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Regional settings| Spread | 0.07 | ||||
 Long position overnight feeLong position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | -0.026179% | ||||
| Short position overnight fee Short position overnight fee
Trade size with leverage ~ $5,000.00 Short position overnight fee ~ $4,000.00 | 0.003957% | ||||
| Overnight fee time | 21:00 (UTC) | ||||
| Currency | USD | ||||
| Min traded quantity | 1 | ||||
| Margin | 20 | ||||
| Stock exchange | United States of America | ||||
| Commission on trade1 | 0% |
1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information
| Prev. Close | 11.23 |
| Open | 11.01 |
| 1-Year Change | -0.99% |
| Day's Range | 10.75 - 11.02 |
Patterson-UTI Energy, Inc. is an oilfield services company. The Company primarily owns and operates land-based drilling rigs in the United States and a fleet of pressure pumping equipment. The Company operates through three business segments: contract drilling services, pressure pumping services, and directional drilling services. The contract drilling services segment consists of approximately 210 marketed land-based drilling rigs. The pressure pumping services segment offers pressure pumping services to oil and natural gas operators, primarily in Texas and the Appalachian region. The Company also provides cementing services through the pressure pumping segment. The directional drilling services segment includes directional drilling, measurement-while-drilling and supply and rental of downhole performance motors and wireline steering tools. It also provides services that improve the statistical accuracy of horizontal wellbore placement.
BRIEF: For the fiscal year ended 31 December 2021, Patterson-UTI Energy, Inc. revenues increased 21% to $1.36B. Net loss before extraordinary items decreased 18% to $657.1M. Revenues reflect Pressure Pumping segment increase of 56% to $523.8M, Directional Drilling segment increase of 52% to $111.5M. Lower net loss reflects Impairment of goodwill decrease from $395.1M (expense) to $0K.
Common Stock $.01 Par, 3/11, 300M auth., 181,576,189 issd., less 27,344,694 shs. in Treas. @ $620.5M. Insiders control 1.09%. 5/8/01, Company formed through a pooling-of-interests between Patterson Energy and UTI Energy. Basis: 1-for-1. 7/04, 2-for-1 stock split.
