Patterson-UTI Energy Inc is a Texas based provider of drilling and completion services to oil and natural gas exploration and production companies, offering contract drilling, integrated well completion, directional drilling services, and specialized drill bit solutions... Show more
Patterson-UTI Energy, Inc. (PTEN) provides onshore drilling and completion services to E&P companies primarily in the U.S. The company operates through three main segments: Drilling Services, Completion Services, and Drilling Products. Drilling Services offers contract drilling and measurement-while-drilling (MWD) tools; Completion Services includes hydraulic fracturing and wireline; Drilling Products manufactures drill bits. With a fleet of rigs and specialized equipment, PTEN maintains heavy exposure to the oil & gas drilling sector (100% energy allocation). This structure explains recent price behavior, as fluctuations in crude prices and rig counts directly impact demand for its services.
Over the last 30 days, PTEN fell -3%, moving from approximately $10.74 to $10.41. The decline was volatile, with sharp drops tied to oil market swings amid geopolitical news.
In the past quarter, PTEN rose +46%, climbing from around $7.15 to $10.41. The advance was trend-driven, supported by improving energy sector momentum and positive corporate developments.
PTEN's modest decline stemmed from a sharp oil price drop after a U.S.-Iran ceasefire announcement reduced the geopolitical risk premium, pressuring crude benchmarks like WTI. Lower oil prices dampen E&P spending, curbing demand for PTEN's drilling rigs and fracking services. Analyst actions were mixed, with upgrades from Morgan Stanley ($10 target) and Susquehanna ($13) offset by broader sector weakness. Market sentiment shifted as investors awaited Q1 earnings, with shares exhibiting range-bound trading amid heightened volatility in oil & gas services.
The strong quarterly gain reflected robust Q4 2025 results, with revenue of $1.2 billion beating estimates and EPS outperforming expectations. Analyst upgrades, including Goldman Sachs to $9 and Citigroup to $11, boosted confidence. Rising oil prices earlier in the period, driven by Middle East tensions, supported U.S. rig counts and E&P activity, benefiting PTEN's core segments. Institutional interest remained steady, with major ETFs like XES maintaining exposure. Cumulative macro tailwinds in energy demand outweighed headwinds from fluctuating commodity prices.
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Investors should monitor Q1 2026 earnings for insights into rig utilization and free cash flow. Track crude oil prices and U.S. rig counts as proxies for E&P capex. Geopolitical developments in the Middle East, including Strait of Hormuz risks, could sway commodity sentiment. Sector trends in oilfield services, peer performance, and institutional flows into energy ETFs will also influence PTEN. Key risks include prolonged low oil prices curbing drilling activity.
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PTEN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where PTEN's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Indicator entered the oversold zone -- be on the watch for PTEN's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PTEN advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on June 15, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PTEN as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PTEN turned negative on May 21, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
PTEN moved below its 50-day moving average on June 15, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for PTEN crossed bearishly below the 50-day moving average on June 18, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PTEN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PTEN entered a downward trend on June 26, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.226) is normal, around the industry mean (1.521). P/E Ratio (51.000) is within average values for comparable stocks, (151.424). Projected Growth (PEG Ratio) (0.700) is also within normal values, averaging (3.755). Dividend Yield (0.035) settles around the average of (0.029) among similar stocks. P/S Ratio (0.835) is also within normal values, averaging (84.522).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PTEN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PTEN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of onshore contract drilling and pressure pumping services
Industry ContractDrilling