PE1 Stock Overview Through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. More details
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Patterson-UTI Energy, Inc. Competitors Price History & Performance
Summary of share price highs, lows and changes for Patterson-UTI Energy Historical stock prices Current Share Price US$8.30 52 Week High US$11.70 52 Week Low US$6.60 Beta 2.11 1 Month Change 5.06% 3 Month Change 12.16% 1 Year Change -14.87% 3 Year Change 5.62% 5 Year Change -11.70% Change since IPO -31.88%
Recent News & Updates
Third quarter dividend of US$0.08 announced Oct 28
Third quarter 2024 earnings released: US$2.50 loss per share (vs US$0 in 3Q 2023) Oct 25 Patterson-UTI Energy, Inc. Reports Unaudited Consolidated Impairment Results for the Third Quarter Ended September 30, 2024
New major risk - Revenue and earnings growth Oct 11
Patterson-UTI Energy, Inc. Reports Drilling Activity for September 2024 Oct 04
Patterson-Uti Energy, Inc. Reports Drilling Activity for August 2024 Sep 10 See more updates
Third quarter dividend of US$0.08 announced Oct 28
Third quarter 2024 earnings released: US$2.50 loss per share (vs US$0 in 3Q 2023) Oct 25 Patterson-UTI Energy, Inc. Reports Unaudited Consolidated Impairment Results for the Third Quarter Ended September 30, 2024
New major risk - Revenue and earnings growth Oct 11
Patterson-UTI Energy, Inc. Reports Drilling Activity for September 2024 Oct 04
Patterson-Uti Energy, Inc. Reports Drilling Activity for August 2024 Sep 10
Investor sentiment deteriorates as stock falls 17% Aug 07
Second quarter dividend of US$0.08 announced Jul 29
Second quarter 2024 earnings released: EPS: US$0.028 (vs US$0.41 in 2Q 2023) Jul 26
Patterson-Uti Energy, Inc. Declares Quarterly Dividend, Payable on September 16, 2024 Jul 25
Insider recently sold €551k worth of stock Jun 21
Upcoming dividend of US$0.08 per share May 27
Independent Vice Chairman of the Board recently sold €1.6m worth of stock May 23
First quarter dividend of US$0.08 announced May 13
Patterson-UTI Energy, Inc. Declares Quarterly Dividend on Its Common Stock, Payable on June 17, 2024 May 03
First quarter 2024 earnings released: EPS: US$0.13 (vs US$0.47 in 1Q 2023) May 02
Patterson-UTI Energy, Inc., Annual General Meeting, Jun 06, 2024 Apr 12
Director recently sold €2.7m worth of stock Mar 07
Upcoming dividend of US$0.08 per share Feb 22
Investor sentiment improves as stock rises 16% Feb 21
Fourth quarter dividend of US$0.08 announced Feb 19
New minor risk - Earnings quality Feb 16
Full year 2023 earnings released: EPS: US$0.88 (vs US$0.72 in FY 2022) Feb 16
Patterson-UTI Energy . Declares Quarterly Dividend, Payable on March 15, 2024 Feb 15
Upcoming dividend of US$0.08 per share at 2.7% yield Nov 23
Third quarter 2023 earnings released: EPS: US$0 (vs US$0.28 in 3Q 2022) Nov 09
Patterson-UTI Energy, Inc. Declares Quarterly Dividend, Payable on December 15, 2023 Nov 09
Investor sentiment deteriorates as stock falls 15% Oct 06
Less than half of directors are independent Sep 21
Senior VP recently sold €562k worth of stock Sep 18
New major risk - Shareholder dilution Sep 17
Patterson-UTI Energy, Inc. (NasdaqGS:PTEN) completed the acquisition of NexTier Oilfield Solutions Inc. (NYSE:NEX) from Cerberus Capital Management, L.P., Keane Investor Holdings LLC and others in a merger of equals. Sep 02
Upcoming dividend of US$0.08 per share at 2.2% yield Aug 30
New minor risk - Shareholder dilution Aug 17
Patterson-UTI Energy, Inc. (NasdaqGS:PTEN) completed the acquisition of Ulterra Drilling Technologies, L.P. from affiliates of Blackstone Energy Partners. Aug 15
New major risk - Revenue and earnings growth Jul 28
Patterson-UTI Energy, Inc. Declares Quarterly Dividend, Payable on September 21, 2023 Jul 28
Second quarter 2023 earnings released: EPS: US$0.41 (vs US$0.10 in 2Q 2022) Jul 27
Patterson-UTI Energy, Inc. (NasdaqGS:PTEN) entered into a definitive agreement to acquire Ulterra Drilling Technologies, L.P. from affiliates of Blackstone Energy Partners for approximately $800 million. Jul 07 Patterson-UTI Energy, Inc. (NasdaqGS:PTEN) entered into a definitive agreement to acquire Ulterra Drilling Technologies, L.P. for consideration approximately $800 million. Jul 06
Patterson-UTI Energy, Inc.(NasdaqGS:PTEN) dropped from Russell Small Cap Comp Growth Index Jun 25
Patterson-UTI Energy, Inc. (NasdaqGS:PTEN) entered into a definitive agreement to acquire NexTier Oilfield Solutions Inc. (NYSE:NEX) from Cerberus Capital Management, L.P., Keane Investor Holdings LLC and others for $2 billion in a merger of equals. Jun 16
NexTier Oilfield and Patterson-UTI Energy Hold Merger Talks Jun 14
Upcoming dividend of US$0.08 per share at 2.9% yield May 24
First quarter 2023 earnings released: EPS: US$0.47 (vs US$0.13 loss in 1Q 2022) Apr 28
Investor sentiment deteriorates as stock falls 17% Mar 14
Upcoming dividend of US$0.08 per share at 2.4% yield Feb 22
Full year 2022 earnings released: EPS: US$0.72 (vs US$3.37 loss in FY 2021) Feb 09 Patterson-UTI Energy, Inc. Provides Earnings Guidance for the Year 2023
Patterson-UTI Energy, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 Jan 05
Patterson-UTI Energy, Inc. Promotes James "Mike" Holcomb as Chief Operating Officer Jan 04
Forecast breakeven date pushed back to 2023 Dec 31
Upcoming dividend of US$0.08 per share Nov 23
President of UTI Drilling Company LLC recently sold €265k worth of stock Oct 30
Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.44 loss in 3Q 2021) Oct 27
Patterson-UTI Energy, Inc. Announces Quarterly Cash Dividend, Payable on December 15, 2022 Oct 27
Upcoming dividend of US$0.04 per share Aug 24
Forecast to breakeven in 2022 Aug 01
Second quarter 2022 earnings released: EPS: US$0.10 (vs US$0.55 loss in 2Q 2021) Jul 29
Forecast to breakeven in 2022 Jul 19
Upcoming dividend of US$0.04 per share May 25
President of UTI Drilling Company LLC recently sold €1.6m worth of stock May 06
First quarter 2022 earnings released: US$0.13 loss per share (vs US$0.57 loss in 1Q 2021) Apr 28
Patterson-UTI Energy, Inc., Annual General Meeting, Jun 02, 2022 Apr 12
Patterson-UTI Energy, Inc. Announces Appointment of Julie J. Robertson and Cesar Jaime to Board of Directors Apr 03
Executive VP & CFO recently sold €736k worth of stock Mar 12
President of UTI Drilling Company LLC recently sold €846k worth of stock Mar 10
Senior VP recently sold €842k worth of stock Feb 24
Upcoming dividend of US$0.04 per share Feb 23
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Feb 11
Patterson-UTI Energy, Inc. Declares Quarterly Dividend on its Common Stock, Payable on March 17, 2022 Feb 11
Forecast to breakeven in 2024 Jan 20
Independent Director recently sold €57k worth of stock Jan 07
Insufficient new directors Dec 06
Patterson-UTI Energy, Inc. Reports Drilling Activity for November 2021 Dec 05
Upcoming dividend of US$0.02 per share Nov 24
Third quarter 2021 earnings released: US$0.44 loss per share (vs US$0.60 loss in 3Q 2020) Oct 29
Upcoming dividend of US$0.02 per share Aug 25
Second quarter 2021 earnings released: US$0.55 loss per share (vs US$0.81 loss in 2Q 2020) Jul 31
PATTERSON-UTI ENERGY, INC. Reports Drilling Activity for May 2021 Jun 04
Upcoming dividend of US$0.02 per share May 26
Patterson-UTI Energy, Inc. Reports Drilling Activity for April 2021 May 06
First quarter 2021 earnings released: US$0.57 loss per share (vs US$2.28 loss in 1Q 2020) May 01
Patterson-UTI Energy, Inc. Declares a Quarterly Dividend, Payable on June 17, 2021 Apr 30
New 90-day high: €6.50 Mar 02
Full year 2020 earnings released: US$4.28 loss per share (vs US$2.10 loss in FY 2019) Feb 06
Revenue beats expectations Feb 06
Patterson-UTI Energy, Inc. Reports Drilling Activity for January 2021 Feb 04
Patterson-UTI Energy, Inc.(NasdaqGS:PTEN) dropped from Russell 1000 Dynamic Index Jan 28
New 90-day high: €4.76 Jan 06 Shareholder Returns PE1 DE Energy Services DE Market 7D 15.3% 1.0% 0.3% 1Y -14.9% 10.1% 8.4%
See full shareholder returns
Return vs Market: PE1 underperformed the German Market which returned 8.4% over the past year.
Price Volatility Is PE1's price volatile compared to industry and market? PE1 volatility PE1 Average Weekly Movement 7.1% Energy Services Industry Average Movement 5.0% Market Average Movement 4.8% 10% most volatile stocks in DE Market 11.8% 10% least volatile stocks in DE Market 2.4%
Stable Share Price: PE1's share price has been volatile over the past 3 months compared to the German market.
Volatility Over Time: PE1's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of German stocks.
About the Company Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries.
Show more Patterson-UTI Energy, Inc. Fundamentals Summary How do Patterson-UTI Energy's earnings and revenue compare to its market cap? PE1 fundamental statistics Market cap €3.14b Earnings (TTM ) -€833.14m Revenue (TTM ) €5.66b
Earnings & Revenue Key profitability statistics from the latest earnings report (TTM) PE1 income statement (TTM ) Revenue US$5.80b Cost of Revenue US$4.18b Gross Profit US$1.62b Other Expenses US$2.48b Earnings -US$854.50m
Last Reported Earnings
Sep 30, 2024
Earnings per share (EPS) -2.19 Gross Margin 27.94% Net Profit Margin -14.73% Debt/Equity Ratio 34.4%
How did PE1 perform over the long term?
See historical performance and comparison Dividends
3.9% Current Dividend Yield
Company Analysis and Financial Data Status Data Last Updated (UTC time) Company Analysis 2025/01/02 22:56 End of Day Share Price 2025/01/02 00:00 Earnings 2024/09/30 Annual Earnings 2023/12/31
Data Sources The data used in our company analysis is from S&P Global Market Intelligence LLC . The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package Data Timeframe Example US Source * Company Financials 10 years Income statement Cash flow statement Balance sheet Analyst Consensus Estimates +3 years Forecast financials Analyst price targets Market Prices 30 years Stock prices Dividends, Splits and Actions Ownership 10 years Top shareholders Insider trading Management 10 years Leadership team Board of directors Key Developments 10 years
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here .
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Analyst Sources Patterson-UTI Energy, Inc. is covered by 63 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst Institution Waqar Syed ATB Capital Markets Tim Monachello ATB Capital Markets Eddie Kim Barclays
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