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PTENPatterson-UTI Energy, Inc.
$11.07$4.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
PTEN logo

Patterson-UTI Energy, Inc.

PTEN
NASDAQ · Oil & Gas Drilling
$11.07
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$4.2B
P/E-46.1x
52W High$13.39
Volume6.45M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Recovery Masks Persistent Cash Flow Volatility

Patterson-UTI Energy is emerging from a cyclical trough, with gross margins recovering to 22.9% in 2026Q2 from 2.3% a year earlier, yet operating margins remain negative at -0.6%, indicating that pricing power has not fully returned. The company's balance shee...

GrowthDecelerating
ProfitabilityWeak
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

PTEN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-308% Peers

P/E is 308% below peer median

03

Market leadership

RS 84 · Leader

High momentum (Outperforming 84% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PTEN+75.73%
S&P 500 (^GSPC)+12.39%
1-Year Return
PTEN+108.56%
S&P 500 (^GSPC)+15.77%
3-Year Return
PTEN-17.36%
S&P 500 (^GSPC)+75.43%
5-Year Return
PTEN+46.61%
S&P 500 (^GSPC)+60.23%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-46.1x
Forward P/E
N/A
EV/EBITDA40th %ile
5.5x
FCF YieldCash Flow
8.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-46.1x
24.1x
0th· Low
EV/EBITDA
5.5x
6.4x
40th· Fair
Price/FCF
11.3x
7.8x
75th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$23.76+114.6%
Base (Fair)$35.18+198.9%
Bull$61.38+454.5%
$23.76 Bear$35.18 Base$61.38 Bull
Current Market Price: $11.07
Trades at a 68.5% discount to Base DCF ($35.18)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$4.83B-10.3% YoY
Net income
-$94M+90.3% YoY
Free cash flow
$372M-25.1% YoY
Operating margin
-0.5%+16.0 pts YoY
ROIC (TTM)-0.4%
Avg ROIC 5Y-
ROE (TTM)-2.8%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.00+106.1%
vs -$0.04
$1.2B+6.3%
vs $1.2B
Q2 2026
Apr 22, 2026
-$0.06+40.0%
vs -$0.10
$1.1B+1.4%
vs $1.1B
Q1 2026
Feb 4, 2026
-$0.02+81.8%
vs -$0.11
$1.2B+3.6%
vs $1.1B
Q4 2025
Oct 22, 2025
-$0.06+40.0%
vs -$0.10
$1.2B+0.3%
vs $1.2B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Accesswire·Sep 7, 2026
Patterson-UTI Reports Drilling Activity for August 2026

HOUSTON, TX / ACCESS Newswire / September 7, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2026, the Company had an average of 101 drilling rigs operating in the United States.

Defense World·Sep 5, 2026
Patterson-UTI Energy, Inc. $PTEN Shares Acquired by AXQ Capital LP

AXQ Capital LP grew its holdings in shares of Patterson-UTI Energy, Inc. (NASDAQ: PTEN) by 523.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 193,949 shares of the oil and gas company's stock after acquiring an additional 162,832 shares during the quarter. AXQ Capital LP

Zacks Investment Research·Aug 28, 2026
Why Is Patterson-UTI (PTEN) Up 24.5% Since Last Earnings Report?

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?

GuruFocus·Aug 27, 2026
Patterson-UTI Energy Inc (PTEN) Shares Surge 4.4% -- What GF Score of 60 Tells Investors

On August 27, 2026, Patterson-UTI Energy Inc (PTEN) shares rose 4.4% to $12.26, continuing a strong upward trend over the past month. The stock has seen signifi

Filtered for Patterson-UTI Energy, Inc.More Headlines
04

Compare before deciding

Benchmark PTEN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Patterson-UTI Energy, Inc. (PTEN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PTEN logoPTENPatterson-UTI Energy, Inc.Current
$11.07$4.2B-46.13-10.25%-1.94%-2.79%2.88%
HP logoHPHelmerich & Payne, Inc.
$39.56$3.95B-23.8335.89%-3.44%-5.08%—
NBR logoNBRNabors Industries Ltd.
$83.02$1.23B4.848.69%6.52%14.25%—
PD logoPDPagerDuty, Inc.
$14.83$1.35B7.935.36%36.91%67.3%—
NINE logoNINENine Energy Service, Inc.
$8.96$124.99M-7.171.41%12.66%514.81%—
SLB logoSLBSlb N.V.
$51.87$77.55B22.07-1.6%8.46%11.31%—

Compare PTEN vs Peers

Patterson-UTI Energy, Inc. (PTEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HP

Most directly comparable listed peer for PTEN.

Scale Benchmark

vs XOM

Larger-name benchmark to compare PTEN against a more recognizable public peer.

Peer Set

Compare Top 5

vs HP, NBR, PD, NINE

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PTEN SEC Filings & Documents

Patterson-UTI Energy, Inc. (PTEN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jun 4, 2026·SEC

Material company update

May 26, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 10, 2026·SEC

FY 2025

Feb 11, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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PTEN Frequently Asked Questions

Patterson-UTI Energy, Inc. (PTEN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Patterson-UTI Energy, Inc.'s revenue?

Patterson-UTI Energy, Inc. (PTEN) reported $4.67B in revenue for fiscal year 2025. This represents a 5482% increase from $83.7M in 1996.

How fast is Patterson-UTI Energy, Inc. growing?

Patterson-UTI Energy, Inc. (PTEN) saw revenue decline by 10.3% over the past year.

Is PTEN profitable?

Patterson-UTI Energy, Inc. (PTEN) reported a net loss of $89.7M for fiscal year 2025.

Dividend & Returns
Does PTEN pay dividends?

Yes, Patterson-UTI Energy, Inc. (PTEN) pays a dividend with a yield of 2.88%. This makes it attractive for income-focused investors.

What is PTEN's return on equity?

Patterson-UTI Energy, Inc. (PTEN) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.

What is Patterson-UTI Energy, Inc.'s free cash flow?

Patterson-UTI Energy, Inc. (PTEN) generated $177.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in PTEN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →