Patterson-UTI Energy (PTEN) Stock Price, News & Analysis

Company Overview

Patterson-UTI Energy provides a comprehensive suite of onshore contract drilling and pressure pumping services to exploration and production companies in North America. The company’s core offerings include land-based drilling rigs, directional drilling, hydraulic fracturing services, downhole tool rental and well-servicing equipment. By integrating drilling and completion capabilities, Patterson-UTI Energy offers operators a streamlined solution designed to improve operational efficiency and well performance.

Headquartered in Houston, Texas, Patterson-UTI Energy traces its origins to its founding in 1978 and was later incorporated in Delaware in 1996. Over the decades, the company has grown organically and through strategic acquisitions, building one of the largest fleets of high-specification drilling rigs in the U.S. market. Patterson-UTI Energy expanded its pressure pumping footprint in recent years to complement its drilling business, creating a diversified service platform.

The company predominantly serves major U.S. onshore basins, including the Permian, Eagle Ford, Haynesville, Rockies and Cana-Woodford plays, as well as selected operations in Western Canada. Patterson-UTI Energy’s geographic focus on shale and tight-sand formations positions it to support customers across a range of oil and natural gas projects, from exploration to full-cycle development.

Under the leadership of President and CEO Bradford E. Jones, Patterson-UTI Energy emphasizes safety, technology adoption and cost-effective operations. The management team combines extensive sector expertise with a commitment to continuous improvement, aiming to deliver value to customers and stakeholders in a dynamic energy environment.

Key Stats

• Today's Range: $5.41 to $5.83
• 50-Day Range: $5.29 to $6.60
• 52-Week Range: $5.12 to $9.57
• Volume: 10.49 million shs
• Average Volume: 11.23 million shs
• Market Capitalization: $2.25 billion
• P/E Ratio: N/A
• Dividend Yield: 5.49%
• Price Target: $7.90
• Consensus Rating: Hold

Patterson-UTI Energy Stock Analysis - MarketRank™

Patterson-UTI Energy scored higher than 85% of companies evaluated by MarketBeat, and ranked 60th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Patterson-UTI Energy has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Patterson-UTI Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Patterson-UTI Energy are expected to grow in the coming year, from ($0.10) to $0.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Patterson-UTI Energy is -2.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Patterson-UTI Energy is -2.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Patterson-UTI Energy has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.40% of the outstanding shares of Patterson-UTI Energy have been sold short.

Short Interest Ratio / Days to Cover

Patterson-UTI Energy has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Patterson-UTI Energy has recently increased by 1.57%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Patterson-UTI Energy is a leading dividend payer. It pays a dividend yield of 5.51%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Patterson-UTI Energy does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Patterson-UTI Energy will have a dividend payout ratio of 188.24% in the coming year. This indicates that Patterson-UTI Energy may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -6.95

Percentage of Shares Shorted

9.40% of the outstanding shares of Patterson-UTI Energy have been sold short.

Short Interest Ratio / Days to Cover

Patterson-UTI Energy has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Patterson-UTI Energy has recently increased by 1.57%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.30

News Sentiment

Patterson-UTI Energy has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Patterson-UTI Energy this week, compared to 7 articles on an average week.

Search Interest

Only 14 people have searched for PTEN on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Patterson-UTI Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Patterson-UTI Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.30% of the stock of Patterson-UTI Energy is held by insiders.

Percentage Held by Institutions

97.91% of the stock of Patterson-UTI Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PTEN Stock Analysis - Frequently Asked Questions

How have PTEN shares performed this year?

Patterson-UTI Energy's stock was trading at $8.26 on January 1st, 2025. Since then, PTEN shares have decreased by 29.8% and is now trading at $5.7950.

How were Patterson-UTI Energy's earnings last quarter?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) posted its quarterly earnings results on Wednesday, July, 23rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.02. The company's revenue for the quarter was down 9.6% compared to the same quarter last year.
Read the conference call transcript.

Does Patterson-UTI Energy have any subsidiaries?

Patterson-UTI Energy subsidiaries include Superior QC, Seventy Seven Energy Inc., Warrior Rig Technologies, TMBR/ Sharp Drilling, Jones Drilling, High Valley Drilling, Wek Drilling, and others.

Who are Patterson-UTI Energy's major shareholders?

Patterson-UTI Energy's top institutional shareholders include State Street Corp (3.85%), American Century Companies Inc. (3.76%), Sourcerock Group LLC (3.58%) and ARGA Investment Management LP (3.43%). Insiders that own company stock include William Andrew Hendricks Jr, Robert Wayne Drummond Jr, James Carl Stewart, Charles Andrew Smith, James Michael Holcomb, Seth David Wexler and Tiffany Thom Cepak.
View institutional ownership trends.

How do I buy shares of Patterson-UTI Energy?

Shares of PTEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Patterson-UTI Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Patterson-UTI Energy investors own include Humana (HUM), American Water Works (AWK), Invesco QQQ (QQQ), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR) and TotalEnergies (TTE).

Company Calendar

• Record date for 6/16 Dividend: 6/02/2025
• Ex-Dividend for 6/16 Dividend: 6/02/2025
• Dividend Payable: 6/16/2025
• Last Earnings: 7/23/2025
• Record date for 9/15 Dividend: 9/02/2025
• Ex-Dividend for 9/15 Dividend: 9/02/2025
• Today: 9/04/2025
• Dividend Payable: 9/15/2025
• Next Earnings (Estimated): 10/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: OIL&GAS - DRILL
• Sub-Industry: Oil & Gas Drilling
• Current Symbol: NASDAQ:PTEN
• CIK: 889900
• Web: www.patenergy.com
• Phone: (281) 765-7100
• Fax: 281-765-7175
• Employees: 9,200
• Year Founded: 1978

Price Target and Rating

• Average Price Target for Patterson-UTI Energy: $7.90
• High Price Target: $11.00
• Low Price Target: $6.50
• Potential Upside/Downside: +37.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): ($2.76)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$968.03 million
• Net Margins: -21.49%
• Pretax Margin: -21.97%
• Return on Equity: -1.94%
• Return on Assets: -1.16%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 1.73
• Quick Ratio: 1.50

Sales & Book Value

• Annual Sales: $5.38 billion
• Price / Sales: 0.41
• Cash Flow: $5.33 per share
• Price / Cash Flow: 1.08
• Book Value: $8.69 per share
• Price / Book: 0.66

Miscellaneous

• Outstanding Shares: 385,170,000
• Free Float: 376,308,000
• Market Cap: $2.22 billion
• Optionable: Optionable
• Beta: 1.35