Patterson-UTI Energy, Inc. $PTEN Shares Acquired by GSA Capital Partners LLP
GSA Capital Partners LLP significantly increased its stake in Patterson-UTI Energy (NASDAQ:PTEN) in Q4, with other hedge funds also boosting their holdings, leading to institutional investors owning 97.91% of the stock. Analysts have become more positive about PTEN, raising price targets and assigning a "Moderate Buy" consensus. The company beat earnings expectations, reported strong revenue, and declared a $0.10 quarterly dividend, even as some insiders, including the CEO, sold shares.
Patterson-UTI Energy Inc (PTEN) Stock Down 3.5% but Still Overva
Patterson-UTI Energy Inc (PTEN) shares dropped 3.5% to $12.27, yet GuruFocus assesses the stock as "Significantly Overvalued" with a GF Value™ of $8.01. The company's GF Score™ is 54/100, indicating average performance with weak growth prospects (2/10) and a significantly high P/E ratio of 782.2x compared to its historical median. Further concern arises from insiders selling $9.5 million worth of shares in the last three months, suggesting a lack of confidence in its future.
Patterson-UTI Energy completes $500 million senior notes offering
Patterson-UTI Energy (NASDAQ:PTEN) has successfully completed a $500 million offering of 6.050% senior notes due 2036. The proceeds will be used to redeem existing 3.95% senior notes due 2028 and for general corporate purposes. This debt refinancing comes as the company's stock has seen significant growth, and InvestingPro analysis suggests it is currently undervalued.
Patterson-UTI Energy Prices $500 Million 6.05% Senior Notes Due 2036 to Refinance 2028 Debt
Patterson-UTI Energy has issued $500 million in 6.050% Senior Notes due 2036 to refinance its outstanding 3.95% Senior Notes due 2028 and for general corporate purposes. The new notes will pay interest semi-annually and mature on May 15, 2036, improving the company's debt maturity profile. This action was formalized through a supplemental indenture with U.S. Bank Trust Company.
Patterson-UTI Energy completes $500 million senior notes offering
Patterson-UTI Energy, Inc. announced the completion of a $500 million offering of 6.050% senior notes due 2036. The company plans to use the net proceeds to redeem existing 3.95% senior notes due 2028 and for general corporate purposes. This debt refinancing comes as the company's stock has performed strongly, and it recently surpassed earnings and revenue expectations for Q1 2026.
Patterson-UTI completes $500 million senior notes offering
Patterson-UTI Energy, Inc. has successfully completed a $500 million offering of 6.050% senior unsecured notes due 2036. The proceeds from this offering will primarily be used to redeem outstanding 3.95% senior notes due 2028, effectively extending the company's debt maturity profile and providing greater financial flexibility. TipRanks' AI Analyst, Spark, assesses PTEN as Neutral, citing mixed fundamentals like strong cash flow and moderate leverage against current losses, though technicals are positive.
Patterson-UTI Energy (PTEN) sells $500M 6.050% senior notes due 2036
Patterson-UTI Energy, Inc. has successfully completed an offering of $500 million in 6.050% Senior Notes due 2036. The company plans to use the net proceeds to redeem its existing 3.95% Senior Notes due 2028 and for general corporate purposes. These new notes are senior unsecured obligations, ranking equally with other senior unsecured debt, and will mature on May 15, 2036, paying interest semi-annually.
Patterson-UTI Energy, Inc. Stock 12‑Month Price Target Raised to $12.32, Implies 1% Downside
Patterson-UTI Energy, Inc.'s average 12-month price target has increased to $12.32 from $12.21, with analyst forecasts ranging from $8 to $16 per share. This new target suggests a marginal 1% potential downside based on its May 15 closing price. The stock maintains a "Buy" consensus rating from 17 analysts, comprising 8 Buys, 7 Holds, and 2 Sells.
Patterson-UTI Energy stock hits 52-week high at 12.62 USD
Patterson-UTI Energy (PTEN) stock reached a 52-week high of $12.62, showcasing significant growth with a 1-year total return of 114.58%. The company has consistently paid dividends for 23 consecutive years, offering a 3.22% yield. Recent strong Q1 2026 financial results, beating earnings and revenue expectations, and positive analyst ratings from Raymond James and Stifel, further underscore its robust performance and positive market sentiment.
Patterson-UTI Energy, Inc. $PTEN Shares Bought by Tejara Capital Ltd
Tejara Capital Ltd significantly increased its stake in Patterson-UTI Energy (NASDAQ:PTEN) during the fourth quarter, purchasing an additional 335,500 shares. This move aligns with a generally positive outlook from Wall Street analysts, despite recent stock sales by company insiders including the CEO and a director. Patterson-UTI Energy also reported better-than-expected quarterly earnings and declared a quarterly dividend.
Patterson-UTI Energy, Inc. Stock 12‑Month Price Target Raised to $12.21, Implies 1% Upside
Patterson-UTI Energy, Inc. (PTEN) has seen its average 12-month stock price target raised to $12.21 by 14 analysts, up from $12.07, with forecasts ranging from $8 to $16 per share. This new target suggests a 1% potential upside from its May 14 closing price. The consensus rating for PTEN remains "Buy" among 17 covering analysts, with a breakdown of 8 Buys, 7 Holds, and 2 Sells.
Patterson-UTI Energy stock (US7034811015): Price down 2.95% on July 25
Patterson-UTI Energy (PTEN) shares dropped 2.95% to $5.92 on July 25, 2025, continuing a short-term downtrend with a 9.62% decline over the past 10 days. The company, a key player in US oilfield services, provides drilling, completions, and production services primarily in North America. Despite recent price drops, analyst consensus price targets suggest potential upside from July 2025 levels.
Patterson-UTI Energy Company Profile & Introduction
This document provides a company profile and introduction to Patterson-UTI Energy (PTEN). It details the company's background, operations, and market position within the energy sector. The profile serves as a foundational overview for understanding PTEN's business.
Patterson-UTI Energy Independent Vice Chairman of the Board Robert Drummond Sells 26% Of Holding
Robert Drummond, the Independent Vice Chairman of the Board at Patterson-UTI Energy, recently sold shares worth US$4.6 million at an average price of US$12.04, reducing his holding by 26%. This was the largest insider sale within the last year, suggesting insiders might consider the shares fully valued, although it's not a definitive indicator. Despite the selling activity, the company maintains a good level of insider ownership at 2.3%.
[Form 4] PATTERSON UTI ENERGY INC Insider Trading Activity
Patterson-UTI Energy executive Seth David Wexler, EVP, General Counsel & Secretary, reported a tax-related disposition of 10,363 shares of Common Stock at $11.42 per share on May 9, 2026. This transaction was to cover withholding taxes on Restricted Stock Units that converted into Common Stock. After this disposition, Wexler directly holds 524,582 shares of Patterson-UTI Energy common stock.
Patterson-UTI (PTEN) EVP uses 12,096 shares to pay RSU taxes
Kenneth N. Berns, EVP of Patterson-UTI, disposed of 12,096 shares of common stock at $11.42 per share to cover withholding taxes on Restricted Stock Units that vested on May 9, 2026. This transaction was an administrative tax settlement related to RSU vesting and not an open-market sale. After the transaction, Berns directly held 1,043,987 shares, with an additional 34,000 shares held indirectly through trusts.
Patterson-UTI (NASDAQ: PTEN) CEO shares withheld to cover RSU taxes
Patterson-UTI Energy Inc. CEO William Andrew Hendricks Jr. reported a tax-related disposition of 48,952 common stock shares on May 9, 2026. These shares, valued at $11.42 each, were withheld to cover taxes on Restricted Stock Units (RSUs) that converted into common stock. Following this transaction, Hendricks directly holds 2,742,474 shares of Patterson-UTI common stock.
Patterson-UTI Energy (PTEN) CFO uses 13,016 shares to cover RSU tax
Patterson-UTI Energy's Executive Vice President and Chief Financial Officer, Charles Andrew Smith, disposed of 13,016 shares of common stock on May 9, 2026. This transaction was for the purpose of covering withholding taxes on restricted stock units (RSUs) that converted into common stock, priced at $11.42 per share. Following this tax-related disposition, Smith directly holds 713,439 shares of Patterson-UTI Energy common stock.
Best US Energy Services Stocks: Analysts See the Best Sector Setup in 20 Years
Barclays has upgraded its view on the U.S. energy services sector to Positive, projecting 9-10% upstream spending growth in 2027 and double-digit growth in 2028, largely due to structural shifts in global oil markets creating higher prices. This outlook is considered the "best setup for services in 20 years." The firm identified and upgraded several energy services stocks, including Halliburton, Patterson-UTI Energy, Propetro Holding Corp, Nabors Industries Ltd, and offshore drillers like Transocean, Noble Corporation, and Seadrill, expecting them to benefit from increased activity and improved pricing.
Assessing Patterson‑UTI Energy (PTEN) Valuation After A Strong Year Of Share Price Gains
Patterson-UTI Energy (PTEN) has seen a significant share price increase of 76% year-to-date and 106% over the past year. Despite this strong performance, Simply Wall St's valuation model suggests the stock is overvalued at $8.84 compared to its current trading price of $11.41. However, the company's P/S ratio of 0.9x is below the industry average of 1.5x, presenting a potential opportunity if revenues and margins meet optimistic expectations.
PTEN6387710 Bond Analysis — Key Metrics
This article provides key metrics and an overview of the PTEN6387710 bond issued by Patterson-UTI Energy, Inc. It details the bond's coupon rate (6.05%), issue and maturity dates, face value, and minimum denomination. The company profile highlights its operations in drilling services, completion services, and drilling products.
Patterson UTI Debt Recast Highlights Valuation Gap And Earnings Risks
Patterson-UTI Energy has issued $500 million in senior notes due 2036 to redeem existing notes due 2028, significantly altering its debt maturity profile. Trading at $11.41, the stock has seen substantial gains over the past year. Simply Wall St indicates the shares are undervalued by approximately 67.8% compared to analyst targets, but key considerations include negative earnings and dividend coverage issues for income investors.
PTEN SEC Filings - Patterson-Uti Energy Inc 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Patterson-UTI Energy (PTEN) SEC filings, including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms. It highlights recent filings such as Vanguard Capital Management's ownership reports, Q1 2026 results showing softer revenue and a net loss, the extension of a $450M revolving credit line, and a proxy asking investors to approve an increase in the Long-Term Incentive Plan shares. The platform offers AI-powered summaries and impact analysis for each document.
Vanguard Group Inc. Decreases Position in Patterson-UTI Energy, Inc. $PTEN
Vanguard Group Inc. decreased its stake in Patterson-UTI Energy (NASDAQ:PTEN) by 1.4% in the fourth quarter, selling 581,590 shares, but still holds 42.2 million shares valued at $257.9 million, representing 11.13% of the company. Despite the reduction, other institutional investors increased their positions, and analyst sentiment remains positive with a recent upgrade from Barclays to "overweight" and a $15 price target. Patterson-UTI reported better-than-expected earnings, posting an EPS of -$0.06 against an estimated -$0.10, and announced a quarterly dividend of $0.10 per share.
Principal Financial Group Inc. Has $52.03 Million Stake in Patterson-UTI Energy, Inc. $PTEN
Principal Financial Group Inc. significantly increased its stake in Patterson-UTI Energy, Inc. by 92.6% in the fourth quarter, bringing its total holdings to 8.52 million shares valued at $52.03 million. This increase aligns with positive analyst sentiment, including Zacks raising earnings estimates and Barclays upgrading PTEN to overweight. However, recent insider selling by directors, totaling over 808,000 shares in the last 90 days, presents a potential counter-indicator for investor confidence.
PTEN SEC Filings - Patterson-Uti Energy Inc 10-K, 10-Q, 8-K Forms
This article provides a compilation of recent SEC filings for Patterson-UTI Energy Inc. (PTEN), including 10-K annual reports, 10-Q quarterly reports, and 8-K current reports. Key filings cover the company's 2025 performance, 2026 capital expenditure plans, Q4 and full-year 2025 financial results, Q3 2025 earnings, and board changes. Each filing summary offers insights into recent operational and financial developments, market conditions, and governance matters
PTEN6387710 Bond Coupon Analysis — Rate & Payments
This article provides an analysis of the PTEN6387710 bond, issued by Patterson-UTI Energy, Inc. It highlights the bond's current coupon rate of 6.05% and indicates that the next interest payment is scheduled for November 16, 2026. The article encourages users to unlock full data for more detailed coupon insights.
PTEN6387710 Bond Risk Analysis
This article provides an analysis of the PTEN6387710 bond issued by Patterson-UTI Energy, Inc., detailing its 6.05% coupon rate and maturity date of May 15, 2036. It highlights the importance of credit risk assessment and access to analyst ratings for evaluating the bond's reliability and making informed investment decisions.
Patterson-UTI Energy director Jaime Cesar sells $122,899 in stock
Patterson-UTI Energy director Jaime Cesar sold 10,000 shares of the company's common stock for $122,899, at a price of $12.29 per share. This transaction occurred after the stock's significant 106% return over the past year, though it has since seen a pullback. Despite the sale, Mr. Cesar still directly owns 77,462 shares, and the stock is considered undervalued according to InvestingPro's Fair Value analysis.
PTEN6387710 Bond Price and Chart — FINRA:PTEN6387710
This article provides details on the PTEN6387710 bond issued by Patterson-UTI Energy, Inc. The bond has a 6.05% fixed coupon and matures on May 15, 2036. It includes key terms such as the outstanding amount, face value, minimum denomination, coupon frequency, and a description of Patterson-UTI Energy, Inc.'s business operations in drilling and completion services.
Zacks Research Issues Optimistic Outlook for PTEN Earnings
Zacks Research has updated its earnings per share estimates for Patterson-UTI Energy (PTEN), raising its Q2 2026 EPS forecast to ($0.08) from ($0.09) and affirming a "Strong-Buy" rating. This update comes after several analysts boosted their price targets for PTEN, contributing to a "Moderate Buy" consensus rating and an average price target of $11.80. The company recently surpassed Q1 earnings estimates, reported $1.12 billion in revenue, and announced a $0.10 quarterly dividend, despite significant insider selling from its CEO.
Patterson-UTI Energy (PTEN) CEO withholds shares to cover tax bill
Patterson-UTI Energy (PTEN) CEO William Andrew Hendricks Jr. reported a tax-related share disposition. On May 5, 2026, 31,677 shares of Common Stock were withheld at $12.29 per share to cover taxes on Restricted Stock Units that converted into Common Stock. Following this transaction, he directly holds 2,791,426 shares, indicating this was a tax event rather than an open-market sale.
Patterson-UTI (PTEN) Reports April Drilling Rig Activity
Patterson-UTI Energy Inc. (PTEN) announced it operated an average of 88 drilling rigs in the U.S. during April, reflecting its market activity in the drilling sector. While the company has a moderate GF Score™ of 67/100 and strengths in financial stability, it faces challenges in growth and is considered significantly overvalued. Insider selling of $12.6 million over the past three months suggests caution for investors.
Insider Sell: Cesar Jaime Sells 10,000 Shares of Patterson-UTI Energy Inc (PTEN)
Cesar Jaime, a Director at Patterson-UTI Energy Inc (PTEN), sold 10,000 shares of the company on May 5, 2026. This transaction brings his total ownership to 77,462 shares, with no insider buys recorded over the past year against nine insider sells. The stock is considered significantly overvalued at $12.29 with a GF Value of $8.02.
Insider Selling: Patterson-UTI Energy (NASDAQ:PTEN) Director Sells 10,000 Shares of Stock
Patterson-UTI Energy (NASDAQ:PTEN) Director Cesar Jaime sold 10,000 shares of the company's stock on May 5th at an average price of $12.29, totaling $122,900. This sale reduced his stake by 11.43%. Despite the insider selling, PTEN beat Q1 earnings expectations, reporting ($0.06) EPS against a ($0.10) consensus, and announced a quarterly dividend of $0.10, yielding 3.5%.
Patterson-UTI (NASDAQ: PTEN) EVP surrenders 8,185 shares for tax withholding
Patterson-UTI Energy Inc.'s EVP and General Counsel, Seth David Wexler, disposed of 8,185 common shares on May 5, 2026. This transaction, valued at $12.29 per share, was for tax withholding related to Restricted Stock Units converting into common stock. Wexler now directly holds 534,945 shares of PTEN.
[Form 4] PATTERSON UTI ENERGY INC Insider Trading Activity
Patterson-UTI Energy Inc. (PTEN) Director Jaime Cesar sold 10,000 shares of common stock at $12.29 per share on May 5, 2026, totaling $122,900. After this transaction, Cesar directly holds 77,462 shares. The sale is considered a moderate negative filing impact by Rhea-AI, indicating a straightforward liquidity event.
Patterson-UTI Energy director Jaime Cesar sells $122,899 in stock
Patterson-UTI Energy director Jaime Cesar sold 10,000 shares of company stock for $122,899 on May 5, 2026, reducing his direct ownership to 77,462 shares. This transaction follows a 106% stock return over the past year and recent positive first-quarter earnings for 2026, which surpassed analyst expectations. Analysts have maintained positive ratings, citing an improved outlook for the U.S. land drilling sector.
Patterson-UTI Energy (PTEN) CFO uses 11,943 shares to cover taxes
Patterson-UTI Energy's CFO, Charles Andrew Smith, disposed of 11,943 common shares on May 5, 2026, to cover tax withholdings related to Restricted Stock Units that converted into common stock. The shares were valued at $12.29 each for this transaction, which was not an open-market sale. Following this disposition, Smith directly holds 726,455 shares of Patterson-UTI Energy common stock.
Patterson-UTI (PTEN) sells $500M 6.05% senior notes due 2036 to refinance 2028 paper
Patterson-UTI Energy, Inc. is offering $500 million in 6.050% Senior Notes due May 15, 2036. The company expects to use the approximately $494.2 million net proceeds to redeem its outstanding 3.95% Senior Notes due 2028 and for general corporate purposes. The new notes are unsecured senior obligations, but risks include structural subordination to subsidiary liabilities, absence of an established trading market, and potential impacts from credit rating changes or insufficient cash flows.
Patterson-UTI Energy (NASDAQ:PTEN) Upgraded to "Overweight" at Barclays
Barclays upgraded Patterson-UTI Energy (NASDAQ:PTEN) to "Overweight" from "Equal Weight" with a $15.00 price target, suggesting a potential upside of 29.53%. This upgrade follows the company's Q1 earnings report where it beat EPS estimates and nearly met revenue expectations. Despite recent insider selling, institutional ownership in PTEN remains high at nearly 98%, and the consensus analyst rating is a "Moderate Buy" with an average price target of $11.80.
Patterson-UTI reports 88 drilling rigs operating in April
Patterson-UTI Energy Inc. reported that it operated an average of 88 drilling rigs in the United States during April, a figure representing rigs earning revenue under drilling contracts. The company's shares have surged 121% over the past year, and it recently surpassed Q1 2026 earnings and revenue expectations. Analysts at Raymond James and Stifel have maintained or upgraded their outlooks for the company, citing factors like increased U.S. drilling activities and geopolitical events.
Patterson-UTI had 88 U.S. drilling rigs under contract in April
Patterson-UTI (NASDAQ:PTEN) reported an average of 88 drilling rigs operating in the United States during April 2026, earning revenue under U.S. drilling contracts. The company emphasized that rig counts alone are not definitive indicators of financial performance but will continue to provide monthly updates. This operational update follows a series of similar disclosures, with investors monitoring rig counts alongside financial results and other market activities.
Latham Advises on Patterson-UTI Energy’s US$500 Million Senior Notes Offering
Latham & Watkins LLP advised the underwriters in Patterson-UTI Energy, Inc.'s registered public offering of US$500 million aggregate principal amount of 6.050% Senior Notes due 2036. The transaction involved a corporate deal team led by Houston partners Ryan Lynch and Ryan Maierson, with additional advice on tax and environmental matters.
Patterson-UTI Energy (PTEN) price target increased by 22.95% to 11.77
Patterson-UTI Energy (PTEN) has seen its price target increased by 22.95% to 11.77. This adjustment reflects analyst expectations for the company's future performance.
Patterson-UTI Energy (NASDAQ:PTEN) Shares Gap Down - Should You Sell?
Patterson-UTI Energy (PTEN) shares gapped down by about 6.7% on Wednesday, opening at $11.55 against a prior close of $12.41, despite several recent analyst target upgrades. While Q1 results slightly beat revenue and EPS estimates, the company remains unprofitable with a 12.7% year-over-year revenue decline. Significant insider selling, amounting to nearly $9.26 million in the last quarter, raises concerns, even though institutional ownership remains high.
Patterson-UTI (NASDAQ: PTEN) to redeem $482.5M 2028 notes with new 2036 debt
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) is issuing $500 million in 6.050% Senior Notes due 2036 to primarily redeem approximately $482.5 million of its 3.95% Senior Notes due 2028. This refinancing move extends the company's debt maturity profile and uses available cash and its revolving credit facility for the redemption. The transaction is expected to close on May 19, 2026, with the redemption of the 2028 notes contingent upon the completion of this new debt offering by June 4, 2026.
Patterson-UTI Announces Senior Notes Offering and Redemption Plan
Patterson-UTI Energy, Inc. has announced a plan to issue $500 million in 6.050% Senior Notes due 2036. The company intends to use the proceeds, along with existing cash and credit, to redeem its outstanding 3.95% Senior Notes due 2028, effectively refinancing its near-term debt. This move is contingent on the successful completion of the new senior debt offering.
Patterson-UTI Energy Inc. Announces $500 Million Senior Notes Offering – SEC Filing Details and Underwriter Information
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) announced an offering of $500 million in 6.050% Senior Notes due 2036, as detailed in its latest SEC 8-K filing. The offering is underwritten by a syndicate led by Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, and Scotia Capital (USA) Inc. The proceeds will be used for purposes specified in the Pricing Prospectus, and the company has affirmed compliance with legal and regulatory requirements, including effective internal controls.
UBS Group AG Acquires 4,558,445 Shares of Patterson-UTI Energy, Inc. $PTEN
UBS Group AG significantly increased its stake in Patterson-UTI Energy, Inc. by 121.2% in the fourth quarter, acquiring an additional 4,558,445 shares to own 8,320,544 shares valued at $50.84 million. This move comes amid mixed analyst ratings, with a consensus "Hold" but several firms raising price targets and ratings. Insider activity shows significant selling by executives, while Patterson-UTI Energy recently announced a quarterly dividend.
