(PTEN) Patterson-UTI Energy - Ratings and Ratios

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to the oil and natural gas industry, operating across the United States and select international markets. The company specializes in three core business segments: Drilling Services, Completion Services, and Drilling Products, each tailored to support the operational needs of exploration and production companies.

The Drilling Services segment focuses on contract and directional drilling, utilizing advanced technologies such as measurement-while-drilling (MWD) systems, including Mpact drilling motors and Mpower MWD systems. This segment also provides electrical controls and automation solutions for energy, marine, and mining applications. Additionally, it offers equipment servicing and recertification for drilling contractors. The segment’s software and data analytics capabilities include MWD Survey Fault Detection, Isolation, and Recovery (FDIR) services, HiFi Nav for enhanced directional well placement, and HiFi Guidance for trajectory optimization.

The Completion Services segment delivers hydraulic fracturing, wireline, and pumping services, along with completion support and cementing solutions. It also operates in power solutions, natural gas fueling, last mile logistics, and storage services, diversifying its offerings beyond traditional completion activities.

The Drilling Products segment designs, manufactures, and rents matrix and steel-bodied polycrystalline diamond compact (PDC) drill bits. It also rents oilfield tools and provides specialized services for land-based drilling, completion, and workover operations. The company, founded in 1978 and headquartered in Houston, Texas, has established itself as a key player in the oil and gas drilling sector.

Ticker Symbol: PTEN
Exchange: NASDAQ
Type: common stock
Country Origin: United States
GICS Sub Industry: Oil & Gas Drilling
Web URL: https://www.patenergy.com

3-Month Forecast:
Based on the current technical and fundamental data, PTEN is expected to experience volatility within a narrow range. The SMA 20 at 6.19 and SMA 50 at 7.31 suggest downward momentum, while the ATR of 0.50 indicates moderate price fluctuations. Support levels are likely to hold around $5.50, with resistance near $6.50. The stock may face pressure from declining oilfield services demand but could benefit from its diversified offerings in completion and drilling products.

Market Cap: $2,250.25M USD
P/E: None
P/E Forward: 8.38
P/B: 0.64
P/S: 0.42
RoE: -27.85