Buy Patterson-UTI Energy

Logo for stock PTEN (Patterson-UTI Energy)

Amount

£
GBP

Latest price

$9.245
(£1.00 = $1.241)

Number of shares (est.)

0

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Metrics

Market Cap

$3.502B

P/E ratio

-4.08

EPS

-$2.199

Beta

2.00

Dividend rate

$0.32

Dividend yield

3.56%

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 in the United States. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment consists of contract drilling, directional drilling, oilfield technology and electrical controls and automation businesses. It provides contract drilling services to oil and natural gas operators in the United States and Colombia. Its Completion Services segment consists of well completion business, which includes hydraulic fracturing, wireline and pumping, completion support, cementing and pressure pumping business. The Drilling Products segment includes manufacturing and distribution of drill bits business.

CEO

Mr. William Andrew (Andy) Hendricks, Jr.

Employees

10,600

Sector

Energy

Company HQ

HOUSTON, United States of America

News

Logo for news article #0 (Patterson-UTI Reports Drilling Activity for January 2025)

Patterson-UTI Reports Drilling Activity for January 2025

HOUSTON, TX / ACCESS Newswire / February 11, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2025, the Company had an average of 106 drilling rigs operating in the United States.

Accesswire

February 11, 2025

Logo for news article #1 (Patterson-UTI Energy, Inc. (PTEN) Q4 2024 Earnings Call Transcript)

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.

Seeking Alpha

February 06, 2025

Logo for news article #2 (Patterson-UTI Energy's Q4 Earnings Fall Y/Y, Sales Lag Estimates)

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.

Zacks Investment Research

February 06, 2025

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