William Andrew Jr Hendricks

PTEN CEO Hendricks sold 200,000 shares at $11.64; stock now $11.59. Company posted annual -10.2% revenue decline, $-24.6M net loss in latest quarter.

William Andrew Jr Hendricks, President & CEO of Patterson UTI Energy, sold 200,000 shares (200.0K shares) on 2026-06-05 at $11.64, reducing his holdings from 2,742,474 shares to 2,542,474 shares—a -7.3% reduction in his position. The sale is contemporaneous with deteriorating company fundamentals: annual revenue declined -10.2% year-over-year, the company recorded $-24,627,000.00 in net loss for the latest quarter, and remains unprofitable on a full-year basis with a $4.4B market cap. His prior SAME-TICKER HISTORY shows 2 prior sales at this ticker with a 0% well-timed rate (neither preceded subsequent declines), and his most recent sale at PTEN on 2026-05-01 saw the stock gain 0.4% over 90 days, indicating a pattern of sell decisions that do not precede price deterioration. The sale occurs with the stock near the lower end of its 52-week range ($5.10–$13.08), trading 11.4% below the 52-week high, while maintaining an 18.0% 90-day gain. This combination—a CEO sell during corporate underperformance and unprofitability, alongside no demonstrated timing skill in prior similar decisions at this ticker—merits investor attention to the underlying operational trajectory.

PTEN CEO sells $2.96M in shares as stock recovers from lows; company posts losses.

William Andrew Hendricks Jr., Patterson UTI Energy's President and CEO, executed a substantial sale of roughly a quarter-million shares worth nearly $3M, reducing his stake by over 8%. The timing is notable: the stock has recovered sharply from its lows and is now trading modestly below its recent highs, making this a disciplined take-profit rather than a panic exit. However, the move occurs against a backdrop of fundamental headwinds—the company is unprofitable with declining annual revenue and continued quarterly losses—which raises the question of whether the CEO sees limited upside at current valuations or is simply rebalancing after the recent bounce. The sale itself isn't necessarily bearish (insiders have every right to diversify), but paired with deteriorating earnings and a stock price that's rebounded significantly, it suggests caution at these levels rather than conviction in a turnaround.

PTEN CEO William Andrew Hendricks Jr. bought 25,000 shares at $7.88 on 2025-03-12, adding to 2.48M share holdings

Hendricks purchased 25,000 shares at $7.88, a disciplined addition to an already substantial 2.48M share position. The purchase occurred when PTEN traded well below its 52-week high of $12.52, with the stock down 39.2% from peak and off 17.6% over the preceding 30 days, creating a lower entry point. However, the broader context tempers interpretation: PTEN was unprofitable in its most recent full fiscal year with net income of $-978.8M against $1.4B in quarterly revenue, and the stock has continued declining since the transaction to $7.61 (current price), down an additional 3.4% from the $7.88 purchase price. While Hendricks' prior sell transactions at PTEN showed strong 90-day timing (2 of 2 were well-timed at the 90-day mark), this buy occurs amid deteriorating fundamentals and momentum, making it difficult to characterize as a clear signal of conviction versus routine portfolio management by a long-tenured CEO maintaining a large stake.