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Patterson-UTI Energy, Inc.
PTEN
NASDAQ·Energy·Oil & Gas Drilling·Mkt cap $3.3B
$8.66
▲ +1.05%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$5.10 - $13.08
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 35.0% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Large, modern fleet of 192 marketable drilling rigs with geographic diversification across premium basins
- Integrated service offerings spanning drilling, completion, and directional services reduce customer switching costs
- Specialized directional drilling expertise and proprietary software enhance wellbore quality and operational efficiency
- Long-standing customer relationships with major oil and gas operators provide stable revenue base
Bear Case
1 risk
- Low volatility (beta 0.6).
Growth
Stable outlook
Increased drilling activity driven by higher oil and natural gas prices and operator capital spending
Value
Deep value opportunity - significant discount to Oilfield Services peers
Momentum
Weak
-19.2% over 3m
Quality
Thin
Solid business
Dividend
Solid
4.20% yield
Smart-money signal
Who's buying PTEN right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Apr 21, 2026
APR 22, 2026
Reported EPS of -$0.06 vs -$0.10 consensus (+40.0% surprise). Revenue of $1.1B vs $1.1B expected (+1.4%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Q2 26
+40.0%
Next: Apr 21, 2026
Revenue trend · last 8Q
—
—
-27%
-15%
-10%
-13%
-1%
-13%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$1.3B
$1.4B
$1.2B
$1.3B
$1.2B
$1.2B
$1.2B
$1.1B
Margins · last 8Q
Gross
24.0%
Operating
-1.3%
Profit
-2.2%
Wall Street consensus
8 analysts · 63% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
63%
Hold
38%
Sell
0%
Median Price Target
$11.00
▲ +27.0% vs $8.66
Latest: RBC Capital · May 29, 2026
6 analysts covering