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11.26
0.09%
+0.010
After Hours:
11.26
Patterson-UTI Energy Inc stock is currently priced at $11.26, with a 24-hour trading volume of 5.35M.
It has seen a +0.09% increased in the last 24 hours and a -5.70% declined in the past month.
The chart indicates a potential bearish trend, as the stock is below the $11.28 pivot point. If it approaches the $11.15 support level, significant changes may occur.
Previous Close:
$11.25
Open:
$11.22
24h Volume:
5.35M
Market Cap:
$4.49B
Revenue:
$4.15B
Net Income/Loss:
$246.29M
P/E Ratio:
7.0375
EPS:
1.6
Net Cash Flow:
$390.22M
1W Performance:
-0.71%
1M Performance:
-5.70%
6M Performance:
-13.45%
1Y Performance:
+0.63%
1D Range:
$11.02
$11.33
52W Range:
$9.70
$16.18
Patterson-UTI Energy Inc Stock (PTEN) Company Profile
Name
Patterson-UTI Energy Inc
Sector
Industry
Phone
281-765-7100
Address
10713 West Sam Houston Parkway North, Suite 800, Houston
Patterson-UTI Energy Inc Stock (PTEN) Upgrades & Downgrades
| Date | Action | Analyst | Rating Change |
|---|---|---|---|
| Jan-16-24 | Downgrade | The Benchmark Company | Buy → Hold |
| Dec-19-23 | Initiated | Goldman | Neutral |
| Oct-17-23 | Downgrade | Morgan Stanley | Overweight → Equal-Weight |
| Oct-16-23 | Upgrade | BofA Securities | Neutral → Buy |
| Oct-09-23 | Upgrade | Citigroup | Neutral → Buy |
| Sep-05-23 | Initiated | Stifel | Buy |
| Jul-19-23 | Upgrade | The Benchmark Company | Hold → Buy |
| Jul-10-23 | Upgrade | RBC Capital Mkts | Sector Perform → Outperform |
| Jun-28-23 | Initiated | CapitalOne | Equal Weight |
| Jan-19-23 | Initiated | The Benchmark Company | Hold |
| Jan-17-23 | Downgrade | Citigroup | Buy → Neutral |
| Dec-09-22 | Initiated | Raymond James | Strong Buy |
| Oct-07-22 | Resumed | Piper Sandler | Overweight |
| Jul-15-22 | Downgrade | BofA Securities | Buy → Neutral |
| Jun-01-22 | Downgrade | Piper Sandler | Overweight → Neutral |
| May-26-22 | Upgrade | JP Morgan | Underweight → Neutral |
| Apr-19-22 | Initiated | The Benchmark Company | Buy |
| Dec-21-21 | Upgrade | Piper Sandler | Neutral → Overweight |
| Dec-10-21 | Upgrade | Citigroup | Neutral → Buy |
| Dec-07-21 | Upgrade | Morgan Stanley | Equal-Weight → Overweight |
| Nov-02-21 | Upgrade | BofA Securities | Underperform → Buy |
| Sep-09-21 | Resumed | RBC Capital Mkts | Sector Perform |
| Jun-23-21 | Upgrade | Evercore ISI | In-line → Outperform |
| May-03-21 | Upgrade | Barclays | Equal Weight → Overweight |
| Jul-16-20 | Downgrade | Scotiabank | Sector Perform → Sector Underperform |
| Apr-27-20 | Downgrade | Gabelli & Co | Buy → Hold |
| Apr-14-20 | Downgrade | Cowen | Outperform → Market Perform |
| Apr-06-20 | Upgrade | Bernstein | Underperform → Mkt Perform |
| Mar-19-20 | Downgrade | Wolfe Research | Peer Perform → Underperform |
| Mar-16-20 | Downgrade | Morgan Stanley | Overweight → Equal-Weight |
| Mar-13-20 | Downgrade | Piper Sandler | Overweight → Neutral |
| Mar-10-20 | Downgrade | Raymond James | Strong Buy → Mkt Perform |
| Mar-09-20 | Downgrade | BofA/Merrill | Neutral → Underperform |
| Mar-09-20 | Downgrade | Evercore ISI | Outperform → In-line |
| Jan-14-20 | Initiated | Bernstein | Underperform |
| Dec-13-19 | Downgrade | JP Morgan | Neutral → Underweight |
| Dec-03-19 | Downgrade | Credit Suisse | Neutral → Underperform |
| Nov-20-19 | Initiated | Deutsche Bank | Sell |
| Oct-08-19 | Downgrade | BofA/Merrill | Buy → Neutral |
| Sep-30-19 | Downgrade | Citigroup | Buy → Neutral |
| Sep-26-19 | Initiated | Barclays | Equal Weight |
| Aug-28-19 | Reiterated | BofA/Merrill | Buy |
| Aug-02-19 | Downgrade | Jefferies | Buy → Hold |
| Jun-27-19 | Downgrade | Wells Fargo | Outperform → Market Perform |
View All
Patterson-UTI Energy Inc Stock (PTEN) Latest News
Exxon Mobil (XOM) Lags Q1 Earnings and Revenue Estimates
Zacks Investment Research
Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline
Zacks Investment Research
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
Zacks Investment Research
Assessing Patterson-UTI Energy: Insights From 4 Financial Analysts
Benzinga
Patterson-UTI (PTEN) Down 2% Since Last Earnings Report: Can It Rebound?
Zacks Investment Research
Should You Invest in the Invesco S&P SmallCap Energy ETF (PSCE)?
Zacks Investment Research
Patterson-UTI Energy Inc Stock (PTEN) Financials Data
Patterson-UTI Energy Inc (PTEN) Revenue 2024
PTEN reported a revenue (TTM) of $4.15 billion for the quarter ending December 31, 2023, a +56.61% rise year-over-year.
Patterson-UTI Energy Inc (PTEN) Net Income 2024
PTEN net income (TTM) was $246.29 million for the quarter ending December 31, 2023, a +59.25% increase year-over-year.
Patterson-UTI Energy Inc (PTEN) Cash Flow 2024
PTEN recorded a free cash flow (TTM) of $390.22 million for the quarter ending December 31, 2023, a +201.59% increase year-over-year.
Patterson-UTI Energy Inc (PTEN) Earnings per Share 2024
PTEN earnings per share (TTM) was $0.9502 for the quarter ending December 31, 2023, a +33.83% growth year-over-year.
Patterson-UTI Energy Inc Stock (PTEN) Insider Trading
| Insider Trading | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total |
|---|---|---|---|---|---|---|---|
| Drummond Robert Wayne Jr | Director |
Feb 29 '24 |
Sale |
11.73 |
187,916 |
2,204,255 |
2,473,239 |
| Gillard Matthew | President-Completions |
Jan 03 '24 |
Option Exercise |
0.00 |
40,406 |
0 |
118,631 |
| Gillard Matthew | President-Completions |
Jan 02 '24 |
Option Exercise |
0.00 |
18,682 |
0 |
83,740 |
| CEPAK TIFFANY THOM | Director |
Dec 01 '23 |
Sale |
11.78 |
15,000 |
176,700 |
107,081 |
| Smith Charles Andrew | EVP & Chief Financial Officer |
Sep 27 '23 |
Sale |
15.10 |
10,000 |
151,000 |
504,413 |
| Smith Charles Andrew | EVP & Chief Financial Officer |
Sep 19 '23 |
Sale |
15.90 |
10,000 |
159,000 |
514,413 |
| STEWART JAMES CARL | Director |
Sep 14 '23 |
Sale |
15.90 |
62,500 |
993,750 |
1,277,254 |
| Wexler Seth David | SVP/General Counsel/Secretary |
Sep 14 '23 |
Sale |
15.98 |
37,500 |
599,250 |
340,418 |
| Holcomb James Michael | Chief Business Officer |
Sep 13 '23 |
Sale |
15.95 |
11,816 |
188,465 |
376,109 |
| Holcomb James Michael | Chief Operating Officer |
Jul 25 '23 |
Sale |
15.47 |
8,802 |
136,167 |
387,925 |
About Patterson-UTI Energy Inc
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through two segments, Contract Drilling and Pressure Pumping. The Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2017, this segment had a drilling fleet of 295 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, nitrogen, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. Patterson-UTI Energy, Inc. also manufactures and sells pipe handling components and related technology to drilling contractors in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
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