Patterson-UTI Energy Inc. (PTEN) Stock Price, Quote & News

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Bullish Probability	Sentiment	Score
+80%	Strong Buy	10
+75%	Buy	9
+70%	Buy	8
+60%	Buy	7
+50%	Hold	6
+45%	Hold	5
+40%	Hold	4
+35%	Sell	3
+30%	Sell	2
+20%	Strong Sell	1

Patterson-UTI Energy Inc. (PTEN)

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AI Score

Bullish Probability	Sentiment	Score
+80%	Strong Buy	10
+75%	Buy	9
+70%	Buy	8
+60%	Buy	7
+50%	Hold	6
+45%	Hold	5
+40%	Hold	4
+35%	Sell	3
+30%	Sell	2
+20%	Strong Sell	1

8.95

0.27 (3.11%)

At close: Jan 14, 2025, 3:59 PM

8.94

-0.11%

Pre-market Jan 15, 2025, 06:35 AM EST

undefined% (undefined)

Bid	8.94
Market Cap	3.49B
Revenue (ttm)	-
Net Income (ttm)	-
EPS (ttm)	-2.2
PE Ratio (ttm)	-4.07
Forward PE	n/a
Analyst	Buy

Ask	9.05
Volume	5,849,051
Avg. Volume (20D)	8,978,413
Open	8.67
Previous Close	8.68
Day's Range	8.66 - 9.04
52-Week Range	7.15 - 12.65
Beta	undefined

About PTEN

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East...

[Show more]

Industry Oil & Gas Drilling

Sector Energy

IPO Date Nov 2, 1993

Employees 10,600

Stock Exchange NASDAQ

Ticker Symbol PTEN

Website https://www.patenergy.com

Analyst Forecast

According to 12 analyst ratings, the average rating for PTEN stock is "Buy." The 12-month stock price forecast is $11, which is an increase of 22.91% from the latest price.

Buy 83.33%

Hold 16.67%

Sell 0.00%

Stock Forecasts

Next Earnings Release

Patterson-UTI Energy Inc. is scheduled to release its earnings on Feb 5, 2025, after market closes.
Analysts project revenue of $1.36B, reflecting a -14.14% YoY shrinking and earnings per share of 0.04, making a -78.95% decrease YoY.

Why Price Moved

2 months ago · Source

+10.53%

Shares of oil and fossil fuel companies are tradin... Unlock content with Pro Subscription

4 months ago · Source

Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

News

1 day ago · marketbeat.com

Why Goldman Sachs Just Upgraded These 3 Stocks and What It Means

Investors often have access to the best minds on Wall Street without even knowing it most of the time, and this is a critical piece of information everyone should keep track of to reverse engineer wha...

1 week ago · https://thefly.com

Patterson-UTI price target lowered to $13 from $14 at Stifel

Stifel analyst Stephen Gengaro lowered the firm's price target on Patterson-UTI to $13 from $14 and keeps a Buy rating on the shares. Heading into 2025, the firm expects "more of the same" in the Oil ...

1 week ago · zacks.com

VAL, PTEN, RIG: 3 Oil & Gas Drilling Stocks Holding Promise

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like VAL, RIG and PTEN.

3 weeks ago · seekingalpha.com

Patterson-UTI: Cheap Despite Leading Yield And Buyback And Power Segment Potential

Patterson-UTI Energy, Inc. underperformed its peer group in 2024. Rigs and pressure pumping are expected to see modest recoveries in 2025, helping to generate significant free cash flow. The dividend ...

1 month ago · seekingalpha.com

Why I'm Downranking Patterson-UTI To Hold

Oilfield service company Patterson-UTI's market capitalization is $3.2 billion, and it pays a 3.9% dividend. It took a nearly $1 billion asset write-down in 3Q24. Although the new administration plans...

1 month ago · zacks.com

Patterson-UTI (PTEN) Up 4.9% Since Last Earnings Report: Can It Continue?

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?

2 months ago · seekingalpha.com

Patterson-UTI: Prioritizing Free Cash Flow And Shareholder Returns

The Q3 commentary suggested a delay in the rebound of U.S. oilfield activity. However, PTEN is actively managing capex and is able to turn out ample cash flow even at the current activity levels. The ...

2 months ago · seekingalpha.com

Patterson-UTI Energy, Inc. (PTEN) Q3 2024 Earnings Call Transcript

Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q3 2024 Earnings Call October 24, 2024 10:00 AM ET Company Participants Michael Sabella - Investor Relations Andy Hendricks - President and Chief Executive Of...

2 months ago · zacks.com

Patterson-UTI Energy's Q3 Earnings Fall Y/Y, Sales Beat Estimates

PTEN projects its fourth-quarter expenses to total $65 million for selling, general and administrative costs and $150 million for capital expenditures.

2 months ago · zacks.com

Patterson-UTI (PTEN) Reports Break-Even Earnings for Q3

Patterson-UTI (PTEN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.20 per share a year ago.

2 months ago · zacks.com

Patterson-UTI Energy to Report Q3 Earnings: What's in Store for the Stock?

PTEN is expected to report higher revenues from the year-ago period. The company is anticipated to see a lower bottom line due to rising costs.

2 months ago · 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.