Buy Patterson-UTI Energy
Amount
Latest price
$7.79
(£1.00 = $1.295)
Number of shares (est.)
0
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Metrics
Market Cap
$2.94B
P/E ratio
-3.12
EPS
-$2.437
Beta
1.63
Dividend rate
$0.32
Dividend yield
4.20%
About
Patterson-UTI Energy, Inc. is a provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services. Its Drilling Services segment provides a comprehensive suite of directional drilling services in major producing onshore oil and natural gas basins in the United States, and it provides services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. Its Completion Services segment consists of a well completion business consists of services for hydraulic fracturing, wireline and pumping, completion support, and cementing. Its Drilling Products segment engages in the manufacturing and distribution of drill bits throughout North America. The Company's drilling equipment is used in oil and natural gas exploration and production and in mining operations.
CEO
Mr. William Andrew (Andy) Hendricks, Jr.
Employees
9,200
Sector
Energy
Company HQ
HOUSTON, United States of America
Website
News
Patterson-UTI Reports Drilling Activity for February 2025
HOUSTON, TEXAS / ACCESS Newswire / March 6, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2025, the Company had an average of 107 drilling rigs operating in the United States.
Patterson-UTI: High Torque To Increased Natural Gas Activity
US drilling and completion activity looks to be stable in the near term. In the medium term, additional natural gas focused activity in the Haynesville shale represents a powerful driver for improved margins. LNG exports are expected to ramp by year-end 2025, which should be a catalyst to warrant renewed natural gas related activity.
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Company Registration Number: 10578464.
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