HOUSTON, TX / ACCESS Newswire / July 6, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of June 2026, the Company had an average of 95 drilling rigs operating in the United States.

Patterson-UTI Energy, Inc. (PTEN) stock price & volume — 10-year historical chart
Investment Thesis • Updated 2026Q1
while the company has eliminated its $1.3 billion debt load, the ongoing revenue contraction of 12.7% and negative operating margins of -1.3% warrant a cautious wait-and-see approach until core profitability stabilizes.
Patterson-UTI Energy, Inc. (PTEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Patterson-UTI Energy, Inc. (PTEN) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.06vs $0.10+40.0% | $1.1Bvs $1.1B+1.4% |
| Q1 2026 | Feb 4, 2026 | $0.02vs $0.11+81.8% | $1.2Bvs $1.1B+3.6% |
| Q4 2025 | Oct 22, 2025 | $0.06vs $0.10+40.0% | $1.2Bvs $1.1B+6.9% |
| Q3 2025 | Jul 23, 2025 | $0.06vs $0.04-50.0% | $1.2Bvs $1.2B+3.9% |
Recent stock market news and headlines for Patterson-UTI Energy, Inc. (PTEN)
HOUSTON, TX / ACCESS Newswire / July 6, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of June 2026, the Company had an average of 95 drilling rigs operating in the United States.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The heavy selling pressure might have exhausted for Patterson-UTI (PTEN) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Patterson-UTI Energy, Inc. (PTEN) is rated a hold due to short-term oil price volatility and long-term demand uncertainty. PTEN's Q1 2026 revenue declined 12.75% YoY, with negative net income in six of the last seven quarters. DCF analysis implies a $27.08 intrinsic value per share, but near-term oil price declines suggest PTEN will likely remain below $11 in the next year.

Key metrics vs top competitors for Patterson-UTI Energy, Inc. (PTEN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.15 | $3.47B | -38.13 | -10.25% | -1.94% | -2.79% | 3.49% | |
| $31.83 | $3.18B | -19.17 | 35.89% | -9.39% | -13.63% | — | |
| $78.09 | $1.16B | 4.55 | 8.69% | 6.43% | 14.11% | — | |
| $10.28 | $937.66M | 5.50 | 5.36% | 37.97% | 72.37% | — | |
| $10.70 | $463.43M | -8.56 | 1.41% | 11.52% | — | — | |
| $46.42 | $69.4B | 19.75 | -1.6% | 9.2% | 12.82% | — |
Patterson-UTI Energy, Inc. (PTEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Patterson-UTI Energy, Inc. (PTEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Feb 5, 2026·SEC
Jan 5, 2026·SEC
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Patterson-UTI Energy, Inc. (PTEN) stock FAQ — growth, dividends, profitability & financials explained
Patterson-UTI Energy, Inc. (PTEN) reported $4.66B in revenue for fiscal year 2025. This represents a 5472% increase from $83.7M in 1996.
Patterson-UTI Energy, Inc. (PTEN) saw revenue decline by 10.3% over the past year.
Patterson-UTI Energy, Inc. (PTEN) reported a net loss of $119.3M for fiscal year 2025.
Yes, Patterson-UTI Energy, Inc. (PTEN) pays a dividend with a yield of 3.49%. This makes it attractive for income-focused investors.
Patterson-UTI Energy, Inc. (PTEN) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.
Patterson-UTI Energy, Inc. (PTEN) generated $273.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.