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PTEN 
Patterson-UTI Energy Inc (PTEN)
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Upturn Advisory Summary
12/26/2025: PTEN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
15 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $7.2
1 Year Target Price $7.2
| 5 | Strong Buy |
| 5 | Buy |
| 5 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -30.51% | Avg. Invested days 26 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/26/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.25B USD | Price to earnings Ratio - | 1Y Target Price 7.2 |
Price to earnings Ratio - | 1Y Target Price 7.2 | ||
Volume (30-day avg) 15 | Beta 0.77 | 52 Weeks Range 4.91 - 9.09 | Updated Date 12/28/2025 |
52 Weeks Range 4.91 - 9.09 | Updated Date 12/28/2025 | ||
Dividends yield (FY) 5.41% | Basic EPS (TTM) -0.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -2.81% | Operating Margin (TTM) -2.38% |
Management Effectiveness
Return on Assets (TTM) -0.43% | Return on Equity (TTM) -3.96% |
Valuation
Trailing PE - | Forward PE 8.38 | Enterprise Value 3322116840 | Price to Sales(TTM) 0.47 |
Enterprise Value 3322116840 | Price to Sales(TTM) 0.47 | ||
Enterprise Value to Revenue 0.69 | Enterprise Value to EBITDA 3.66 | Shares Outstanding 379242024 | Shares Floating 343600859 |
Shares Outstanding 379242024 | Shares Floating 343600859 | ||
Percent Insiders 2.7 | Percent Institutions 111.75 |
Upturn AI SWOT
Patterson-UTI Energy Inc
Company Overview
History and Background
Patterson-UTI Energy, Inc. (PTEN) was founded in 1978 and has grown to become a significant player in the oilfield services sector. Originally focused on contract drilling, the company has expanded its services and geographic reach through organic growth and strategic acquisitions, particularly in the pressure pumping and rental tools segments. Key milestones include its initial public offering, significant fleet expansions, and acquisitions that bolstered its service offerings and market position. The company has evolved to offer a comprehensive suite of services for oil and gas exploration and production companies.
Core Business Areas
- Contract Drilling: Patterson-UTI operates a large fleet of onshore drilling rigs primarily in the United States, offering drilling services to oil and natural gas companies. This segment includes the operation and maintenance of drilling rigs, providing crews, and managing drilling operations.
- Pressure Pumping: This segment provides hydraulic fracturing services, well stimulation, and cementing services. It involves the use of specialized equipment to enhance oil and gas recovery from wells. This includes frac fleets, cement units, and related equipment.
- Rental and'') Equipment: This segment offers a broad range of oilfield equipment for rent, including pipe handling tools, rig matting, and other essential equipment for drilling and completion operations. It also provides technical support and maintenance for this equipment.
Leadership and Structure
Patterson-UTI Energy Inc. is led by a seasoned management team with extensive experience in the oil and gas industry. The company is structured into operational segments aligned with its core business areas (Contract Drilling, Pressure Pumping, Rental and'') Equipment), each overseen by dedicated leadership responsible for performance and strategy. The overall direction and corporate governance are managed by the Board of Directors and executive officers.
Top Products and Market Share
Key Offerings
- Contract Drilling Rigs: Patterson-UTI offers a diverse fleet of land drilling rigs, including modern super-spec rigs designed for efficiency and safety in challenging formations. Competitors include Nabors Industries (NBR), Helmerich & Payne (HP), and Ensign Group (ESV). Specific market share data is proprietary, but PTEN is recognized as one of the largest land drillers in North America.
- Hydraulic Fracturing Services: The company provides hydraulic fracturing, commonly known as fracking, which is a crucial process for unconventional oil and gas extraction. Competitors include Halliburton (HAL), Schlumberger (SLB), and Baker Hughes (BKR). Market share is difficult to ascertain precisely due to the competitive nature and proprietary data, but PTEN is a significant provider in its operational basins.
- Oilfield Rental Tools: Patterson-UTI offers a comprehensive suite of rental equipment, including specialized tools for drilling, completion, and production operations. This segment supports various stages of the oilfield lifecycle. Competitors vary widely depending on the specific equipment, but include companies like Basic Energy Services (now part of Superior Energy Services, SUEN) and many smaller regional providers.
Market Dynamics
Industry Overview
The oilfield services industry is cyclical and heavily influenced by global energy prices, exploration and production (E&P) spending, and regulatory environments. Demand for services like drilling and hydraulic fracturing is directly tied to the number of active oil and gas wells and the intensity of drilling and completion activities. The industry is characterized by intense competition, technological innovation, and a focus on operational efficiency and cost management.
Positioning
Patterson-UTI Energy Inc. is positioned as a leading North American provider of onshore contract drilling and oilfield services. Its competitive advantages include a large and modern rig fleet, a comprehensive suite of pressure pumping services, and a growing rental tools business. The company benefits from its extensive operational footprint, strong customer relationships, and a focus on technological advancement to enhance service delivery.
Total Addressable Market (TAM)
The Total Addressable Market (TAM) for onshore oilfield services in North America is substantial, estimated to be in the tens of billions of dollars annually, driven by the production of oil and natural gas. Patterson-UTI Energy Inc. is a significant player within this TAM, particularly in the contract drilling and pressure pumping segments in key basins like the Permian Basin, Eagle Ford, and Appalachia. The company's positioning is strong due to its scale, diversified service offerings, and technological capabilities, allowing it to capture a meaningful share of the market.
Upturn SWOT Analysis
Strengths
- Large and modern drilling rig fleet, including high-spec rigs
- Diversified service offerings (drilling, pressure pumping, rental tools)
- Strong operational presence in key North American basins
- Established customer relationships with major E&P companies
- Focus on technological innovation and efficiency improvements
Weaknesses
- Sensitivity to commodity price volatility
- High capital expenditure requirements for fleet maintenance and upgrades
- Dependence on the North American onshore market
- Potential for increased competition from private operators or new entrants during upcycles
Opportunities
- Increased E&P spending driven by favorable commodity prices
- Expansion of services into new geographic regions or complementary service lines
- Technological advancements in drilling and completion techniques
- Consolidation within the oilfield services industry
- Growing demand for natural gas and LNG exports
Threats
- Sustained low commodity prices
- Increased regulatory scrutiny and environmental concerns
- Geopolitical instability impacting global energy markets
- Labor shortages and rising labor costs
- Rapid technological disruption that could render existing assets obsolete
Competitors and Market Share
Key Competitors
- Nabors Industries (NBR)
- Helmerich & Payne (HP)
- Ensign Group (ESV)
- Halliburton (HAL)
- Schlumberger (SLB)
- Baker Hughes (BKR)
Competitive Landscape
Patterson-UTI Energy Inc. competes in a highly fragmented and competitive oilfield services market. Its advantages lie in its scale, modern equipment, and comprehensive service offering in North America. However, it faces intense price competition, particularly during downturns, and must continuously invest in technology to maintain its edge. Larger, more diversified competitors like Halliburton and Schlumberger have broader global reach and deeper technological capabilities, while other onshore drillers like Nabors and Helmerich & Payne are direct competitors in the contract drilling segment. Ensign Group is a rapidly growing competitor with a focus on high-spec rigs.
Growth Trajectory and Initiatives
Historical Growth: Historically, Patterson-UTI Energy Inc.'s growth has been marked by periods of expansion driven by rising energy demand and E&P investment, often followed by contractions during industry downturns. The company has strategically grown its fleet and service offerings through both organic investment and acquisitions to capitalize on market opportunities.
Future Projections: Future growth projections for Patterson-UTI Energy Inc. are typically based on analyst forecasts regarding E&P capital budgets, oil and gas price expectations, and the company's ability to gain market share and expand its service capabilities. Analysts often project revenue and earnings growth assuming certain levels of drilling activity and pricing power for the company's services.
Recent Initiatives: Recent strategic initiatives for Patterson-UTI Energy Inc. have likely focused on fleet modernization, enhancing technological capabilities (e.g., automation, data analytics), improving operational efficiency, and potentially exploring strategic partnerships or acquisitions to strengthen its market position and service portfolio.
Summary
Patterson-UTI Energy Inc. is a prominent North American oilfield services provider with strong capabilities in contract drilling and pressure pumping. Its substantial fleet and diversified service offerings are key strengths, positioning it well to capitalize on E&P activity. However, the company remains susceptible to the inherent volatility of energy prices and faces significant competition. Continued investment in technology and operational efficiency will be crucial for sustained growth and navigating market fluctuations.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations (Patterson-UTI Energy Inc.)
- Financial news and data providers (e.g., Bloomberg, Refinitiv, FactSet)
- Industry analysis reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Financial data and market share estimates are subject to change and may vary depending on the source. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Patterson-UTI Energy Inc
Exchange NASDAQ | Headquaters Houston, TX, United States | ||
IPO Launch date 1993-11-02 | President, CEO & Director Mr. William Andrew Hendricks Jr. | ||
Sector Energy | Industry Oil & Gas Drilling | Full time employees 9200 | Website https://www.patenergy.com |
Full time employees 9200 | Website https://www.patenergy.com | ||
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision od contract and directional drilling, and measurement-while-drilling (MWD) services in onshore oil and natural gas basins; supply and rental of downhole performance motors, such as Mpact drilling motors, and Mpower MWD systems; electrical controls and automation to the energy, marine and mining industries; and servicing and re-certification of equipment for drilling contractors. This segment also provides software and services, such as MWD Survey Fault Detection, Isolation and Recovery (FDIR) services, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; and HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and is involved in the power solutions natural gas fueling, and last mile logistics and storage businesses. The Drilling Products segment engages in the design, manufacture, sale, and rental of matrix and steel-bodied polycrystalline diamond compact drill bits. It also rents oilfield tools; and offers specialized services for land-based oil and natural gas drilling, completion, and workover activities. The company was founded in 1978 and is headquartered in Houston, Texas.
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