PTEN - Patterson-UTI Energy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

16.96

-0.13 (-0.76%)

At close: 4:00PM EDT

16.96 0.00 (0.00%)
After hours: 4:21PM EDT

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Previous Close	17.09
Open	16.99
Bid	16.75 x 800
Ask	17.95 x 3000
Day's Range	16.81 - 17.16
52 Week Range	14.83 - 25.03
Volume	1,929,320
Avg. Volume	3,610,066

Market Cap	3.762B
Beta	1.46
PE Ratio (TTM)	105.34
EPS (TTM)	0.16
Earnings Date	Jul 26, 2018
Forward Dividend & Yield	0.16 (0.85%)
Ex-Dividend Date	2018-06-06
1y Target Est	24.86

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Press Releases

Market Realist4 days ago
Wall Street’s Forecasts for TechnipFMC ahead of Q2 Results
In this article, we’ll look at Wall Street analysts’ forecasts for TechnipFMC (FTI) before its Q2 2018 earnings. Analysts’ rating for TechnipFMC
Market Realist7 days ago
How Is Halliburton Reacting to Crude Oil’s Changes?
From April 6 to July 6, Halliburton’s (HAL) stock price correlation coefficient with crude oil was 0.30. This indicates a positive relationship between Halliburton stock and crude oil prices.
Market Realist8 days ago
US Gasoline Inventories: Decoding Last Week’s Data
The EIA (U.S. Energy Information Administration) released its gasoline inventory data on July 11. The EIA reported that US gasoline inventories decreased by 0.7 MMbbls (million barrels) to 239 MMbbls on June 29–July 6. However, the inventories increased by 3.3 MMbbls or 1.4% from a year ago.
PR Newswire15 days ago
Patterson-UTI Reports Drilling Activity for June 2018
HOUSTON, July 5, 2018 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (PTEN) today reported that for the month of June 2018, the Company had an average of 178 drilling rigs operating. For the three months ended June 30, 2018, the Company had an average of 176 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Market Realist17 days ago
Superior Energy Services Reacts to Crude Oil’s Price
Superior Energy Services’ (SPN) correlation with crude oil’s price on March 28–June 28 was 0.62. The correlation represents a strong positive relationship between Superior Energy Services stock and crude oil prices. Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!
PR Newswire22 days ago
Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
HOUSTON , June 28, 2018 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 26, 2018 , at 9:00 a.m. Central Time to discuss results for the second quarter ...
Simply Wall St.22 days ago
Why Patterson-UTI Energy Inc (NASDAQ:PTEN) Delivered An Inferior ROE Compared To The Industry
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want a simplistic look at the returnRead More...
Market Realist24 days ago
How Weatherford International Is Reacting to Crude Oil Prices
Weatherford International’s (WFT) correlation with crude oil prices from March 22 to June 22 was 0.38, which represents a positive relationship between WFT’s stock and crude oil prices. The VanEck Vectors Oil Services ETF’s (OIH) correlation coefficient with crude oil since March 22 was 0.73.
Market Realist25 days ago
Comparing the Short Interest: SLB, HAL, HLX, PTEN, and SLCA
The short interest in Schlumberger (SLB) as a percentage of its float was 1.6% as of June 19—compared to 1.5% as of January 1. Since January 1, the short interest in Schlumberger has increased 3%. So, investors’ negative bets on Schlumberger have increased in 2018. Since the beginning of 2018, Schlumberger’s stock price has decreased ~2.5%.
Market Realist27 days ago
Patterson-UTI Energy’s ‘Buy’ Ratings Are Increasing
Patterson-UTI Energy (PTEN) is fourth in terms of the highest “buy” ratings assigned by sell-side analysts in the OFS (oilfield equipment and services) industry. Approximately 78% of the Wall Street analysts tracking Patterson-UTI Energy recommended a “buy” or some equivalent as of June 19. Approximately 19% of the analysts recommended a “hold,” while 3% recommended a “sell” or some equivalent. Analysts’ consensus target price for Patterson-UTI Energy was ~$25.7 as of June 19. Currently, Patterson-UTI Energy is trading near $17. ...
Market Realist27 days ago
Top Five Oilfield Equipment and Services Companies
In this series, we’ll rank and analyze the top five companies with the highest “buy” or equivalent recommendations assigned by sell-side analysts in the OFS (oilfield equipment and services) industry. In this series, we’ll delve into the individual performance of the top five OFS companies with the highest “buy” ratings. As of June 20, the average “buy” or some equivalent recommendation assigned by Wall Street analysts in the OFS industry, excluding offshore drillers, was 51% of the total recommendations.
American City Business Journalslast month
Shareholders vote against exec compensation plan at Houston oil field service co.
Patterson-UTI's executives received a large pay boost in 2017 after the company closed a merger worth well over $1 billion.
Market Realistlast month
Saudi Arabia’s Oil Production Is near a Five-Month High
Saudi Arabia is OPEC’s largest oil producer. Saudi Arabia’s crude oil production increased by 60,000 bpd (barrels per day) to 10,120,000 bpd in May—compared to the previous month. The production was near a five-month high. The production also increased by 70,000 bpd or 0.7% from a year ago.
ACCESSWIRElast month
Northern Oil and Gas and Three Additional Stocks Under Scanner in the Basic Materials Space
In this morning's lineup are the following four equities: Northern Oil and Gas Inc. (NYSE AMER: NOG), Obsidian Energy Ltd (NYSE: OBE), Patterson-UTI Energy Inc. (NASDAQ: PTEN), and Solaris Oilfield Infrastructure Inc. (NYSE: SOI). On Monday, shares in Minnetonka, Minnesota-based Northern Oil and Gas Inc. recorded a trading volume of 3.54 million shares, which was above their three months average volume of 3.49 million shares.
PR Newswirelast month
Patterson-UTI Energy to Present at the 2018 J.P. Morgan Energy Conference
HOUSTON , June 14, 2018 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on Monday, June 18, 2018 , at the 2018 J.P. Morgan Energy Conference. ...
GlobeNewswirelast month
New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las Vegas Sands, and American Express — Factors of Influence, Major Initiatives and Sustained Production
NEW YORK, June 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Global ...
PR Newswirelast month
Patterson-UTI Reports Drilling Activity for May 2018
HOUSTON, June 5, 2018 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (PTEN) today reported that for the month of May 2018, the Company had an average of 176 drilling rigs operating. For the two months ended May 31, 2018, the Company had an average of 175 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Market Realistlast month
Which Energy Stocks Fell the Most Last Week?
Between May 25 and June 1, integrated energy stock Petrobras (PBR) fell the most on our list of energy stocks. On June 1, PBR announced that Ivan de Souza Monteiro would be replacing Pedro Parente as CEO. Our list of energy stocks is shown in the chart below.
Simply Wall St.2 months ago
Is Patterson-UTI Energy Inc’s (NASDAQ:PTEN) PE Ratio A Signal To Sell For Investors?
Patterson-UTI Energy Inc (NASDAQ:PTEN) trades with a trailing P/E of 130.9x, which is higher than the industry average of 19.5x. While PTEN might seem like a stock to avoid orRead More...
Market Realist2 months ago
What Schlumberger’s Historical Valuations Suggest
On March 29, Schlumberger’s (SLB) stock price was 4.0% lower than on December 29, 2017. March 29 was the last trading day of SLB’s first quarter. In the first quarter, SLB’s adjusted earnings were negative. So, its price-to-earnings (or PE) multiple wasn’t meaningful in the first quarter.
Market Realist2 months ago
How NOW Stock Has Reacted to Crude Oil Prices
Between January 1 and May 23, NOW’s (DNOW) correlation with crude oil was 0.38 and the VanEck Vectors Oil Services ETF’s (OIH) correlation was 0.62, lower than their correlation over the year ended May 23. WTI crude oil prices have risen significantly since the end of June 2017.
Zacks2 months ago
Patterson-UTI Energy (PTEN) Up 4.2% Since Earnings Report: Can It Continue?
Patterson-UTI Energy (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Market Realist2 months ago
Schlumberger’s Stock Price after First-Quarter Earnings
Schlumberger Limited (SLB) is the largest US oilfield equipment and service (or OFS) company. Its stock price has risen in the past year. Read a comparison of SLB with its lower-market-cap peer Halliburton (HAL) in Market Realist’s Schlumberger and Halliburton Compared to the Industry. OIH tracks an index of 25 oilfield equipment and services companies.
Market Realist2 months ago
Analysts’ Recommendations for RES, DRQ, WFT, PTEN, and FTK
In this part, we’ll discuss Wall Street analysts’ targets for the OFS stocks that have provided the weakest returns YTD. Sell-side analysts expect returns from four of the five OFS companies to be positive in the next 12 months. Only two sell-side analysts track Flotek Industries (FTK), as surveyed by Reuters. Both of the analysts recommended a “buy” or some equivalent as of May 15.
Market Realist2 months ago
Analyzing OFS Stocks’ Correlations with Crude Oil
In this part, we’ll analyze the correlation between Weatherford International (WFT), Patterson-UTI Energy (PTEN), RPC (RES), Dril-Quip (DRQ), and Flotek Industries’ (FTK) stock prices with WTI crude oil prices.