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PTEN Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
11.670
Open
11.400
VWAP
11.45
Vol
5.33M
Mkt Cap
4.34B
Low
11.265
Amount
61.02M
EV/EBITDA(TTM)
6.12
Total Shares
379.62M
EV
5.23B
EV/OCF(TTM)
6.41
P/S(TTM)
0.93
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.
Show More

Events Timeline

(ET)
2026-05-06
17:50:00
Patterson-UTI Operates 88 Drilling Rigs in April
select
2026-04-22 (ET)
2026-04-22
19:10:00
WTI Crude Oil Holds Above $92, S&P 500 Hits Fresh Closing Highs
select
2026-04-22
17:40:00
Andy Hendricks: Q1 Revenue Reaches $1.18B
select
2026-04-22
17:40:00
Company Expects Adjusted Gross Profit of Approximately $130 Million in Q2 Drilling Services
select

News

Fool
6.5
05-07Fool
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.
CNBC
6.0
05-07CNBC
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.
moomoo
5.0
05-01moomoo
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.
seekingalpha
9.5
04-24seekingalpha
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.
NASDAQ.COM
2.0
04-23NASDAQ.COM
Patterson-UTI (PTEN) Q1 2026 Earnings Transcript
seekingalpha
8.0
04-23seekingalpha
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.
Wall Street analysts forecast PTEN stock price to rise
9 Analyst Rating
Wall Street analysts forecast PTEN stock price to rise
4 Buy
4 Hold
1 Sell
Moderate Buy
Current: 0.000
sliders
Low
6.00
Averages
7.22
High
9.00
Current: 0.000
sliders
Low
6.00
Averages
7.22
High
9.00
Barclays
Equal Weight -> Overweight
upgrade
$10 -> $15
AI Analysis
2026-05-07
New
Reason
Barclays
Price Target
$10 -> $15
AI Analysis
2026-05-07
New
upgrade
Equal Weight -> Overweight
Reason
Barclays upgraded Patterson-UTI to Overweight from Equal Weight with a price target of $15, up from $10. The firm adjusted ratings and price targets in the energy services group, saying the sector faces its best setup in 20 years. Barclays upgraded is industry view to Positive from Neutral. Once the \"supply shock\" ends, oil prices will be structurally higher with upstream spending accelerating in 2027 and 2028, the analyst tells investors in a research note. Barclays sees this driving an earnings revision cycle and potential re-rating of stocks. The events in the Middle East will result in structurally higher oil prices and an ensuing multi-year upstream spending cycle to drive outperformance of the energy services sector, according to Barclays. The firm upgraded six names and downgraded two
Barclays
Equal Weight
maintain
$8 -> $10
2026-04-27
Reason
Barclays
Price Target
$8 -> $10
2026-04-27
maintain
Equal Weight
Reason
Barclays raised the firm's price target on Patterson-UTI to $10 from $8 and keeps an Equal Weight rating on the shares post the Q1 report. While the U.S. onshore rig count is flat relative to before the Iran conflict levels, the company's commentary indicated we'll start seeing rig adds in the next few weeks, the analyst tells investors in a research note. Barclays expects this to drive higher completions activity by Q3.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for PTEN
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Valuation Metrics

The current forward P/E ratio for Patterson-UTI Energy Inc (PTEN.O) is 11.11, compared to its 5-year average forward P/E of -9.27. For a more detailed relative valuation and DCF analysis to assess Patterson-UTI Energy Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-9.27
Current PE
11.11
Overvalued PE
65.20
Undervalued PE
-83.74

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
4.98
Current EV/EBITDA
4.67
Overvalued EV/EBITDA
6.95
Undervalued EV/EBITDA
3.01

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.82
Current PS
0.91
Overvalued PS
1.10
Undervalued PS
0.55

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Whales Holding PTEN

S
Sourcerock Group LLC
Holding
PTEN
+11.61%
3M Return
C
Cambria Investment Management, L.P.
Holding
PTEN
+5.84%
3M Return
B
Blackstone Inc.
Holding
PTEN
+0.92%
3M Return
A
ARGA Investment Management, LLC
Holding
PTEN
-0.29%
3M Return

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Frequently Asked Questions

What is Patterson-UTI Energy Inc (PTEN) stock price today?

The current price of PTEN is 11.42 USD — it has increased 0.09

What is Patterson-UTI Energy Inc (PTEN)'s business?

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.

What is the price predicton of PTEN Stock?

Wall Street analysts forecast PTEN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PTEN is7.22 USD with a low forecast of 6.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Patterson-UTI Energy Inc (PTEN)'s revenue for the last quarter?

Patterson-UTI Energy Inc revenue for the last quarter amounts to 0.00 USD, decreased -100.00

What is Patterson-UTI Energy Inc (PTEN)'s earnings per share (EPS) for the last quarter?

Patterson-UTI Energy Inc. EPS for the last quarter amounts to USD, decreased

How many employees does Patterson-UTI Energy Inc (PTEN). have?

Patterson-UTI Energy Inc (PTEN) has 7900 emplpoyees as of May 10 2026.

What is Patterson-UTI Energy Inc (PTEN) market cap?

Today PTEN has the market capitalization of 4.34B USD.