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 and Services

Employees

9,200

PTEN Metrics

BasicAdvanced
$2.3B
-
-$2.78
1.32
$0.32
5.41%

What the Analysts think about PTEN

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

Bulls say / Bears say

Patterson-UTI Energy's acquisition of Ulterra for $370 million in cash and 34.9 million shares is expected to enhance its drilling services portfolio and strengthen its market position. (Houston Chronicle)
The company has maintained dividend payments for 21 consecutive years, currently offering a 3.71% dividend yield, demonstrating a strong commitment to shareholder returns. (Investing.com)
Stifel analysts have maintained a 'Buy' rating and a $13.00 price target on Patterson-UTI Energy, reflecting confidence in the company's future performance. (Investing.com)
Susquehanna has reduced Patterson-UTI Energy's price target to $9.00, indicating potential concerns about the company's near-term prospects. (MarketBeat)
Morgan Stanley lowered its price target for Patterson-UTI Energy to $7.00, suggesting a more cautious outlook on the company's stock performance. (American Banking and Market News)
Barclays issued a pessimistic forecast for Patterson-UTI Energy's stock price, reflecting potential challenges in the company's operating environment. (ETF Daily News)
Data summarised monthly by Lightyear AI. Last updated on 11 Jul 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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Upcoming events

Sept2
Patterson-UTI Energy
Dividend·Ex-dividend
Sept15
Patterson-UTI Energy
Dividend·Payment
$0.08Per share
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