Patterson-UTIPTEN
PTEN
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
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
51% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 43
50% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 3 (+1) [Q1 2025]
3% more funds holding
Funds holding: 363 [Q4 2024] → 375 (+12) [Q1 2025]
6% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 124
3% less capital invested
Capital invested by funds: $3.34B [Q4 2024] → $3.24B (-$93.6M) [Q1 2025]
1.43% less ownership
Funds ownership: 103.55% [Q4 2024] → 102.12% (-1.43%) [Q1 2025]
80% less call options, than puts
Call options by funds: $7.29M | Put options by funds: $36.7M
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6.50
0%
upside
Avg. target
$8.07
24%
upside
High target
$12
84%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
Susquehanna Charles Minervino | 23%upside $8 | Positive Maintained | 4 Jun 2025 |
JP Morgan Arun Jayaram | 7%upside $7 | Neutral Maintained | 28 May 2025 |
Citigroup Scott Gruber | 0%downside $6.50 | Neutral Downgraded | 19 May 2025 |
Morgan Stanley Daniel Kutz | 7%upside $7 | Equal-Weight Maintained | 16 May 2025 |
Barclays David Anderson | 23%upside $8 | Overweight Maintained | 28 Apr 2025 |
Financial journalist opinion
Neutral
Accesswire
1 week ago
Patterson-UTI Reports Drilling Activity for May 2025
HOUSTON, TX / ACCESS Newswire / June 5, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2025, the Company had an average of 103 drilling rigs operating in the United States.
Negative
Seeking Alpha
3 weeks ago
Patterson-UTI: OPEC Production Increases Create A Blurry Future (Rating Downgrade)
Patterson-UTI faces margin pressure as declining domestic drilling activity persists amid lower oil prices. PTEN's ability to structure performance-based contracts across multiple service platforms gives the company a leading edge on peers. At the current share price, PTEN generates an attractive free cash flow yield despite the challenging market.
Neutral
Accesswire
1 month ago
Patterson-UTI Reports Drilling Activity for April 2025
HOUSTON, TX / ACCESS Newswire / May 5, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2025, the Company had an average of 108 drilling rigs operating in the United States.
Positive
Zacks Investment Research
1 month ago
Patterson-UTI (PTEN) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Patterson-UTI (PTEN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Seeking Alpha
1 month ago
Top Ideas From The Energy Scrap Heap
The energy market's recent turmoil has led to significant declines in stock prices, presenting potential value in oversold companies like Kinetik Holdings, APA Corporation, and Patterson-UTI. KNTK, a midstream company, is expanding its asset base and offers a healthy balance sheet and a 7% dividend. APA, with a 6.5% dividend yield, has strong offshore potential in Suriname, promising significant future free cash flow despite current market challenges.
Neutral
Seeking Alpha
1 month ago
Patterson-UTI Energy, Inc. (PTEN) Q1 2025 Earnings Call Transcript
Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Michael Sabella - Vice President of Investor Relations William Hendricks - President and Chief Executive Officer Andrew Smith - Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Scott Gruber - Citigroup Atidrip Modak - Goldman Sachs Saurabh Pant - Bank of America Eddie Kim - Barclays Keith Mackey - RBC Capital Markets Stephen Gengaro - Stifel Dan Kutz - Morgan Stanley Connor Jensen - Raymond James Jeff LeBlanc - TPH and Co. Don Crist - Johnson Rice Sean Mitchell - Daniel Energy Partners Operator Thank you for standing-by. My name is Van, and I will be your conference operator today.
Neutral
Zacks Investment Research
1 month ago
Patterson-UTI's Earnings and Revenues Surpass Estimates in Q1
PTEN expects selling, general and administrative expenses of $65 million, and depreciation, depletion, amortization and impairment expenses of $230 million for the second quarter.
Neutral
Zacks Investment Research
1 month ago
Patterson-UTI (PTEN) Reports Break-Even Earnings for Q1
Patterson-UTI (PTEN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to earnings of $0.15 per share a year ago.
Neutral
Accesswire
1 month ago
Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2025
HOUSTON, TX / ACCESS Newswire / April 23, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2025.
Neutral
Zacks Investment Research
1 month ago
Patterson-UTI Energy to Post Q1 Earnings: Here's What to Expect
PTEN is expected to report lower revenues from the year-ago period. The company is anticipated to see a higher bottom line due to declining costs.
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