Patterson-UTI (PE1) Stock Price & Analysis
PE1 Stock Chart & Stats
- Day’s Range
- EUR 11.09 - EUR 11.09
- 52-Week Range
- EUR 4.58 - EUR 11.30
- Previous Close
- EUR 11.16
- Volume
- 0
- Average Volume (3M)
- 347
- Market Cap
- EUR 4.53B
- Enterprise Value
- EUR 5.10B
- Total Cash (Recent Filing)
- EUR 339.31M
- Total Debt (Recent Filing)
- EUR 1.23B
- Price to Earnings (P/E)
- ―
- Beta
- -0.06
- Next Earnings
- Feb 10, 2027 (Est.)
- EPS Estimate
- 0.05
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.82%
Bulls Say, Bears Say
Bulls Say
Strong Cash Generation And Liquidity
Strong operating and free cash flow gives Patterson-UTI internal funding capacity for fleet investments, dividends, buybacks, and debt reduction. This improves resilience through activity cycles and supports management’s stated focus on returns and balance-sheet strength.
Premium Rig Demand And Pricing
Demand for upgraded rigs and higher dayrates indicate that differentiated equipment is earning pricing premiums rather than competing solely on volume. Sustained customer preference for these assets can support utilization, margins, and contract visibility over coming quarters.
Natural-gas Fleet Advantage
The shift toward natural-gas-powered completion equipment aligns Patterson-UTI with customer fuel-saving needs and the retirement of older diesel assets. Emerald technology and secured manufacturing slots may strengthen fleet quality and competitive positioning as the market replaces legacy horsepower.
Bears Say
Profitability Remains Unstable
Despite improvement from the 2024 loss, Patterson-UTI has not yet established consistently positive earnings or returns on equity. Thin operating profitability leaves results sensitive to utilization, pricing, and cost changes, limiting confidence in near-term earnings durability.
Completion Pricing Remains Depressed
Incomplete pricing recovery constrains returns in a major operating segment and reduces the incentive to add capacity. Until pricing improves further, revenue growth may not translate proportionally into earnings, while fleet replacement and operating costs continue to weigh on economics.
Cyclical And Geopolitical Exposure
The company remains exposed to customer budgets, commodity-linked activity, and regional conditions outside its control. Geopolitical disruption can reduce drilling-products demand and profitability, while broader cycle changes may pressure utilization and pricing across the platform.
Patterson-UTI News
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Patterson-UTI Stock Smart Score
Company Description
Patterson-UTI
Patterson-UTI Energy, Inc. (PTEN) is a key provider of onshore contract drilling services for oil and natural gas exploration and production companies. Its operations span across the United States and international markets. The company's diverse business model is structured around three primary segments: 1. Contract Drilling Services: This division delivers drilling solutions predominantly in prominent U.S. basins such as West Texas, Appalachia, the Rockies, Oklahoma, and both South and East Texas, alongside operations in Colombia. As of late 2021, its robust fleet comprised 192 marketable land-based drilling rigs. 2. Pressure Pumping Services: Specializing in well site operations, this segment provides a range of pressure pumping services. These include comprehensive well stimulation for new well completions and remedial interventions on existing wells, in addition to hydraulic fracturing, cementing, and acid pumping activities within Texas and the Appalachian region. 3. Directional Drilling Services: This segment focuses on advanced drilling technologies, offering a complete suite of directional drilling and measurement-while-drilling (MWD) services. It also provides the supply and rental of high-performance downhole motors, complemented by specialized software and support services designed to optimize the precision, quality, and drilling efficiency (on-bottom rate of penetration) of directional and horizontal wellbores. Beyond these core offerings, Patterson-UTI also extends equipment maintenance services to drilling contractors. Furthermore, it delivers sophisticated electrical controls and automation solutions to the energy, marine, and mining sectors across North America and other international areas. The company maintains a portfolio of non-operating working interests in oil and natural gas assets, primarily situated in Texas and New Mexico. Established in 1978, Patterson-UTI Energy, Inc. is headquartered in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- CEO
- William Andrew Hendricks Jr.
- Employees
- 7,900
- Website
- www.patenergy.com
- Address
- 10713 West Sam Houston Parkway North, Houston, TX, 77064, US
Patterson-UTI (PE1) Earnings & Revenues
PE1 Earnings Call
Earnings Call SentimentPositive
The call was strongly positive, with improving U.S. activity, higher drilling and completion pricing, record drilling products performance, strong free cash flow, a solid balance sheet, and favorable 2027 demand signals. The main challenges were completion-service downtime from temporary sand and trucking constraints, completion pricing that remains below prior levels, higher costs for additional rig reactivations, and near-term Middle East-related pressure on drilling products. Management remained confident while emphasizing disciplined capital allocation and a focus on returns rather than growth for its own sake.
View all DE:PE1 earnings summariesPE1 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 3 | 5 |
| Technical Analysis | 2 | 3 | 5 |
| Moving Averages | 12 | 0 | 0 |