Summary
7.62 0.12(1.60%)09/27/2024
Patterson-UTI Energy Inc (PTEN)
Patterson-UTI Energy Inc (PTEN)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 1.60 | -9.12 | -17.26 | -24.96 | -36.63 | -49.64 | -7.71 | 956.91 |
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| Trading Data | ||
| Close | 7.62 | |
| Open | 7.60 | |
| High | 7.70 | |
| Low | 7.54 | |
| Volume | 5,215,973 | |
| Change | 0.12 | |
| Change % | 1.60 | |
| Avg Volume (20 Days) | 4,983,542 | |
| Volume/Avg Volume (20 Days) Ratio | 1.05 | |
| 52 Week Range | 7.45 - 15.28 | |
| Price vs 52 Week High | -50.13% | |
| Price vs 52 Week Low | 2.28% | |
| Range | 0.26 | |
| Gap Up/Down | -0.21 | |
Fundamentals | ||
| Market Capitalization (Mln) | 2,948 | |
| EBIDTA | 1,303,289,984 | |
| PE Ratio | 20.1667 | |
| PEG Ratio | 0.4044 | |
| WallStreet Target Price | 15.59 | |
| Book Value | 11.7460 | |
| Earnings Per Share | 0.5400 | |
| EPS Estimate Current Quarter | 0.1300 | |
| EPS Estimate Next Quarter | 0.1400 | |
| EPS Estimate Current Year | 0.5200 | |
| EPS Estimate Next Year | 0.9200 | |
| Diluted EPS (TTM) | 0.5400 | |
| Revenues | ||
| Profit Marging | 0.0407 | |
| Operating Marging (TTM) | 0.0657 | |
| Return on asset (TTM) | 0.0515 | |
| Return on equity (TTM) | 0.0616 | |
| Revenue TTM | 4,865,013,760 | |
| Revenue per share TTM | 14.8090 | |
| Quarterly Revenue Growth (YOY) | 0.9080 | |
| Quarterly Earnings Growth (YOY) | -0.7270 | |
| Gross Profit (TTM) | 801,042,000 | |
| Dividends | ||
| Dividend Share | 0.3200 | |
| Dividend Yield | 0.0294 | |
| Valuations | ||
| Trailing PE | 20.1667 | |
| Forward PE | 17.3611 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.8949 | |
| Revenue Enterprise Value | 1.1227 | |
| EBITDA Enterprise Value | 4.5536 | |
| Shares | ||
| Shares Outstanding | 401,700,992 | |
| Shares Float | 364,632,384 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.08 | |
| Insider (%) | 2.21 | |
| Institutions (%) | 97.00 | |
09/09 16:00 EST - accesswire.com
Patterson-UTI Reports Drilling Activity for August 2024
HOUSTON, TX / ACCESSWIRE / September 9, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2024, the Company had an average of 107 drilling rigs operating in the United States.
Patterson-UTI Reports Drilling Activity for August 2024
HOUSTON, TX / ACCESSWIRE / September 9, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2024, the Company had an average of 107 drilling rigs operating in the United States.
08/23 12:37 EST - zacks.com
Why Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report?
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
Why Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report?
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
08/11 08:35 EST - seekingalpha.com
Patterson-UTI Is Cash Flow Positive And Offers Asymmetric Exposure To A Rebound In Natural Gas
Patterson-UTI is cash flow positive despite U.S. oilfield activity being at a cyclical bottom. A rebound in natural gas drilling in 2025 will be a strong call on the company's premium equipment that is already in short supply. Even if gas drilling doesn't rebound soon, the generous buyback program should provide support for the stock price.
Patterson-UTI Is Cash Flow Positive And Offers Asymmetric Exposure To A Rebound In Natural Gas
Patterson-UTI is cash flow positive despite U.S. oilfield activity being at a cyclical bottom. A rebound in natural gas drilling in 2025 will be a strong call on the company's premium equipment that is already in short supply. Even if gas drilling doesn't rebound soon, the generous buyback program should provide support for the stock price.
08/09 12:40 EST - seekingalpha.com
Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
Commodity cycles require downturns to cool demand and rebalance supply. Without them, spikes in crude oil and natural gas prices may become the norm. Patterson-UTI's valuation is now about the same as past recession lows during 2020, 2009, and 2001. Any unexpected upturn in oil/gas prices should lead to sizable investor gains in PTEN. Various technical momentum indicators have been reversing higher since May, which could be a good omen price will soon follow.
Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
Commodity cycles require downturns to cool demand and rebalance supply. Without them, spikes in crude oil and natural gas prices may become the norm. Patterson-UTI's valuation is now about the same as past recession lows during 2020, 2009, and 2001. Any unexpected upturn in oil/gas prices should lead to sizable investor gains in PTEN. Various technical momentum indicators have been reversing higher since May, which could be a good omen price will soon follow.
08/05 16:10 EST - accesswire.com
Patterson-UTI Reports Drilling Activity for July 2024
HOUSTON, TX / ACCESSWIRE / August 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2024, the Company had an average of 108 drilling rigs operating in the United States.
Patterson-UTI Reports Drilling Activity for July 2024
HOUSTON, TX / ACCESSWIRE / August 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2024, the Company had an average of 108 drilling rigs operating in the United States.
07/30 07:30 EST - zacks.com
Patterson-UTI (PTEN) Q2 Earnings Fall Y/Y, Sales Lag Estimates
Patterson-UTI (PTEN) anticipates to generate 40% of its free cash flow from adjusted EBITDA by 2024.
Patterson-UTI (PTEN) Q2 Earnings Fall Y/Y, Sales Lag Estimates
Patterson-UTI (PTEN) anticipates to generate 40% of its free cash flow from adjusted EBITDA by 2024.
07/24 20:00 EST - accesswire.com
Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2024
HOUSTON, TX / ACCESSWIRE / July 24, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2024.
Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2024
HOUSTON, TX / ACCESSWIRE / July 24, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2024.
07/17 11:07 EST - zacks.com
Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
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.
Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
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.
07/17 08:05 EST - zacks.com
Patterson-UTI (PTEN) to Report Q2 Earnings: What's in Store?
Patterson-UTI (PTEN) is expected to report higher revenues from the year-ago period's level. Despite this increase, the company is anticipated to see a lower bottom line due to rising costs.
Patterson-UTI (PTEN) to Report Q2 Earnings: What's in Store?
Patterson-UTI (PTEN) is expected to report higher revenues from the year-ago period's level. Despite this increase, the company is anticipated to see a lower bottom line due to rising costs.
07/15 17:50 EST - accesswire.com
Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / July 15, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m.
Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / July 15, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m.
07/01 14:39 EST - investorplace.com
Black Gold Bargains: 7 Discounted Oil Stocks Ready for a Comeback
One of the investment sectors in which it's difficult to address the “why” component is the hydrocarbon ecosystem. With the political and ideological winds favoring clean and renewable energy infrastructures, why would anyone consider fossil fuels, even if they were billed as discounted oil stocks?
Black Gold Bargains: 7 Discounted Oil Stocks Ready for a Comeback
One of the investment sectors in which it's difficult to address the “why” component is the hydrocarbon ecosystem. With the political and ideological winds favoring clean and renewable energy infrastructures, why would anyone consider fossil fuels, even if they were billed as discounted oil stocks?
06/06 17:10 EST - accesswire.com
Patterson-UTI Reports Drilling Activity for May 2024
HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States.
Patterson-UTI Reports Drilling Activity for May 2024
HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States.
05/16 09:05 EST - zacks.com
Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE
Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic growth.
Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE
Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic growth.
05/13 01:01 EST - accesswire.com
Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE
HOUSTON, TX / ACCESSWIRE / May 13, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services in the Emirate of Abu Dhabi.
Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE
HOUSTON, TX / ACCESSWIRE / May 13, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services in the Emirate of Abu Dhabi.
05/06 17:55 EST - accesswire.com
Patterson-UTI Reports Drilling Activity for April 2024
HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the United States.
Patterson-UTI Reports Drilling Activity for April 2024
HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the United States.
05/03 08:46 EST - zacks.com
Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
05/02 15:28 EST - seekingalpha.com
Patterson-UTI Energy, Inc. (PTEN) Q1 2024 Earnings Call Transcript
Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Mike Sabella - VP, IR Andy Hendricks - President, CEO & Director Andy Smith - CFO & EVP Conference Call Participants Luke Lemoine - Piper Sandler Jim Rollyson - Raymond James Scott Gruber - Citigroup Alexa Petrick - Goldman Sachs Derek Podhaizer - Barclays Capital Arun Jayaram - JPMorgan Stephen Gengaro - Stifel Saurabh Pant - Bank of America Merrill Lynch Waqar Syed - ATB Capital Markets Keith MacKey - RBC Capital Markets John Daniel - Daniel Energy Partners Operator Ladies and gentlemen, welcome to the Patterson UTI First Quarter 2024 conference call. [Operator Instructions].
Patterson-UTI Energy, Inc. (PTEN) Q1 2024 Earnings Call Transcript
Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Mike Sabella - VP, IR Andy Hendricks - President, CEO & Director Andy Smith - CFO & EVP Conference Call Participants Luke Lemoine - Piper Sandler Jim Rollyson - Raymond James Scott Gruber - Citigroup Alexa Petrick - Goldman Sachs Derek Podhaizer - Barclays Capital Arun Jayaram - JPMorgan Stephen Gengaro - Stifel Saurabh Pant - Bank of America Merrill Lynch Waqar Syed - ATB Capital Markets Keith MacKey - RBC Capital Markets John Daniel - Daniel Energy Partners Operator Ladies and gentlemen, welcome to the Patterson UTI First Quarter 2024 conference call. [Operator Instructions].
05/01 19:00 EST - accesswire.com
Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024
HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024.
Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024
HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024.
04/24 11:06 EST - zacks.com
Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline
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.
Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline
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.
04/08 18:30 EST - accesswire.com
Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m.
Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m.