Patterson-UTI Energy (PTEN)
Provides land drilling, integrated well completions, and drill-bit solutions for oil and gas operators.
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Sells land drilling, directional drilling, integrated well-completion services, and drill-bit products to oil and gas operators, earning fees from rig daywork, field-service activity, and equipment sales. Completion Services contributes most revenue, and demand tracks customers' drilling and completion budgets.
Provides land contract drilling, directional drilling, wellbore-placement technology, and electrical controls through Drilling Services. Completion Services supplies hydraulic fracturing, wireline and pumping, cementing, natural-gas fueling, and proppant logistics, while Drilling Products manufactures drill bits and downhole tools for energy, geothermal, and mining customers.
Operations are concentrated in major U.S. onshore basins, with a smaller international contract-drilling presence and drill-bit sales spanning the Middle East and other markets. Basin density and an equipment platform spanning high-spec rigs, automation, pressure pumping, and logistics support coordinated well construction. Demand and utilization depend on customer drilling and completion budgets, which respond to oil and gas prices; hydraulic fracturing and field operations are also subject to environmental and workplace-safety regulation.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $11 | Target: $12 |
| Aug 5, 2026 | Barclays | Reiterate | Rating: —Target: $10 | Target: $16 |
| Aug 3, 2026 | Susquehanna | Reiterate | Rating: —Target: $12 | Target: $13 |
| Jul 31, 2026 | JP Morgan | Upgrade | ||
| Jul 15, 2026 | Morgan Stanley | Target | Target: $10 | Target: $11 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $203.2M · Total debt $1.26B · Total assets $5.37B · Shareholders' equity $3.10B
- Revenue
- $1.23B
- Operating income
- −$7.0M
- Net income
- −$19.6M
HistoryDividendAnnual yield
| Institutions | ≈ 111.99% | 427.11M shares | |
|---|---|---|---|
| 455 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.06% | 4.06M shares | |
| 14 holders · as of Sep 3, 2026 | |||
| Adds to | 113.05% | ||
381.38M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 113.05%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.49% | 62.88M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.13% | 27.20M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.97% | 22.78M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.37% | 16.68M | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 4.28% | 16.34M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | William Andrew JR Hendricks | director, officer: President & CEO | −250,000 | $11.91 |
| Sep 2, 2026 | William Andrew JR Hendricks | director, officer: President & CEO | −250,000 | $12.93 |
| Sep 1, 2026 | Seth David Wexler | officer: EVP, General Counsel&Secretary | −120,000 | $12.75 |
| Sep 2, 2026 | Robert Wayne Jr Drummond | director | −198,395 | $12.85 |
| Sep 1, 2026 | Robert Wayne Jr Drummond | director | −1,605 | $12.85 |
- Liberty Energy
Direct completion-services rival in North American fracturing
- Halliburton
Global completions and drilling-technology competitor
- Helmerich & Payne
Competes directly in high-spec North American land drilling
- SLB
Broad well-construction and completions rival
- Nabors Industries
Overlaps in land drilling, rig technology, and directional services
- ProPetro
Permian-focused pressure-pumping and wireline competitor
- Baker Hughes
Contests drill bits, well construction, and completion tools
- Precision Drilling
North American land-drilling peer with U.S. rig overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Patterson-UTI Energy | $11.19 | +0.40% | $4.23B | — | 63.6 | 0.9 | +0.7% |
| Liberty Energy | $18.60 | +3.08% | $2.94B | 24.3 | 376.4 | 0.7 | +14.0% |
| Halliburton | $33.27 | +1.28% | $27.44B | 17.2 | 13.1 | 1.2 | +3.7% |
| Helmerich & Payne | $39.64 | −0.38% | $3.98B | — | 30.5 | 1.0 | −0.6% |
| SLB | $52.39 | +0.51% | $77.35B | 25.4 | 18.5 | 2.1 | +5.0% |
| Nabors Industries | $83.20 | −0.26% | $1.23B | 6.2 | 40.2 | 0.4 | −2.2% |
| ProPetro | $10.07 | +0.35% | $1.23B | — | 59.0 | 1.1 | −6.2% |
| Baker Hughes | $57.76 | +0.88% | $56.84B | 18.4 | 21.5 | 2.1 | −2.4% |
| Precision Drilling | $84.10 | +0.92% | $1.07B | — | 12.6 | 0.8 | +6.8% |
| Median | 18.4 | 26.0 | 1.0 | +1.6% |