Patterson-UTI Energy Inc

PTEN

NASDAQ. Currency in USD

15.30 -0.39 ( -2.49% )

Real time prices: December 09

Market Cap.
3.32B
Beta (5Y monthly)
2.37
Price/Earnings
-
EPS (TTM)
-0.18
Forward Dividend
0.32 (2.04%)
Ex-Dividend Date
Dec 01, 2022
Volume
2.72M
1y Target Est.
23.00
Day's Range
15.21
-
15.95
52 Week's Range
7.47
-
20.53

Historical Summary

Performance
EPS growth
Share Buybacks

About Patterson-UTI Energy Inc

Sector
Energy
Industry
Oil & Gas Drilling
Website
https://www.patenergy.com
Exchange
NASDAQ (XNAS)
Shares Outstanding
215.11M
Employees
5000
Address
10713 West Sam Houston Parkway North, Houston, TX, United States, 77064
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

Latest news

ExxonMobil (XOM) Announces $50B Share Buyback, Ups 2023 Capex
ExxonMobil (XOM) Announces $50B Share Buyback, Ups 2023 Capex

ExxonMobil's (XOM) corporate plan is expected to double earnings and cash flow potential by 2027...
By Zacks Investment Research - 5 hours ago

Is Phillips 66 (PSX) Stock Outpacing Its Oils-Energy Peers This Year?
Is Phillips 66 (PSX) Stock Outpacing Its Oils-Energy Peers This Year?

Here is how Phillips 66 (PSX) and Patterson-UTI (PTEN) have performed compared to their sector...
By Zacks Investment Research - 7 hours ago

Where Will Chevron (CVX) Spend the Bulk of Its 2023 Capex?
Where Will Chevron (CVX) Spend the Bulk of Its 2023 Capex?

For 2023, Chevron (CVX) expects to spend $14 billion in organic capital expenditure, of which...
By Zacks Investment Research - 8 hours ago

Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts
Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts

According to Transocean (RIG), the two deals represent approximately $1.04 billion in the firm's backlog.
By Zacks Investment Research - 8 hours ago

ProPetro (PUMP) Gets Contract for First Electric Frac Fleet
ProPetro (PUMP) Gets Contract for First Electric Frac Fleet

According to the contract, ProPetro (PUMP) is likely to provide committed services for three years...
By Zacks Investment Research - 1 day ago

Why Helmerich & Payne (HP) Has Stumbled Post Q4 Earnings
Why Helmerich & Payne (HP) Has Stumbled Post Q4 Earnings

Helmerich & Payne's (HP) operating revenues of $631.3 million topped the Zacks Consensus Estimate of...
By Zacks Investment Research - 2 days ago

TC Energy (TRP) Gets Approval for NGTL Pipeline Expansion
TC Energy (TRP) Gets Approval for NGTL Pipeline Expansion

Canada's energy regulator conditionally approves TC Energy's (TRP) West Path Delivery 2023 project.
By Zacks Investment Research - 3 days ago

Suncor (SU) to Retain Its Petro-Canada Retail Fuel Business
Suncor (SU) to Retain Its Petro-Canada Retail Fuel Business

Suncor (SU) decides to hold on to its station retail business following a comprehensive review...
By Zacks Investment Research - 4 days ago