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PTEN | Patterson-UTI Energy Inc

Energy | Oil & Gas Drilling | USA | NASD

Index	RUT	P/E	8.96	EPS (ttm)	1.60	Insider Own	17.49%	Shs Outstand	415.12M	Perf Week	-5.35%
Market Cap	5.95B	Forward P/E	10.02	EPS next Y	1.43	Insider Trans	-0.61%	Shs Float	342.50M	Perf Month	2.36%
Income	345.84M	PEG	0.20	EPS next Q	0.29	Inst Own	52.21%	Short Float / Ratio	5.37% / 3.84	Perf Quarter	21.11%
Sales	3.07B	P/S	1.94	EPS this Y	102.00%	Inst Trans	-0.83%	Short Interest	18.40M	Perf Half Y	25.13%
Book/sh	8.27	P/B	1.73	EPS next Y	-1.60%	ROA	11.38%	Target Price	17.97	Perf Year	32.04%
Cash/sh	0.36	P/C	39.61	EPS next 5Y	44.60%	ROE	20.98%	52W Range	9.70 - 19.81	Perf YTD	-14.85%
Dividend	0.32	P/FCF	15.55	EPS past 5Y	88.00%	ROI	13.51%	52W High	-27.61%	Beta	2.36
Dividend %	2.23%	Quick Ratio	1.61	Sales past 5Y	15.35%	Gross Margin	17.90%	52W Low	47.84%	ATR	0.58
Employees	6500	Current Ratio	1.76	Sales Q/Q	21.96%	Oper. Margin	13.75%	RSI (14)	42.67	Volatility	3.50% 4.13%
Optionable	Yes	Debt/Eq	0.49	EPS Q/Q	306.53%	Profit Margin	11.28%	Rel Volume	0.91	Prev Close	14.63
Shortable	Yes	LT Debt/Eq	0.49	Earnings	Jul 26 AMC	Payout	28.38%	Avg Volume	4.79M	Price	14.34
Recom	1.82	SMA20	-3.48%	SMA50	-3.83%	SMA200	4.36%	Volume	4,344,851	Change	-1.98%

Date	Action	Analyst	Rating Change	Price Target Change
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
Nov-02-21	Upgrade	BofA Securities	Underperform → Buy	$9.25 → $10.50
Sep-09-21	Resumed	RBC Capital Mkts	Sector Perform	$9.50
Jun-23-21	Upgrade	Evercore ISI	In-line → Outperform	$8 → $12
May-03-21	Upgrade	Barclays	Equal Weight → Overweight	$7 → $9
Jul-16-20	Downgrade	Scotiabank	Sector Perform → Sector Underperform

Show Previous Ratings

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)
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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)
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Aug-03-23 06:00AM	Patterson-UTI Reports Drilling Activity for July 2023 (ACCESSWIRE)
Aug-01-23 07:24AM	An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued (Simply Wall St.)
Jul-28-23 04:02PM	NexTier and Patterson-UTI post strong Q2 results ahead of merger (American City Business Journals)
05:00AM	Patterson-UTI and NexTier Oilfield Solutions Announce Expiration of Hart-Scott Rodino Waiting Period for Pending Merger (ACCESSWIRE)
04:31AM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
Jul-27-23 12:35PM	US oilfield service providers expect rig count recovery later this year on high prices (Reuters)
11:21AM	Patterson-UTI expects rig counts, completions activity to rise later this year (Reuters)
Jul-26-23 06:35PM	Patterson-UTI (PTEN) Q2 Earnings Meet Estimates (Zacks)
05:32PM	Patterson-UTI: Q2 Earnings Snapshot (AP Finance)
05:00PM	Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2023 (ACCESSWIRE)
Jul-20-23 10:02AM	Precision Drilling (PDS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release (Zacks)
Jul-19-23 07:07PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
10:01AM	Patterson-UTI (PTEN) Earnings Expected to Grow: Should You Buy? (Zacks)
10:00AM	Cisco upgraded, Joby downgraded: Wall Street's top analyst calls (The Fly)
Jul-12-23 08:50AM	Oil & Gas Stock Roundup: Shell's Q2 Update & Chevron's Acquisition in Focus (Zacks)
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Jul-10-23 09:55AM	Charles Schwab upgraded, Fox downgraded: Wall Street's top analyst calls (The Fly)
Jul-06-23 11:04AM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
08:44AM	Patterson-UTI (PTEN) to Buy Ulterra, Strengthen Portfolio (Zacks)
06:00AM	Patterson-UTI Reports Drilling Activity for June 2023 (ACCESSWIRE)
Jul-05-23 06:00AM	Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra (ACCESSWIRE)
Jun-29-23 06:00AM	Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast (ACCESSWIRE)
Jun-21-23 08:00PM	PTEN: What does Argus have to say about PTEN? (Argus Research)
08:12AM	Oil & Gas Stock Roundup: Patterson-UTI's Merger With NexTier Hits Headlines (Zacks)
Jun-20-23 06:20AM	Patterson-UTI, NexTier Combine to Create Oil Services Giant (Zacks)
06:00AM	Patterson-UTI Energy to Participate in the J.P. Morgan 2023 Energy, Power and Renewables Conference (ACCESSWIRE)
Jun-19-23 12:02AM	5 big deal reports: Microsoft-Activision mega deal in trouble again (Investing.com)
Jun-16-23 01:05PM	Strength Seen in Patterson-UTI (PTEN): Can Its 12.1% Jump Turn into More Strength? (Zacks) -6.17%
12:01AM	Drilling Stocks Plunge on Bets for Oil Price Slump (The Wall Street Journal)
Jun-15-23 07:18PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research) +12.13%
11:31AM	Patterson-UTI to Buy NexTier Creating Shale-Services Giant (Bloomberg)
07:40AM	Patterson-UTI, NexTier Oilfield Strike Merger Deal (The Wall Street Journal)
06:00AM	Patterson-UTI Energy and NexTier Oilfield Solutions to Combine in Merger of Equals, Creating Industry Leading Drilling and Completions Services Provider (PR Newswire)
Jun-13-23 11:00AM	Oil-Field-Services Stocks Rise After Report of Merger Talks (The Wall Street Journal) +6.77%
Jun-12-23 06:52PM	Oil-Field-Services Companies Hold Merger Talks (The Wall Street Journal)
06:52PM	Oilfield-Services Companies Hold Merger Talks (The Wall Street Journal)
Jun-08-23 08:13AM	Patterson-UTI Energy (NASDAQ:PTEN) delivers shareholders splendid 32% CAGR over 3 years, surging 18% in the last week alone (Simply Wall St.)
Jun-05-23 06:00AM	Patterson-UTI Reports Drilling Activity for May 2023 (ACCESSWIRE)
May-31-23 09:09AM	3 Well-Positioned Stocks in the Oil & Gas Drilling Industry (Zacks)
May-26-23 11:31AM	Why Is Patterson-UTI (PTEN) Down 7% Since Last Earnings Report? (Zacks)
May-05-23 06:00AM	Patterson-UTI Publishes Corporate Sustainability Report (ACCESSWIRE)
May-04-23 02:32PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
May-03-23 06:00AM	Patterson-UTI Reports Drilling Activity for April 2023 (ACCESSWIRE)
May-01-23 06:34AM	Patterson UTI (PTEN) Q1 Earnings & Sales Beat Estimates (Zacks)
Apr-29-23 08:08AM	Patterson-UTI Energy First Quarter 2023 Earnings: EPS: US$0.47 (vs US$0.13 loss in 1Q 2022) (Simply Wall St.)
Apr-28-23 01:23AM	Q1 2023 Patterson-UTI Energy Inc Earnings Call (Thomson Reuters StreetEvents)
Apr-27-23 10:31PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
05:02AM	Patterson-UTI: Q1 Earnings Snapshot (AP Finance)
Apr-26-23 08:00PM	PTEN: Lowering target price to $12.00 (Argus Research)
06:00PM	Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2023 (ACCESSWIRE)
Apr-25-23 01:10AM	Are Market Conditions Favorable for Patterson-UTI Energy (PTEN)? (Insider Monkey) -6.26%
Apr-19-23 10:01AM	Patterson-UTI (PTEN) Reports Next Week: Wall Street Expects Earnings Growth (Zacks)
Apr-14-23 08:42AM	Are Options Traders Betting on a Big Move in Patterson-UTI (PTEN) Stock? (Zacks)
Apr-05-23 06:00AM	Patterson-UTI Reports Drilling Activity for March 2023 (ACCESSWIRE)
Apr-03-23 07:25PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research) +8.03%
Mar-31-23 05:50PM	Patterson-UTI (PTEN) Outpaces Stock Market Gains: What You Should Know (Zacks)
Mar-28-23 06:00AM	Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast (ACCESSWIRE)
Mar-24-23 09:30AM	Wall Street Analysts See Patterson-UTI (PTEN) as a Buy: Should You Invest? (Zacks)
Mar-22-23 06:34AM	Are Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Mixed Financials Driving The Negative Sentiment? (Simply Wall St.) -6.74%
Mar-17-23 07:18PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
Mar-16-23 05:50PM	Patterson-UTI (PTEN) Gains But Lags Market: What You Should Know (Zacks)
Mar-10-23 05:50PM	Patterson-UTI (PTEN) Stock Moves -1.2%: What You Should Know (Zacks)
11:30AM	Patterson-UTI (PTEN) Down 7.5% Since Last Earnings Report: Can It Rebound? (Zacks)
Mar-07-23 09:30AM	Should You Invest in Patterson-UTI (PTEN) Based on Bullish Wall Street Views? (Zacks)
Mar-03-23 05:45PM	Patterson-UTI (PTEN) Gains But Lags Market: What You Should Know (Zacks)
06:01AM	Patterson-UTI Reports Drilling Activity for February 2023 (ACCESSWIRE)
06:00AM	Patterson-UTI Energy to Participate in the Raymond James 44th Annual Institutional Investors Conference (ACCESSWIRE)
Feb-17-23 08:25AM	Patterson-UTI's (PTEN) Q4 Earnings & Sales Beat Estimates (Zacks)
Feb-13-23 11:48PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research)
Feb-10-23 02:55PM	Patterson-UTI plans to increase rig count, drilling contract prices in 2023 (American City Business Journals)
Feb-09-23 04:48PM	Analyst Report: Patterson-UTI Energy, Inc. (Morningstar Research) -14.40%
06:32AM	Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Intrinsic Value Is Potentially 94% Above Its Share Price (Simply Wall St.)
Feb-08-23 06:05PM	Patterson-UTI (PTEN) Tops Q4 Earnings and Revenue Estimates (Zacks)
04:40PM	Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2022 (ACCESSWIRE)
08:54AM	NuStar Energy (NS) Beats on Q4 Earnings and Revenues (Zacks)
Feb-07-23 02:27PM	Energy Stock Flashing Bull Signal Before Earnings (Schaeffer's Investment Research)
09:58AM	Northern (NOG) Updates Q4 Production Numbers, Hikes Dividend (Zacks)
07:45AM	5 Best High Earnings Yield Picks to Grow Your Wealth (Zacks)
Feb-06-23 08:23AM	Core Laboratories (CLB) Q4 Earnings Beat, Revenues Miss (Zacks)
08:13AM	Transocean (RIG) Wins 910-Day Drilling Deal Set to Start in Q3 (Zacks)
Feb-03-23 01:39PM	TechnipFMC (FTI) Wins Upto $1B iEPCI Contract From Aker BP (Zacks)
06:33AM	Patterson-UTI's (PTEN) Q4 Earnings: Another Beat in the Cards? (Zacks)
06:00AM	Patterson-UTI Reports Drilling Activity for January 2023 (ACCESSWIRE)
Feb-02-23 05:45PM	Patterson-UTI (PTEN) Stock Sinks As Market Gains: What You Should Know (Zacks)
Feb-01-23 12:21PM	Shell (SHEL) to Merge Its Integrated Gas, Upstream Businesses (Zacks)
10:00AM	Patterson-UTI (PTEN) Earnings Expected to Grow: Should You Buy? (Zacks)

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: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its services to oil and natural gas operators in the United States and Colombia. The Pressure Pumping Services segment offers pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment consists of downhole performance motors and equipment to provide services including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, and wireline steering tools, in most major onshore oil and natural gas basins. 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
Smith Charles Andrew	EVP & Chief Financial Officer	Sep 19	Sale	15.90	10,000	159,000	514,413	Sep 21 07:04 PM
STEWART JAMES CARL	Director	Sep 14	Sale	15.90	62,500	993,750	1,277,254	Sep 18 05:18 PM
Wexler Seth David	SVP/General Counsel/Secretary	Sep 14	Sale	15.98	37,500	599,250	340,418	Sep 15 05:09 PM
Holcomb James Michael	Chief Business Officer	Sep 13	Sale	15.95	11,816	188,465	376,109	Sep 15 05:11 PM
Holcomb James Michael	Chief Operating Officer	Jul 25	Sale	15.47	8,802	136,167	387,925	Jul 27 04:47 PM
Hendricks William Andrew JR	President & CEO	Jul 18	Sale	14.84	200,000	2,968,000	1,886,874	Jul 19 05:21 PM
Holcomb James Michael	Chief Operating Officer	Jul 18	Sale	14.96	5,904	88,324	396,727	Jul 19 05:23 PM
Holcomb James Michael	Chief Operating Officer	Jul 17	Sale	14.46	10,762	155,619	402,631	Jul 19 05:23 PM
Hendricks William Andrew JR	President & CEO	Jul 13	Sale	14.06	100,000	1,406,000	2,086,874	Jul 17 04:12 PM
Holcomb James Michael	President-Drilling Subsidiary	Nov 04	Sale	18.65	58,335	1,087,948	273,108	Nov 07 07:14 PM
Holcomb James Michael	President-Drilling Subsidiary	Oct 26	Sale	16.01	16,666	266,823	331,443	Oct 28 04:46 PM

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PTEN | Patterson-UTI Energy Inc

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