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PTEN

Patterson-UTI Energy Inc

Oct 14 • 04:00PM ET

8.25

Dollar change -0.04
Percentage change -0.48	%

Energy • Oil & Gas Drilling • USA • NASD

Peers: SLB HP HAL NOV LBRT NBR PUMP WTTR OIS RES

| Held by: IJR CALF VTI VB IWM VBR AVUV OIH VXF IWN

Scroll to Statements

Index	RUT	P/E	27.42	EPS (ttm)	0.30	Insider Own	9.80%	Shs Outstand	411.20M	Perf Week	-3.62%
Market Cap	3.24B	Forward P/E	37.63	EPS next Y	0.22	Insider Trans	-0.54%	Shs Float	354.53M	Perf Month	4.30%
Income	124.31M	PEG	0.61	EPS next Q	0.02	Inst Own	94.54%	Short Float	8.40%	Perf Quarter	-23.96%
Sales	5.45B	P/S	0.59	EPS this Y	-84.39%	Inst Trans	3.05%	Short Ratio	4.10	Perf Half Y	-28.20%
Book/sh	11.67	P/B	0.71	EPS next Y	12.38%	ROA	2.45%	Short Interest	29.77M	Perf Year	-38.25%
Cash/sh	0.19	P/C	43.21	EPS next 5Y	44.60%	ROE	3.93%	52W Range	7.45 - 14.26	Perf YTD	-23.61%
Dividend Est.	0.32 (3.88%)	P/FCF	7.22	EPS past 5Y	-	ROI	2.12%	52W High	-42.15%	Beta	2.13
Dividend TTM	0.32 (3.88%)	Quick Ratio	1.30	Sales past 5Y	18.44%	Gross Margin	10.57%	52W Low	10.81%	ATR (14)	0.33
Dividend Ex-Date	Sep 03, 2024	Current Ratio	1.50	EPS Y/Y TTM	-81.39%	Oper. Margin	6.14%	RSI (14)	49.29	Volatility	3.41% 3.84%
Employees	10600	Debt/Eq	0.29	Sales Y/Y TTM	77.86%	Profit Margin	2.28%	Recom	1.76	Target Price	12.12
Option/Short	Yes / Yes	LT Debt/Eq	0.28	EPS Q/Q	-93.16%	Payout	36.39%	Rel Volume	0.74	Prev Close	8.29
Sales Surprise	-4.28%	EPS Surprise	-62.96%	Sales Q/Q	77.65%	Earnings	Jul 25 BMO	Avg Volume	7.26M	Price	8.25
SMA20	1.19%	SMA50	-3.05%	SMA200	-19.98%	Trades		Volume	5,406,941	Change	-0.48%

Date	Action	Analyst	Rating Change	Price Target Change
Jan-16-24	Downgrade	The Benchmark Company	Buy → Hold
Dec-19-23	Initiated	Goldman	Neutral	$12
Oct-17-23	Downgrade	Morgan Stanley	Overweight → Equal-Weight	$20 → $17
Oct-16-23	Upgrade	BofA Securities	Neutral → Buy	$14 → $16
Oct-09-23	Upgrade	Citigroup	Neutral → Buy	$15 → $18
Sep-05-23	Initiated	Stifel	Buy	$19
Jul-19-23	Upgrade	The Benchmark Company	Hold → Buy
Jul-10-23	Upgrade	RBC Capital Mkts	Sector Perform → Outperform	$19
Jun-28-23	Initiated	CapitalOne	Equal Weight	$14
Jan-19-23	Initiated	The Benchmark Company	Hold
Jan-17-23	Downgrade	Citigroup	Buy → Neutral	$18
Dec-09-22	Initiated	Raymond James	Strong Buy
Oct-07-22	Resumed	Piper Sandler	Overweight	$19
Jul-15-22	Downgrade	BofA Securities	Buy → Neutral	$22 → $13.50
Jun-01-22	Downgrade	Piper Sandler	Overweight → Neutral	$21 → $22.75
May-26-22	Upgrade	JP Morgan	Underweight → Neutral	$20
Apr-19-22	Initiated	The Benchmark Company	Buy	$21
Dec-21-21	Upgrade	Piper Sandler	Neutral → Overweight	$10 → $10.25
Dec-10-21	Upgrade	Citigroup	Neutral → Buy	$11
Dec-07-21	Upgrade	Morgan Stanley	Equal-Weight → Overweight	$10 → $12

Show Previous Ratings

Oct-14-24 09:20AM	Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast (ACCESSWIRE)
Oct-10-24 09:55AM	Is Patterson-UTI Energy, Inc. (PTEN) the Best Stock Under $10 With High Potential? (Insider Monkey)
Oct-06-24 08:04AM	Patterson-UTI Energy, Inc. (PTEN): Most Undervalued Stock to Consider for Investment (Insider Monkey)
Oct-03-24 05:30PM	Patterson-UTI Reports Drilling Activity for September 2024 (ACCESSWIRE)
Oct-01-24 08:39AM	Is Patterson-UTI Energy, Inc. (PTEN) the Hidden Gem in the Energy Sector After Recent Hedge Fund Interest? (Insider Monkey)
09:30AM	Loading…
Sep-30-24 09:30AM	Patterson-UTI and ADNOC Drilling Sign Agreements to Formalize the Previously Announced Joint Venture in the UAE (ACCESSWIRE)
Sep-09-24 04:00PM	Patterson-UTI Reports Drilling Activity for August 2024 (ACCESSWIRE)
Aug-23-24 11:31AM	Why Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report? (Zacks)
Aug-14-24 01:12PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
Aug-06-24 01:17PM	Patterson-UTI Boosts Bottom Line with OFS Acquisitions (Hart Energy)
Aug-05-24 04:10PM	Patterson-UTI Reports Drilling Activity for July 2024 (ACCESSWIRE) -7.76%
10:42AM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
Jul-26-24 07:29AM	Q2 2024 Patterson-UTI Energy Inc Earnings Call (Thomson Reuters StreetEvents)
Jul-25-24 05:08AM	Patterson-UTI: Q2 Earnings Snapshot (Associated Press Finance) +5.14%
Jul-24-24 08:00PM	Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2024 (ACCESSWIRE)
10:01AM	Loading…
Jul-17-24 10:01AM	Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for (Zacks)
Jul-15-24 05:50PM	Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast (ACCESSWIRE)
Jul-01-24 02:39PM	Black Gold Bargains: 7 Discounted Oil Stocks Ready for a Comeback (InvestorPlace)
Jun-20-24 11:01AM	Insider Sale: President-Completions Matthew Gillard Sells 60,000 Shares of Patterson-UTI Energy ... (GuruFocus.com)
Jun-06-24 05:10PM	Patterson-UTI Reports Drilling Activity for May 2024 (ACCESSWIRE)
May-31-24 11:31AM	Patterson-UTI (PTEN) Down 0.1% Since Last Earnings Report: Can It Rebound? (Zacks)
May-16-24 08:05AM	Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE (Zacks)
May-13-24 04:50AM	Patterson-UTI Energy Signs Non-Binding Term Sheet Related to $1.7 Billion UAE Drilling Contract (MT Newswires)
01:01AM	Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE (ACCESSWIRE)
May-06-24 05:55PM	Patterson-UTI Reports Drilling Activity for April 2024 (ACCESSWIRE)
09:28AM	Piper Sandler Cuts Price Target on Patterson-UTI Energy to $14 From $17, Maintains Overweight Rating (MT Newswires)
May-03-24 04:01PM	Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q1 2024 Earnings Call Transcript (Insider Monkey)
07:43AM	Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates (Zacks)
03:36AM	Patterson-UTI Energy Inc (PTEN) Q1 2024 Earnings Call Transcript Highlights: Key Financial ... (GuruFocus.com)
12:25AM	Q1 2024 Patterson-UTI Energy Inc Earnings Call (Thomson Reuters StreetEvents)
08:59PM	Loading…
May-02-24 08:59PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
07:35AM	Patterson-UTI Energy Inc (PTEN) Aligns with EPS Projections, Surpasses Revenue Estimates in Q1 2024 (GuruFocus.com)
04:36AM	Patterson-UTI Energy Q1 Earnings Fall, Revenue Rises (MT Newswires)
May-01-24 11:52PM	PTEN Stock Earnings: Patterson-UTI Energy Beats EPS, Misses Revenue for Q1 2024 (InvestorPlace)
07:09PM	Patterson-UTI: Q1 Earnings Snapshot (Associated Press Finance)
07:00PM	Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024 (ACCESSWIRE)
Apr-24-24 10:01AM	Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline (Zacks)
Apr-21-24 09:35AM	15 Best Affordable Dividend Stocks To Invest In Right Now (Insider Monkey)
Apr-08-24 06:30PM	Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast (ACCESSWIRE)
Apr-03-24 04:45PM	Patterson-UTI Reports Drilling Activity for March 2024 (ACCESSWIRE)
01:55PM	Backing Fracking: 3 Shale Stocks to Buy Before the 2024 Election (InvestorPlace)
Mar-21-24 09:52AM	PTEN Stock Earnings: Patterson-UTI Energy Meets EPS, Beats Revenue for Q4 2023 (InvestorPlace)
Mar-19-24 06:30AM	3 High-Risk, High-Reward Stocks Worth Betting On for Under $20 (InvestorPlace)
Mar-15-24 11:30AM	Patterson-UTI (PTEN) Down 2% Since Last Earnings Report: Can It Rebound? (Zacks)
Mar-07-24 05:06PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
Mar-04-24 11:27PM	Director Drummond Robert Wayne Jr Sells Shares of Patterson-UTI Energy Inc (PTEN) (GuruFocus.com)
06:45PM	Patterson-UTI Reports Drilling Activity for February 2024 (ACCESSWIRE)
Feb-16-24 10:00AM	Patterson-UTI Braces for Activity Pause After E&P Consolidations (Hart Energy)
09:23AM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
08:49AM	Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q4 2023 Earnings Call Transcript (Insider Monkey)
02:53AM	Q4 2023 Patterson-UTI Energy Inc Earnings Call (Thomson Reuters StreetEvents)
Feb-15-24 06:43AM	Patterson-UTI Energy Inc (PTEN) Reports Strong Q4 Earnings Amidst Strategic Acquisitions (GuruFocus.com) +13.64%
Feb-14-24 08:30PM	Patterson-UTI (PTEN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates (Zacks)
07:50PM	Patterson-UTI (PTEN) Q4 Earnings and Revenues Top Estimates (Zacks)
06:59PM	Patterson-UTI: Q4 Earnings Snapshot (Associated Press Finance)
06:30PM	Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023 (ACCESSWIRE)
05:02AM	Will Patterson-UTI Energy (PTEN) Benefit from the Merger with NextTier? (Insider Monkey)
02:51AM	20 Fastest Growing Energy Companies in the US (Insider Monkey)
Feb-07-24 10:00AM	Earnings Preview: Patterson-UTI (PTEN) Q4 Earnings Expected to Decline (Zacks)
Feb-05-24 06:00PM	Patterson-UTI Reports Drilling Activity for January 2024 (ACCESSWIRE)
Jan-19-24 05:30PM	Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast (ACCESSWIRE)
Jan-08-24 04:15PM	Patterson-UTI Reports Drilling Activity for December 2023 (ACCESSWIRE)
Dec-27-23 06:41PM	13 Most Promising Future Stocks To Buy According To Hedge Funds (Insider Monkey)
Dec-20-23 01:39AM	12 High Growth Energy Stocks to Buy (Insider Monkey)
Dec-08-23 04:45PM	Patterson-UTI Reports Drilling Activity for November 2023 (ACCESSWIRE)
Dec-07-23 11:31AM	Patterson-UTI (PTEN) Down 10.7% Since Last Earnings Report: Can It Rebound? (Zacks)
Nov-09-23 02:59PM	Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q3 2023 Earnings Call Transcript (Insider Monkey)
02:24AM	Q3 2023 Patterson-UTI Energy Inc Earnings Call (Thomson Reuters StreetEvents)
Nov-07-23 07:30PM	Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2023 (ACCESSWIRE) -5.84%
Nov-06-23 04:30PM	Patterson-UTI Reports Drilling Activity for October 2023 (ACCESSWIRE)
07:19AM	Will NexTier Merger Boost Patterson-UTI's (PTEN) Q3 Earnings? (Zacks)
Nov-03-23 08:52AM	5 Low-Leverage Stocks to Buy as Inflation Fear Eases (Zacks)
Oct-18-23 10:01AM	Patterson-UTI (PTEN) to Report Q3 Results: Wall Street Expects Earnings Growth (Zacks)
Oct-17-23 06:41AM	Should You Add Patterson-UTI Energy (PTEN) to Your Portfolio? (Insider Monkey)
Oct-11-23 10:42AM	Load Up, Says Citigroup, About These 2 Strong Buy Stocks (TipRanks)
07:06AM	Zacks.com featured highlights include e.l.f. Beauty, Parker-Hannifin, Frontdoor, Patterson-UTI Energy and CenterPoint Energy (Zacks)
Oct-10-23 08:49AM	Bet on 5 Top-Ranked Stocks With Upgraded Broker Ratings (Zacks)
Oct-09-23 11:35AM	Is Patterson-UTI Energy (PTEN) Too Good to Be True? A Comprehensive Analysis of a Potential ... (GuruFocus.com) +7.31%
09:40AM	Why Patterson-UTI (PTEN) is a Top Value Stock for the Long-Term (Zacks)
Oct-06-23 08:15AM	3 Zacks Rank Additions Energy Investors Can Buy Right Now (Zacks)
Oct-05-23 04:15PM	Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast (ACCESSWIRE)
Oct-04-23 05:10PM	Patterson-UTI Reports Drilling Activity for September 2023 (ACCESSWIRE) -5.38%
Sep-29-23 09:15PM	EVP & CFO Charles Smith Sells 10,000 Shares of Patterson-UTI Energy Inc (GuruFocus.com) -5.64%
07:18PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
Sep-28-23 07:36PM	Is Patterson-UTI Energy (PTEN) Too Good to Be True? A Comprehensive Analysis of a Potential ... (GuruFocus.com)
Sep-22-23 05:01AM	EVP & CFO Charles Smith Sells 10,000 Shares of Patterson-UTI Energy Inc (GuruFocus.com)
Sep-15-23 10:00PM	Insider Sell: James Holcomb Sells 11,816 Shares of Patterson-UTI Energy Inc (GuruFocus.com)
Sep-08-23 12:32PM	Is Patterson-UTI Energy (PTEN) Too Good to Be True? A Comprehensive Analysis of a Potential ... (GuruFocus.com)
Sep-07-23 06:00AM	Patterson-UTI Reports Drilling Activity for August 2023 (ACCESSWIRE)
Sep-05-23 07:25AM	Patterson-UTI (PTEN) and NexTier Form New Oilfield Company (Zacks)
Sep-01-23 09:25AM	Patterson-UTI Energy and NexTier Oilfield Solutions Complete Merger (ACCESSWIRE) +5.45%
Aug-30-23 04:25PM	Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals (ACCESSWIRE)
Aug-29-23 06:00AM	Patterson-UTI Energy to Participate in the Barclays CEO Energy-Power Conference (ACCESSWIRE)
Aug-28-23 05:41PM	Goosehead Insurance and Jackson Financial Set to Join S&P SmallCap 600 (PR Newswire)
Aug-25-23 11:31AM	Why Is Patterson-UTI (PTEN) Down 9.5% Since Last Earnings Report? (Zacks)
Aug-22-23 09:30AM	Patterson-UTI (PTEN) Closes Ulterra Drilling Acquisition Deal (Zacks)
07:49AM	Zacks Industry Outlook Highlights Seadrill, Patterson-UTI Energy and Precision Drilling (Zacks)
Aug-21-23 09:02AM	3 Stocks in the Oil & Gas Drilling Industry With Steady Growth Paths (Zacks)
Aug-15-23 04:08PM	Kahn Brothers' Q2 2023 Portfolio Update: Top Holdings and Key Trades (GuruFocus.com)
Aug-14-23 04:01PM	Patterson-UTI Energy Completes Acquisition of Ulterra Drilling Technologies (ACCESSWIRE)

Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment, and technology. It operates through the following segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment represents contract drilling, directional drilling, oilfield technology, and electrical controls and automation businesses. The Completion Services segment offers hydraulic fracturing, wireline and pumping, completion support, cementing, and pressure pumping business. The Drilling Products segment focuses on manufacturing and distribution of drill bits business. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Gillard Matthew	President-Completions	Aug 16 '24	Option Exercise	0.00	24,816	0	139,508	Aug 20 09:51 PM
Gillard Matthew	President-Completions	Jun 18 '24	Sale	9.87	60,000	592,200	114,692	Jun 20 08:15 AM
Drummond Robert Wayne Jr	Director	May 20 '24	Sale	11.55	150,000	1,732,500	2,007,895	May 21 09:07 PM
Drummond Robert Wayne Jr	Director	Feb 29 '24	Sale	11.73	187,916	2,204,255	2,473,239	Mar 04 05:45 PM
Drummond Robert Wayne Jr	Director	Mar 01 '24	Sale	11.76	65,344	768,445	2,407,895	Mar 04 05:45 PM
Gillard Matthew	President-Completions	Jan 03 '24	Option Exercise	0.00	40,406	0	118,631	Mar 04 05:43 PM
Gillard Matthew	President-Completions	Jan 02 '24	Option Exercise	0.00	18,682	0	83,740	Mar 04 05:43 PM
CEPAK TIFFANY THOM	Director	Dec 01 '23	Sale	11.78	15,000	176,700	107,081	Dec 05 05:55 PM

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PTEN

Patterson-UTI Energy Inc

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