Stock PTEN PATTERSON-UTI ENERGY, INC.
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Company Patterson-UTI Energy, Inc.

Equities

PTEN

US7034811015

Oil & Gas Drilling

Real-time Estimate Cboe BZX
Other stock markets
 09:31:34 2024-04-25 am EDT 		5-day change 1st Jan Change
11.46 USD -0.61% Intraday chart for Patterson-UTI Energy, Inc. +2.76% +6.76%
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

Business Summary

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.

Number of employees: 10,600

Sales per Business

USD in Million2022Weight2023Weight Delta
Completion Services
48.7 %
1,022 38.6 % 2,017 48.7 % +97.32%
Drilling Services
46.3 %
1,317 49.7 % 1,920 46.3 % +45.80%
Drilling Products
3.2 %
216 8.2 % 135 3.2 % -37.79%
Other
1.8 %
92 3.5 % 75 1.8 % -18.94%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
97.8 %
2,577 97.4 % 4,057 97.8 % +57.41%
Colombia
1.2 %
70 2.6 % 51 1.2 % -27.71%
International (Excluding Colombia)
0.9 %
-- 39 0.9 % -

Managers

Managers TitleAgeSince
William Hendricks CEO
 Chief Executive Officer 59 12-04-01
C. Smith DFI
 Director of Finance/CFO 53 17-09-07
Michael James Sabella IRC
 Investor Relations Contact - 23-08-31
Diana Dotolo HRO
 Human Resources Officer - 13-12-31
Martv Unrein SAM
 Sales & Marketing - 04-12-31
Kenneth Pucheu PRN
 Corporate Officer/Principal 47 23-08-31
Kenneth Neil Berns PRN
 Corporate Officer/Principal 64 01-04-30
James Holcomb PRN
 Corporate Officer/Principal 61 98-01-31
Seth David Wexler LAW
 General Counsel 52 09-07-31

Members of the board

Members of the board TitleAgeSince
Curtis Huff CHM
 Chairman 66 01-04-30
Julie Robertson BRD
 Director/Board Member 68 22-03-31
Leslie Beyer BRD
 Director/Board Member 48 23-08-31
Tiffany Cepak BRD
 Director/Board Member 51 14-08-07
Kenneth Neil Berns PRN
 Corporate Officer/Principal 64 01-04-30
Amy Nelson BRD
 Director/Board Member 55 23-08-31
William Hendricks CEO
 Chief Executive Officer 59 12-04-01
Robert Drummond BRD
 Director/Board Member 63 23-08-31
Janeen Judah BRD
 Director/Board Member 64 18-04-02
Cesar Jaime BRD
 Director/Board Member 64 22-03-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 508,831,912 394,223,527 ( 77.48 %) 105,580,011 ( 20.75 %) 77.48 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
12.86 %
52,510,504 12.86 % 627 M $
Vanguard Fiduciary Trust Co.
11.03 %
45,041,600 11.03 % 538 M $
Blackstone Corporate Private Equity
7.036 %
28,720,953 7.036 % 343 M $
Macquarie Investment Management Business Trust
3.894 %
15,895,416 3.894 % 190 M $
Dimensional Fund Advisors LP
3.459 %
14,121,373 3.459 % 169 M $
STATE STREET CORPORATION
3.363 %
13,728,266 3.363 % 164 M $
Cerberus Capital Management LP
3.336 %
13,618,949 3.336 % 163 M $
Citadel Securities GP LLC
3.152 %
12,864,600 3.152 % 154 M $
Van Eck Associates Corp.
2.084 %
8,505,551 2.084 % 102 M $
Fidelity Management & Research Co. LLC
1.883 %
7,687,386 1.883 % 92 M $

Company contact information

Patterson-UTI Energy, Inc.

10713 West Sam Houston Parkway North Suite 800

77064, Houston

+281 765 7100

http://www.patenergy.com
address Patterson-UTI Energy, Inc.(PTEN)

Group companies

NameCategory and Sector
Patterson-UTI Management Services LLC
Logo Patterson-UTI Management Services LLC

Patterson-UTI Management Services LLC

Oil & Gas ProductionEnergy Minerals

Part of Patterson-UTI Energy, Inc., Patterson-UTI Management Services LLC is an American company that provides oil and gas field exploration services. The private company is located in the US.

Oil & Gas Production

Sector

Energy
Energy - Fossil Fuels
Oil & Gas Related Equipment and Services
Oil & Gas Drilling
Other Oil & Gas Drilling

Sales per Business

Sales per region

Ratings for Patterson-UTI Energy, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
11.53 USD
Average target price
16 USD
Spread / Average Target
+38.77%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Drilling

1st Jan change Capi.
PATTERSON-UTI ENERGY, INC. Stock Patterson-UTI Energy, Inc.
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ARABIAN DRILLING COMPANY Stock Arabian Drilling Company
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Other Oil & Gas Drilling
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