Patterson-UTI Energy Inc
NASDAQ:PTEN
During the last 3 months Patterson-UTI Energy Inc insiders bought 197k USD , and sold 2.4m USD worth of shares. The stock price has dropped by 26% over this period (open performance analysis).
The last transaction was made on
Mar 12, 2025
by
Hendricks William Andrew Jr
(Chairman and Chief Executive Officer)
, who
bought
197k USD
worth of PTEN shares.
During the last 3 months Patterson-UTI Energy Inc insiders bought 197k USD , and sold 2.4m USD worth of shares. The stock price has dropped by 26% over this period (open performance analysis).
The last transaction was made on
Mar 12, 2025
by
Hendricks William Andrew Jr
(Chairman and Chief Executive Officer)
, who
bought
197k USD
worth of PTEN shares.
Patterson-UTI Energy Inc
Glance View
Patterson-UTI Energy Inc. stands as a formidable player in the energy sector, weaving its narrative through the vast landscape of oilfield services. Headquartered in Houston, Texas, the company has carved out a significant niche in the drilling and pressure pumping markets. At the core of its operations lies a robust fleet of high-spec drilling rigs, designed to tackle the complexities of modern energy extraction. Through its contract drilling segment, Patterson-UTI deploys these rigs across key basins in the United States, providing essential services that enable oil and natural gas companies to efficiently extract resources. This strategic focus on technologically advanced and performance-driven rig operations serves as a primary revenue source, making the company an indispensable partner in the upstream sector. Beyond drilling, Patterson-UTI leverages its expertise in pressure pumping services, which are critical in the hydraulic fracturing process, a method used extensively to enhance oil and gas recovery from challenging reservoirs. By offering integrated solutions that encompass both drilling and completion services, the company strives to maximize operational efficiency and deliver value to its clients. Furthermore, Patterson-UTI extends its prowess in the energy sector through strategic acquisitions and investments, constantly adapting to the shifting dynamics of the industry. Its business model is thereby firmly grounded in providing essential services that align with the evolving needs of energy producers, ultimately driving its financial performance and sustaining its competitive edge.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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