Patterson-UTI Energy Inc. (PTEN)
AI Score
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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 |
Company Description
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 Texas, and Colombia.
As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs.
The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region.
The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration.
It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries 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.
Country | United States |
IPO Date | Nov 2, 1993 |
Industry | Oil & Gas Drilling |
Sector | Energy |
Employees | 10,600 |
CEO | William Andrew Hendricks Jr. |
Contact Details
Address: 10713 West Sam Houston Parkway North Houston, Texas United States | |
Website | https://www.patenergy.com |
Stock Details
Ticker Symbol | PTEN |
Exchange | NASDAQ |
Fiscal Year | January - December |
Reporting Currency | USD |
CIK Code | 0000889900 |
CUSIP Number | 703481101 |
ISIN Number | US7034811015 |
Employer ID | 75-2504748 |
SIC Code | 1381 |
Key Executives
Name | Position |
---|---|
William Andrew Hendricks Jr. | President, Chief Executive Officer & Director |
C. Andrew Smith CPA | Executive Vice President & Chief Financial Officer |
Diana Dotolo | Senior Vice President of Human Resources |
James Michael Holcomb | Executive Vice President & Chief Business Officer |
Kathryn Roark | Senior Vice President of Sustainability, Diversity & Culture |
Kenneth N. Berns CPA | Executive Vice President & Chief Commercial Officer |
Marty Unrein | Senior Vice President of Sales & Marketing |
Matt Pye | Senior Vice President of Industry Affairs |
Michael James Sabella | Vice President of Investor Relations |
Seth D. Wexler J.D. | Senior Vice President, General Counsel & Secretary |
Latest SEC Filings
Date | Type | Title |
---|---|---|
Jan 07, 2025 | 8-K | Current Report |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |
Jan 03, 2025 | 4 | Filing |