Patterson-UTIPTEN
About: 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.
Employees: 10,600
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
5.78% more ownership
Funds ownership: 102.13% [Q1] → 107.91% (+5.78%) [Q2]
2% less repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 122
7% less funds holding
Funds holding: 377 [Q1] → 352 (-25) [Q2]
21% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 68
24% less capital invested
Capital invested by funds: $3.24B [Q1] → $2.47B (-$772M) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
71% less call options, than puts
Call options by funds: $4.99M | Put options by funds: $17.4M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays David Anderson | 24%upside $7 | Overweight Maintained | 29 Jul 2025 |
Stifel Stephen Gengaro | 77%upside $10 | Buy Maintained | 25 Jul 2025 |
RBC Capital Keith Mackey | 50%upside $8.50 | Outperform Maintained | 25 Jul 2025 |
Piper Sandler Derek Podhaizer | 24%upside $7 | Neutral Initiated | 15 Jul 2025 |
Susquehanna Charles Minervino | 41%upside $8 | Positive Maintained | 4 Jun 2025 |
Financial journalist opinion
Based on 4 articles about PTEN published over the past 30 days
