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Market Cap 3.30B P/E 12.30 EPS this Y -42.00% Ern Qtrly Grth -48.60%
Income 197.85M Forward P/E 10.54 EPS next Y 74.50% 50D Avg Chg 23.00%
Sales 4.87B PEG 0.51 EPS past 5Y -10.44% 200D Avg Chg 9.00%
Dividend 2.00% Price/Book 1.87 EPS next 5Y 44.60% 52W High Chg -22.00%
Recommedations 1.90 Quick Ratio 1.16 Shares Outstanding 401.70M 52W Low Chg 60.00%
Insider Own 2.47% ROA 5.11% Shares Float 364.54M Beta 2.24
Inst Own 97.36% ROE 6.16% Shares Shorted/Prior 23.64M/26.44M Price 15.50
Gross Margin 30.61% Profit Margin 4.07% Avg. Volume 3,918,540 Target Price 15.53
Oper. Margin 6.57% Earnings Date Jul 25 Volume 4,155,278 Change -1.40%
About Patterson-UTI Energy, Inc.

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, Inc. News
06:27 AM Patterson-UTI Energy (NASDAQ:PTEN) Is Due To Pay A Dividend Of $0.08
05/13/24 Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE
05/09/24 The Patterson-UTI Energy, Inc. (NASDAQ:PTEN) First-Quarter Results Are Out And Analysts Have Published New Forecasts
05/07/24 Patterson-UTI Energy (NASDAQ:PTEN) Has Affirmed Its Dividend Of $0.08
05/06/24 Patterson-UTI Reports Drilling Activity for April 2024
05/03/24 Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q1 2024 Earnings Call Transcript
05/03/24 Patterson-UTI Energy First Quarter 2024 Earnings: In Line With Expectations
05/03/24 Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates
05/03/24 Patterson-UTI Energy Inc (PTEN) Q1 2024 Earnings Call Transcript Highlights: Key Financial ...
05/02/24 Q1 2024 Patterson-UTI Energy Inc Earnings Call
05/02/24 Patterson-UTI Energy Inc (PTEN) Aligns with EPS Projections, Surpasses Revenue Estimates in Q1 2024
05/01/24 Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024
04/25/24 Those who invested in Patterson-UTI Energy (NASDAQ:PTEN) three years ago are up 78%
04/24/24 Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline
04/21/24 15 Best Affordable Dividend Stocks To Invest In Right Now
04/08/24 Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
04/03/24 Patterson-UTI Reports Drilling Activity for March 2024
04/03/24 Backing Fracking: 3 Shale Stocks to Buy Before the 2024 Election
03/19/24 3 High-Risk, High-Reward Stocks Worth Betting On for Under $20
03/15/24 Patterson-UTI (PTEN) Down 2% Since Last Earnings Report: Can It Rebound?
PTEN Chatroom

User Image TeresaTrades Posted - 10 hours ago

Largest PUT OI increases $WBD $SBUX $PTEN $PFE $FCX

User Image TeresaTrades Posted - 1 day ago

Heavy options volume $IBB $ITB $PTEN $DQ $BNED

User Image ApexSeidon Posted - 3 days ago

$PTEN 10P STO 7/19exp $793k .17 Avg

User Image TeresaTrades Posted - 3 days ago

Largest PUT OI increases $INVZ $PTEN $IQ $FFIE $PDD

User Image davooo Posted - 5 days ago

$PTEN US drillers add oil and gas rigs for first time in four weeks - Baker Hughes May 17 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. Shale production, which represents about three-quarters of total U.S. oil output, is rising due to improved well productivity. Production per new rig in the Permian basin that straddles West Texas and New Mexico, is expected in June to reach the highest monthly output per rig since November 2021.🙏

User Image TeresaTrades Posted - 6 days ago

Heavy options volume $FTDR $FFIE $ASTS $OPK $PTEN

User Image Sulaiman04 Posted - 6 days ago

$PTEN $PBR $LCID $FFIE $OKLO

User Image TeresaTrades Posted - 6 days ago

Largest PUT OI increases $PTEN $LCID $OKLO $FFIE $PBR

User Image davooo Posted - 6 days ago

$PTEN Crude oil prices were on the climb today, set for a weekly gain on signs of strong demand coming from economic reports in key markets. If the week does end with an overall gain, it would be the first one in three weeks, according to Reuters. "WTI crude oil prices seem to have found a near-term floor/support at around US$78.40/barrel after a 9%+ decline from 26 April in the past week due to several encouraging factors such as two consecutive weeks of decline in U.S. crude oil stockpile and more upcoming 'piecemeal' stimulus measures from China," OANDA analyst Kelvin Wong told the publication. 😞

User Image TeresaTrades Posted - 1 week ago

Largest PUT OI increases $WBD $PTEN $RIVN $MPW $ZI

User Image briefingcom Posted - 1 week ago

$PTEN: Patterson-UTI signs term sheet to partner with ADNOC drilling in the UAE https://www.briefing.com/in-depth-analysis/content/article?ArticleId=IN20240513062225PTEN&utm_campaign=inplay&utm_medium=social&utm_source=st&utm_content=view_page

User Image Stock_Titan Posted - 1 week ago

$PTEN Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE https://www.stocktitan.net/news/PTEN/patterson-uti-signs-term-sheet-to-partner-with-adnoc-drilling-in-the-7a0i0n4ns4iq.html

User Image TeresaTrades Posted - 2 weeks ago

Heavy options volume $PTEN $BMBL $NNOX $CI $LFMD

User Image WallStJesus Posted - 2 weeks ago

$PTEN PUT SELLER DETECTED IN THE ENERGY PLAY

User Image StockInvest_us Posted - 2 weeks ago

Signal alert: $PTEN - PivotPoint bottom https://stockinvest.us/l/9POuD8SGIl

User Image StockInvest_us Posted - 2 weeks ago

Signal alert: $PTEN - Possible Runner https://stockinvest.us/l/adujtmOk5V

User Image Stock_Titan Posted - 2 weeks ago

$PTEN Patterson-UTI Reports Drilling Activity for April 2024 https://www.stocktitan.net/news/PTEN/patterson-uti-reports-drilling-activity-for-april-wkh70lja6c8v.html

User Image sister Posted - 2 weeks ago

$RIG seeing Big Buyers coming in for that 6.88 initial gapfill as shorts head for exits. $SLB $HAL $NE $PTEN

User Image davooo Posted - 3 weeks ago

$PTEN From OilPrice: According StanChart and their model, the fastest rate of stock draws in the first half of 2024 should happen in May and June, essentially meaning that we are now entering a key period for oil fundamentals that will determine whether the market will tighten further or disappoint. StanChart says the key metric to watch is global oil demand, which they have predicted will hit an all-time high of 103.1 mb/d in May and rise further to 103.8 mb/d in June. The analysts have forecast y/y demand growth at 1.62 mb/d in May and 1.74 mb/d in June. 🏞️

User Image davooo Posted - 3 weeks ago

$PTEN From OilPrice: The oil and gas outlook appears more bullish on a global scale. According to commodity analysts at Standard Chartered, oil supply and demand balances show a significant tightening in the current year, a sharp contrast to large surplus conditions of early 2023. StanChart’s model shows a cumulative global stock draw of 189 million barrels (mb) in H1-2024 compared to a build of 218 mb recorded over last year’s corresponding period which overhung the market and flattened forward price curves. StanChart’s model shows a cumulative global stock draw of 189 million barrels (mb) in H1-2024 compared to a build of 218 mb recorded over last year’s corresponding period which overhung the market and flattened forward price curves.🔙

User Image DonCorleone77 Posted - 3 weeks ago

$PTEN Patterson-UTI sees U.S. Contract Drilling operating average of 114 rigs in Q2 The company said, "We see steady drilling and completion activity in oil basins, with the expectation that a few operators may add drilling rigs later this year based on current oil prices. Our activity in natural gas basins has so far been more resilient than we previously anticipated, although we have continued to see some activity decline in the second quarter. We currently expect our activity in natural gas basins will remain steady with second quarter levels through year-end. Within the Drilling Services segment, we expect U.S. Contract Drilling to operate an average of 114 U.S. rigs in the second quarter, with adjusted gross profit per operating day down roughly $300 from the prior quarter. Aside from U.S. Contract Drilling, we expect other Drilling Services adjusted gross profit will be down slightly in the second quarter compared to the prior quarter. Completion Services activity has declined slightly to start the second quarter, mostly in the natural gas basins where our customers continue to slow activity in response to current natural gas prices. We also expect to see a few dedicated fleets operate in the second quarter with planned gaps in the schedule. Completion Services revenue for the second quarter is expected to be approximately $860 million, with approximately $690 million in direct operating costs and an adjusted gross profit of around $170 million. We expect an improvement in activity in the third quarter as our dedicated and long-term customers resume completion activity after new pads are drilled. We are continuing our electric fleet deployment and remain on pace to have 140,000 horsepower of electric frac equipment working by mid-2024. Second quarter results in our Drilling Products segment are expected to be relatively in line with the first quarter, as continued growth in our International operations is expected to largely offset seasonal activity declines from Canadian spring breakup. For the second quarter, Other revenue and adjusted gross profit is expected to be roughly flat with the first quarter. For the second quarter, we expect selling, general and administrative expense of approximately $65 million, and depreciation, depletion, amortization, and impairment expense of approximately $265 million."

User Image DonCorleone77 Posted - 3 weeks ago

$PTEN Patterson-UTI reports Q1 adjusted EPS 15c, consensus 13c Reports Q1 revenue $1.5B, consensus $1.52B. "The first quarter was another strong quarter for Patterson-UTI, and we met our adjusted gross profit guidance at each of our operating segments," said Andy Hendricks, Chief Executive Officer. "We are pleased with the way our team navigated a challenging market to start the year. Activity in both our U.S. drilling and completion businesses again outperformed, and our customers are recognizing the value that is being created by our top-tier service offerings. Our customers place a high value on differentiated services and technologies, which will benefit Patterson-UTI over the long-term as we look to create value for our shareholders."

User Image Stock_Titan Posted - 3 weeks ago

$PTEN Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024 https://www.stocktitan.net/news/PTEN/patterson-uti-energy-reports-financial-results-for-the-quarter-ended-pnp58dt0k9ws.html

User Image YoloAlfred Posted - 3 weeks ago

$PTEN 🧐🧐🧐🧐🤔🤔🤔🤔

User Image sister Posted - 3 weeks ago

$RIG added large @ 5.19 for initial 6.88 Snapback -- be a Top 2024 Performer w/stellar Earnings yesterday and retiring debt. $SLB $HAL $NE $PTEN

User Image TeresaTrades Posted - 3 weeks ago

Largest PUT OI increases $PTEN $AMZN $SPCE $SIRI $CCJ

User Image sister Posted - 04/30/24

$RIG this dip is bringing in the Big Buyers needed for that moonshot to 8.88 -- You betcha. $SLB $HAL $PTEN $CHK

User Image sister Posted - 04/30/24

$RIG added large again @ 5.47 for sharp reversal to 6.88 on those stellar results . . . Upgrades forthcoming. $SLB $HAL $NE $PTEN

User Image sister Posted - 04/29/24

Even a hint of a future dividend reinstatement for $RIG on that 9 a.m. ET cc tomorrow morning ignites that squeeze to 8.88 which is long overdue . . . $VAL $PTEN $BP $TDW

User Image TeresaTrades Posted - 04/26/24

Largest PUT OI increases $PTEN $GILD $HL $AGNC $UBER

Analyst Ratings
Piper Sandler Overweight May 6, 24
Benchmark Hold May 6, 24
Evercore ISI Group Outperform May 3, 24
B of A Securities Buy Apr 15, 24
Susquehanna Positive Apr 8, 24
Susquehanna Positive Apr 1, 24
Evercore ISI Group Outperform Feb 20, 24
RBC Capital Outperform Feb 16, 24
Raymond James Strong Buy Feb 16, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
CEPAK TIFFANY THOM Director Director Dec 01 Sell 11.78 15,000 176,700 107,081 12/05/23
Smith Charles Andrew EVP & Chief Financia.. EVP & Chief Financial Officer Sep 27 Sell 15.10 10,000 151,000 504,413 09/29/23
Smith Charles Andrew EVP & Chief Financia.. EVP & Chief Financial Officer Sep 19 Sell 15.90 10,000 159,000 514,413 09/21/23
STEWART JAMES CARL Director Director Sep 14 Sell 15.90 62,500 993,750 1,277,254 09/18/23
Holcomb James Michael Chief Business Offic.. Chief Business Officer Sep 13 Sell 15.95 11,816 188,465 376,109 09/15/23
Wexler Seth David SVP/General Counsel/.. SVP/General Counsel/Secretary Sep 14 Sell 15.98 37,500 599,250 340,418 09/15/23
Holcomb James Michael Chief Operating Offi.. Chief Operating Officer Jul 25 Sell 15.47 8,802 136,167 387,925 07/27/23
Holcomb James Michael Chief Operating Offi.. Chief Operating Officer Jul 17 Sell 14.71 16,666 245,157 396,727 07/19/23
Hendricks William Andrew JR President & CEO President & CEO Jul 18 Sell 14.84 200,000 2,968,000 1,886,874 07/19/23
Hendricks William Andrew JR President & CEO President & CEO Jul 13 Sell 14.06 100,000 1,406,000 2,086,874 07/17/23
Holcomb James Michael President-Drilling S.. President-Drilling Subsidiary Nov 04 Sell 18.65 58,335 1,087,948 273,108 11/07/22
Holcomb James Michael President-Drilling S.. President-Drilling Subsidiary Oct 26 Sell 16.01 16,666 266,823 331,443 10/28/22
Holcomb James Michael President-Drilling S.. President-Drilling Subsidiary Jul 29 Sell 16.31 8,333 135,911 356,442 08/02/22
Hendricks William Andrew JR President & CEO President & CEO Jul 11 Sell 13.76 100,000 1,376,000 1,801,374 07/13/22
BERNS KENNETH N Executive Vice Presi.. Executive Vice President May 25 Sell 18.23 162,000 2,953,260 34,000 05/27/22
Hendricks William Andrew JR President & CEO President & CEO May 10 Sell 14.61 100,000 1,461,000 2,201,374 05/12/22
BERNS KENNETH N Executive Vice Presi.. Executive Vice President Apr 22 Option 16.2 160,000 2,592,000 1,111,979 04/26/22
Smith Charles Andrew EVP & Chief Financia.. EVP & Chief Financial Officer Apr 12 Sell 17.33 74,682 1,294,239 249,803 04/14/22
Smith Charles Andrew EVP & Chief Financia.. EVP & Chief Financial Officer Apr 04 Sell 16.55 318 5,263 339,336 04/06/22
BERNS KENNETH N Executive Vice Presi.. Executive Vice President Mar 21 Sell 15.31 190,000 2,908,900 70,000 03/23/22
Wexler Seth David SVP/General Counsel/.. SVP/General Counsel/Secretary Mar 10 Sell 15.95 60,000 957,000 316,417 03/11/22
Holcomb James Michael President-Drilling S.. President-Drilling Subsidiary Mar 10 Sell 15.97 60,000 958,200 409,626 03/11/22
Smith Charles Andrew EVP & Chief Financia.. EVP & Chief Financial Officer Mar 10 Sell 16.20 50,000 810,000 340,273 03/11/22
Smith Charles Andrew EVP & Chief Financia.. EVP & Chief Financial Officer Mar 07 Sell 15.95 75,000 1,196,250 390,273 03/09/22
Holcomb James Michael President-Drilling S.. President-Drilling Subsidiary Mar 01 Sell 14.09 66,730 940,226 469,626 03/02/22