pten stock: Patterson-UTI Energy (PTEN)

This article explains pten stock — the Nasdaq-listed equity for Patterson-UTI Energy — covering company operations, history, segments, financials (including recent revenue ~ $5.3B), dividend signal...

2024-07-07 04:07:00

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Patterson-UTI Energy, Inc. (PTEN)

pten stock refers to the Nasdaq-listed equity ticker PTEN for Patterson-UTI Energy, Inc., a U.S.-based onshore oilfield services company focused on contract drilling, completion/pressure pumping services and drilling products. This article gives a practical, beginner-friendly overview of Patterson-UTI’s business, recent financial context, trading information for pten stock, key risks, and where to research and trade the name (including using Bitget’s trading services).

Company overview

Patterson-UTI Energy is an integrated onshore oilfield services provider whose core offerings include contract drilling, completion and pressure pumping services, and a portfolio of drilling products and technologies. Companies in the sector typically earn revenue by contracting rig services to exploration and production customers, providing hydraulic fracturing (pressure pumping) and completion support, and selling or servicing downhole drilling products and measurement-while-drilling/navigation systems.

In the context of pten stock, investors generally view Patterson-UTI as a service provider whose revenue and margins correlate strongly with U.S. oil and gas activity levels, drilling rig counts, and completion budgets from producers.

History and corporate development

Founded in 1978, Patterson-UTI grew from regional drilling operations into a large onshore service company through organic expansion and strategic acquisitions.
Over the decades the company expanded its footprint across key U.S. basins and added completion/pressure-pumping capabilities to move beyond pure contract drilling.
A notable corporate milestone was consolidation and scale-up of the pressure pumping/completions business via merger and acquisition activity (including the NexTier-related transaction that expanded its completions footprint). This pivot broadened the company’s service scope and made the firm more vertically integrated across drilling and completions.
Patterson-UTI has also invested in drilling products and technology (directional drilling, MWD, high-fidelity navigation) to differentiate service offerings and capture more of the well-construction value chain.

These milestones shaped investor perceptions of pten stock as a diversified oilfield service name rather than a pure-play driller.

Business segments and services

Patterson-UTI reports its operations across several practical segments (terminology may vary by filing):

Drilling Services
- Land-based contract drilling using a fleet of drilling rigs of various capabilities. Drilling Services generates revenue from daily rig rates and mobilization fees.
Completion Services (Pressure Pumping and Completions)
- Hydraulic fracturing (pressure pumping), completion crews, and coiled-tubing support. This segment grew materially after the company integrated acquisitions and expanded its completions fleet.
Drilling Products and Technologies
- Sale and servicing of drill bits, motors, measurement-while-drilling (MWD) tools and directional drilling services. Technology offerings often include trajectory control and high-fidelity navigation systems (for example, branded systems described in filings and presentations).

Key service lines that investors track for pten stock include directional drilling and MWD, hydraulic fracturing/pressure pumping activity and utilization, drill bit sales and services, and new technology adoption such as high-precision navigation tools.

Management and corporate governance

Patterson-UTI is headquartered in the United States and governed by a board of directors and an executive leadership team responsible for operations, capital allocation, and investor communications. For specific executive names, current board composition, and governance documents, consult the company’s investor relations materials and SEC filings. These sources provide the latest CEO, CFO and board member disclosures, along with committee charters and corporate governance policies.

Investor-facing policies that affect holders of pten stock include the company’s announcements on dividends, share repurchase authorizations, and periodic updates on strategic priorities.

Stock information

Ticker: PTEN (commonly referenced as pten stock)
Exchange: Nasdaq Stock Market
Identifiers: PTEN appears on major market data platforms (Ticker PTEN on Nasdaq, identifiers such as ISIN available via official exchange/registry listings).
Trading data: Real-time trading statistics (market capitalization, float, average daily volume) fluctuate and are provided by market-data vendors such as Yahoo Finance, TradingView, Nasdaq, MarketWatch and similar services.

As a reminder, pten stock quotes, market cap and volumes change intraday; investors should use live market data platforms or a brokerage account for current figures.

Recent price and trading metrics

As of the most recent public reporting periods, sources cited that Patterson-UTI posted revenue near $5.3 billion in a recent fiscal year and reported a net loss for that period (see Financial Performance below for details). These revenue and earnings patterns are drivers of pten stock performance.
Dividend yield has been reported in the mid-single digits (around 5–6% in the periods referenced by market sites), though dividend policies can change and shareholders should verify the current yield before making decisions.
The 52-week price range, beta and other volatility measures for pten stock are published on major quote providers; these metrics show that pten stock exhibits higher-than-market volatility consistent with energy services sector cyclicality.

Sources and dates: As of Jan 24, 2026, per Yahoo Finance and TradingView (price & yield summaries); as of most recent fiscal filing (see Financial Performance), management reported revenue and net results for the fiscal year ending in the period covered by the company’s filings.

Financial performance

Patterson-UTI’s financial profile as reported in recent annual and quarterly filings reflects the commodity-driven nature of the business and a period where capital spending by exploration and production customers affected utilization across drilling and completions.

Revenue trend: The company reported annual revenue on the order of several billion dollars (for example, revenue near $5.3 billion in a recent fiscal year reported by company filings and market summaries). This top-line reflects combined revenue across drilling, completions/pressure pumping, and products.
Profitability: The firm has reported fluctuating profitability; in some recent reporting periods Patterson-UTI reported a net loss driven by inventory adjustments, impairment charges, or periods of lower utilization. These non-cash items and operational earnings both influence pten stock market reactions.
Balance sheet: Leverage levels and the company’s capital structure are material for evaluating pten stock. Investors examine total debt, available liquidity, and working capital to assess resilience through down cycles.

For the most current income statement, balance sheet and cash flow details investors should consult the company’s SEC filings (Form 10-K and 10-Q) or the investor relations page.

Sources: Patterson-UTI investor materials and SEC filings; market summaries from Yahoo Finance, Nasdaq and Seeking Alpha (refer to filings for precise tables and notes). As of the latest annual filing reported by the company, revenue was approximately $5.3B and a net loss was recorded for that fiscal year (see company 10-K/10-Q for exact figures and reconciliations).

Dividends, buybacks and capital allocation

Dividends: Patterson-UTI has historically communicated its capital allocation priorities — which may include dividends — but dividend policy can change with market conditions. Market data providers reported a dividend yield in the mid-single digits (around 5–6% in the referenced reporting window). Investors should confirm the current declared dividend and ex-dividend date on the company’s investor relations page.
Share repurchases: The company may authorize share buybacks at management’s discretion; announcements of repurchase programs or suspensions are typically released via press releases and SEC filings. Such actions can affect share count and pten stock metrics like EPS.

All capital-allocation decisions should be validated against the company’s latest disclosures; the firm’s priorities often balance reinvestment in operations, debt reduction, and shareholder distributions.

Analyst coverage and market sentiment

Sell-side analysts and independent research platforms cover pten stock to varying degrees. Typical coverage items include:

Consensus ratings (buy/hold/sell) aggregated by data providers and reflected in price target distributions.
Earnings-model revisions following quarterly results or notable operational updates (e.g., rig count changes, completion fleet utilization).
Sentiment from retail investors visible on public forums and trading platforms; retail interest can amplify intraday moves in pten stock.

Specific analyst opinions and price targets change frequently; users should consult up-to-date research notes from brokerages and aggregated consensus pages on major financial portals.

Historical performance and charts

PTEN has a multi-year price history that reflects the cyclical nature of oilfield services: strong recoveries during periods of increased drilling and completion activity, and steep drawdowns when commodity prices and producer budgets decline. Historical adjusted price series, dividend-adjusted returns and long-term performance charts are available via Macrotrends, TradingView, Seeking Alpha and Nasdaq’s historical data pages.

Investors looking at long-term pten stock performance typically examine: multi-year highs and lows, rolling returns, dividend-adjusted total return, and correlation to key industry indicators such as the U.S. rig count.

Major corporate events and news

Events that materially affect pten stock include:

Quarterly earnings releases and guidance updates.
Mergers, acquisitions or divestitures (for example, transactions expanding the completions business have historically driven investor reassessment of the stock).
Capital spending plans affecting the size and utilization of the drilling and completions fleets.
Operational items such as changes in rig counts, unit service pricing, or high-profile equipment or safety incidents.

As of Jan 24, 2026, market coverage sources (including investor relations and major finance portals) flagged recent company updates on fleet utilization and capital spending guidance. For precise event dates and management commentary consult the company’s press releases and SEC filings.

Industry and risk factors

Investors in pten stock face sector-specific risks and industry exposure that are important to understand:

Commodity price exposure: Demand for contract drilling and completion services is driven by producers’ capital expenditures, which in turn are influenced by oil and natural gas prices.
Cyclicality: The drilling and completions business is cyclical; utilization rates and day rates can change quickly with shifts in producer budgets.
Operational risk: Safety incidents, equipment failure or regulatory compliance problems can lead to downtime, fines or reputational damage.
Capital intensity and leverage: The business requires significant capital investment in rigs and pressure-pumping fleets; balance-sheet leverage can be a vulnerability in down cycles.
Customer concentration: A small set of large producers can account for a meaningful share of revenue in certain periods, increasing counterparty concentration risk.

These sector dynamics mean pten stock often exhibits higher volatility than broad-market indices and requires careful monitoring of industry indicators (e.g., Baker Hughes rig count, capex guidance from major producers).

How to research and trade PTEN

This section provides practical, non-investment-advice guidance on researching and trading pten stock.

Research steps:

Start at the company’s investor relations page for press releases, SEC filings (10-K, 10-Q), presentations and governance documents. These primary sources provide audited financials and management commentary.
Use SEC EDGAR to retrieve official filings and exhibits for exact tables and footnotes.
Consult market-data platforms such as Yahoo Finance, TradingView, Nasdaq, MarketWatch and Seeking Alpha for quote data, analyst estimates and historical charts.
For deeper operational context, track industry KPIs like the U.S. rig count, basin-level activity and producer capital-spend outlooks from industry publications.

Trading considerations:

Choose a regulated brokerage or exchange-supporting platform to place orders in pten stock. For users seeking an integrated trading experience, Bitget supports equities trading and provides market data tools — consider Bitget’s trading platform for order execution, quotes, and account services. (Note: availability of specific equities on any trading platform can vary by jurisdiction.)
Use real-time quotes and check liquidity (average daily volume and bid/ask spreads) before executing large orders in pten stock.
If you use crypto-native or Web3 tools in your workflow, Bitget Wallet is recommended for managing digital assets in the Bitget ecosystem. For equity trading, standard brokerage account capabilities are required.

Reminder: The above is informational only and does not constitute investment advice.

Major sources and how they were used (selected)

Patterson-UTI investor relations materials and SEC filings — primary source for company disclosures, segment definitions, and audited financial statements. As of the company’s most recent annual filing, revenue near $5.3B was reported (see 10-K/10-Q for exact numbers and dates).
Yahoo Finance — used for trading statistics, dividend yield snapshots, and market summary data (As of Jan 24, 2026, per Yahoo Finance market summaries).
TradingView and Macrotrends — referenced for historical price series and charting context.
Nasdaq and MarketWatch — used for exchange listing details and additional quote layers.
Seeking Alpha and CNN Markets — used for analyst commentary aggregation and market sentiment snapshots.
Broker platform summaries (e.g., Robinhood summary pages) — referenced for retail interest and trading-volume context.

Note on dates: Where specific reporting dates or filing periods are relevant, readers should refer to the cited provider’s page or the company’s filing date on the SEC EDGAR system for exact timing and context.

Practical checklist for PTEN research

Review the latest Form 10-Q or 10-K and management’s discussion for revenue, utilization, and segment margins.
Check the most recent press release and earnings call transcript for management commentary on rig count trends and completions utilization.
Verify current dividend declarations, ex-dividend dates and any share-repurchase authorizations.
Pull live quotes and volume data from your brokerage or Bitget’s market data tools to confirm liquidity and current market cap for pten stock.
Monitor industry indicators (U.S. rig count, basin-level activity) and latest producer capex guidance that could affect demand for drilling and completion services.

Frequently asked questions (FAQ)

Q: What is pten stock? A: pten stock is the Nasdaq ticker PTEN for Patterson-UTI Energy, an onshore drilling and completions services company.

Q: Where can I find the latest PTEN financials? A: The company’s investor relations page and SEC filings (Form 10-Q and 10-K) contain the audited financial statements and management commentary. Market-data platforms also summarize recent financials.

Q: Does PTEN pay a dividend? A: Patterson-UTI has had dividend declarations in recent periods and market-data providers reported a yield in the mid-single digits (about 5–6% in referenced periods). Confirm current declarations on the investor relations page.

Q: How do I trade pten stock? A: Use a regulated brokerage platform that lists Nasdaq equities. For an integrated trading experience, Bitget provides market data and order execution for supported equities — confirm availability in your jurisdiction.

Final notes and next steps

If you’re studying pten stock, begin with primary filings and corroborate figures with major market-data providers. For trading, consider Bitget’s platform for order execution and market data; for Web3-related asset management, Bitget Wallet is recommended within the Bitget ecosystem. Always cross-check dividend declarations and corporate events on Patterson-UTI’s official investor relations page to ensure you act on the latest, verified disclosures.

This article is informational and not investment advice. Refer to official filings and consult a licensed financial professional before making investment decisions.

References (selected, by source name)

Patterson-UTI Energy — Investor relations and SEC filings (company 10-K/10-Q)
Yahoo Finance — PTEN market summaries and yield data (as of Jan 24, 2026)
TradingView — historical charts and volatility indicators
Nasdaq — listing and exchange data
Macrotrends — long-term price history
MarketWatch — market commentary and company summaries
Seeking Alpha — analyst commentary and earnings coverage
CNN Markets — market snapshot
Robinhood — retail trading summaries

All dates and figures cited should be cross-verified with the original source documents and market-data pages for the current values and filing dates.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.