Patterson-UTI Energy, Inc.

PTEN

US7034811015

Oil & Gas Drilling

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
11.25 ^USD	-0.09%		-2.26%	+4.17%

Apr. 18	Morgan Stanley Cuts Price Target on Patterson-UTI Energy to $15 From $17, Keeps Equalweight Rating	MT
Apr. 03	Patterson-UTI Energy Reports 120 Drilling Rigs Operating in March	MT

Tranche Update on Patterson-UTI Energy, Inc.'s Equity Buyback Plan announced on September 9, 2013.

February 14, 2024 at 07:15 pm EST

From October 1, 2023 to December 31, 2023, the company has repurchased 7,000,000 shares, representing 1.68% for $76 million. With this, the company has completed the repurchase of 56,029,048 shares, representing 25.4% for $659.67 million under the buyback announced on September 9, 2013.

Latest news about Patterson-UTI Energy, Inc.

Morgan Stanley Cuts Price Target on Patterson-UTI Energy to $15 From $17, Keeps Equalweight Rating	Apr. 18	MT
Patterson-UTI Energy Reports 120 Drilling Rigs Operating in March	Apr. 03	MT
Patterson-UTI Energy, Inc. Reports Drilling Activity for the Month and Three Months Ended March 31, 2024	Apr. 03	CI
Sector Update: Energy Stocks Advance in Tuesday Afternoon Trading	Mar. 05	MT
Sector Update: Energy Stocks Decline Premarket Tuesday	Mar. 05	MT
Rate Cut Uncertainty Pushes Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday	Mar. 05	MT
Patterson-UTI Energy Says it Operated Average of 122 US Drilling Rigs in February	Mar. 05	MT
US oilfield job losses could swell as natural gas prices plunge	Feb. 22	RE
Raymond James Cuts Price Target on Patterson-UTI Energy to $15 From $16, Keeps Strong Buy Rating	Feb. 16	MT
RBC Trims Price Target on Patterson-UTI Energy to $16 From $17, Keeps Outperform Rating	Feb. 16	MT
Sector Update: Energy Stocks Jump in Late Afternoon	Feb. 15	MT
Sector Update: Energy Stocks Gain in Thursday Afternoon Trading	Feb. 15	MT
Transcript : Patterson-UTI Energy, Inc., Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Sector Update: Energy Stocks Rise Pre-Bell Thursday	Feb. 15	MT
Sector Update: Energy	Feb. 15	MT
Patterson-UTI Energy, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 15	CI
Patterson-UTI Energy, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 15	CI
Patterson-UTI Energy's Q4 Earnings Fall, Revenue Increases	Feb. 15	MT
Tranche Update on Patterson-UTI Energy, Inc.'s Equity Buyback Plan announced on September 9, 2013.	Feb. 14	CI
Patterson-UTI Energy . Declares Quarterly Dividend, Payable on March 15, 2024	Feb. 14	CI
Sector Update: Energy Stocks Decline Late Tuesday Afternoon	Jan. 09	MT
Sector Update: Energy Stocks Decline Tuesday Afternoon	Jan. 09	MT
Sector Update: Energy	Jan. 09	MT
Patterson-UTI Energy's Average US Operational Rigs Increase in December	Jan. 09	MT
Patterson-UTI Energy, Inc. Reports Drilling Activity for the Month and Three Months Ended December 31, 2023	Jan. 08	CI

Chart Patterson-UTI Energy, Inc.

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Company Profile

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.

Sector

Oil & Gas Drilling

Calendar

2024-04-30 - Q1 2024 Earnings Release

Related indices

Russell 2000

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Ratings for Patterson-UTI Energy, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.25 USD

Average target price

16 USD

Spread / Average Target

+42.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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NOBLE CORPORATION PLC	-4.38%	6.61B
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VALARIS LIMITED	+0.92%	5.01B
TRANSOCEAN LTD.	-7.56%	4.86B
HELMERICH & PAYNE, INC.	+11.51%	3.99B
SINOPEC OILFIELD SERVICE CORPORATION	+7.22%	3.9B
ARABIAN DRILLING COMPANY	-20.42%	3.61B

Other Oil & Gas Drilling

Patterson-UTI Energy, Inc.

Equities

PTEN

US7034811015

Oil & Gas Drilling

Tranche Update on Patterson-UTI Energy, Inc.'s Equity Buyback Plan announced on September 9, 2013.

EPS Revisions