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

Company Overview

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) is an energy services company that provides drilling and well-completion solutions to oil and natural gas exploration and production companies. Its operations support the development of unconventional and conventional wells, primarily in North America.

The company’s drilling services include contract land drilling, directional drilling, and related technologies designed to improve well placement, efficiency, and performance. Patterson-UTI also provides completion services, including pressure pumping, wireline, and other well-completion and production-support services.

Through its drilling products business, Patterson-UTI manufactures and distributes drilling equipment and downhole tools, including drill bits, drilling motors, and related products. The company was formed through the 2001 combination of Patterson Energy and UTI Energy and expanded its completion-services platform through its 2023 merger with NexTier Oilfield Solutions. Patterson-UTI is headquartered in Houston, Texas, and is led by President and Chief Executive Officer Andy Hendricks.

Key Stats

• Today's Range: $11.36 to $11.61
• 50-Day Range: $10.55 to $13.15
• 52-Week Range: $5.24 to $13.39
• Volume: 6.26 million shs
• Average Volume: 7.31 million shs
• Market Capitalization: $4.39 billion
• P/E Ratio: N/A
• Dividend Yield: 3.48%
• Price Target: $13.14
• Consensus Rating: Moderate Buy

Patterson-UTI Energy Stock Analysis - MarketRank™

Patterson-UTI Energy scored higher than 52% of companies evaluated by MarketBeat, and ranked 144th out of 246 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: 3.4 / 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 $13.14, representing about 14.2% upside from its current price of $11.50.

Amount of Analyst Coverage

Patterson-UTI Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Patterson-UTI Energy is -50.00, 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 -50.00, 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 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.23% 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 3.6, 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 decreased by 10.42%, 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 3.48%, 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 129.03% in the coming year. This indicates that Patterson-UTI Energy may not be able to sustain their current dividend.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: 0.62

News Sentiment

Patterson-UTI Energy has a news sentiment score of 0.62. 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 news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Patterson-UTI Energy this week, compared to 6 articles on an average week.

Search Interest

Only 3 people have searched for PTEN on MarketBeat in the last 30 days. This is a decrease of -70% compared to the previous 30 days.

MarketBeat Follows

Only 6 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: 1.5 / 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

• Last Earnings: 4/22/2026
• Record date for 9/15 Dividend: 9/01/2026
• Ex-Dividend for 9/15 Dividend: 9/01/2026
• Dividend Payable: 9/15/2026
• Today: 10/18/2026
• Next Earnings (Estimated): 10/28/2026
• 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: $13.14
• High Price Target: $16.00
• Low Price Target: $10.00
• Potential Upside/Downside: +14.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$93.64 million
• Net Margins: -1.92%
• Pretax Margin: -2.44%
• Return on Equity: -1.68%
• Return on Assets: -0.98%

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: 0.91
• Cash Flow: $2.35 per share
• Price / Cash Flow: 4.90
• Book Value: $8.50 per share
• Price / Book: 1.35

Miscellaneous

• Outstanding Shares: 381,390,000
• Free Float: 372,995,000
• Market Cap: $4.39 billion
• Optionable: Optionable
• Beta: 0.77