Patterson-UTI Energy, Inc. (PTEN)
| Market Cap | 4.39B +96.3% |
| Revenue (ttm) | 4.67B -6.9% |
| Net Income | -89.73M |
| EPS | -0.24 |
| Shares Out | 381.38M |
| PE Ratio | n/a |
| Forward PE | 61.94 |
| Dividend | $0.40 (3.47%) |
| Ex-Dividend Date | Sep 1, 2026 |
| Volume | 9,625,556 |
| Open | 11.53 |
| Previous Close | 11.86 |
| Day's Range | 11.41 - 11.72 |
| 52-Week Range | 5.10 - 13.08 |
| Beta | 0.65 |
| Analysts | Buy |
| Price Target | 13.86 (+20.31%) |
| Earnings Date | Jul 29, 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]
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 StatementsAnalyst Summary
According to 15 analysts, the average rating for PTEN stock is "Buy." The 12-month stock price target is $13.86, which is an increase of 20.31% from the latest price.
News
Patterson-UTI price target raised to $13 from $12.50 at BofA
BofA raised the firm’s price target on Patterson-UTI (PTEN) to $13 from $12.50 and keeps a Buy rating on the shares. The firm updated models in the oilfield services space…
Patterson-UTI price target raised to $12 from $11 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Patterson-UTI (PTEN) to $12 from $11 and keeps an Equal Weight rating on the shares. Oilfield Services and Equipment stocks outperformed through…
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 t...
Patterson-UTI price target raised to $16 from $15 at Barclays
Barclays raised the firm’s price target on Patterson-UTI (PTEN) to $16 from $15 and keeps an Overweight rating on the shares. The firm updated the company’s model post the Q2…
Patterson-UTI price target raised to $13 from $12 at Susquehanna
Susquehanna raised the firm’s price target on Patterson-UTI (PTEN) to $13 from $12 and keeps a Positive rating on the shares. The firm updated it estimates following the 2Q26 earnings…
Patterson-UTI upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Patterson-UTI (PTEN) to Neutral from Underweight with a price target of $12, up from $10. The company reported a “strong beat and raise” Q2 with strength across the…
Patterson-UTI Energy Earnings Call Transcript: Q2 2026
Q2 2026 saw 10% sequential revenue growth to $1.23B, driven by strong demand and pricing for high-spec rigs and gas-powered completion equipment. Strategic investments and fleet upgrades are underway, with free cash flow and margins expected to improve in H2 2026 and 2027.
Patterson-UTI Energy Earnings release: Q2 2026
Patterson-UTI Energy released its Q2 2026 earnings on July 30, 2026, summarizing the period's financial results.
Patterson-UTI Energy Quarterly report: Q2 2026
Patterson-UTI Energy has published its Q2 2026 quarterly earnings report on July 30, 2026.
Patterson-UTI still sees 2026 CapEx $600M
17:14 EDT Patterson-UTI (PTEN) still sees 2026 CapEx $600M
Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2026
HOUSTON, TX / ACCESS Newswire / July 29, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2026.
Patterson-UTI price target raised to $11 from $10 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Patterson-UTI (PTEN) to $11 from $10 and keeps an Equal Weight rating on the shares. Into Q2 results, the firm is about…
Patterson-UTI price target lowered to $12.50 from $13.50 at BofA
BofA lowered the firm’s price target on Patterson-UTI (PTEN) to $12.50 from $13.50 and keeps a Buy rating on the shares. The firm updated estimates and targets as part of…
Patterson-UTI upgraded to Overweight from Neutral at Piper Sandler
Piper Sandler upgraded Patterson-UTI (PTEN) to Overweight from Neutral with an unchanged price target of $13. The firm likes the entry point with the stock down over 20% from the…
Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
HOUSTON, TX / ACCESS Newswire / July 9, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 30, 2026, at 9:00 a.m.
Patterson-UTI price target lowered to $12 from $14 at Susquehanna
Susquehanna analyst Charles Minervino lowered the firm’s price target on Patterson-UTI (PTEN) to $12 from $14 and keeps a Positive rating on the shares. The firm updated its model ahead…
Patterson-UTI reports June drilling activity
Patterson-UTI (PTEN) reported that for the month of June, the company had an average of 95 drilling rigs operating in the United States. For the three months ended June 30,…
Patterson-UTI Reports Drilling Activity for June 2026
HOUSTON, TX / ACCESS Newswire / July 6, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of June 2026, the Company had an average of 95 drilling rigs operating in the ...
Patterson-UTI price target lowered to $10.50 from $11 at Citi
Citi lowered the firm’s price target on Patterson-UTI (PTEN) to $10.50 from $11 and keeps a Neutral rating on the shares. The firm updated models in the land driller group,…
Patterson-UTI price target raised to $15 from $14 at Stifel
Stifel analyst Stephen Gengaro raised the firm’s price target on Patterson-UTI (PTEN) to $15 from $14 and keeps a Buy rating on the shares. The firm is increasing its 2026-27…
Patterson-UTI Reports Drilling Activity for May 2026
HOUSTON, TX / ACCESS Newswire / June 5, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2026, the Company had an average of 92 drilling rigs operating in the U...
Patterson-UTI price target lowered to $13 from $23 at Goldman Sachs
Goldman Sachs lowered the firm’s price target on Patterson-UTI (PTEN) to $13 from $23 and keeps a Buy rating on the shares. The firm views the company’s recently increased guidance…
Patterson-UTI price target raised to $15 from $14 at RBC Capital
RBC Capital raised the firm’s price target on Patterson-UTI (PTEN) to $15 from $14 and keeps an Outperform rating on the shares after hosting meetings with its management team. The…
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…
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…