Patterson-UTI
PTEN
Market cap $2.53B

6.55 USD

-0.01

0.15%

At close Jul 11, 4:00 PM EDT

After hours

6.55

+0.00

0.00%

1 day

-0.15%

5 days

3.97%

1 month

3.15%

3 months

13.72%

6 months

-24.54%

Year to date

-23.21%

1 year

-35.72%

5 years

100.92%

10 years

-63.45%

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

Energy Oil & Gas Drilling

0

Funds holding %

of 7,312 funds

0

Analysts bullish %

of 6 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

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$6.50

1%

downside

Avg. target

$8.08

23%

upside

High target

$12

83%

upside

6 analyst ratings

3 positive

50%

3 neutral

50%

0 negative

0%

Susquehanna Charles Minervino	22%upside $8	Positive Maintained	4 Jun 2025
JP Morgan Arun Jayaram	7%upside $7	Neutral Maintained	28 May 2025
Citigroup Scott Gruber	1%downside $6.50	Neutral Downgraded	19 May 2025
Morgan Stanley Daniel Kutz	7%upside $7	Equal-Weight Maintained	16 May 2025
Barclays David Anderson	22%upside $8	Overweight Maintained	28 Apr 2025

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about PTEN published over the past 30 days

Patterson-UTI Reports Drilling Activity for June 2025

HOUSTON, TX / ACCESS Newswire / July 7, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of June 2025, the Company had an average of 101 drilling rigs operating in the United States.

Patterson-UTI Reports Drilling Activity for June 2025

Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast

HOUSTON, TX / ACCESS Newswire / July 6, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 24, 2025, at 9:00 a.m.

Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast

Zacks Investment Research

Oil & Gas Drilling Is Struggling - But These 3 Names Stand Out

Scale, innovation and disciplined execution help PTEN, RIG, and PDS stand out in a slumping drilling industry.

Oil & Gas Drilling Is Struggling - But These 3 Names Stand Out

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.

Patterson-UTI Reports Drilling Activity for May 2025

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.

Patterson-UTI: OPEC Production Increases Create A Blurry Future (Rating Downgrade)

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.

Patterson-UTI Reports Drilling Activity for April 2025

Zacks Investment Research

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.

Patterson-UTI (PTEN) Reports Q1 Earnings: What Key Metrics Have to Say

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.

Top Ideas From The Energy Scrap Heap

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.

Patterson-UTI Energy, Inc. (PTEN) Q1 2025 Earnings Call Transcript

Zacks Investment Research

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.

Patterson-UTI's Earnings and Revenues Surpass Estimates in Q1

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