PTEN
Patterson-UTI Energy, Inc.
PTEN lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
PTEN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Unavailable |
PTEN's revenue is currently healthy, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
PTEN PE Valuation
PTEN has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 27x next year's earnings.
PTEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect PTEN to return to profit, with revenue growing. However, they disagree widely on these estimates.
PTEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.40 | — |
| Q3 2026 | -$0.05 | +$0.28 |
| Q2 2026 | -$0.22 | +$2.51 |
| Q1 2026 | -$0.30 | +$2.27 |
| Q4 2025 | -$0.24 | +$2.20 |
| Q3 2023 | $1.31 | +$2.86 |
| Q2 2023 | $1.59 | +$3.86 |
| Q1 2023 | $1.29 | +$4.21 |
| Q4 2022 | $0.70 | +$4.06 |
PTEN is still losing money, but far less than before: $0.05 per share over the past year, against $4.84 at its worst in mid-2020.
PTEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +14% |
| Q2 2026 | $1.2B | +0.7% |
| Q1 2026 | $1.1B | -13% |
| Q4 2025 | $1.2B | -1% |
| Q3 2025 | $1.2B | -13% |
| Q2 2025 | $1.2B | -9.6% |
| Q1 2025 | $1.3B | -15% |
| Q4 2024 | $1.2B | -27% |
PTEN's revenue is recovering but still below its 2023 peak: $1.3B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +7.1 points |
| Q2 2026 | -0.6% | +1.9 points |
| Q1 2026 | -1.3% | -2.6 points |
| Q4 2025 | 0% | +2.7 points |
| Q3 2025 | -2.4% | +71 points |
| Q2 2025 | -2.4% | -5.8 points |
| Q1 2025 | 1.3% | -4.4 points |
| Q4 2024 | -2.7% | -9.8 points |
PTEN's operating margin was 4.7% last quarter, up 7.1 points from the same quarter a year ago.
PTEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $159.6M | +124% |
| Q2 2026 | -$99.8M | -$95.4M |
| Q1 2026 | -$52.8M | -214% |
| Q4 2025 | $259M | +48% |
| Q3 2025 | $71.3M | -38% |
| Q2 2025 | -$4.5M | -107% |
| Q1 2025 | $46.3M | -67% |
| Q4 2024 | $175.5M | -29% |
PTEN still generates free cash flow, though less than at its 2025 peak: $266M over the past year.
PTEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +4.2M shares |
| 1 year | +0.4% | +1.5M shares |
| 3 years | +84% | +175M shares |
| 5 years | +104% | +196M shares |
| Available history | +89% | +181M shares |
PTEN has 384M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $24.2M |
| Q2 2026 | $9.1M |
| Q1 2026 | $350,000 |
| Q4 2025 | $212,000 |
| Q3 2025 | $33.6M |
| Q2 2025 | $15.6M |
| Q1 2025 | $20.3M |
| Q4 2024 | $20.5M |
PTEN spent $34M buying back its own shares over the past year, down 62% from the year before.
PTEN Net Leverage
PTEN's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
PTEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.5 | Neutral |
| Stochastic | 46.8 | Neutral |
PTEN's weekly RSI is 49 (neutral) and its Stochastic is 47 (neutral).
PTEN PE vs Energy Sector
| Metric | PTEN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
PTEN has no meaningful PE right now: it lost money over the past year.
PTEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.4 | 6% below |
| 20 week MA | $11.1 | 4.1% below |
| 50 week MA | $10.0 | 6.6% above |
| 100 week MA | $8.31 | 28% above |
| 200 week MA | $9.87 | 8.1% above |
PTEN has slipped below its 8- and 20-week averages, though it's still 8.1% above its 200-week average.
PTEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.4 | $5.30 | -49% |
| 2021 | $5.30 | $8.75 | +65% |
| 2022 | $8.75 | $16.9 | +93% |
| 2023 | $16.9 | $10.8 | -36% |
| 2024 | $10.8 | $7.85 | -27% |
| 2025 | $7.85 | $5.85 | -25% |
| 2026 YTD | $5.85 | $10.7 | +82% |
PTEN has finished three years in a row lower, and it's up 82% so far in 2026.