Headquartered in Houston, TX Fiscal year ends December NASDAQ: PTEN patenergy.com
Patterson-UTI Energy provides drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries. It reports four segments:
- **Drilling Services:** U.S. contract drilling with a fleet of high-specification and structurally upgraded rigs with digital and automation capabilities, plus directional drilling. The company is exiting contract drilling operations in Colombia.
- **Completion Services:** integrated well completion services, including hydraulic fracturing. The fleet is shifting to natural gas-capable and Emerald 100% natural gas-powered equipment.
- **Drilling Products:** specialized drill bit solutions through Ulterra, acquired in 2023. It sells in the U.S., the Middle East (its largest international market, including Saudi Arabia) and other regions.
- **Other:** oil and natural gas working interests. The oilfield rentals business was divested in April 2025.
The company pays a quarterly cash dividend and repurchases shares. Updated
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Wednesday's top analyst upgrades and downgrades included APA, Applied Materials, Array Technologies, Dollar Tree, Etsy, Exxon Mobil, Microsoft, Mondelez International, Patterson-UTI Energy, Sabra Healthcare REIT and SunPower.
These are the top analyst upgrades, downgrades, and initiations seen before markets opened on Tuesday, July 11, 2023.
Monday's top analyst upgrades and downgrades included Advanced Micro Devices, Alcoa, Chewy, Coupang, CrowdStrike, DraftKings, Freeport-McMoRan, Goldman Sachs, Halliburton, Lyft, Okta, Palo Alto Networks, Patterson-Uti Energy, Progressive, Schlumberger, Unity Software and Zoom…
Monay's top analyst upgrades and downgrades included Block, Boeing, Chegg, Chesapeake Energy, DexCom, Duke Realty, JPMorgan Chase, Kraft Heinz, Merck, Netflix, Patterson-UTI Energy and TechnipFMC.
Thursday's top analyst upgrades and downgrades included Analog Devices, Aptiv, CF Industries, Ford, Mosaic, Park Hotels & Resorts, Patterson-UTI Energy, Pinterest, Plug Power, Salesforce, Snap, Temper Sealy, Tesla, Twilio and Urban Outfitters.
Friday's top analyst upgrades and downgrades included Citigroup, Dick's Sporting Goods, Dow, Huntington Bancshares, Kraft Heinz, Nutanix, Nvidia, Patterson-UTI Energy, Roku, Snowflake, Splunk, Sysco, Union Pacific and Zscaler.
Wednesday's early top analyst upgrades and downgrades included Biogen, Goodyear Tire, Hippo, Krispy Kreme, Lockheed Martin, Micron Technology, Microsoft, Nike and Patterson-UTI Energy.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with…
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with…
Patterson-UTI Energy provides drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries.
24/7 Wall St.'s 12-month price target for PTEN is $15.66, rated Buy. The Wall Street consensus target is $14.57. PTEN price prediction →
