52 Week Range
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Patterson-Uti Energy Reports Financial Results For The Three Months Ended March 31, 2021
Patterson-UTI Energy Posts Q4 Loss Per Share $0.57
Patterson-UTI Energy Says Co Had Average Of 64 Drilling Rigs Operating for December
Patterson-UTI Energy, Inc. is an oilfield services company. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company's segments include Contract Drilling, Pressure Pumping and Other operations. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators. As of December 31, 2016, the Company had 202 marketed land-based drilling rigs. The Pressure Pumping segment provides pressure pumping services to oil and natural gas operators primarily in Texas (Southwest Region) and the Appalachian region (Northeast Region). The Other operations segment includes the Company's pipe handling components and related technology business, the oil and natural gas working interests and the Middle East/North Africa business. In addition, the Company owns and invests in oil and natural gas assets as a non-operating working interest owner in Texas and New Mexico.
Oil Well Services & Equipment
10713 W Sam Houston Pkwy N Ste 800
Curtis W. Huff
Independent Chairman of the Board
William Andrew Hendricks
President, Chief Executive Officer, Director
C. Andrew Smith
Chief Financial Officer, Executive Vice President
James M. Holcomb
President of Patterson-UTI Drilling Company LLC
Kenneth N. Berns
Executive Vice President, Chief Commercial Officer
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U.S. oilfield services firm Patterson-UTI Energy <PTEN.O> expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call.
Oilfield service firm Patterson-UTI Energy Inc <PTEN.O> on Thursday warned investors it would see a 60% decline in activity this year as shale companies slash spending and halt activity amid an unprecedented decline in oil prices.
* PATTERSON-UTI ADDRESSES CURRENT MARKET CONDITIONS AND PROVIDES OPERATIONAL UPDATE
Oilfield services provider Patterson-UTI Energy Inc <PTEN.O> reported a bigger-than-expected quarterly loss on Thursday, but forecast a modest increase in rig count in early 2020.
Patterson-UTI Energy Inc reported a smaller quarterly loss on Thursday, as the oilfield services provider slashed costs by half in the face of ongoing decline in North American drilling activity.
Oilfield services firm Patterson-UTI reported a smaller-than-expected loss on Thursday, as cost cuts helped it limit the impact of an ongoing decline in North American shale activity.
Oilfield services provider Patterson-UTI Energy Inc reported a wider quarterly adjusted loss on Thursday, hurt by a slowdown in pressure pumping activity across the North American shale market.
Oilfield services provider Patterson-UTI on Tuesday said it had no plans to invest in electric hydraulic fracturing fleets, pointing to the high cost of building equipment and the oversupplied pressure pumping market.
Oilfield service firm Patterson-UTI <PTEN.O> on Thursday said it would maintain 15 hydraulic fracturing crews during the third quarter, even as it warned investors that pressure pumping activity would likely be lower.
Patterson-UTI Energy Inc is exploring the potential divestment of its pressure pumping business, a deal that could be worth around $1 billion and break up the U.S. oilfield services firm, people familiar with the matter said on Thursday.
Shares of oilfield services provider Patterson-UTI Energy Inc <PTEN.O> fell on Thursday after the company reported weaker-than-expected results in its pressure pumping business, stoking investor concerns that the market is over supplied.
Oilfield services provider Patterson-UTI on Thursday said it would temporarily stop deploying new pressure pumping fleets to hydraulically fracture oil and gas wells due to oversupply in the market.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.