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Patterson-UTI Energy, Inc. PTEN

Energy — Oil & Gas Drilling
Dividend Champion (5y)
Growth Flags show if company had growth for consecutive years

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Insider Decisions

Total sells
30.91
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — 1 — 1 2 — 4 2 — 1 3
Insider Ownership
2.14%

Capital & Financial Ratios

Market Cap
4,590.00
Revenue
4,672.07
Net Income
(89.40)
Free Cash Flow
208.38
Net Debt
1,032.19
Current Ratio
1.75
Debt/Equity
0.40
P/E ratio
0.00
P/S ratio
0.98
P/B ratio
1.47
Past 5Y EPS Growth
(3.06%)
This Y EPS Growth
94.39%
Next Y EPS Growth
2,304.61%
Next 5Y EPS Growth
14.38%
in millions of $

Dividends

Payout Ratio
0.18
Annual Dividend Rate
0.32
Annual Dividend Yield
3.05%
total individual payouts
2028 ‡‡‡‡
2027 ‡‡‡‡‡
2026 0.40
—
—
—
2025 0.32
—
—
—
—
2024 0.32
—
—
—
—
2023 0.32
—
—
—
—
2022 0.20
—
—
—
—
2021 0.08
—
—
—
—
2020 0.10
—
—
—
—
2019 0.16
—
—
—
—
2018 0.14
—
—
—
—
2017 0.08
—
—
—
—
2016 0.16
—
—
—
—
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 192.68 241.29 420.64 203.17
Receivables 971.09 763.81 723.28 919.67
Inventory 180.81 167.02 160.28 140.75
Other 141.12 123.19 113.89 108.60
1,485.70 1,295.32 1,418.09 1,372.19
2023 2024 2025 Q'26
Payables 534.42 421.32 470.78 513.17
ST’ Debt 12.23 6.39 — —
Other — 34.92 26.37 22.64
1,050.44 841.99 863.64 784.15
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡ ‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 1,117.33 1,227.97 — —
—
’25 1,280.54 1,219.32 1,175.95 1,150.81
4,826.62
’24 1,510.36 1,348.19 1,357.22 1,162.14
5,377.91
’23 791.80 758.89 1,011.45 1,584.32
4,146.46
’22 509.38 622.24 727.50 788.48
2,647.59
’21 240.93 291.77 357.89 466.49
1,357.08
’20 445.93 250.38 207.14 220.80
1,124.25
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 63.86 56.08 — —
—
’25 208.14 139.75 215.80 397.53
961.22
’24 365.89 197.52 296.29 315.83
1,175.54
’23 234.35 162.86 156.08 452.63
1,005.91
’22 33.67 51.34 178.23 302.94
566.19
’21 8.62 35.58 7.40 43.90
95.50
’20 73.29 146.04 63.95 (4.43)
278.86
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 (40.55) (97.18) — —
—
’25 50.69 19.51 76.14 269.98
416.31
’24 141.34 73.95 121.07 186.63
522.98
’23 118.01 36.99 7.43 254.27
416.70
’22 (57.58) (33.26) 56.83 189.47
155.47
’21 (7.19) 9.96 (21.45) (28.80)
(47.48)
’20 5.64 99.35 61.04 (11.73)
154.31
in millions of $

EPS

Mar Jun Sep Dec Year
’26 (0.06) (0.05) — —
—
’25 0.00 (0.13) (0.10) (0.02)
(0.24)
’24 0.13 0.03 (2.50) (0.13)
(2.44)
’23 0.46 0.40 0.00 0.15
0.88
’22 (0.13) 0.10 0.28 0.46
0.70
’21 (0.57) (0.55) (0.44) (1.68)
(3.36)
’20 (2.28) (0.81) (0.60) (0.57)
(4.27)

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

2.1
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 8.44 9.70 7.15 5.10 — — —
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 20.53 17.86 12.65 9.57 — — —
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6,500 10,600 9,200 7,900 — — —
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.41 0.39 0.58 0.61 — — —
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2,647.59 4,146.46 5,377.91 4,826.62 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 30.26% 32.20% 27.11% 24.24% — — —
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 167.86 307.10 (956.95) (102.99) ‡‡‡‡‡ — —
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6.34% 7.41% (17.79%) (2.13%) ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 154.66 245.95 (966.40) (93.05) ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 483.95 731.42 2,057.11 940.26 — — —
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.26 14.84 13.54 12.59 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.72 0.88 (2.44) (0.24) ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.62 3.60 2.96 2.51 ‡‡‡‡ — —
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.90) (2.11) (1.64) (1.42) ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.72 1.49 1.32 1.09 — — —
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7.71 17.25 8.75 8.41 ‡‡‡‡‡ — —
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 215.94 279.50 397.20 383.47 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ 22.11 10.51 0.00 0.00 ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.28 0.73 0.61 0.49 ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.04 0.63 0.94 0.73 ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.54 0.99 0.80 0.65 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 26.30 9.80 8.18 7.57 — — —
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 566.19 1,005.91 1,175.54 961.22 ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (410.72) (589.22) (652.55) (544.91) ‡‡‡‡‡ ‡‡‡‡‡ —
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 155.47 416.70 522.98 416.31 ‡‡‡‡‡ — —
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 278.45 435.26 453.32 554.45 — — —
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 835.94 1,250.12 1,236.37 1,226.49 — — —
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 698.38 1,057.44 995.08 805.85 — — —
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,665.52 4,820.68 3,475.84 3,224.72 — — —
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.07% 4.66% (14.61%) (1.64%) ‡‡‡‡‡ — —
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.58% 3.74% (12.44%) (0.63%) — — —
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9.44% 7.59% (23.34%) (2.79%) ‡‡‡‡‡ — —
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Patterson-UTI Energy (PTEN) embodies the oilfield services industry’s ruthless cycles, where post-shale booms and mergers like the 2023 NexTier deal masked dilution and debt, only for 2024’s bust to unleash $966 million losses and a 377% EPS plunge to -$2.44. Revenue per share held steady at $13-14, but massive depreciation hikes and capex drags flipped profits to deep red, cratering ROE to -23% and exposing hypersensitivity to WTI crude’s slide below $70. Cheap valuations—PS at 0.49, PB at 0.73—scream bargain, yet insider selling totaling $6.44 million dwarfs the CEO’s modest buy, signaling caution amid analyst complacency.

Projections paint a tepid 2025: 10% revenue drop to $4.83 billion, persistent losses (-$0.24 EPS), and breakeven margins hinging on elusive merger synergies and OPEC stability. Balance sheet strains from 42% share inflation and $1.24 billion debt leave little room for error, as Permian saturation and energy transition loom. Is PTEN a multi-bagger recovery or a value trap waiting for the next downturn?

Dive into the full analysis for the data-driven narrative on why this siren-song cheapness demands skepticism in a sector where history rhymes viciously.

Read full commentary →

Patterson-UTI Energy, Inc. (PTEN) Latest News

News by impact score

Fine-tune

28 Aug

3 , 11:30 AM
Patterson-UTI Energy (PTEN) shares rose 24.5% since the last earnings report on positive market reaction to results and sector conditions. Post-earnings stock gain reflects moderate influence on near-term sentiment without altering long-term fundamentals.

25 Aug

3 , 8:46 AM
Patterson-UTI Energy reported Q2 earnings with revenue and rig count details that prompt a hold recommendation, as operational results show limited growth amid stable but pressured energy services demand. Post-earnings analysis offers moderate insight into operational metrics without signaling major trajectory changes.

4 Aug

4 , 10:15 AM
PTEN shares rise 20% over the past month as rig pricing strengthens and demand increases. Strengthening rig pricing and demand improve PTEN revenue outlook and operational trajectory.

3 , 12:05 AM
Patterson-UTI Energy sees strong demand for premium equipment in Q2 along with pricing recovery and ongoing strategic investments that shape its outlook. Premium equipment demand and pricing recovery directly influence PTEN revenue and margins.

3 Aug

3 , 10:32 AM
Patterson-UTI Energy Q2 earnings and revenues exceeded estimates. Q2 earnings and revenue beats reflect stronger financial results than expected.

1 Aug

3 , 8:13 AM
Patterson-UTI Energy (PTEN) beat Q2 estimates. Analysis questions whether a 21% undervaluation is justified for the stock. Beating quarterly estimates prompts valuation reassessment and affects near-term stock trajectory.

30 Jul

3 , 5:06 PM
Patterson-UTI Energy Inc posted strong revenue growth in its Q2 2026 earnings call highlights. Strong Q2 2026 revenue growth indicates moderately positive effects on financial performance and market sentiment.

3 www.marketbeat.com, 3:04 PM
Patterson-UTI Energy Q2 earnings call covered financial results, operational metrics, and management commentary on drilling activity and market conditions. Q2 earnings updates offer financial and operational details that can shift near-term investor sentiment without altering long-term company direction.

3 transcript app.moby.co, 8:30 AM
Patterson-UTI Energy held its Q2 2026 earnings call covering financial results, operational updates, and outlook for drilling and completion services. Quarterly earnings updates typically influence near-term sentiment and valuation without fundamentally shifting long-term strategy.

29 Jul

3 , 7:30 PM
Patterson-UTI Energy posted Q2 results with key operating and financial metrics measured against Wall Street estimates, covering revenue, earnings per share, rig counts, and completion activity. Quarterly earnings versus estimates directly shape near-term stock reaction and valuation multiples for PTEN.

3 , 6:40 PM
Patterson-UTI Energy exceeded sales expectations in Q2 CY2026. Sales beat moderately influences financial outlook and investor views.

3 , 5:10 PM
Patterson-UTI Energy reported financial results for the quarter ended June 30, 2026. Quarterly earnings release supplies performance data that can shift near-term investor views without guaranteeing major strategic shifts.

15 Jul

3 , 10:00 AM
Patterson-UTI Energy (PTEN) is expected to beat Q2 earnings estimates, with analysis of key factors ahead of the release. Pre-release earnings beat expectations can moderately shift investor sentiment and near-term stock performance.

14 Jul

3 , 9:30 AM
Piper Sandler raised ratings on Patterson-UTI Energy citing stronger U.S. land drilling outlook. Analyst upgrade on improved U.S. land outlook may lift short-term PTEN stock sentiment.

4 Jul

3 , 4:08 PM
Patterson-UTI Energy stock fell 9.7% after Q1 earnings beat expectations yet faced a cautious demand outlook. Q1 beat offset by cautious outlook triggered immediate stock decline with moderate ongoing effects on sentiment.

3 , 12:14 AM
Analysts raised earnings estimates for Patterson-UTI Energy, resulting in an upward adjustment to the stock's fair value. Analyst earnings upgrades produce moderate short-term sentiment shifts for PTEN without signaling major operational or strategic shifts.

20 Jun

3 , 9:17 PM
Stifel raised its price target for Patterson-UTI Energy (PTEN) after the company issued improved Q2 guidance. Improved Q2 guidance triggered an analyst price target lift that may moderately influence short-term investor sentiment and stock trajectory.

17 Jun

3 , 4:00 AM
Piper Sandler raised its price target on Patterson-UTI Energy after an improved U.S. shale outlook. Analyst price target increase may lift short-term PTEN investor sentiment without changing company operations.

27 May

4 StockStory, 12:49 PM
Patterson-UTI Energy reported Q1 earnings, leading to analysis weighing buy, sell or hold decisions based on financial results, operational metrics and sector conditions. Post-earnings analysis directly shapes investor sentiment and near-term stock trajectory for PTEN.

24 May

3 Simply Wall St., 10:09 PM
PTEN beat earnings expectations and announced a new dividend, prompting updated valuation assessment of the company. Earnings beat and new dividend indicate positive financial signals that may lift near-term stock sentiment without reshaping long-term operations.

9 May

4 Insider Monkey, 9:10 AM
Analysts raised the price target for Patterson-UTI Energy (PTEN) after the company reported better-than-expected Q1 results. Better-than-expected Q1 results led to a raised price target, signaling significant positive impact on investor sentiment and market performance.

3 Simply Wall St., 11:13 PM
Patterson-UTI Energy, Inc. (PTEN) recast its debt, exposing a substantial valuation gap between market price and intrinsic value while flagging elevated earnings risks amid operational pressures. Debt recast provides financial flexibility but amplifies earnings risks and valuation discrepancies affecting investor confidence.

25 Apr

4 Simply Wall St., 7:04 AM
Patterson-UTI Energy (PTEN) shares surged 20.3% after Q1 results beat analyst estimates despite a reported net loss. Beating Q1 estimates sparked a 20.3% stock jump despite net loss, signaling major boost to investor sentiment and near-term performance.

24 Apr

4 Zacks, 11:24 AM
Patterson-UTI Energy, Inc. (PTEN) Q1 earnings and revenues beat analyst estimates. Beating Q1 earnings estimates enhances financial outlook and investor sentiment, potentially driving significant stock performance gains.

4 StockStory, 7:25 AM
Patterson-UTI Energy (PTEN) Q1 results show tight equipment markets driving demand and upgraded fleets improving efficiency, fostering optimistic oilfield outlook. Tight equipment markets and upgraded fleets signal major shifts in supply-demand dynamics and operational competitiveness for PTEN.

4 GuruFocus.com, 3:12 AM
Patterson-UTI Energy Inc. (PTEN) Q1 2026 earnings call highlights navigating industry challenges amid drilling activity declines, pricing pressures, and supply chain issues, with adjusted EBITDA at $300 million and full-year guidance maintained. Q1 2026 earnings highlights detail operational challenges and maintained guidance, poised to significantly sway investor sentiment and stock trajectory.

23 Apr

4 www.marketbeat.com, 4:37 PM
Patterson-UTI Energy released Q1 earnings call highlights detailing financial performance, operational updates, and forward outlook. Q1 earnings highlights reveal financial results and guidance that significantly influence PTEN's stock trajectory and investor sentiment.

4 transcript www.fool.com, 11:48 AM
Patterson-UTI Energy, Inc. (PTEN) released the Q1 2026 earnings call transcript detailing quarterly financial results, operational updates, and management guidance. Q1 2026 earnings transcript reveals financial performance, operational metrics, and future outlook that could significantly sway PTEN's stock trajectory and investor confidence.

4 app.moby.co, 8:30 AM
Patterson-UTI Energy, Inc. (PTEN) released its Q1 2026 earnings call summary, covering financial results, operational performance, market conditions, and forward guidance. Quarterly earnings call summaries disclose critical financials, rig utilization, pricing, and outlook that drive significant stock volatility and investor decisions.

4 StockStory, 4:51 AM
Patterson-UTI (NASDAQ:PTEN) beat Q1 CY2026 sales expectations. Beating sales expectations indicates strong revenue performance, likely driving positive stock reaction and enhanced investor confidence.
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