PTEN icon

Patterson-UTI

8.62 USD
+0.24
2.86%
At close Feb 7, 4:00 PM EST
After hours
8.39
-0.23
2.67%
1 day
2.86%
5 days
7.75%
1 month
0.00%
3 months
2.62%
6 months
-0.35%
Year to date
1.06%
1 year
-19.14%
5 years
16.80%
10 years
-51.92%
 

About: Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins.

Employees: 10,600

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

31% more repeat investments, than reductions

Existing positions increased: 149 | Existing positions reduced: 114

14% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 51

1% more funds holding

Funds holding: 359 [Q2] → 363 (+4) [Q3]

3.38% less ownership

Funds ownership: 101.47% [Q2] → 98.1% (-3.38%) [Q3]

30% less capital invested

Capital invested by funds: $4.22B [Q2] → $2.95B (-$1.27B) [Q3]

78% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 2 (-7) [Q3]

91% less call options, than puts

Call options by funds: $14.4M | Put options by funds: $154M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$13
51%
upside
Avg. target
$13
51%
upside
High target
$13
51%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Stifel
Stephen Gengaro
55% 1-year accuracy
41 / 75 met price target
51%upside
$13
Buy
Maintained
6 Jan 2025

Financial journalist opinion

Based on 8 articles about PTEN published over the past 30 days

Neutral
Seeking Alpha
3 days ago
Patterson-UTI Energy, Inc. (PTEN) Q4 2024 Earnings Call Transcript
Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Michael Sabella - Vice President of Investor Relations William Hendricks - President and Chief Executive Officer Andrew Smith - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Rollyson - Raymond James Waqar Syed - ATB Capital Markets Keith Mackey - RBC Capital Markets Sareeb Pant - Bank of America Eddie Kim - Barclays Kirk Hallead - Benchmark Jeff LeBlanc - TPH & Company Doug Decker - Capital One Securities Operator Thank you for standing by. My name is Rebecca and I will be your conference operator today.
Patterson-UTI Energy, Inc. (PTEN) Q4 2024 Earnings Call Transcript
Negative
Zacks Investment Research
3 days ago
Patterson-UTI Energy's Q4 Earnings Fall Y/Y, Sales Lag Estimates
PTEN expects capital expenditures for 2025 to be around $600 million, with each segment planning to spend less than in 2024.
Patterson-UTI Energy's Q4 Earnings Fall Y/Y, Sales Lag Estimates
Negative
Zacks Investment Research
4 days ago
Patterson-UTI (PTEN) Reports Q4 Loss, Lags Revenue Estimates
Patterson-UTI (PTEN) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.19 per share a year ago.
Patterson-UTI (PTEN) Reports Q4 Loss, Lags Revenue Estimates
Neutral
Accesswire
4 days ago
Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2024
HOUSTON, TEXAS / ACCESS Newswire / February 5, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2024.
Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2024
Neutral
Zacks Investment Research
5 days ago
Patterson-UTI Energy to Post Q4 Earnings: Here's What to Expect
PTEN is expected to report lower revenues from the year-ago period. The company is anticipated to see a higher bottom line due to declining costs.
Patterson-UTI Energy to Post Q4 Earnings: Here's What to Expect
Negative
Zacks Investment Research
1 week ago
Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for
Neutral
Accesswire
3 weeks ago
Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESSWIRE / January 14, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 6, 2025, at 9:00 a.m.
Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast
Positive
MarketBeat
3 weeks ago
Why Goldman Sachs Just Upgraded These 3 Stocks and What It Means
Investors often have access to the best minds on Wall Street without even knowing it most of the time, and this is a critical piece of information everyone should keep track of to reverse engineer what analysts are suddenly becoming bearish on. When Wall Street analysts decide to upgrade a stock's rating and valuation, it usually pays to attempt to understand the decision and its reasoning.
Why Goldman Sachs Just Upgraded These 3 Stocks and What It Means
Neutral
Accesswire
1 month ago
Patterson-UTI Reports Drilling Activity for December 2024
HOUSTON, TEXAS / ACCESSWIRE / January 6, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2024, the Company had an average of 104 drilling rigs operating in the United States.
Patterson-UTI Reports Drilling Activity for December 2024
Neutral
Zacks Investment Research
1 month ago
VAL, PTEN, RIG: 3 Oil & Gas Drilling Stocks Holding Promise
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like VAL, RIG and PTEN.
VAL, PTEN, RIG: 3 Oil & Gas Drilling Stocks Holding Promise
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