Patterson-UTI Energy Inc. (PTEN)
Summary
Patterson-UTI (PTEN) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
Patterson-UTI (PTEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is PattersonUTI Energy (PTEN) Stock Outpacing Its Oils-Energy Peers This Year?
Here is how Patterson-UTI (PTEN) and Suncor Energy (SU) have performed compared to their sector so far this year.
Is PattersonUTI Energy (PTEN) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Patterson-UTI Energy Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 1,404 | $13,560.72 | $13,422.24 | -$138.48 | -1.02% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 211 | $1,742.86 | $2,017.12 | $274.26 | 15.74% |
 Man Group Man Group PLC | 506,596 | $8.78M | $4.84M | -$3.94M | -44.87% |
| TGK Thomas G. Kahn KAHN BROTHERS GROUP Inc. | 1.69M | $7.28M | $16.23M | $8.95M | 122.93% |
| BG Bart Gancher Intech Investment Management LLC | 153,236 | $1.12M | $1.47M | $342,852.27 | 30.54% |
Patterson-UTI Energy Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| EK Eddie Kim Barclays | 1,983.95 | $22,656.68 | $19,571.64 | -$3,085.04 | -13.62% |
Patterson-UTI Energy Inc. (PTEN) FAQ
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Patterson-UTI Energy Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | William Andrew Hendricks Jr. CEO | NASDAQ (NGS) Exchange | 703481101 CUSIP |
| US Country | 7,900 Employees | 1 Jun 2026 Last Dividend | 1 Jul 2004 Last Split | 2 Nov 1993 IPO Date |
Overview
Patterson-UTI Energy, Inc. is a prominent entity in the energy sector, focusing on providing specialized drilling services to oil and natural gas operators both in the United States and internationally. Founded in 1978 and headquartered in Houston, Texas, the company has grown substantially to include a diverse range of services categorized under Drilling Services, Completion Services, and Drilling Products segments. Each of these segments plays a critical role in supporting the complex needs of onshore drilling operations within oil and natural gas basins. Patterson-UTI Energy is recognized for its commitment to quality, safety, and innovation, leveraging its extensive experience and technical expertise to enhance drilling efficiency and effectiveness for its clients.
Products and Services
- Contract Drilling Services:
This segment includes providing both contract and directional drilling services primarily in onshore oil and natural gas basins. It is also involved in the servicing and re-certification of equipment for drilling contractors, alongside offering electrical controls and automation solutions across the energy, marine, and mining industries.
- Completion Services:
Services under this category include hydraulic fracturing, wireline and pumping, completion support, and cementing. Additionally, Patterson-UTI Energy is engaged in power solutions through natural gas fueling, alongside logistics and storage operations. This suite of completion services is integral to preparing wells for production, ensuring operational efficiency and safety.
- Drilling Products:
This segment focuses on the manufacture and distribution of drill bits tailored for the energy and mining markets. The company's dedication to innovation is reflected in its offering of software and services like MWD Survey FDIR, a cutting-edge data analytics technology for real-time analysis of MWD survey data to accurately identify well positioning. Other notable offerings include HiFi Nav for enhanced directional well placement, HiFi Guidance for optimal steering recommendations, and the rental of oilfield tools to support various drilling projects.
