Patterson-UTI Energy/PTEN

$11.43

0.79%
-
1D1W1MYTD1YMAX

About Patterson-UTI Energy

Patterson-UTI Energy, Inc. is a provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment consists of contract drilling, directional drilling, oilfield technology and electrical controls and automation businesses. It provides contract drilling services to oil and natural gas operators in the United States and Colombia. Its Completion Services segment consists of well completion business, which includes hydraulic fracturing, wireline and pumping, completion support, cementing and pressure pumping business. The Drilling Products segment includes manufacturing and distribution of drill bits business.

Ticker

PTEN

Sector

Energy

Trading on

NASDAQ

Industry

Oil Well Services & Equipment

CEO

William Hendricks

Employees

10,600

Headquarters

Houston, United States

PTEN Metrics

BasicAdvanced
$4.52B
Market cap
11.05
P/E ratio
$1.02
EPS
2.23
Beta
$0.32
Dividend rate
2.85%
Dividend yield
$4.52B
2.22849
$16.18
$9.70
6.64M
$0.32
1.414
1.242
25.724
26.892
40.62%
21.266
9.7%
4.66%
7.6%
5.49%
11.05
1.091
0.959
1.9
15.591
1.66%
2.85%
2.85%
56.61%
45.04%
54.5%
47.36%

What the Analysts think about PTEN

Analyst Ratings

Majority rating from 19 analysts.
Buy

Price Targets

Average projection from 17 analysts.
41.03% upside
High $19.00
Low $14.00
$11.43
Current price
$16.12
Average price target

PTEN Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
3.9% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$1.58B
56.64%
Net income
$61.9M
∞%
Profit margin
3.9%
∞%

PTEN Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 19.2%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.46
$0.40
-
$0.15
-
Expected
$0.35
$0.44
$0.25
$0.19
$0.13
Surprise
30.36%
-9.25%
-
-19.2%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Patterson-UTI Energy stock?

Patterson-UTI Energy (PTEN) has a market cap of $4.52B as of April 19, 2024.

What is the P/E ratio for Patterson-UTI Energy stock?

The price to earnings (P/E) ratio for Patterson-UTI Energy (PTEN) stock is 11.05 as of April 19, 2024.

Does Patterson-UTI Energy stock pay dividends?

Yes, the Patterson-UTI Energy (PTEN) stock pays dividends to shareholders. As of April 19, 2024, the dividend rate is $0.32 and the yield is 2.85%. Patterson-UTI Energy has a payout ratio of 40.62% on a trailing twelve-month basis.

When is the next Patterson-UTI Energy dividend payment date?

The next Patterson-UTI Energy (PTEN) dividend payment date is unconfirmed.

What is the beta indicator for Patterson-UTI Energy?

Patterson-UTI Energy (PTEN) has a beta rating of 2.23. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Patterson-UTI Energy stock price target?

The target price for Patterson-UTI Energy (PTEN) stock is $16.12, which is 40.05% above the current price of $11.51. This is an average based on projections from 17 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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