PTEN Stock Analysis: Patterson-UTI Energy | NASDAQ
Oil & Gas Drilling | NASDAQ, USA | Market Cap: 3.739m USD | 12M Return: 86.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 85.3M
Qual. Beats: 0
Rev. Trend: 31.6%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 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 (PTEN) is a Houston-based oilfield services company founded in 1978 that provides drilling and completion services to exploration and production operators in the United States, Canada, Colombia, and other international markets. The company operates through three reporting segments: Drilling Services, Completion Services, and Drilling Products, giving it an integrated footprint across the onshore well lifecycle. PTEN sits within the GICS Oil & Gas Drilling sub-industry, reflecting its primary role as a land-based drilling contractor rather than an offshore operator or pure E&P producer.
The Drilling Services segment is the largest and most technology-intensive part of the business, offering contract drilling, directional drilling, and measurement-while-drilling (MWD) services across major onshore basins. A notable differentiator is its proprietary digital drilling software suite-FDIR (Survey Fault Detection, Isolation and Recovery), HiFi Nav, and HiFi Guidance-which uses real-time MWD data analytics to improve wellbore placement within the reservoir. The segment also supplies performance drilling motors and rents downhole tools, while extending electrical controls and automation work into adjacent marine and mining end markets.
The Completion Services segment covers hydraulic fracturing, wireline, pumping, cementing, and other well-completion support activities, and has diversified into natural gas fueling for power solutions and last-mile logistics. The smaller Drilling Products segment designs, manufactures, sells, and rents polycrystalline diamond compact (PDC) drill bits, adding a recurring equipment-revenue stream on top of the largely service-based model. Together, these operations expose PTEN to both rig-driven activity levels and the broader unconventional shale completion market in North America.
- US rig count and shale drilling activity drive revenue growth
- Frac fleet oversupply pressures completion services pricing and margins
- WTI crude price swings impact onshore drilling customer capex
- Natural gas fueling and power solutions expand on low Henry Hub prices
| 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 (1.12b) to EBITDA (765.5m): 1.47 < 3 |
| Current Ratio: 1.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (379.9m) vs 12m ago -1.57% < -2% |
| Gross Margin: 16.30% > 18% (prev 2.63%; Δ 13.67% > 0.5%) |
| Asset Turnover: 85.35% > 50% (prev 90.02%; Δ -4.67% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.11 (Total Current Assets 1.37b - Total Current Liabilities 784.1m) / Total Assets 5.37b |
| B: -0.23 (Retained Earnings -1.26b / Total Assets 5.37b) |
| C: -0.02 (EBIT TTM -117.2m / Avg Total Assets 5.47b) |
| D: 1.37 (Book Value of Equity 3.11b / Total Liabilities 2.27b) |
| Altman-Z'' = 1.25 = BB |
| DSRI: 1.20 (Receivables 919.7m/825.0m, Revenue 4.67b/5.02b) |
| GMI: 0.16 (GM 2.63% / 16.30%) |
| AQI: 1.03 (AQ_t 0.26 / 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 = -3.67 (Cap -4..+1) = AAA |
As of August 02, 2026, the stock is trading at USD 10.48 with a total of 13,030,690 shares traded. Over the past week, the price has changed by +2.75%, over one month by +14.16%, over three months by -13.47% and over the past year by +86.17%.
Current recommended Stop Loss: 9.70 (which is 7.4% or 1.5 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 | 13 | 24% |
P/E Forward = 11.1111
P/S = 0.8018
P/B = 1.1217
P/EG = 0.7291
Revenue TTM = 4.67b USD
EBIT TTM = -117.2m USD
EBITDA TTM = 765.5m USD
Long Term Debt = 1.22b USD (from longTermDebt, last fiscal year)
Short Term Debt = 26.4m USD (from shortTermDebt, last fiscal year)
Debt = 1.33b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 47.5m
Net Debt = 1.12b USD (calculated: Debt 1.33b - CCE 203.2m)
Enterprise Value = 4.86b USD (3.74b + Debt 1.33b - CCE 203.2m)
Interest Coverage Ratio = unknown (Ebit TTM -117.2m / Interest Expense TTM 0.0)
EV/FCF = 27.37x (Enterprise Value 4.86b / FCF TTM 177.7m)
FCF Yield = 3.65% (FCF TTM 177.7m / Enterprise Value 4.86b)
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 = 16.30% ((Revenue TTM 4.67b - Cost of Revenue TTM 3.91b) / Revenue TTM)
Gross Margin QoQ = 30.85% (prev 24.00%)
Tobins Q-Ratio = 0.91 (Enterprise Value 4.86b / Total Assets 5.37b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 1.33b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -92.6m (EBIT -117.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.75 (Total Current Assets 1.37b / Total Current Liabilities 784.1m)
Debt / Equity = 0.43 (Debt 1.33b / totalStockholderEquity, last quarter 3.11b)
Debt / EBITDA = 1.47 (Net Debt 1.12b / EBITDA 765.5m)
Debt / FCF = 6.33 (Net Debt 1.12b / FCF TTM 177.7m)
Total Stockholder Equity = 3.19b (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 3.19b)
RoCE = -2.66% (EBIT -117.2m / Capital Employed (Equity 3.19b + L.T.Debt 1.22b))
RoIC = -2.10% (negative operating profit) (NOPAT -92.6m / Invested Capital 4.41b)
WACC = 6.98% (E(3.74b)/V(5.07b) * Re(9.46%) + D(1.33b)/V(5.07b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 9.46% (= 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 = 4.22 (EV 2.73b - Net Debt 1.12b = Equity 1.60b / 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=0.00 | Chg30d=N/A | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.11 | Chg30d=+15.45% | Revisions=+25% | GrowthEPS=+54.2% | GrowthRev=-1.8%
EPS next Year (2027-12-31): EPS=0.22 | Chg30d=+22.87% | Revisions=+50% | GrowthEPS=+302.7% | GrowthRev=+4.6%
[Analyst] Revisions Ratio: +62% (up=5, down=0)