10-May-2024
Stifel Nicolaus Reaffirms Their Buy Rating on Patterson-UTI (PTEN)
TipRanks (Wed, 8-May 10:06 PM ET)
Patterson-UTI Reports Drilling Activity for April 2024
ACCESSWIRE (Mon, 6-May 5:55 PM ET)
Piper Sandler Reaffirms Their Buy Rating on Patterson-UTI (PTEN)
TipRanks (Mon, 6-May 8:15 AM ET)
Benchmark Co. Reaffirms Their Hold Rating on Patterson-UTI (PTEN)
TipRanks (Mon, 6-May 7:05 AM ET)
TipRanks (Mon, 6-May 4:43 AM ET)
Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024
ACCESSWIRE (Wed, 1-May 7:01 PM ET)
Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
ACCESSWIRE (Mon, 8-Apr 6:30 PM ET)
Patterson-UTI Reports Drilling Activity for March 2024
ACCESSWIRE (Wed, 3-Apr 4:46 PM ET)
Patterson-UTI Reports Drilling Activity for February 2024
ACCESSWIRE (Mon, 4-Mar 6:45 PM ET)
Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023
ACCESSWIRE (Wed, 14-Feb 6:30 PM ET)
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.
Patterson-Uti Energy trades on the NASDAQ stock market under the symbol PTEN.
As of May 10, 2024, PTEN stock price declined to $10.89 with 4,147,996 million shares trading.
PTEN has a beta of 0.59, meaning it tends to be less sensitive to market movements. PTEN has a correlation of 0.04 to the broad based SPY ETF.
PTEN has a market cap of $4.37 billion. This is considered a Mid Cap stock.
Last quarter Patterson-Uti Energy reported $2 billion in Revenue and $.15 earnings per share. This fell short of revenue expectation by $-10 million and exceeded earnings estimates by $.02.
In the last 3 years, PTEN stock traded as high as $20.53 and as low as $6.44.
The top ETF exchange traded funds that PTEN belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
PTEN has underperformed the market in the last year with a price return of +9.4% while the SPY ETF gained +27.8%. However, in the short term, PTEN had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.5% vs +4.2% return in SPY. But in the last 2 weeks, PTEN shares have been beat by the market, returning -3.2% compared to an SPY return of +2.5%.
PTEN support price is $10.91 and resistance is $11.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PTEN stock will trade within this expected range on the day.