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Patterson-UTI Energy, Inc.

PTEN.O

Latest Trade

9.79USD

Change

-0.24(-2.39%)

Volume

4,083,715

Today's Range

9.63

 - 

10.31

52 Week Range

2.38

 - 

10.99

As of on the NASDAQ ∙ Minimum 15 minute delay

Pricing

Previous Close
10.03
Open
9.72
Volume
4,083,715
3M AVG Volume
42.37
Today's High
10.31
Today's Low
9.63
52 Week High
10.99
52 Week Low
2.38
Shares Out (MIL)
188.52
Market Cap (MIL)
1,890.82
Forward P/E
-5.00
Dividend (Yield %)
0.80

Next Event

Q2 2021 Patterson-UTI Energy Inc Earnings Release

Latest Developments

More

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

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About Patterson-UTI Energy, Inc.

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.

Industry

Oil Well Services & Equipment

Contact Info

10713 W Sam Houston Pkwy N Ste 800

HOUSTON, TX

77064-3577

United States

+1.281.7657100

http://www.patenergy.com

Executive Leadership

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

Key Stats

2.86 mean rating - 14 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2018

3.3K

2019

2.5K

2020

1.1K

2021(E)

1.2K
EPS (USD)

2018

-0.340

2019

-1.010

2020

-2.150

2021(E)

-1.958
Price To Earnings (TTM)
--
Price To Sales (TTM)
2.06
Price To Book (MRQ)
0.99
Price To Cash Flow (TTM)
11.70
Total Debt To Equity (MRQ)
47.16
LT Debt To Equity (MRQ)
47.16
Return on Investment (TTM)
-14.82
Return on Equity (TTM)
-13.50

Latest News

Latest News

Patterson-UTI sees drilling activity picking up through early next year

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.

Patterson-UTI sees 60% decline in activity as oil prices crater

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.

BRIEF-Patterson-Uti Addresses Current Market Conditions And Provides Operational Update

* PATTERSON-UTI ADDRESSES CURRENT MARKET CONDITIONS AND PROVIDES OPERATIONAL UPDATE

Patterson-UTI posts bigger-than-expected loss, points to recovery

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 posts smaller quarterly loss on cost cuts

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.

Patterson-UTI cost cuts help it post smaller-than-expected loss

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.

Patterson-UTI posts wider adjusted loss on shale slowdown

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.

Patterson-UTI says no plans to invest in e-frac, points to oversupplied 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.

Patterson-UTI expects decline in pressure pumping activity in third quarter

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.

Exclusive: Oilfield services firm Patterson-UTI explores split

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.

Patterson-UTI says shale fracturing market becoming saturated

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.

Patterson-UTI pulls back additional hydraulic fracturing fleets

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.

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