Patterson-UTI

PTEN

Market cap $3.77B

Patterson-UTI offers compelling upside as upstream oilfield services near an inflection point, with rising demand and limited new equipment supply. PTEN combines drilling and completions, leverages advanced technology, and maintains strong margins and free cash flow despite recent sector headwinds. Capacity exists to quickly redeploy rigs as oil prices stabilize in the $70-80s, with management committed to returning at least 50% of adjusted free cash flow to shareholders.

FIVE, AA and PTEN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 13th, 2026.

REFI and PTEN made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 13th, 2026.

HOUSTON, TX / ACCESS Newswire / April 7, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, April 23, 2026, at 9:00 a.m.

HOUSTON, TX / ACCESS Newswire / April 6, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2026, the Company had an average of 90 drilling rigs operating in the United States.

Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?

HOUSTON, TX / ACCESS Newswire / March 4, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2026, the Company had an average of 93 drilling rigs operating in the United States.

Goldman Sachs is sending a clear directional signal on two battered oilfield services names: it raised its price target on Liberty Energy (LBRT) to $30 and kept its Buy-equivalent Neutral stance, while lifting Patterson-UTI (PTEN) to $9 with an explicit Buy rating, citing early signs of dislocation between depressed valuations and underlying fundamentals.

Although the revenue and EPS for Patterson-UTI (PTEN) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Oilfield services have been in a bull market since Liberation Day, but PTEN has been lagging behind. This has been due to its low exposure to the more robust international markets and the decision to avoid entry into the power gen market. The trends unfolding so far in 2026 appear to justify PTEN's strategy that prioritizes cash generation and returns.