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PattersonUTI Energy (PTEN)

(Delayed Data from NSDQ)

$8.04 USD

8.04
6,471,364

-0.22 (-2.66%)

Updated Nov 15, 2024 04:00 PM ET

After-Market: $8.05 +0.01 (0.12%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

Zacks Rank Education - Learn about the Zacks Rank

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

A Value B Growth F Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 8% (231 out of 250)

Industry: Oil and Gas - Drilling

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Zacks News

Eni (E) and Snam Finalize Deal for Algeria-Italy Gas Pipelines

by Zacks Equity Research

Per the deal, Snam will pay 405 million euros to Eni (E) for the acquisition.

Devon's (DVN) Q4 Production Down 2% Due to Severe Weather

by Zacks Equity Research

Devon Energy's (DVN) fourth-quarter production volumes are anticipated to be down due to extreme weather conditions. DVN's strong production assets will assist in recouping the drop in volumes.

Patterson-UTI (PTEN) Is Up 0.24% in One Week: What You Should Know

by Zacks Equity Research

Does Patterson-UTI (PTEN) have what it takes to be a top stock pick for momentum investors? Let's find out.

Targa (TRGP) to Purchase Grand Prix Pipeline Stake for $1B

by Zacks Equity Research

The Blackstone pact will help to simplify Targa Resources' (TRGP) operations and, at the same time, augment its fee-based cash flow stream.

Patterson-UTI's (PTEN) Q4 Earnings Update: Points to Note

by Zacks Equity Research

Patterson-UTI Energy (PTEN) said that its key contract drilling unit benefited from higher daily average rig revenues as contracts were renewed at prices that were more than expected.

Patterson-UTI (PTEN) Just Flashed Golden Cross Signal: Do You Buy?

by Zacks Equity Research

Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?

Wall Street Analysts Think Patterson-UTI (PTEN) Could Surge 39.88%: Read This Before Placing a Bet

by Zacks Equity Research

The consensus price target hints at a 39.9% upside potential for Patterson-UTI (PTEN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Baker Hughes (BKR) to Supply Advanced Equipment for CCS Project

by Zacks Equity Research

Baker Hughes (BKR) will supply turbo-compression equipment to the Kasawari CCS project, which is expected to be one of the world's largest offshore CCS projects.

Here's What to Expect From Petrobras' (PBR) Incoming CEO

by Zacks Equity Research

The new CEO of Petrobras (PBR) stresses the need to invest in the energy transition.

Chevron (CVX), Hyzon to Invest in Renewable Fuels Company

by Zacks Equity Research

For Chevron (CVX), the investment is another pointer to its growing commitment toward renewable and greener energy.

Sejuti Banerjea headshot

4 Stocks to Benefit from the Intensifying Global Energy Crisis

by Sejuti Banerjea

The global energy crisis has been several years in the making, and it will be years before the energy crunch normalizes.

Are Oils-Energy Stocks Lagging Phillips 66 (PSX) This Year?

by Zacks Equity Research

Here is how Phillips 66 (PSX) and Patterson-UTI (PTEN) have performed compared to their sector so far this year.

Eni (E) Makes Gas Discovery at Lupa Well in Barents Sea

by Zacks Equity Research

The discovery is the largest on the Norwegian Continental Shelf this year and bolsters Eni's (E) expansion strategies in the area.

Eni (E) to Put a Second FLNG Unit in Congo to Boost Production

by Zacks Equity Research

Eni (E) signs an agreement with Wison Heavy Industry to construct and install an FLNG unit with a capacity of 2.4 MTPA.

Why Oceaneering International (OII) Must be in Your Portfolio

by Zacks Equity Research

Analysts are raising their earnings projections, share performance has been rock-solid, and Oceaneering International (OII) has strong growth prospects.

Shell (SHEL), Eneco to Build 760MW Dutch Offshore Wind Farm

by Zacks Equity Research

Shell's (SHEL) joint venture with Eneco receives the permit to build a wind farm offshore the Netherlands.

Here's Why Hold Strategy is Apt for Kinder Morgan (KMI) Now

by Zacks Equity Research

Kinder Morgan (KMI) expects higher adjusted core earnings for 2023 as it banks on the higher demand for transporting crude oil, gas liquids and carbon dioxide.

Why Murphy USA (MUSA) is a Go-To-Stock in the Energy Sector

by Zacks Equity Research

Analysts are raising their earnings projections, share performance has been rock-solid, and Murphy USA (MUSA) has strong growth prospects.

Zacks Industry Outlook Highlights Helmerich & Payne, Patterson-UTI Energy and Precision Drilling

by Zacks Equity Research

Helmerich & Payne, Patterson-UTI Energy and Precision Drilling have been highlighted in this Industry Outlook article.

Nilanjan Choudhury headshot

3 Good Buying Opportunities in the Oil & Gas Drilling Industry

by Nilanjan Choudhury

The ever-improving fundamentals in the Zacks Oil and Gas - Drilling industry amid a robust commodity price environment has provided enough growth tailwinds for operators like HP, PTEN and PDS.

Chevron (CVX), Partners Approve Israel's Tamar Field Expansion

by Zacks Equity Research

Chevron (CVX) and its partners in the Tamar gas field expansion are likely to invest $673 million to boost production to meet the rising demand in the region.

Phillips 66 (PSX) Unveils $2B Capital Spending Program for 2023

by Zacks Equity Research

Phillips 66 (PSX) will invest $1.1 billion in growth projects, 50% of which will be allocated to low-carbon opportunities.

Williams (WMB) Executes Contracts for Low-Emission Next-Gen Gas

by Zacks Equity Research

Williams (WMB) implements agreements that are likely to lead to the establishment of the industry's first next-generation natural gas certification process across all the segments of the value chain.

ExxonMobil (XOM) Announces $50B Share Buyback, Ups 2023 Capex

by Zacks Equity Research

ExxonMobil's (XOM) corporate plan is expected to double earnings and cash flow potential by 2027 compared with 2019 levels.

Is Phillips 66 (PSX) Stock Outpacing Its Oils-Energy Peers This Year?

by Zacks Equity Research

Here is how Phillips 66 (PSX) and Patterson-UTI (PTEN) have performed compared to their sector so far this year.