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

Company Overview

Patterson-UTI Energy is a leading oilfield services company that provides contract drilling and related services to exploration and production companies in North America. The company’s core operations include the deployment and management of land drilling rigs, pressure pumping fleets, directional drilling and measurement-while-drilling services, and the rental of ancillary equipment such as downhole tools and wellsite supplies. Patterson-UTI serves both onshore unconventional and conventional resource plays, offering turnkey solutions from well planning through completion.

The contract drilling segment features a versatile fleet of hydraulic land rigs designed to operate across a range of depths and formations. Patterson-UTI’s pressure pumping division delivers hydraulic fracturing, coiled tubing, cementing, acidizing and other stimulation services geared toward improving well productivity. The company also offers directional drilling and MWD/LWD technologies that enhance drilling accuracy and reduce non-productive time. Through its rental tools and equipment arm, Patterson-UTI supplies drill pipe, bottomhole assemblies and completion tools on an as-needed basis to support dynamic project requirements.

Founded in 1978 and headquartered in Houston, Texas, Patterson-UTI has grown through strategic acquisitions and organic expansion. The company operates primarily in key U.S. basins—including the Permian, Eagle Ford, Marcellus, Williston and DJ Basin—as well as in Canada’s Western Canadian Sedimentary Basin and selected international markets. Notable acquisitions over the years have included Warrior Rig Systems, Superior Well Services and NexTier Oilfield Solutions, which have broadened Patterson-UTI’s service offerings and enhanced its geographic footprint.

Under the leadership of President and Chief Executive Officer Martin M. Craighead, Patterson-UTI emphasizes operational excellence, safety and technological innovation. The company continues to invest in digital drilling solutions, data analytics and efficiency-enhancing equipment to help clients optimize well performance while managing costs. With a commitment to environmental stewardship and community engagement, Patterson-UTI remains focused on delivering reliable, high-quality services to meet the evolving needs of the oil and gas industry.

Key Stats

• Today's Range: $6.37 to $6.59
• 50-Day Range: $5.51 to $6.60
• 52-Week Range: $5.12 to $11.27
• Volume: 3.42 million shs
• Average Volume: 10.11 million shs
• Market Capitalization: $2.52 billion
• P/E Ratio: N/A
• Dividend Yield: 4.90%
• Price Target: $9.50
• Consensus Rating: Moderate Buy

Patterson-UTI Energy Stock Analysis - MarketRank™

Patterson-UTI Energy scored higher than 87% of companies evaluated by MarketBeat, and ranked 50th out of 266 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: 4.3 / 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 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Patterson-UTI Energy has been the subject of 6 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 -2.51, 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 -2.51, 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 0.73. 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

9.99% 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 2.8, 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 2.03%, 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 4.85%, 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

9.99% 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 2.8, 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 2.03%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.38

News Sentiment

Patterson-UTI Energy has a news sentiment score of 0.38. 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 lower news sentiment than the 0.68 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Patterson-UTI Energy this week, compared to 7 articles on an average week.

Search Interest

Only 9 people have searched for PTEN on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 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 $32,890.00 in company stock.

Percentage Held by Insiders

Only 2.40% 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 20.9% and is now trading at $6.5350.

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

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) announced its quarterly earnings data on Wednesday, April, 23rd. The oil and gas company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.04. The business's quarterly revenue was down 15.2% 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 more.

Who are Patterson-UTI Energy's major shareholders?

Patterson-UTI Energy's top institutional shareholders include Wealth Enhancement Advisory Services LLC (0.01%), Somerset Trust Co (0.01%) and Pallas Capital Advisors LLC. 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

• Last Earnings: 4/23/2025
• Record date for 6/16 Dividend: 6/02/2025
• Ex-Dividend for 6/16 Dividend: 6/02/2025
• Dividend Payable: 6/16/2025
• Today: 7/10/2025
• Next Earnings (Estimated): 7/23/2025
• 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: $9.50
• High Price Target: $12.50
• Low Price Target: $6.50
• Potential Upside/Downside: +45.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.58
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): ($2.60)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$968.03 million
• Net Margins: -19.78%
• Pretax Margin: -19.93%
• Return on Equity: -0.70%
• Return on Assets: -0.43%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 1.61
• Quick Ratio: 1.40

Sales & Book Value

• Annual Sales: $5.38 billion
• Price / Sales: 0.47
• Cash Flow: $5.31 per share
• Price / Cash Flow: 1.23
• Book Value: $8.91 per share
• Price / Book: 0.73

Miscellaneous

• Outstanding Shares: 385,990,000
• Free Float: 376,723,000
• Market Cap: $2.52 billion
• Optionable: Optionable
• Beta: 1.32