PTEN Stock Analysis: Patterson-UTI Energy | NASDAQ
Oil & Gas Drilling | NASDAQ, USA | Market Cap: 4.005m USD | 12M Return: 119.1% | US7034811015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 93.1M
Qual. Beats: 0
Rev. Trend: 31.6%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Patterson-UTI Energy (NASDAQ: PTEN) is a Houston-based provider of land-based drilling and completion services to oil and natural gas exploration and production companies, primarily in the United States, Canada, and Colombia. Founded in 1978 and publicly traded since 1993, the company operates through three segments: Drilling Services (contract and directional drilling, measurement-while-drilling systems, drilling motors, and directional drilling software), Completion Services (hydraulic fracturing, wireline, cementing, completion support, and natural gas power solutions), and Drilling Products (manufacture and rental of polycrystalline diamond compact drill bits and downhole tools).
The company sits within the GICS Oil & Gas Drilling sub-industry, a capital-intensive, commodity-price-sensitive segment where demand for rigs, pressure pumping fleets, and drill bits typically tracks U.S. rig counts and overall oilfield activity rather than spot oil prices directly. Contract drillers in this space historically generate the bulk of revenue on a per-day rig rate basis, while completion services are commonly priced per stage or per well, exposing operators like Patterson-UTI to both utilization and pricing swings across commodity cycles.
- WTI oil rally lifts rig count and frac demand
- Pressure pumping pricing under pressure from competitors
- Drilling day rates rise with onshore activity recovery
| Net Income: -89.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.67 > 1.0 |
| NWC/Revenue: 12.59% < 20% (prev 10.45%; Δ 2.13% < -1%) |
| CFO/TA 0.14 > 3% & CFO 733.3m > Net Income -89.7m |
| Net Debt (1.11b) to EBITDA (841.6m): 1.32 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (379.9m) vs 12m ago -1.57% < -2% |
| Gross Margin: 14.20% > 18% (prev 2.63%; Δ 11.57% > 0.5%) |
| Asset Turnover: 85.35% > 50% (prev 90.02%; Δ -4.67% > 0%) |
| Interest Coverage Ratio: -0.56 > 6 (EBIT TTM -41.1m / Interest Expense TTM 73.0m) |
| A: 0.11 (Total Current Assets 1.37b - Total Current Liabilities 784.1m) / Total Assets 5.37b |
| B: -0.26 (Retained Earnings -1.38b / Total Assets 5.37b) |
| C: -0.01 (EBIT TTM -41.1m / Avg Total Assets 5.47b) |
| D: 1.37 (Book Value of Equity 3.10b / Total Liabilities 2.27b) |
| Altman-Z'' = 1.27 = BB |
| DSRI: 1.26 (Receivables 970.9m/825.0m, Revenue 4.67b/5.02b) |
| GMI: 0.18 (GM 2.63% / 14.20%) |
| AQI: 0.99 (AQ_t 0.25 / AQ_t-1 0.25) |
| SGI: 0.93 (Revenue 4.67b / 5.02b) |
| TATA: -0.15 (NI -89.7m - CFO 733.3m) / TA 5.37b) |
| Beneish M = -3.62 (Cap -4..+1) = AAA |
As of October 03, 2026, the stock is trading at USD 11.21 with a total of 6,530,972 shares traded. Over the past week, the price has changed by +2.75%, over one month by -14.75%, over three months by +30.48% and over the past year by +119.06%.
Current recommended Stop Loss: 10.30 (which is 8.1% or 1.9 ATR below the current price).
Patterson-UTI Energy has received a consensus analysts rating of 3.80. Therefore, it is recommended to hold PTEN.
- StrongBuy: 5
- Buy: 3
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 14.1 | 25.5% |
P/E Forward = 35.7143
P/S = 0.8612
P/B = 1.362
P/EG = 0.7785
Revenue TTM = 4.67b USD
EBIT TTM = -41.1m USD
EBITDA TTM = 841.6m USD
Long Term Debt = 1.23b USD (from longTermDebt, last quarter)
Short Term Debt = 61.9m USD (from shortTermDebt, last quarter)
Debt = 1.31b USD (from shortLongTermDebtTotal, last quarter) + Leases 51.4m
Net Debt = 1.11b USD (calculated: Debt 1.31b - CCE 203.2m)
Enterprise Value = 5.11b USD (4.00b + Debt 1.31b - CCE 203.2m)
Interest Coverage Ratio = -0.56 (Ebit TTM -41.1m / Interest Expense TTM 73.0m)
EV/FCF = 28.78x (Enterprise Value 5.11b / FCF TTM 177.7m)
FCF Yield = 3.47% (FCF TTM 177.7m / Enterprise Value 5.11b)
FCF Margin = 3.80% (FCF TTM 177.7m / Revenue TTM 4.67b)
Net Margin = -1.92% (Net Income TTM -89.7m / Revenue TTM 4.67b)
Gross Margin = 14.20% ((Revenue TTM 4.67b - Cost of Revenue TTM 4.01b) / Revenue TTM)
Gross Margin QoQ = 22.85% (prev 24.00%)
Tobins Q-Ratio = 0.95 (Enterprise Value 5.11b / Total Assets 5.37b)
Interest Expense / Debt = 5.56% (Interest Expense 73.0m / Debt 1.31b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -32.5m (EBIT -41.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.75 (Total Current Assets 1.37b / Total Current Liabilities 784.1m)
Debt / Equity = 0.42 (Debt 1.31b / totalStockholderEquity, last quarter 3.10b)
Debt / EBITDA = 1.32 (Net Debt 1.11b / EBITDA 841.6m)
Debt / FCF = 6.25 (Net Debt 1.11b / FCF TTM 177.7m)
Total Stockholder Equity = 3.18b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.64% (Net Income -89.7m / Total Assets 5.37b)
RoE = -2.82% (Net Income TTM -89.7m / Total Stockholder Equity 3.18b)
RoCE = -0.93% (EBIT -41.1m / Capital Employed (Equity 3.18b + L.T.Debt 1.23b))
RoIC = -0.73% (negative operating profit) (NOPAT -32.5m / Invested Capital 4.45b)
WACC = 7.90% (E(4.00b)/V(5.32b) * Re(9.05%) + D(1.31b)/V(5.32b) * Rd(5.56%) * (1-Tc(0.21)))
Discount Rate = 9.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.91 | Cagr: -3.31%
[DCF] Terminal Value 73.10% ; FCFF base≈239.9m ; Y1≈210.3m ; Y5≈169.9m
[DCF] Fair Price = 4.26 (EV 2.73b - Net Debt 1.11b = Equity 1.62b / Shares 379.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.03 | # QB: 0
Revenue Correlation: 31.61 | Revenue CAGR: 5.14% | SUE: 1.22 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.03 | Chg30d=N/A | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=-0.05 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+79.2% | GrowthRev=+1.9%
EPS next Year (2027-12-31): EPS=0.29 | Chg30d=+20.16% | Revisions=-25% | GrowthEPS=+686.7% | GrowthRev=+7.1%
[Analyst] Revisions Ratio: -40% (up=0, down=2)