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Patterson-UTI Energy, Inc.

PTEN.O

Latest Trade

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52 Week Range

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As of on the NASDAQ ∙ Minimum 15 minute delay

Pricing

Previous Close
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Open
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Volume
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3M AVG Volume
86.91
Today's High
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Today's Low
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52 Week High
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52 Week Low
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Shares Out (MIL)
194.54
Market Cap (MIL)
1,898.73
Forward P/E
-9.82
Dividend (Yield %)
1.64

Next Event

Q4 2019 Patterson-UTI Energy Inc Earnings Release

Latest Developments

More

Patterson-UTI Reports Drilling Activity For November 2019

Patterson-UTI Energy Inc Prices $350 Million Offering Of Senior Notes Due 2029

Patterson-Uti Energy Inc Files Prospectus Supplement Related To A Potential U.S. Dollar-Denominated Senior Notes Due 2029 Offering

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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

+1.281.7657100

http://www.patenergy.com

Executive Leadership

Mark S. Siegel

Executive 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

2.40 mean rating - 25 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

0.9K

2017

2.4K

2018

3.3K

2019(E)

2.5K
EPS (USD)

2016

-2.160

2017

-0.800

2018

-0.340

2019(E)

-0.994
Price To Earnings (TTM)
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Price To Sales (TTM)
0.68
Price To Book (MRQ)
0.65
Price To Cash Flow (TTM)
3.83
Total Debt To Equity (MRQ)
32.96
LT Debt To Equity (MRQ)
32.96
Return on Investment (TTM)
-11.53
Return on Equity (TTM)
-10.38

Latest News

Latest News

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.

Exclusive: Oilfield services firm Patterson-UTI explores split - sources

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.

BRIEF-Patterson-UTI Energy Says For Month Of April 2018, Company Had An Average Of 173 Drilling Rigs Operating

* PATTERSON-UTI ENERGY INC SAYS FOR MONTH OF APRIL 2018, COMPANY HAD AN AVERAGE OF 173 DRILLING RIGS OPERATING Source text for Eikon: Further company coverage:

BRIEF-Patterson-UTI Energy Reports Q1 Loss Per Share $0.16

* PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2018

Patterson-UTI Energy CEO's 2017 total compensation more than doubles

Patterson-UTI Energy Inc's Chief Executive William Hendricks' 2017 compensation more than doubled to $14.25 million, the oil and gas driller disclosed in an SEC filing on Friday.

BRIEF-Patterson-UTI Energy Says CEO William Hendricks' FY'17 Compensation Was $14.3 Mln

* PATTERSON-UTI ENERGY SAYS CEO WILLIAM ANDREW HENDRICKS' FY 2017 TOTAL COMPENSATION WAS $14.3 MLN VS $6.2 MLN IN 2016 - SEC FILING Source text - https://bit.ly/2HkfSLr Further company coverage:

BRIEF-Patterson-UTI Says Had Average of 172 Drilling Rigs Operating For Month Of March

* FOR MONTH OF MARCH 2018, COMPANY HAD AN AVERAGE OF 172 DRILLING RIGS OPERATING

BRIEF-Patterson-UTI Energy Announces Appointment Of Janeen S. Judah To Board Of Directors

* PATTERSON-UTI ENERGY ANNOUNCES APPOINTMENT OF JANEEN S. JUDAH TO BOARD OF DIRECTORS

BRIEF-Patterson-UTI Energy Announces $600 Mln Credit Agreement

* PATTERSON-UTI ENERGY ANNOUNCES $600 MILLION CREDIT AGREEMENT

BRIEF-Patterson-Uti Reports Drilling Activity For Feb. 2018

* PATTERSON-UTI ENERGY INC SAYS FOR MONTH OF FEBRUARY 2018, COMPANY HAD AN AVERAGE OF 170 DRILLING RIGS OPERATING Source text for Eikon: Further company coverage:

BRIEF-Patterson-UTI Energy Acquires Superior QC

* PATTERSON-UTI ENERGY ACQUIRES SUPERIOR QC, A DIRECTIONAL DRILLING ANALYTICS COMPANY

Patterson-UTI Energy posts bigger loss than expected as costs rise

Patterson-UTI Energy Inc, which is dealing with the fallout of a drilling accident that killed five workers last month, reported a bigger-than-expected quarterly loss on Thursday as expenses more than doubled.

BRIEF-Patterson-UTI Energy Posts Q4 Adj. Loss Per Share $0.10

* PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2017

Patterson-UTI Energy posts quarterly profit

Oil and gas driller Patterson-UTI Energy Inc on Thursday reported a quarterly profit in the fourth quarter compared to a year ago loss, helped by a $226.8 million tax benefit.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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