Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Patterson-UTI Energy Inc Market Cap
From what 6 stock analysts predict, the share price for Patterson-UTI Energy Inc (PTEN) might increase by 29.93% in the next year. This is based on a 12-month average estimation for PTEN. Price targets go from $12.00 to $18.00. The majority of stock analysts believe PTEN is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 6 Wall Street analysts have assignedPTEN 5 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect Patterson-UTI Energy Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PTEN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| kurt hallead Benchmark Co. | Hold | None | downgraded | Jan 16, 2024 |
| atidrip modak Goldman Sachs | Hold | $12.0 | initiatedcoverage | Dec 19, 2023 |
| daniel kutz Morgan Stanley | Hold | $17.0 | downgraded | Oct 17, 2023 |
| arun jayaram J.P. Morgan | Hold | $16.0 | maintained | Aug 1, 2023 |
| saurabh pant Bank of America Securities | Hold | $13.0 | maintained | Jul 5, 2023 |
| douglas becker Capital One Financial | Hold | $14.0 | initiatedcoverage | Jun 28, 2023 |
| sean meakim J.P. Morgan | Hold | $15.0 | maintained | May 3, 2023 |
| ian macpherson Piper Sandler | Hold | $22.75 | downgraded | May 31, 2022 |
| angie sedita Goldman Sachs | Hold | $5.25 | maintained | Oct 26, 2020 |
| tommy moll Stephens | Hold | $3.0 | maintained | Oct 23, 2020 |
| john watson Piper Sandler | Hold | $4.0 | maintained | May 28, 2020 |
| simon t. wong Gabelli | Hold | None | downgraded | Apr 27, 2020 |
| marc bianchi Cowen & Co. | Hold | $3.0 | downgraded | Apr 14, 2020 |
| praveen narra Raymond James | Hold | None | downgraded | Mar 10, 2020 |
| brad handler Jefferies | Hold | $11.5 | downgraded | Aug 2, 2019 |
| michael lamotte Guggenheim | Hold | None | downgraded | Jul 6, 2018 |
| sonny randhawa Seaport Global | Hold | $26.0 | reiterated | May 7, 2018 |
| mike kelly Seaport Global | Hold | $23.0 | reiterated | Jul 31, 2017 |
| justin cable Seaport Global | Hold | $22.0 | reiterated | Jul 26, 2017 |
| bill sanchez Scotiabank | Hold | $30.0 | maintained | Mar 22, 2017 |
Patterson-UTI Energy, Inc., through its subsidiaries, provides 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. 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.
When did it IPO
1993
Staff Count
6,500
Country
United States
Sector/Industry
Energy/Oil & Gas Drilling
CEO
Mr. William Andrew Hendricks Jr.
Market Cap
$5.03B
In 2023, PTEN generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that PTEN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
EXLS-USD
$30.26
EEFT-USD
$106.39
BCPC-USD
$155.29
$69.78
IAC-USD
$57.18
FIVN-USD
$71.05
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