Patterson-UTI Energy Inc (PTEN)

neg -0.55
Today's Range: 22.67 - 23.42 | PTEN Avg Daily Volume: 3,901,400
Last Update: 10/30/14 - 11:26 AM EDT
Volume: 873,436
YTD Performance: -8.18%
Open: $22.99
Previous Close: $23.25
52 Week Range: $21.06 - $38.43
Oustanding Shares: 146,412,860
Market Cap: 3,346,997,980
6-Month Chart
TheStreet Ratings Grade for PTEN
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 7 5 3 3
Moderate Buy 4 4 3 3
Hold 5 5 5 5
Moderate Sell 0 0 0 0
Strong Sell 0 1 1 1
Mean Rec. 1.88 2.15 2.36 2.36
Latest Dividend: 0.10
Latest Dividend Yield: 1.75%
Dividend Ex-Date: 12/08/14
Price Earnings Ratio: 27.21
Price Earnings Comparisons:
PTEN Sector Avg. S&P 500
27.21 27.70 27.09
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-37.16% -4.40% 6.80%
Revenue -0.30 0.86 0.23
Net Income -37.20 0.59 0.17
EPS -34.70 0.70 0.19
Earnings for PTEN:
Revenue 2.72B
Average Earnings Estimates
Qtr (12/14) Qtr (03/15) FY (12/14) FY (12/15)
Average Estimate $0.52 $0.52 $1.59 $2.31
Number of Analysts 13 9 14 14
High Estimate $0.55 $0.58 $1.62 $2.74
Low Estimate $0.48 $0.43 $1.55 $1.85
Prior Year $0.28 $0.24 $1.45 $1.59
Growth Rate (Year over Year) 84.62% 117.59% 9.41% 45.34%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands

bearishPatterson-UTI Energy downgraded at Goldman Sachs

Oct 27, 2014 | 7:25 AM EDT

PTEN downgraded to Neutral from Conviction List Buy, said Goldman. With WTI projected to average $74 in 2015, customer capital spending should see cuts leading to a sharp fall in rig count. As such, companies with US land leverage face reduced outlook. Price target lowered to $26 from $43.


Bret Jensen

 | Mar 18, 2014 | 1:00 PM EDT

I am more optimistic about some of the larger onshore plays.


Jim Cramer

 | Mar 17, 2014 | 11:35 AM EDT

The analysts tend to be trend followers.

bullishPatterson-UTI upgraded at Goldman

Mar 17, 2014 | 7:40 AM EDT

PTEN was upgraded from Neutral to Buy, Goldman Sachs said. Company was also placed on the Conviction List. $37 price target. Expect higher onshore pricing in North America. 

bullishPatterson-UTI upgraded at RBC

Jan 8, 2014 | 7:09 AM EST

PTEN was upgraded from Sector Perform to Outperform, RBC Capital said. $29 price target. Company is growing its position in the Tier 1 land rig market and deserves a higher multiple.

bullishPatterson-UTI upgraded at Goldman

Oct 28, 2013 | 7:51 AM EDT

PTEN was upgraded from Sell to Neutral, Goldman Sachs said. $25 price target. Valuation call, as the stock has lagged its peers in recent months.  

bearishPatterson-UTI downgraded at Wunderlich

Oct 25, 2013 | 7:03 AM EDT

PTEN was downgraded from Hold to Buy, Wunderlich said. $23 price target. Company dramatically lowered their guidance. 


Tim Melvin

 | Oct 11, 2013 | 2:00 PM EDT

Snail mail stock report provides a realty check.

bearishPatterson-UTI downgraded at Cowen

Oct 9, 2013 | 7:29 AM EDT

PTEN was downgraded from Outperform to Perform, Cowen said. $24 price target. Pressure pumping prices will likely show no improvement. 

bearishPatterson-UTI numbers cut at UBS

Jul 29, 2013 | 7:57 AM EDT

Shares of PTEN now seen reaching $22, according to UBS. Estimates also reduced, given difficult industry conditions. Neutral rating. 

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