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

Company Overview

Patterson-UTI Energy, Inc. is an oilfield services company that provides drilling, completion and production-related services to oil and natural gas exploration and production companies. Its operations are primarily focused on onshore oil and gas development in the United States.

The company provides contract land drilling services through a fleet of rigs, as well as directional drilling and related technologies used to guide wellbores. Patterson-UTI also offers pressure pumping and hydraulic fracturing, wireline, well-completion, equipment rental and other services that support the development and maintenance of unconventional wells.

Patterson-UTI expanded its completion-services business through its 2023 merger with NexTier Oilfield Solutions. The combined company serves customers in major U.S. producing regions, including the Permian Basin and other important shale and onshore basins, and continues to operate as an integrated provider of drilling and well-completion services.

Key Stats

• Today's Range: $11.77 to $13.00
• 50-Day Range: $10.55 to $13.32
• 52-Week Range: $5.24 to $13.39
• Volume: 11.81 million shs
• Average Volume: 6.31 million shs
• Market Capitalization: $4.50 billion
• P/E Ratio: N/A
• Dividend Yield: 3.39%
• Price Target: $14.09
• Consensus Rating: Moderate Buy

Patterson-UTI Energy Stock Analysis - MarketRank™

Patterson-UTI Energy scored higher than 88% of companies evaluated by MarketBeat, and ranked 44th out of 247 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: 3.7 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Patterson-UTI Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on no strong buy ratings, 9 buy ratings, 6 hold ratings, and no sell ratings.

Upside Potential

Patterson-UTI Energy has a consensus price target of $13.91, representing about 18.0% upside from its current price of $11.79.

Amount of Analyst Coverage

Patterson-UTI Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3,100.00%

Earnings Growth

Earnings for Patterson-UTI Energy are expected to grow by 3,100.00% in the coming year, from $0.01 to $0.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Patterson-UTI Energy is -196.43, 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 -196.43, 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 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.25% of the float of Patterson-UTI Energy has been sold short.

Short Interest Ratio / Days to Cover

Patterson-UTI Energy has a short interest ratio ("days to cover") of 4.38.

Change versus previous month

Short interest in Patterson-UTI Energy has recently decreased by 11.88%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Patterson-UTI Energy pays a meaningful dividend of 3.17%, higher than the bottom 25% of all stocks that pay dividends.

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 125.00% in the coming year. This indicates that Patterson-UTI Energy may not be able to sustain their current dividend.

News and Social Media

• Score: 4.4 / 5
• News Sentiment: 1.02

News Sentiment

Patterson-UTI Energy has a news sentiment score of 1.02. 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 0.70 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 29 news articles for Patterson-UTI Energy this week, compared to 6 articles on an average week.

Search Interest

14 people have searched for PTEN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

11 people have added Patterson-UTI Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 267% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Patterson-UTI Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,698,780.00 in company stock.

Percentage Held by Insiders

2.20% 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.

Company Calendar

• Record date for 9/15 Dividend: 9/01/2026
• Ex-Dividend for 9/15 Dividend: 9/01/2026
• Dividend Payable: 9/15/2026
• Last Earnings: 10/28/2026
• Today: 11/03/2026
• Record date for 12/15 Dividend: 12/01/2026
• Ex-Dividend for 12/15 Dividend: 12/01/2026
• Dividend Payable: 12/15/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Energy Equipment & Services
• Sub-Industry: Oil & Gas Drilling
• Current Symbol: NASDAQ:PTEN
• CIK: 889900
• Web: www.patenergy.com
• Phone: (281) 765-7100
• Fax: 281-765-7175
• Employees: 7,900
• Year Founded: 1978

Price Target and Rating

• Average Price Target for Patterson-UTI Energy: $14.09
• High Price Target: $17.00
• Low Price Target: $12.00
• Potential Upside/Downside: +19.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.06)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 36.83
• P/E Growth: N/A
• Net Income: -$93.64 million
• Net Margins: -0.52%
• Pretax Margin: -2.44%
• Return on Equity: -0.58%
• Return on Assets: -0.34%

Debt

• Debt-to-Equity Ratio: 0.40
• Current Ratio: 1.75
• Quick Ratio: 1.57

Sales & Book Value

• Annual Sales: $4.83 billion
• Price / Sales: 0.93
• Cash Flow: $2.19 per share
• Price / Cash Flow: 5.37
• Book Value: $8.50 per share
• Price / Book: 1.39

Miscellaneous

• Outstanding Shares: 381,390,000
• Free Float: 372,995,000
• Market Cap: $4.50 billion
• Optionable: Optionable
• Beta: 0.77