Patterson-UTI Energy/$PTEN

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About Patterson-UTI Energy

Patterson-UTI Energy Inc is one of the substantial land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. The company operates under three reportable business segments: (i) drilling services, (ii) completion services, and (iii) drilling products. It also provides directional drilling services and tool rental services in united states onshore oil and gas basins.

Ticker

$PTEN
Sector
Primary listing

Industry

Energy Equipment & Services

Employees

9,200

ISIN

US7034811015

PTEN Metrics

BasicAdvanced
$2.5B
-
-$2.61
1.34
$0.32
4.97%

What the Analysts think about PTEN

Analyst ratings (Buy, Hold, Sell) for Patterson-UTI Energy stock.

Bulls say / Bears say

Patterson-UTI Energy reported breakeven adjusted earnings per share for Q1 2025, outperforming the expected loss of 4 cents, driven by an 11.2% year-over-year reduction in costs and expenses. (finviz.com)
The company successfully reduced net debt, including leases, by almost $100 million, strengthening its financial position. (tipranks.com)
Patterson-UTI introduced new fuel gas technology that allows customers to utilize more trapped fuel gas, addressing challenges related to fuel gas quality and contributing to reduced diesel displacement. (tipranks.com)
The company reported a net loss of $52 million, or $0.13 per share, attributable to common shareholders in Q4 2024, reflecting ongoing industry challenges. (tipranks.com)
Significant pricing pressures in the completions business are expected to persist into the early quarters of 2025, potentially impacting profitability. (tipranks.com)
Barclays lowered Patterson-UTI Energy's price target to $8.00 in April 2025, indicating a less optimistic outlook from analysts. (marketbeat.com)
Data summarised monthly by Lightyear AI. Last updated on 9 Jun 2025.

PTEN Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

PTEN Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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