Volume4.47 million shsAverage Volume7.40 million shsMarket Capitalization$2.99 billionP/E RatioN/ADividend Yield4.17%Price Target$11.71Consensus 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… Patterson-UTI Energy Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks84th Percentile Overall ScorePTEN MarketRank™: Patterson-UTI Energy scored higher than 84% of companies evaluated by MarketBeat, and ranked 70th out of 274 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.5 / 5Analyst RatingModerate Buy Consensus RatingPatterson-UTI Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 10 buy ratings, 2 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 Valuation0.6 / 5Proj. Earnings GrowthDecreasing Earnings GrowthEarnings for Patterson-UTI Energy are expected to decrease in the coming year, from $0.10 to ($0.09) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Patterson-UTI Energy is -3.51, 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. SectorThe P/E ratio of Patterson-UTI Energy is -3.51, 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 RatioPatterson-UTI Energy has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted6.60% 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 3.1, 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 6.15%, indicating that investor sentiment is decreasing significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipPatterson-UTI Energy is a leading dividend payer. It pays a dividend yield of 4.17%, 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.Read more about Patterson-UTI Energy's dividend. Sustainability and ESG0.0 / 5Environmental Score-6.95 Percentage of Shares Shorted6.60% 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 3.1, 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 6.15%, indicating that investor sentiment is decreasing significantly. News and Social Media2.1 / 5News Sentiment0.73 News SentimentPatterson-UTI Energy has a news sentiment score of 0.73. 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 5 news articles for Patterson-UTI Energy this week, compared to 6 articles on an average week.Search InterestOnly 13 people have searched for PTEN on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.MarketBeat Follows9 people have added Patterson-UTI Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn 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 $588,800.00 in 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 HeadlinesResearch Analysts Set Expectations for PTEN FY2025 EarningsDecember 15, 2024 | americanbankingnews.comPatterson-UTI raised, Weatherford cut at Goldman with focus on capital returnsDecember 14, 2024 | msn.com[PDF] The Opportunity in GoldCommodities expert, Geof Smith, insists that the supercycle on gold is just getting warmed up. 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He’ll share more about his approach inside the eBook and it might surprise you.December 25, 2024 | DTI (Ad)Patterson-UTI Energy Inc (PTEN): 46% Stock Upside Potential ExplainedDecember 8, 2024 | theglobeandmail.comPatterson-UTI price target lowered to $11 from $12 at BarclaysNovember 12, 2024 | markets.businessinsider.comCiti sees rotation toward energy equities after Trump winNovember 6, 2024 | markets.businessinsider.comPatterson-UTI reports October drilling activityNovember 6, 2024 | markets.businessinsider.comBenchmark Co. Releases a Hold Rating on Patterson-UTI (PTEN)October 29, 2024 | markets.businessinsider.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 28.9% and is now trading at $7.68. 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 quarterly earnings results on Wednesday, May, 1st. The oil and gas company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. The oil and gas company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Patterson-UTI Energy had a negative net margin of 14.73% and a positive trailing twelve-month return on equity of 3.60%. 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 others. Who are Patterson-UTI Energy's major shareholders? Top institutional investors of Patterson-UTI Energy include Pacer Advisors Inc. (5.12%), State Street Corp (3.96%), Geode Capital Management LLC (2.30%) and Allspring Global Investments Holdings LLC (1.45%). Insiders that own company stock include Robert Wayne Drummond Jr, William Andrew Hendricks Jr, Kenneth N Berns, Charles Andrew Smith, James Michael Holcomb, Seth David Wexler, Tiffany Thom Cepak and James Carl Stewart. 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 Earnings5/01/2024Ex-Dividend for 12/16 Dividend12/02/2024Dividend Payable12/16/2024Today12/24/2024Fiscal 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$11.71 High Stock Price Target$17.00 Low Stock Price Target$10.00 Potential Upside/Downside+52.5%Consensus RatingModerate Buy Rating Score (0-4)2.92 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($2.19) Trailing P/E RatioN/A Forward P/E Ratio76.80 P/E GrowthN/ANet Income$246.29 million Net Margins-14.73% Pretax Margin-14.04% Return on Equity3.60% Return on Assets2.32% Debt Debt-to-Equity Ratio0.35 Current Ratio1.52 Quick Ratio1.32 Sales & Book Value Annual Sales$5.80 billion Price / Sales0.52 Cash Flow$2.53 per share Price / Cash Flow3.04 Book Value$11.55 per share Price / Book0.66Miscellaneous Outstanding Shares389,956,000Free Float380,987,000Market Cap$2.99 billion OptionableOptionable Beta2.12 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report This page (NASDAQ:PTEN) was last updated on 12/25/2024 by MarketBeat.com Staff From Our PartnersAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. And one team...True Market Insiders | SponsoredDid You See Trump’s Bombshell Exec. Order 001?Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001."Banyan Hill Publishing | Sponsored$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being c...Stansberry Research | SponsoredThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. 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