Patterson-UTI Energy (PTEN)
NASDAQ:PTEN
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PTEN Stock Chart & Stats
$9.42
-$0.07(-0.87%)
At close: 4:00 PM EST
$9.42
-$0.07(-0.87%)
Day’s Range― - ―
52-Week Range$5.10 - $12.42
Previous CloseN/A
Volume1.56M
Average Volume (3M)11.17M
Market Cap
$4.67B
Enterprise Value$4.42B
Total Cash (Recent Filing)$337.24M
Total Debt (Recent Filing)$47.51M
Price to Earnings (P/E)―
Beta0.93
Next Earnings
Jul 29, 2026EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend Yield5.42%
Share Statistics
EPS (TTM)-0.31
Shares Outstanding379,617,650
10 Day Avg. Volume11,482,068
30 Day Avg. Volume11,173,253
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)0.73
Price to Sales (P/S)0.49
P/FCF Ratio6.30
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue0.95
Enterprise Value/Gross Profit10.76
Enterprise Value/Ebitda5.14
Forecast
1Y Price Target
$11.55Price Target Upside22.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)-0.23
Revenue Forecast (FY)$4.55B
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesManagement is having increased conversations about additional gas directed activity into 2026, suggesting future growth opportunities.
ProfitabilityThe 3Q guidance for Completion Services gross profit is better than most had expected, indicating resilience in profitability.
Shareholder ReturnsPatterson-UTI Energy returned $46 million to shareholders in 2Q through dividends and share repurchases, demonstrating strong cash returns.
Bears Say
Cash FlowPatterson-UTI Energy's Free Cash Flow in 2Q missed consensus primarily due to higher working capital build.
Drilling ServicesDrilling Services appears modestly weaker in both activity and margins.
Patterson-UTI News
PTEN FAQ
What was Patterson-UTI Energy’s price range in the past 12 months?
Patterson-UTI Energy lowest stock price was $5.10 and its highest was $12.41 in the past 12 months.
What is Patterson-UTI Energy’s market cap?
Patterson-UTI Energy’s market cap is $4.67B.
When is Patterson-UTI Energy’s upcoming earnings report date?
Patterson-UTI Energy’s upcoming earnings report date is Jul 29, 2026 which is in 84 days.
How were Patterson-UTI Energy’s earnings last quarter?
Patterson-UTI Energy released its earnings results on Apr 22, 2026. The company reported -$0.069 earnings per share for the quarter, beating the consensus estimate of -$0.101 by $0.032.
Is Patterson-UTI Energy overvalued?
According to Wall Street analysts Patterson-UTI Energy’s price is currently Undervalued.
Does Patterson-UTI Energy pay dividends?
Patterson-UTI Energy pays a Quarterly dividend of $0.08 which represents an annual dividend yield of 5.42%. See more information on Patterson-UTI Energy dividends here
What is Patterson-UTI Energy’s EPS estimate?
Patterson-UTI Energy’s EPS estimate is -0.07.
How many shares outstanding does Patterson-UTI Energy have?
Patterson-UTI Energy has 379,617,650 shares outstanding.
What happened to Patterson-UTI Energy’s price movement after its last earnings report?
Patterson-UTI Energy reported an EPS of -$0.069 in its last earnings report, beating expectations of -$0.101. Following the earnings report the stock price went up 3.053%.
Which hedge fund is a major shareholder of Patterson-UTI Energy?
Currently, no hedge funds are holding shares in PTEN
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Patterson-UTI Stock Smart Score
Outperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$11.55 (22.56% Upside)
$11.55 (22.56% Upside)
Blogger Sentiment
Bullish
PTEN Sentiment 100%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Decreased
By 278.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $12.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.6%
Last 30 Days ▲ 14.4%
Last 30 Days ▲ 14.4%
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Positive
20 days / 200 days
Momentum
63.82%
12-Months-Change
Fundamentals
Return on Equity
-3.67%
Trailing 12-Months
Asset Growth
-7.02%
Trailing 12-Months
Company Description
Patterson-UTI Energy
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
PTEN Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a constructive and cautiously optimistic outlook: the company reported solid segment performance and healthy liquidity while highlighting clear signs of demand and early pricing recovery across drilling and completion services. Management emphasized disciplined capital allocation, fleet high-grading toward higher‑return natural-gas-powered equipment, and targeted technology investments tied to term contracts. Offsetting positives are a Q1 net loss, seasonal working-capital-driven negative free cash flow, weather-related disruption in completions (~$9M EBITDA impact), international disruption and input cost inflation (notably tungsten and diesel), and a deliberate choice not to reactivate older diesel fleets given questionable long-term returns. Overall, the positives around utilization, pricing momentum, balance sheet strength, and a clear plan to capture upside from rising U.S. shale activity outweigh the near-term headwinds.View all PTEN earnings summariesPTEN Stock 12 Month Forecast
Average Price Target
$11.55
▲(22.56% Upside)
Technical Analysis
Helmerich & Payne
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Ownership Overview
2.29% Insiders
31.53% Mutual Funds
2.03% Other Institutional Investors
29.76% Public Companies and
Individual Investors