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

Employees

9,200

PTEN Metrics

BasicAdvanced
$2.2B
-
-$2.78
1.23
$0.32
5.51%

What the Analysts think about PTEN

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

Bulls say / Bears say

Patterson-UTI Energy’s $1.76 billion acquisition of Seventy Seven Energy in August strengthens its pressure pumping segment and enhances its completions market share in North America (Reuters)
The U.S. oil and gas rig count rose by seven to 549 rigs, highest since June, indicating a rebound in drilling activity that could drive increased utilization of Patterson-UTI’s drilling fleet (Reuters)
As Nextier Oilfield Solutions—now merging with Patterson-UTI—forecasts a recovery in U.S. fracking activity next year amid equipment shortages, Patterson-UTI’s 20% completions market share positions it to benefit from pricing power and strong demand (Reuters)
Despite a weekly uptick, U.S. gas rig count fell by one rig to 117, the lowest since July, potentially dampening demand for Patterson-UTI’s completions services in gas-weighted basins (Reuters)
The Permian Basin rig count dipped by one rig to 253, its lowest level since September 2021, suggesting continued headwinds for Patterson-UTI’s core drilling services in that key region (Reuters)
The total U.S. oil and gas rig count remains 6% below year-ago levels despite recent gains, reflecting a lingering slowdown that may constrain Patterson-UTI’s revenue growth (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 3 Oct 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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