Lisanti Capital Acquires New Stake in Patterson-UTI Energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy PTEN?
Source: Fool
- New Investment Disclosure: On May 6, 2026, Lisanti Capital Growth disclosed a new position by acquiring 896,470 shares of Patterson-UTI Energy, valued at approximately $7.67 million, indicating confidence in the company's growth potential.
- Ownership Proportion Analysis: This acquisition represents 2.45% of Lisanti Capital's reportable assets, reflecting a strategic positioning in the energy sector, particularly as the oilfield services cycle appears to have room for growth.
- Stock Performance: As of May 6, 2026, Patterson-UTI Energy shares were priced at $11.58, up about 120% over the past year, significantly outperforming the S&P 500 by approximately 90 percentage points, showcasing market optimism regarding its business outlook.
- Financial Overview: Patterson-UTI Energy reported first-quarter revenue of $1.1 billion and adjusted EBITDA of $205 million, and although it posted a net loss of around $25 million, management expects performance to improve with rising commodity prices and stronger customer demand.
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Analyst Views on PTEN
Wall Street analysts forecast PTEN stock price to fall
9 Analyst Rating
4 Buy
4 Hold
1 Sell
Moderate Buy
Current: 11.410
Low
6.00
Averages
7.22
High
9.00
Current: 11.410
Low
6.00
Averages
7.22
High
9.00
About PTEN
Patterson-UTI Energy, Inc. is a provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services. Its Drilling Services segment provides a comprehensive suite of directional drilling services in major producing onshore oil and natural gas basins in the United States, and it provides services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. Its Completion Services segment consists of a well completion business consists of services for hydraulic fracturing, wireline and pumping, completion support, and cementing. Its Drilling Products segment engages in the manufacturing and distribution of drill bits throughout North America. The Company's drilling equipment is used in oil and natural gas exploration and production and in mining operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lisanti Capital Acquires New Stake in Patterson-UTI Energy
- New Investment Disclosure: On May 6, 2026, Lisanti Capital Growth disclosed a new position by acquiring 896,470 shares of Patterson-UTI Energy, valued at approximately $7.67 million, indicating confidence in the company's growth potential.
- Ownership Proportion Analysis: This acquisition represents 2.45% of Lisanti Capital's reportable assets, reflecting a strategic positioning in the energy sector, particularly as the oilfield services cycle appears to have room for growth.
- Stock Performance: As of May 6, 2026, Patterson-UTI Energy shares were priced at $11.58, up about 120% over the past year, significantly outperforming the S&P 500 by approximately 90 percentage points, showcasing market optimism regarding its business outlook.
- Financial Overview: Patterson-UTI Energy reported first-quarter revenue of $1.1 billion and adjusted EBITDA of $205 million, and although it posted a net loss of around $25 million, management expects performance to improve with rising commodity prices and stronger customer demand.
See More
Barclays: Best Time in Two Decades to Buy Oil Service Stocks
- Sector Upgrade: Barclays upgraded the U.S. energy service and technology sector from neutral to positive, raising ratings for oil service providers like Halliburton from equal weight to overweight, reflecting confidence in the sector's future performance.
- Oil Price Volatility: Although oil prices fell to $90.51 per barrel due to reports of a potential U.S.-Iran deal, nearly 20% down from early April's peak, Barclays analysts believe Middle Eastern events will lead to structurally higher oil prices, driving a multi-year upstream spending cycle.
- Positive Outlook for Halliburton: Barclays raised Halliburton's 12-month price target from $37 to $55, implying a 36% upside from Wednesday's close, indicating significant benefits for the company amid rising oil prices.
- Offshore Services Potential: Barclays also upgraded Patterson-UTI Energy and ProPetro Holding to overweight, forecasting an increase in active deepwater rigs from 122 to 131 by the end of 2027, which will provide a tailwind for offshore oil service companies.
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Patterson-UTI Energy Insider Plans to Sell 3.06 Million Shares of Common Stock via Form 144
- Insider Selling: William A. Hendricks plans to sell 250,000 shares of its common stock on May 1.
- Market Value: The total market value of the shares being sold is approximately $3.06 million.
See More
Patterson-UTI Energy Q1 2026 Earnings Call Insights
- Hiring Plans: Patterson-UTI Energy is set to hire in Q2 2026, reflecting confidence in future market demand amid heightened geopolitical risks in the Middle East, which are expected to reshape global oil supply and demand balances.
- Drilling Services Outlook: The company anticipates an average rig count of around 90 rigs in Q2, with adjusted gross profit expected to be approximately $130 million, indicating improved profitability in a high-demand environment despite challenges in international business profitability.
- Financial Performance: Total revenue for Q1 was $1.117 billion, with a net loss of $25 million or $0.06 per share, and adjusted EBITDA of $205 million, highlighting profitability pressures in a high-cost environment while maintaining stable cash flow with $337 million on hand.
- Shareholder Returns: The board approved a quarterly dividend of $0.10 per share, demonstrating the company's commitment to shareholder returns despite facing risks from the Middle East and inflation pressures, while management remains focused on disciplined capital deployment.
See More
Patterson-UTI (PTEN) Q1 2026 Earnings Transcript
See More
Patterson-UTI Energy Declares Quarterly Dividend
- Quarterly Dividend Announcement: Patterson-UTI Energy has declared a quarterly dividend of $0.10 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flow, which is likely to attract income-seeking investors.
- Yield Analysis: The forward yield of 3.7% reflects the company's attractiveness in the current market environment, potentially increasing investor interest in its stock, especially amid oil price fluctuations.
- Shareholder Arrangement: The dividend will be payable on June 15, with a record date of June 1 and an ex-dividend date also on June 1, ensuring shareholders receive timely returns and further solidifying trust between the company and its investors.
- Market Outlook: Despite rising oil prices, Patterson-UTI's CEO states that this will not lead to increased U.S. production, a perspective that may influence market expectations for the company's future growth and underscores its cautious approach to resource allocation.
See More
Lisanti Capital Acquires New Stake in Patterson-UTI Energy
- New Investment Disclosure: On May 6, 2026, Lisanti Capital Growth disclosed a new position by acquiring 896,470 shares of Patterson-UTI Energy, valued at approximately $7.67 million, indicating confidence in the company's growth potential.
- Ownership Proportion Analysis: This acquisition represents 2.45% of Lisanti Capital's reportable assets, reflecting a strategic positioning in the energy sector, particularly as the oilfield services cycle appears to have room for growth.
- Stock Performance: As of May 6, 2026, Patterson-UTI Energy shares were priced at $11.58, up about 120% over the past year, significantly outperforming the S&P 500 by approximately 90 percentage points, showcasing market optimism regarding its business outlook.
- Financial Overview: Patterson-UTI Energy reported first-quarter revenue of $1.1 billion and adjusted EBITDA of $205 million, and although it posted a net loss of around $25 million, management expects performance to improve with rising commodity prices and stronger customer demand.
See More
Barclays: Best Time in Two Decades to Buy Oil Service Stocks
- Sector Upgrade: Barclays upgraded the U.S. energy service and technology sector from neutral to positive, raising ratings for oil service providers like Halliburton from equal weight to overweight, reflecting confidence in the sector's future performance.
- Oil Price Volatility: Although oil prices fell to $90.51 per barrel due to reports of a potential U.S.-Iran deal, nearly 20% down from early April's peak, Barclays analysts believe Middle Eastern events will lead to structurally higher oil prices, driving a multi-year upstream spending cycle.
- Positive Outlook for Halliburton: Barclays raised Halliburton's 12-month price target from $37 to $55, implying a 36% upside from Wednesday's close, indicating significant benefits for the company amid rising oil prices.
- Offshore Services Potential: Barclays also upgraded Patterson-UTI Energy and ProPetro Holding to overweight, forecasting an increase in active deepwater rigs from 122 to 131 by the end of 2027, which will provide a tailwind for offshore oil service companies.
See More
Patterson-UTI Energy Insider Plans to Sell 3.06 Million Shares of Common Stock via Form 144
- Insider Selling: William A. Hendricks plans to sell 250,000 shares of its common stock on May 1.
- Market Value: The total market value of the shares being sold is approximately $3.06 million.
See More
Patterson-UTI Energy Q1 2026 Earnings Call Insights
- Hiring Plans: Patterson-UTI Energy is set to hire in Q2 2026, reflecting confidence in future market demand amid heightened geopolitical risks in the Middle East, which are expected to reshape global oil supply and demand balances.
- Drilling Services Outlook: The company anticipates an average rig count of around 90 rigs in Q2, with adjusted gross profit expected to be approximately $130 million, indicating improved profitability in a high-demand environment despite challenges in international business profitability.
- Financial Performance: Total revenue for Q1 was $1.117 billion, with a net loss of $25 million or $0.06 per share, and adjusted EBITDA of $205 million, highlighting profitability pressures in a high-cost environment while maintaining stable cash flow with $337 million on hand.
- Shareholder Returns: The board approved a quarterly dividend of $0.10 per share, demonstrating the company's commitment to shareholder returns despite facing risks from the Middle East and inflation pressures, while management remains focused on disciplined capital deployment.
See More
Patterson-UTI (PTEN) Q1 2026 Earnings Transcript
See More
Patterson-UTI Energy Declares Quarterly Dividend
- Quarterly Dividend Announcement: Patterson-UTI Energy has declared a quarterly dividend of $0.10 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flow, which is likely to attract income-seeking investors.
- Yield Analysis: The forward yield of 3.7% reflects the company's attractiveness in the current market environment, potentially increasing investor interest in its stock, especially amid oil price fluctuations.
- Shareholder Arrangement: The dividend will be payable on June 15, with a record date of June 1 and an ex-dividend date also on June 1, ensuring shareholders receive timely returns and further solidifying trust between the company and its investors.
- Market Outlook: Despite rising oil prices, Patterson-UTI's CEO states that this will not lead to increased U.S. production, a perspective that may influence market expectations for the company's future growth and underscores its cautious approach to resource allocation.
See More
