Patterson-UTI Energy, Inc. (PTEN)

NASDAQ: PTEN · Real-Time Price · USD
11.48
-0.64 (-5.28%)
At close: May 27, 2026, 4:00 PM EDT
11.49
+0.01 (0.09%)
After-hours: May 27, 2026, 7:30 PM EDT
Market Cap4.36B +78.7%
Revenue (ttm)4.66B -9.4%
Net Income-119.27M
EPS-0.31
Shares Out 379.62M
PE Ration/a
Forward PEn/a
Dividend$0.40 (3.48%)
Ex-Dividend DateJun 1, 2026
Volume9,094,117
Open11.83
Previous Close12.12
Day's Range11.42 - 11.83
52-Week Range5.10 - 13.08
Beta0.65
AnalystsBuy
Price Target12.75 (+11.06%)
Earnings DateApr 22, 2026

About PTEN

Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision of contract and directional drilling, and measurement-while-drilling (MWD) services in onshore oil and natural gas basins; supply and rental of downhole performance motor... [Read more]

Sector Energy
IPO Date Nov 2, 1993
Employees 7,900
Stock Exchange NASDAQ
Ticker Symbol PTEN
Full Company Profile

Financial Performance

In 2025, Patterson-UTI Energy's revenue was $4.83 billion, a decrease of -10.25% compared to the previous year's $5.38 billion. Losses were -$93.64 million, -90.33% less than in 2024.

Financial Statements

Analyst Summary

According to 15 analysts, the average rating for PTEN stock is "Buy." The 12-month stock price target is $12.75, which is an increase of 11.06% from the latest price.

Price Target
$12.75
(11.06% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Patterson-UTI price target raised to $14 from $13 at Susquehanna

Susquehanna raised the firm’s price target on Patterson-UTI (PTEN) to $14 from $13 and keeps a Positive rating on the shares. The firm updated its model and raised its 2Q26…

15 hours ago - TheFly

Patterson-UTI price target raised to $13 from $12 at Piper Sandler

Piper Sandler raised the firm’s price target on Patterson-UTI (PTEN) to $13 from $12 and keeps a Neutral rating on the shares. The firm notes the company published an investor…

15 hours ago - TheFly

Patterson-UTI Energy Slides: Investor presentation

Patterson-UTI Energy has posted slides in relation to its latest quarterly earnings report, which was published on May 23, 2026.

4 days ago - Filings

Patterson-UTI price target raised to $13.50 from $12 at BofA

BofA analyst Saurabh Pant raised the firm’s price target on Patterson-UTI (PTEN) to $13.50 from $12 and keeps a Buy rating on the shares. The firm, which is updating its…

8 days ago - TheFly

Patterson-UTI upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Patterson-UTI (PTEN) to Overweight from Equal Weight with a price target of $15, up from $10. The firm adjusted ratings and price targets in the energy services group,…

20 days ago - TheFly

Patterson-UTI reports an average of 88 drilling rigs in U.S. in April

Patterson-UTI (PTEN) reported that for the month of April, the company had an average of 88 drilling rigs operating in the United States.

21 days ago - TheFly

Patterson-UTI Reports Drilling Activity for April 2026

HOUSTON, TX / ACCESS Newswire / May 6, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2026, the Company had an average of 88 drilling rigs operating in the ...

21 days ago - Accesswire

Patterson-UTI price target raised to $10 from $8 at Barclays

Barclays raised the firm’s price target on Patterson-UTI (PTEN) to $10 from $8 and keeps an Equal Weight rating on the shares post the Q1 report. While the U.S. onshore…

4 weeks ago - TheFly

Patterson-UTI price target raised to $14 from $11 at Stifel

Stifel raised the firm’s price target on Patterson-UTI (PTEN) to $14 from $11 and keeps a Buy rating on the shares.

4 weeks ago - TheFly

Patterson-UTI price target raised to $14 from $12 at RBC Capital

RBC Capital analyst Keith Mackey raised the firm’s price target on Patterson-UTI (PTEN) to $14 from $12 and keeps an Outperform rating on the shares. The company reported solid results…

4 weeks ago - TheFly

Patterson-UTI Energy Earnings Call Transcript: Q1 2026

Q1 2026 saw strong operational execution and technology-driven performance, with revenue of $1.117B and adjusted EBITDA of $205M. Market conditions are improving, with higher U.S. shale activity expected and disciplined capital allocation focused on technology and shareholder returns.

4 weeks ago - Transcripts

Patterson-UTI Energy Earnings release: Q1 2026

Patterson-UTI Energy released its Q1 2026 earnings on April 23, 2026, summarizing the period's financial results.

4 weeks ago - Filings

Patterson-UTI Energy Quarterly report: Q1 2026

Patterson-UTI Energy has published its Q1 2026 quarterly earnings report on April 23, 2026.

4 weeks ago - Filings

Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2026

HOUSTON, TX / ACCESS Newswire / April 22, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2026.

5 weeks ago - Accesswire

Patterson-UTI options imply 5.9% move in share price post-earnings

Pre-earnings options volume in Patterson-UTI (PTEN) is normal with calls leading puts 21:1. Implied volatility suggests the market is anticipating a move near 5.9%, or 65c, after results are released.

5 weeks ago - TheFly

Patterson-UTI upgraded to Overweight from Equalweight at Capital One

Capital One upgraded Patterson-UTI (PTEN) to Overweight from Equalweight with a price target of $12, up from $10.

5 weeks ago - TheFly

Patterson-UTI price target raised to $11 from $9 at Citi

Citi raised the firm’s price target on Patterson-UTI (PTEN) to $11 from $9 and keeps a Neutral rating on the shares. The firm adjusted targets in the oil and gas…

6 weeks ago - TheFly

Patterson-UTI price target raised to $10 from $7 at Morgan Stanley

Morgan Stanley analyst Joe Laetsch raised the firm’s price target on Patterson-UTI (PTEN) to $10 from $7 and keeps an Equal Weight rating on the shares. Beyond the Middle East…

6 weeks ago - TheFly

Patterson-UTI price target raised to $10 from $9 at Piper Sandler

Piper Sandler raised the firm’s price target on Patterson-UTI (PTEN) to $10 from $9 and keeps a Neutral rating on the shares. The firm says that over the past six…

6 weeks ago - TheFly

Patterson-UTI Energy Proxy statement: Proxy filing

Patterson-UTI Energy filed a proxy statement on April 13, 2026, providing details for shareholder voting and corporate governance matters.

6 weeks ago - Filings

Patterson-UTI Energy Proxy statement: Proxy filing

Patterson-UTI Energy filed a proxy statement on April 13, 2026, providing details for shareholder voting and corporate governance matters.

6 weeks ago - Filings

Patterson-UTI falls -11.3%

Patterson-UTI (PTEN) is down -11.3%, or -$1.26 to $9.96.

7 weeks ago - TheFly

Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast

HOUSTON, TX / ACCESS Newswire / April 7, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, April 23, 2026, at 9:00 a.m.

7 weeks ago - Accesswire

Patterson-UTI Reports Drilling Activity for March 2026

HOUSTON, TX / ACCESS Newswire / April 6, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2026, the Company had an average of 90 drilling rigs operating in th...

7 weeks ago - Accesswire

Patterson-UTI Reports Drilling Activity for February 2026

HOUSTON, TX / ACCESS Newswire / March 4, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2026, the Company had an average of 93 drilling rigs operating in...

3 months ago - Accesswire