PATTERSON UTI ENERGY INC (PTEN)
Energy · oil and gas equipment and services · NASDAQ
Patterson-UTI Energy is a leading US-based land drilling and completion services provider supporting oil and gas production through its extensive fleet of rigs and pressure pumping capabilities.
What PATTERSON UTI ENERGY INC does
Patterson-UTI Energy provides oilfield services and products to the oil and gas industry, primarily in the United States. Its operations are organized into three main segments: Drilling Services, Completion Services, and Drilling Products. The company is one of the largest providers of land-based contract drilling services and also offers pressure pumping and directional drilling support.
Themes: oilfield services, contract drilling, pressure pumping, energy exploration and production support
Fundamentals
- Price$12.34 as of 2026-08-21 close
- Market cap$4.7B as of 2026-08-21
- 1-year return+128.9% 2025-08-21 close $5.39 → 2026-08-21 close $12.34
- P/En/a negative earnings
- Net margin-1.9% as of 2026-08-24
- Gross margin+23.8% as of 2026-08-24
- ROE-2.8% as of 2026-08-24
- Debt / equity0.40 as of 2026-08-24
- Revenue growth (YoY)-6.9% as of 2026-08-24
- Revenue CAGR (3y)+23.1% SEC XBRL
- Beta0.78 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +2.7%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How PTEN compares in its sector
- net profit marginbottom 25% 149 covered Energy peers, as of 2026-08-24
- operating marginbottom 25% 149 covered Energy peers, as of 2026-08-24
- gross marginmiddle range 142 covered Energy peers, as of 2026-08-24
- return on equitybottom 25% 152 covered Energy peers, as of 2026-08-24
- 3-year revenue CAGRtop 25% 138 covered Energy peers
- indicated dividend yieldmiddle range 98 covered Energy peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 95 covered Energy peers, as of FY2025
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
PTEN is not currently in any published Top 10 list. Its scores are below.
Long-term score
55.8 #301 of 987 scored · #33 of 64 in Energy
Valuation 99th (price to book 0.7) and long-term trend 84th (over the past 12 months this stock beat the market by 108.5 percentage points); weakest is profitability (6th, operating margin -1.1%, return on equity -2.8%).
Short-term score
39.9 #1410 of 1,704 scored · #84 of 86 in Energy
Trend 83rd: the price is 14% above the average price paid over the period covered, so the typical buyer over that stretch is showing a gain; momentum 55th: MACD momentum is positive; weakest is setup 25th: day-to-day price swings are unusually wide versus its own recent history (wider than about 94% of the past ~6 months). Its score is docked 10 points for overextended (RSI above 75 or stochastic above 90).
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, PTEN's dividend was covered by reported results (free-cash-flow payout 33%). This describes past coverage, not a forecast.
- Earnings payoutnot assessable earnings were not positive that year
- Free-cash-flow payout33% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How PATTERSON UTI ENERGY INC looks technically
PATTERSON UTI ENERGY INC (PTEN) is trading 35.9% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 159 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 68, neither overbought (above 70) nor oversold (below 30). It just made a new 20-day high, its first since 2026-05-19, pushing above its recent trading range.
Trend
8
| Distance from the 200-day | it is trading 35.9% above its 200-day average, the long-term trend line — a longer-term uptrend | +35.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $10.24 | $10.24 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $9.08 | $9.08 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 24 calendar days ago — the swings before that are what the structure reading is measured on | 24 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 9.07. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 159 trading days ago — a "golden cross", a bullish long-term signal | 159 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 24 (a reading of 25+ marks a strong trend) | 24.2 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 68, neither overbought (above 70) nor oversold (below 30) | 68.3 |
|---|---|---|
| Position in its 14-day range | it is trading near the top of its 14-day range ($9.52 to $12.55) — its "stochastic" reading is 93 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 93.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 31 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $13.08 | $13.08 |
|---|---|---|
| From the 52-week high | it is 5.7% below its 52-week high (its highest price of the past year) | -5.7% |
| Above the 52-week low | it is 142.0% above its 52-week low (its lowest price of the past year) | +142.0% |
| Below the 52-week high | it is 5.7% below its highest point of the past year | 5.7% |
| Since a 20-day breakout | it just made a new 20-day high, its first since 2026-05-19, pushing above its recent trading range | 1 session |
| Since a 55-day breakout | it just made a new 55-day high, its first since 2026-05-19, pushing above its recent trading range | 1 session |
| All-time high | its highest closing price on record is $38.49 (set on 2006-01-20) | $38.49 |
| Given back of the 52-week move | over the past year its closes ranged ($5.18 to $12.85), and it has given back only a small part of its rise from last year’s low — 7% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $7.86 to $8.11. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 6.7% |
| From the all-time high | it is 67.9% below its all-time high | -67.9% |
| Nearest price level | it is trading 2.0% below a resistance level at $12.59 — a price it turned at twice since 2026-05-05, most recently on 2026-06-04. Since 2024-08-21 it has 16 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.0% |
| All-time low | its lowest closing price on record is $1.61 (set on 2020-04-03) | $1.61 |
| Above the all-time low | it is 666.5% above its all-time low | +666.5% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 94% of the past ~6 months) | 94th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.4964 between its high and its low — about 4.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.4964 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $8.64 and $12.79 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $8.64 – $10.72 – $12.79 |
| Typical daily range (% of price) | its price moves about 4.0% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.0% |
| Stretch from the 200-day average | it is trading 6.6 daily ranges above its 200-day average price (35.9% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 6.6 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.60× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 3.7% since the prior reading | +3.7% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 1.2% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +1.2% |
|---|---|---|
| Open gap | it gapped 3.1% above the previous close 9 sessions ago and has not traded back through the level it left behind at 9.87 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +3.1% |
| Gap filled | a 2.1% gap up opened on 2026-08-18 has been "filled" 3 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 3 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +2.32% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 14.9 percentage points (the stock gained 17.2% while the market gained 2.3%) | +14.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 2.0 percentage points (the stock gained 1.1% while the market gained 3.1%) | -2.0% |
| vs market, 6 months | over the past 6 months this stock beat the market by 35.7 percentage points (the stock gained 46.7% while the market gained 11.1%) | +35.7% |
| vs market, 12 months | over the past 12 months this stock beat the market by 108.5 percentage points (the stock gained 128.9% while the market gained 20.5%) | +108.5% |
Signal agreement
2
| Bullish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, a fresh 20-day high, MACD momentum is positive, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: near the top of its 14-day range (overbought) — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 14% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 7.2% of the share price. | +14.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 27% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $9.72 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +26.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 14% above the average price paid since it last reported on 2026-07-30 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $10.79 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | +14.3% |
Price levels it has turned at before
PTEN last closed at $12.34 on 2026-08-21. Since 2024-08-21 it has turned at 16 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $12.59 | Resistance | 2.0% above the last close | turned there twice · 2026-05-05 to 2026-06-04 |
| $11.02 | Support | 10.7% below the last close | turned there three times · 2026-05-07 to 2026-07-23 |
| $9.33 | Support | 24.4% below the last close | turned there twice · 2025-02-11 to 2026-04-08 |
| $9.12 | Support | 26.1% below the last close | turned there twice · 2026-04-17 to 2026-07-28 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $9.07.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 6 trading days, since 2026-08-14.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Broke out to a new 20-day high · Analyst price target recently RAISED · beating the market · Printed a doji candle · Stretched far above its 200-day average (6+ daily ranges) | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.07 mean, 1=Strong Buy…5=Strong Sell) — 14 analysts
- Mean price target$13.86 range $10.50 – $19.00; median $13.50
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for PTEN
- Consensus EPS estimate$0.03146 next reporting period, as of 2026-08-23
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["volatility in oil and natural gas prices affecting customer demand for drilling services","intense competition in the oilfield services industry impacting pricing and margins","operational hazards and environmental liabilities associated with energy exploration and production services"]
What changed in the latest 10-Q
AI-assisted comparison of PTEN's 10-Q filed 2026-04-28 against the prior one filed 2025-10-28.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-04-28) shows balance sheet date of March 31, 2026 compared to older filing (2025-10-28) showing September 30, 2025
- Newer filing includes three-month period ended March 31, 2026 vs. older filing with three-month and nine-month periods ended September 30, 2025
- Cash, cash equivalents and restricted cash increased to $337,244 thousand in newer filing (March 31, 2026) from $186,913 thousand in older filing (September 30, 2025)
- Accounts receivable net increased to $742,379 thousand in newer filing from $800,448 thousand in older filing
- Property and equipment, net decreased to $2,627,928 thousand in newer filing from $2,785,428 thousand in older filing
- Intangible assets, net decreased to $784,217 thousand in newer filing from $842,972 thousand in older filing
- Total assets decreased to $5,360,519 thousand in newer filing from $5,533,110 thousand in older filing
- Long-term debt, net increased to $1,221,363 thousand in newer filing from $1,220,716 thousand in older filing
- Drilling Services revenue for Q1 2026 was $351,717 thousand vs. Q3 2025 revenue of $380,200 thousand
- Completion Services revenue for Q1 2026 was $679,587 thousand vs. Q3 2025 revenue of $705,275 thousand
- Operating loss of $(14,317) thousand in Q1 2026 vs. operating loss of $(28,054) thousand in Q3 2025
- Net loss attributable to common stockholders of $(24,627) thousand in Q1 2026 vs. $(36,402) thousand in Q3 2025
- Cash dividends per common share increased to $0.10 in Q1 2026 from $0.08 in Q3 2025
- Newer filing reports impairment in older period (Q3 2025 shows impairment of goodwill of $0 in three-month period; older filing shows $885,240 thousand in nine-month period ended September 30, 2024)
- Removed:
- Older filing includes nine-month period comparison data; newer filing shows only three-month period
- Older filing includes comparison to prior year Q3 2024 and nine months ended September 30, 2024; newer filing shows only three-month periods
- Older filing includes 'Current maturities of long-term debt' line item of $0 thousand at September 30, 2025 and $6,388 thousand at December 31, 2024; newer filing does not separately display this line
- Older filing includes 'Merger and integration expense' line item ($90 thousand for Q3 2025, $1,010 thousand for nine months 2025); newer filing does not include this line
- Older filing includes 'Selling, general and administrative' line item ($61,976 thousand for Q3 2025); newer filing lists 'General and administrative' ($68,763 thousand for Q1 2026)
- Reworded:
- Older filing uses 'Selling, general and administrative' while newer filing uses 'General and administrative' for the same expense category
- Older filing includes 'Impairment of goodwill' as separate line item; newer filing does not separately identify this (no impairment in Q1 2026 period)
- Notes:
- The two filings are for different reporting periods (Q1 2026 vs. Q3 2025 and nine months 2025), making direct operational comparisons less meaningful
- Comparison is between March 31, 2026 and September 30, 2025 balance sheets, representing different points in the company's fiscal year
- Cash flows statement in newer filing is truncated and cannot be fully compared to older filing
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 3 open-market sales by insiders in the last 90 days.
- Last 90 days0 buys · 3 sells ($4M) — 3 selling insiders
- Last 180 days0 buys · 7 sells ($12M) — 5 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-08. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about PTEN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
6 institutional 13F filers reported holding PTEN as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 81,146,244
- Reported value $878,813,817
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 2 increased, 4 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
PTEN had 30,191,174 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
PTEN had 7.92% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.05 days to cover at the same settlement.
- Reported short interest (shares) 30,191,174
- Short interest (% of shares outstanding) 7.92%
- Prior settlement (shares) 28,450,788
- Reported change 6.12%
- Days to cover (reported) 3.05
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Helmerich & Payne (HP)
- Precision Drilling (PDS)
- Liberty Energy (LBRT)
- ProFrac Holding
- Nabors Industries (NBR)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does PATTERSON UTI ENERGY INC (PTEN) do?
Patterson-UTI Energy provides oilfield services and products to the oil and gas industry, primarily in the United States. Its operations are organized into three main segments: Drilling Services, Completion Services, and Drilling Products. The company is one of the largest providers of land-based contract drilling services and also offers pressure pumping and directional drilling support.
What sector is PATTERSON UTI ENERGY INC (PTEN) in?
PATTERSON UTI ENERGY INC (PTEN) is classified in the Energy sector. Its industry is oil and gas equipment and services. It trades on NASDAQ.
Does PTEN pay a dividend?
Yes — PATTERSON UTI ENERGY INC (PTEN) pays a dividend, with an indicated yield of about 2.67% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are PATTERSON UTI ENERGY INC's (PTEN) competitors?
Notable peers of PATTERSON UTI ENERGY INC (PTEN) include Helmerich & Payne, Precision Drilling, Liberty Energy, ProFrac Holding and Nabors Industries. This peer set is informational only — not financial advice.
Is PATTERSON UTI ENERGY INC (PTEN) overbought or oversold right now?
PATTERSON UTI ENERGY INC (PTEN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 68, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on PTEN come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.