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Last $20.77 USD
Change Today +0.77 / 3.85%
Volume 2.0M
PTEN On Other Exchanges
As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

patterson-uti energy inc (PTEN) Snapshot

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52 Week High
07/24/14 - $38.43
52 Week Low
01/12/15 - $13.30
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patterson-uti energy inc (PTEN) Details

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Contract Drilling segment markets its contract drilling services primarily in Texas, New Mexico, Louisiana, Oklahoma, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, Ohio, West Virginia, and western and northern Canada. As of December 31, 2014, this segment had a drilling fleet of 239 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic and nitrogen fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

7,900 Employees
Last Reported Date: 02/12/15
Founded in 1978

patterson-uti energy inc (PTEN) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $600.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $350.0K
President of UTI Drilling Company LLC
Total Annual Compensation: $325.0K
Senior Vice President, Director and Member of...
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2014.

patterson-uti energy inc (PTEN) Key Developments

Patterson-UTI Energy Inc. Reports Drilling Activity for April 2015

Patterson-UTI Energy Inc. reported drilling activity for the month of April 2015. For the month, the company had an average of 131 drilling rigs operating in the United States and two rigs in Canada.

Patterson-UTI Energy Inc. Presents at UBS 2015 Global Oil & Gas Conference, May-19-2015 10:35 AM

Patterson-UTI Energy Inc. Presents at UBS 2015 Global Oil & Gas Conference, May-19-2015 10:35 AM. Venue: Four Seasons Downtown, 98 San Jacinto Blvd, Austin, Texas, United States. Speakers: Andrew Hendricks, President & CEO, Mike Drickamer, Director Investor Relations.

Patterson-UTI Energy Inc. Declares Quarterly Dividend, Payable on June 24, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Patterson-UTI Energy Inc. declared a quarterly dividend on its common stock of $0.10 per share, to be paid on June 24, 2015 to holders of record as of June 10, 2015. Patterson-UTI Energy Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $657,699,000 compared to $678,168,000 a year ago. Operating income was $24,103,000 compared to $58,776,000 a year ago. Income before income taxes of $15,845,000 compared to $51,764,000 a year ago. Net income was $9,125,000 compared to $34,822,000 a year ago. Basic and diluted net income per share was $0.06 compared to $0.24 a year ago. Adjusted EBITDA was $199,485,000 compared to $206,098,000 a year ago. Total capital expenditures were $241,466,000 compared to $170,372,000 a year ago.


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Price/Earnings 21.5x
Price/Sales 0.9x
Price/Book 1.0x
Price/Cash Flow 3.7x
TEV/Sales 0.6x

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