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Patterson-UTI Energy, Inc. logo

Patterson-UTI Energy, Inc.

PTEN

NASDAQEnergyOil & Gas Drilling

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Previous close

$12.34

+$0.16 · +1.31%

Aug 21, 4:00 PM ET

PTEN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

58

Fair Value

Momentum

48

Neutral

Sentiment

61

Bullish

Risk resilience

51

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Patterson-UTI Energy, Inc. (PTEN) is a key provider of onshore contract drilling services for oil and natural gas exploration and production companies. Its operations span across the United States and international markets. The company's diverse business model is structured around three primary segments: 1. Contract Drilling Services: This division delivers drilling solutions predominantly in prominent U.S. basins such as West Texas, Appalachia, the Rockies, Oklahoma, and both South and East Texas, alongside operations in Colombia. As of late 2021, its robust fleet comprised 192 marketable land-based drilling rigs. 2. Pressure Pumping Services: Specializing in well site operations, this segment provides a range of pressure pumping services. These include comprehensive well stimulation for new well completions and remedial interventions on existing wells, in addition to hydraulic fracturing, cementing, and acid pumping activities within Texas and the Appalachian region. 3. Directional Drilling Services: This segment focuses on advanced drilling technologies, offering a complete suite of directional drilling and measurement-while-drilling (MWD) services. It also provides the supply and rental of high-performance downhole motors, complemented by specialized software and support services designed to optimize the precision, quality, and drilling efficiency (on-bottom rate of penetration) of directional and horizontal wellbores. Beyond these core offerings, Patterson-UTI also extends equipment maintenance services to drilling contractors. Furthermore, it delivers sophisticated electrical controls and automation solutions to the energy, marine, and mining sectors across North America and other international areas. The company maintains a portfolio of non-operating working interests in oil and natural gas assets, primarily situated in Texas and New Mexico. Established in 1978, Patterson-UTI Energy, Inc. is headquartered in Houston, Texas.

Industry
Oil & Gas Drilling
Sector
Energy
Headquarters
US
CEO
William Andrew Hendricks Jr.
Listed since
Nov 2, 1993
Employees
7,900

Market position

Day range

Current $12.34

52-week range

Current $12.34

Open
$12.31
Previous close
$12.18
Volume
4.93M
0.55× average
Average volume
8.96M
Average daily volume
Market cap
4.68B USD
Beta
0.65
Market reference 1
50-day average
$10.218
+20.77% above average
200-day average
$9.16
+34.72% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.2B USD
P/E (TTM)
-53.49×
P/B (TTM)
1.51×
P/S (TTM)
1×
EV / EBITDA
3.53×
Earnings yield
-4.00%
Free cash flow yield
15.89%
Dividend yield
2.92%

Profitability & efficiency

Gross margin
14.20%
Operating margin
-1.14%
Net margin
-1.92%
Return on equity
-2.91%
Return on assets
-1.68%
Return on invested capital
-0.48%

Financial health

Debt / equity
0.41×
Current ratio
1.64×
Altman Z-score
1.86
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%-5%-31%-56%Gross margin, FY2021: -42.30%Gross margin, FY2022: 11.98%Gross margin, FY2023: 14.56%Gross margin, FY2024: 5.32%Gross margin, FY2025: 4.76%Operating margin, FY2021: -49.94%Operating margin, FY2022: 7.97%Operating margin, FY2023: 8.49%Operating margin, FY2024: -16.54%Operating margin, FY2025: -0.52%Net margin, FY2021: -48.23%Net margin, FY2022: 5.84%Net margin, FY2023: 5.94%Net margin, FY2024: -18.00%Net margin, FY2025: -1.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -42.30%. Gross margin FY2022 11.98%. Gross margin FY2023 14.56%. Gross margin FY2024 5.32%. Gross margin FY2025 4.76%. Operating margin FY2021 -49.94%. Operating margin FY2022 7.97%. Operating margin FY2023 8.49%. Operating margin FY2024 -16.54%. Operating margin FY2025 -0.52%. Net margin FY2021 -48.23%. Net margin FY2022 5.84%. Net margin FY2023 5.94%. Net margin FY2024 -18.00%. Net margin FY2025 -1.94%.

Income trends

Revenue

4.83B USD-10.25%

Operating income

−25.21M USD+97.17%

Net income

−93.64M USD+90.33%
Income trends across reported periods6.01B USD3.47B USD935.75M USD−1.6B USDRevenue, FY2021: 1.36B USDRevenue, FY2022: 2.65B USDRevenue, FY2023: 4.15B USDRevenue, FY2024: 5.38B USDRevenue, FY2025: 4.83B USDOperating income, FY2021: −677.75M USDOperating income, FY2022: 211.03M USDOperating income, FY2023: 351.95M USDOperating income, FY2024: −889.74M USDOperating income, FY2025: −25.21M USDNet income, FY2021: −654.55M USDNet income, FY2022: 154.66M USDNet income, FY2023: 246.29M USDNet income, FY2024: −968.03M USDNet income, FY2025: −93.64M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.36B USD. Revenue FY2022 2.65B USD. Revenue FY2023 4.15B USD. Revenue FY2024 5.38B USD. Revenue FY2025 4.83B USD. Operating income FY2021 −677.75M USD. Operating income FY2022 211.03M USD. Operating income FY2023 351.95M USD. Operating income FY2024 −889.74M USD. Operating income FY2025 −25.21M USD. Net income FY2021 −654.55M USD. Net income FY2022 154.66M USD. Net income FY2023 246.29M USD. Net income FY2024 −968.03M USD. Net income FY2025 −93.64M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.83B USD5.38B USD4.15B USD2.65B USD1.36B USD
Cost of goods sold4.6B USD5.09B USD3.54B USD2.33B USD1.93B USD
Gross profit229.86M USD286.17M USD603.72M USD317.1M USD−574.05M USD
Selling, general, and administrative255.07M USD268.34M USD169.96M USD116.59M USD92.38M USD
Operating expenses255.07M USD1.18B USD251.77M USD106.07M USD103.71M USD
Interest income6.65M USD5.73M USD6.12M USD360K USD222K USD
Interest expense70.51M USD71.96M USD52.87M USD40.26M USD41.98M USD
Depreciation and amortization940.26M USD1.17B USD731.42M USD483.95M USD849.18M USD
Operating income−25.21M USD−889.74M USD351.95M USD211.03M USD−677.75M USD
Net income−93.64M USD−968.03M USD246.29M USD154.66M USD−654.55M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-772.75%
11 comparable reports
Latest EPS result
-0.05
Estimate -0.04 · Miss by 26.26%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.07-0.01-0.09-0.17Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual -0.12, estimate -0.08, surprise -50.00%, Miss. Q2 2025, reported Apr 23, 2025: actual 0.005, estimate -0.04, surprise +111.78%, Beat. Q3 2025, reported Jul 23, 2025: actual -0.126, estimate -0.04, surprise -214.10%, Miss. Q4 2025, reported Oct 22, 2025: actual -0.06, estimate -0.1, surprise +40.00%, Beat. Q1 2026, reported Feb 4, 2026: actual -0.02, estimate -0.11, surprise +81.82%, Beat. Q2 2026, reported Apr 22, 2026: actual -0.06, estimate -0.1, surprise +40.00%, Beat. Q3 2026, reported Jul 29, 2026: actual -0.05, estimate -0.04, surprise -26.26%, Miss. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.03, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.35B1.25B1.15B1.05BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 1.16B USD, estimate 1.24B USD, surprise -5.94%, Miss. Q2 2025, reported Apr 23, 2025: actual 1.28B USD, estimate 1.18B USD, surprise +8.31%, Beat. Q3 2025, reported Jul 23, 2025: actual 1.22B USD, estimate 1.2B USD, surprise +1.39%, Beat. Q4 2025, reported Oct 22, 2025: actual 1.18B USD, estimate 1.17B USD, surprise +0.30%, Beat. Q1 2026, reported Feb 4, 2026: actual 1.15B USD, estimate 1.11B USD, surprise +3.64%, Beat. Q2 2026, reported Apr 22, 2026: actual 1.12B USD, estimate 1.1B USD, surprise +1.42%, Beat. Q3 2026, reported Jul 29, 2026: actual 1.23B USD, estimate 1.15B USD, surprise +6.33%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 1.29B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$13.43

8.83% upside
Past 12 months12-month forecastHigh $16.00Average $13.43Low $12.00

Rating distribution

53 ratings
Strong buy12%
Buy2853%
Hold1834%
Sell611%
Strong sell00%

Recent analyst actions

12 institutions

PTEN news

accessnewswire.com

Patterson-UTI Reports Drilling Activity for July 2026

HOUSTON, TX / ACCESS Newswire / August 14, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of July 2026, the Company had an average of 98 drilling rigs operating in the United States.

Read source
zacks.com

Oil Above $80: 2 Energy Stocks You Don't Want to Miss

Oil above $80 is boosting the outlook for Patterson-UTI and Cactus as Middle East tensions support crude prices and upstream activity.

Read source
zacks.com

3 Oil & Gas Drilling Stocks Bucking a Bearish Industry Trend

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like PTEN, NBR and HP.

Read source
zacks.com

Does Patterson-UTI (PTEN) Have the Potential to Rally 37.91% as Wall Street Analysts Expect?

The mean of analysts' price targets for Patterson-UTI (PTEN) points to a 37.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising…

Read source
zacks.com

Should Value Investors Buy PattersonUTI Energy (PTEN) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and…

Read source
zacks.com

Are Oils-Energy Stocks Lagging PattersonUTI Energy (PTEN) This Year?

Here is how Patterson-UTI (PTEN) and SunCoke Energy (SXC) have performed compared to their sector so far this year.

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.32

2025 complete year+300.0% since 2021

2026 partial: $0.20

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 1, 2026

$0.10

Quarterly

Record Sep 1, 2026 · Payment Sep 15, 2026

Dividend

Ex-dividend Jun 1, 2026

$0.10

Quarterly

Record Jun 1, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Mar 2, 2026

$0.10

Quarterly

Record Mar 2, 2026 · Payment Mar 16, 2026

Dividend

Ex-dividend Dec 1, 2025

$0.08

Quarterly

Record Dec 1, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Sep 2, 2025

$0.08

Quarterly

Record Sep 2, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend Jun 2, 2025

$0.08

Quarterly

Record Jun 2, 2025 · Payment Jun 16, 2025

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ETFs holding PTEN

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
256.58M
Weight
0.23%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
176.51M
Weight
0.57%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
126.84M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
109.43M
Weight
0.14%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
91.52M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
VanEck Oil Services ETF logoVanEck Oil Services ETFOIH
Market value
67.82M
Weight
3.43%
AUM
1.97B USD
Expense ratio
0.35%
Price / 1D
$415.33-0.18%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
58.09M
Weight
0.08%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
41.71M
Weight
0.04%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%

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