Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Patterson-UTI Energy stock | $7.88

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

Patterson-UTI Energy Inc 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 3,000 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Patterson-UTI Energy

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – PTEN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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 2021-09-18.
Latest market close$7.88
52-week range$2.35 - $11.24
50-day moving average $7.63
200-day moving average $8.24
Wall St. target price$9.71
PE ratio N/A
Dividend yield $0.08 (1%)
Earnings per share (TTM) $-2.28

Buy Patterson-UTI Energy shares from these brokerages

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Asset types Option trade fee Annual fee Signup bonus
Robinhood
Stocks, Options, ETFs, Cryptocurrency
$0
0%
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
J.P. Morgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs
$0 + $0.65/contract
0%
N/A
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Sofi Invest
Stocks, ETFs, Cryptocurrency
N/A
0%
Get one free stock worth up to $1,000
Open an account
A free way to invest in stocks, ETFs and crypto.
Public
Stocks, ETFs
N/A
$0 per month
Download and sign up with Public.com; approved accounts receive a free stock slice worth up to $70, selected from 9 popular stocks.
Open an account
Commission-free trading in stocks and ETFs with a social networking twist.
Webull
Stocks, Options, ETFs
$0
0%
Get two free stocks valued between $3.00 and $300 with a deposit to any new account.
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
loading

Compare up to 4 providers

*Signup bonus information updated weekly.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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 $7.88 from 2021-09-17

1 week (2021-09-13) -7.40%
1 month (2021-08-20) 19.39%
3 months (2021-06-18) -19.51%
6 months (2021-03-19) -0.88%
1 year (2020-09-18) 128.41%
2 years (2019-09-19) -18.26%
3 years (2018-09-19) 17.89
5 years (2016-09-19) 19.26

Is Patterson-UTI Energy under- or over-valued?

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 $140.2 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 $960.6 million
Gross profit TTM $322.3 million
Return on assets TTM -8.73%
Return on equity TTM -21.22%
Profit margin -44.59%
Book value $9.56
Market capitalisation $1.5 billion

TTM: trailing 12 months

Shorting Patterson-UTI Energy shares

There are currently 11.5 million Patterson-UTI Energy shares held short by investors – that's known as Patterson-UTI Energy's "short interest". This figure is 2.2% up from 11.3 million last month.

There are a few different ways that this level of interest in shorting Patterson-UTI Energy shares can be evaluated.

Patterson-UTI Energy's "short interest ratio" (SIR)

Patterson-UTI Energy's "short interest ratio" (SIR) is the quantity of Patterson-UTI Energy shares currently shorted divided by the average quantity of Patterson-UTI Energy shares traded daily (recently around 1.4 million). Patterson-UTI Energy's SIR currently stands at 8.06. In other words for every 100,000 Patterson-UTI Energy shares traded daily on the market, roughly 8060 shares are currently held short.

However Patterson-UTI Energy's short interest can also be evaluated against the total number of Patterson-UTI Energy shares, or, against the total number of tradable Patterson-UTI Energy shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Patterson-UTI Energy's short interest could be expressed as 0.06% of the outstanding shares (for every 100,000 Patterson-UTI Energy shares in existence, roughly 60 shares are currently held short) or 0.0621% of the tradable shares (for every 100,000 tradable Patterson-UTI Energy shares, roughly 62 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Patterson-UTI Energy.

Find out more about how you can short Patterson-UTI Energy stock.

Patterson-UTI Energy share dividends

We're not expecting Patterson-UTI Energy to pay a dividend over the next 12 months.

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 $2.3519 up to $11.241. A popular way to gauge a stock's volatility is its "beta".

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 3.244. 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 Canada. 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 and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, and West Virginia. As of December 31, 2020, this segment had a drilling fleet of 210 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 wireline steering tools; and services that enhance the accuracy of horizontal wellbore placement.

Frequently asked questions

What percentage of Patterson-UTI Energy is owned by insiders or institutions?
Currently 4.103% of Patterson-UTI Energy shares are held by insiders and 95.844% by institutions.
How many people work for Patterson-UTI Energy?
Latest data suggests 3,000 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

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site