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Market Cap 3.30B P/E 12.30 EPS this Y -71.60% Ern Qtrly Grth -86.90%
Income 124.31M Forward P/E 10.54 EPS next Y 96.00% 50D Avg Chg 23.00%
Sales 5.45B PEG 0.71 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 2.10 Quick Ratio 1.19 Shares Outstanding 393.05M 52W Low Chg 60.00%
Insider Own 2.52% ROA 4.50% Shares Float 355.94M Beta 2.14
Inst Own 102.22% ROE 3.95% Shares Shorted/Prior 26.37M/28.49M Price 15.50
Gross Margin 29.25% Profit Margin 2.28% Avg. Volume 3,918,540 Target Price 13.10
Oper. Margin 4.14% Earnings Date Nov 6 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
11/22/24 Patterson-UTI (PTEN) Up 4.9% Since Last Earnings Report: Can It Continue?
11/05/24 Patterson-UTI Reports Drilling Activity for October 2024
10/27/24 Patterson-UTI Energy (NASDAQ:PTEN) Is Paying Out A Dividend Of $0.08
10/25/24 Q3 2024 Patterson-UTI Energy Inc Earnings Call
10/25/24 Patterson-UTI Energy Inc (PTEN) Q3 2024 Earnings Call Highlights: Navigating Challenges and ...
06:00 PM Patterson-UTI (PTEN) Reports Break-Even Earnings for Q3
04:54 PM Patterson-UTI: Q3 Earnings Snapshot
04:40 PM Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2024
10/21/24 Patterson-UTI Energy to Report Q3 Earnings: What's in Store for the Stock?
10/17/24 Shareholders in Patterson-UTI Energy (NASDAQ:PTEN) are in the red if they invested a year ago
10/17/24 Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
10/14/24 Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast
10/10/24 Is Patterson-UTI Energy, Inc. (PTEN) the Best Stock Under $10 With High Potential?
10/06/24 Patterson-UTI Energy, Inc. (PTEN): Most Undervalued Stock to Consider for Investment
10/03/24 Patterson-UTI Reports Drilling Activity for September 2024
10/01/24 Is Patterson-UTI Energy, Inc. (PTEN) the Hidden Gem in the Energy Sector After Recent Hedge Fund Interest?
09/30/24 Patterson-UTI Energy Unit, Schlumberger Form Joint Venture With ADNOC Drilling
09/30/24 Patterson-UTI and ADNOC Drilling Sign Agreements to Formalize the Previously Announced Joint Venture in the UAE
09/09/24 Patterson-UTI Reports Drilling Activity for August 2024
10:31 AM Why Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report?
PTEN Chatroom

User Image TeresaTrades Posted - 11 hours ago

Heavy options volume $PTEN $FEZ $XLI $APA $AVPT

User Image DerekQuick Posted - 1 day ago

@chump2234 Nice! Imagine if $PTEN has a nice run too in the coming year. Would be nice to Drill drill drill and have a meta tiny run.

User Image DerekQuick Posted - 2 days ago

$META Remember that time when meta was $88 and everyone was bearish. Lol there are more stocks today trading at pre year 2000 levels. Some deep value plays . People don't care until the stock is up 500% lol. $WBA $PYPL $AAP $PTEN

User Image chump2234 Posted - 2 days ago

$PTEN Have a pretty good assumption that management will ramp up share buy backs at these low prices prior to trump getting into office. They have roughly enough to buyback 100 million shares. If they do start stock buybacks it will trigger a short covering with 10% of the float shorted. As of September 30, 2024, we had remaining authorization to purchase approximately $780 million of our outstanding common stock under the stock buyback program. Shares of stock purchased under the buyback program are held as treasury shares.

User Image DamnLucky123 Posted - 6 days ago

$LBRT No fake numbers going forward!! No manipulation on demand!! $KLXE $RIG $HAL $PTEN All should fly from here!!

User Image MadM Posted - 1 week ago

$XOM Driller Sector gave up at res line. $RIG $NE $PTEN etc

User Image MichaelAR Posted - 1 week ago

$PTEN any oil company right now is worth a longtime investment. DRILL BABY DRILL

User Image TalkMarkets Posted - 1 week ago

Drilling For #Oil Drilling Stocks $HP $NE $PTEN $SOC https://talkmarkets.com/content/stocks--equities/drilling-for-oil-drilling-stocks?post=468741

User Image DamnLucky123 Posted - 2 weeks ago

$KLXE https://www.wsj.com/world/middle-east/trump-to-renew-maximum-pressure-campaign-against-iran-f0db5fd5?st=ddzUoy Drill baby drill!! $HAL $HP $RIG $PTEN

User Image DamnLucky123 Posted - 2 weeks ago

$KLXE best potential golden ticket item here!! Don't miss this great opportunity to load and quadruple your bets!! $PTEN $OIS $SLB $HAL

User Image DamnLucky123 Posted - 2 weeks ago

$KLXE don't miss your golden ticket!! $PTEN $RIG $BORR $SLB

User Image Mra888 Posted - 2 weeks ago

$PTEN drill baby drill..🤑🤑

User Image Inostock Posted - 2 weeks ago

$PTEN what will happen today after Trump?

User Image DamnLucky123 Posted - 2 weeks ago

$HAL $SLB $KLXE $PTEN $HP Drill baby drill!!!!

User Image jjmstocks1 Posted - 2 weeks ago

$PTEN -29% YTD .. provides land drilling & pressure pumping services, directional drilling, rental equipment .. double inside the last 2 sessions .. getting real tight ..

User Image BillionaireTaco Posted - 2 weeks ago

$PTEN $10 by EOW

User Image YoloAlfred Posted - 3 weeks ago

$PTEN Step back let them do the work bring it down to $6 then load the boat...that's my plan

User Image JohnAF Posted - 3 weeks ago

$PTEN Someone has 140 000 PUT contracts for 6$. If you're wondering why it's dropping... That is exactly why. Someone is manipulating tf out of this to bank hard on those puts

User Image Shehzad1985 Posted - 3 weeks ago

$PTEN why we dropping i bought it for trump.

User Image TeresaTrades Posted - 3 weeks ago

Largest PUT OI decreases $PTEN $BHC $AVDL $HLF $UBER

User Image TeresaTrades Posted - 3 weeks ago

Largest PUT OI increases $PTEN $RIOT $WEN $APLD $NVDA

User Image YoloAlfred Posted - 10/30/24

$PTEN added 500.......Drill baby drill.......It's going to happen

User Image trader2360 Posted - 10/30/24

$PTEN... it's a very good stock to hold.

User Image Inostock Posted - 10/30/24

$PTEN watching for an entry

User Image junkiegite Posted - 10/29/24

@indievestments I'm considering $ACDC, but oil/gas was down during Trump admin because of high supply and low prices. Look at $HAL and $PTEN during 2016-2019

User Image Kevinmatte9 Posted - 10/28/24

$PTEN Here are the stock prices since the beginning. The stock price ended this Friday at $8,17. The PE ratio has dropped from 52 to negative -3.71 following the earnings last Thursday; the Industry's PE average is 7.96. The ratio of shares held by institutions is 103%, which is very good. On September 29th there were many institutions that bought shares, as on June 29th. Not many sales. Here we can see the Bullish signals with the 1 week chart (5 years). The price is traded below the 200EMA. Volume increased a lot. Volatility seems to want to increase since the beginning of August. Momentum still flat. Positive divergences with the RSI and the MACD. There are also Golden Crosses. In the shorter term, in the 1 day chart, the RSI is at 52.24 right in the sweet spot and the MACD is almost "positive". Reversal soon? Price target = 26 to 32$

User Image Thestocktraderhubzee Posted - 10/28/24

WATCHLIST OCT 28 2024. $PEGA Barclays Maintains Equal-Weight on Pegasystems, Raises Price Target to $82 $PTEN RBC Capital Maintains Outperform on Patterson-UTI Energy, Lowers Price Target to $11 $NDAQ RBC Capital Reiterates Outperform on Nasdaq, Maintains $88 Price Target $ADT RBC Capital Maintains Sector Perform on ADT, Raises Price Target to $9 $ARE RBC Capital Downgrades Alexandria Real Estate to Sector Perform, Lowers Price Target to $125

User Image codym Posted - 10/25/24

$PTEN this shit acts weird everyday. Bullish and bearish at the same time

User Image matrix179 Posted - 10/24/24

$PTEN Could this be a decent swing trade mid-term if trump wins the election hummm

User Image _www_larval_com_ Posted - 10/24/24

$CCTG -16%[53%] $SAG -13%[9%] $SUNE -6%[10%] $PTEN -5%[-1%] $LTBR -4%[-4%] most notable movement within the first minutes of trading.

Analyst Ratings
Morgan Stanley Equal-Weight Sep 16, 24
Citigroup Buy Sep 13, 24
ATB Capital Outperform Sep 4, 24
Barclays Overweight Aug 16, 24
RBC Capital Outperform Jul 26, 24
Stifel Buy Jul 16, 24
B of A Securities Buy Jul 15, 24
Piper Sandler Overweight Jul 15, 24
Susquehanna Positive Jul 11, 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