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How to buy Patterson-UTI Energy stock

Learn how to easily invest in Patterson-UTI Energy stock.

Patterson-UTI Energy is an oil & gas drilling business based in the US. Patterson-UTI Energy shares (PTEN) are listed on the NASDAQ and all prices are listed in US Dollars. Patterson-UTI Energy employs 5,000 staff and has a trailing 12-month revenue of around $2.3 billion.

How to buy Patterson-UTI Energy stock

  1. Open a stock trading account. Use our comparison table or choose from our Top Picks.
  2. Confirm your payment details. Fund your account with a bank transfer, debit card or credit card and take advantage of any signup bonuses.
  3. Search for the stock by name or ticker symbol – PTEN. It's that simple.

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Patterson-UTI Energy stock price (NASDAQ: PTEN)

Use our graph to track the performance of PTEN stocks over time.

Patterson-UTI Energy shares at a glance

Information last updated 2023-02-01.
Latest market close$16.01
52-week range$10.17 - $20.34
50-day moving average $16.90
200-day moving average $15.93
Wall St. target price$23.32
PE ratio N/A
Dividend yield $0.14 (1.91%)
Earnings per share (TTM) $-2.86

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Is it a good time to buy Patterson-UTI Energy stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Patterson-UTI Energy price performance over time

Historical closes compared with the close of $16.01 from 2023-02-02

1 week (2023-01-23) N/A
1 month (2023-01-03) 1.97%
3 months (2022-11-01) -11.10%
6 months (2022-08-02) -1.78%
1 year (2022-02-03) 53.35%
2 years (2021-02-03) 139.31%
3 years (2020-02-03) 100.63%
5 years (2018-02-02) 23.04

Is Patterson-UTI Energy stock undervalued or overvalued?

Valuing Patterson-UTI Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Patterson-UTI Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Patterson-UTI Energy's EBITDA

Patterson-UTI Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $511.2 million.

The EBITDA is a measure of a Patterson-UTI Energy's overall financial performance and is widely used to measure a its profitability.

Patterson-UTI Energy financials

Revenue TTM $2.3 billion
Operating margin TTM 0.13%
Gross profit TTM $275.1 million
Return on assets TTM 0.06%
Return on equity TTM -18.44%
Profit margin -13.21%
Book value $7.54
Market capitalisation $3.7 billion

TTM: trailing 12 months

Patterson-UTI Energy share dividends

80%

Dividend payout ratio: 80% of net profits

Recently Patterson-UTI Energy has paid out, on average, around 80% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.91% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Patterson-UTI Energy shareholders could enjoy a 1.91% return on their shares, in the form of dividend payments. In Patterson-UTI Energy's case, that would currently equate to about $0.14 per share.

Patterson-UTI Energy's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Patterson-UTI Energy's most recent dividend payout was on 14 December 2022. The latest dividend was paid out to all shareholders who bought their shares by 29 November 2022 (the "ex-dividend date").

Have Patterson-UTI Energy's shares ever split?

Patterson-UTI Energy's shares were split on a 2:1 basis on 30 June 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Patterson-UTI Energy shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Patterson-UTI Energy shares which in turn could have impacted Patterson-UTI Energy's share price.

Patterson-UTI Energy share price volatility

Over the last 12 months, Patterson-UTI Energy's shares have ranged in value from as little as $10.165 up to $20.338. A popular way to gauge a stock's volatility is its "beta".

PTEN.US volatility(beta: 2.37)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Patterson-UTI Energy's is 2.3711. This would suggest that Patterson-UTI Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Patterson-UTI Energy overview

Patterson-UTI Energy, Inc. , through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration.

Frequently asked questions

What percentage of Patterson-UTI Energy is owned by insiders or institutions?
Currently 2.069% of Patterson-UTI Energy shares are held by insiders and 99.136% by institutions.
How many people work for Patterson-UTI Energy?
Latest data suggests 5,000 work at Patterson-UTI Energy.
When does the fiscal year end for Patterson-UTI Energy?
Patterson-UTI Energy's fiscal year ends in December.
Where is Patterson-UTI Energy based?
Patterson-UTI Energy's address is: 10713 West Sam Houston Parkway North, Houston, TX, United States, 77064
What is Patterson-UTI Energy's ISIN number?
Patterson-UTI Energy's international securities identification number is: US7034811015
What is Patterson-UTI Energy's CUSIP number?
Patterson-UTI Energy's Committee on Uniform Securities Identification Procedures number is: 703414102

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