Patterson-UTI Energy, Inc. (NASDAQ) is currently rated as a “Moderate Buy” by twelve ratings firms. Of these, three analysts have given a hold recommendation, eight have recommended buying, and one has issued a strong buy recommendation.
At the heart of Patterson-UTI’s strategy lies an unwavering commitment to innovation. The introduction of natural gas and electric frac fleets represents a leap forward in operational efficiency and profitability.
Patterson-UTI Energy Inc., a Texas company with drilling rigs located throughout Oklahoma, announced it has acquired Fort Worth-based Ulterra Drilling Technologies LP in a nearly $780 million deal. It is a move that will give Patterson a more global reach.
Patterson-UTI Energy Inc. agreed to acquire NexTier Oilfield Solutions Inc. in an all-stock deal worth $1.9 billion that forms one of the shale sector’s biggest providers of drilling and fracking services.
Patterson-UTI Energy, Inc. has close to 140 active rigs in the US. Patterson-UTI Energy, Inc. has had 99 active rigs in the US in 2023.
