Nabors Surges 155% in a Year: Here's How to Play the Stock
Nabors Industries Ltd. (NBR) has seen a significant 155.3% surge in its stock over the past year, outperforming competitors and the broader oil and energy sector. The company's strong Q2 2026 execution, raised EBITDA outlook, and dominant position in the Saudi Arabian drilling market through its SANAD joint venture are key drivers. However, challenges such as weak free cash flow, heavy capital spending, geopolitical risks in the Middle East, and disciplined U.S. customer spending temper its immediate growth prospects, leading to a Zacks Rank #3 (Hold) recommendation.
Morgan Stanley Adjusts PT on Patterson-UTI Energy to $12 From $11, Keeps Equalweight Rating
Morgan Stanley has increased its price target for Patterson-UTI Energy (PTEN) to $12 from $11, while maintaining an Equalweight rating on the stock. This adjustment comes amidst other recent analyst activity, including upgrades from JPMorgan and Piper Sandler, and follows the company's Q2 2026 earnings report and increased drilling activity. The article highlights recent news and financial details for Patterson-UTI Energy, a provider of drilling and completion services in the oil and natural gas sector.
Patterson-UTI Energy (PTEN) After The ESOP Filing As Fair Value Still Sits Higher
Patterson-UTI Energy (PTEN) is under renewed focus following a shelf registration for up to 28,900,000 common shares related to its Employee Stock Ownership Plan, occurring after significant stock performance. The company's fair value is estimated at $13.21, slightly above its current price, driven by anticipated increased natural gas demand and technological advancements. However, challenges like softer drilling activity and high capital needs present ongoing risks, urging investors to evaluate both potential rewards and warning signs.
Patterson-UTI reports 98 average US drilling rigs operating in July 2026
Patterson-UTI reported an average of 98 drilling rigs operating in the US in July 2026. This news brief was generated by Public Technologies (PUBT) using AI and is based on original content from Patterson-UTI Energy Inc. The content is for informational purposes only and not investment advice.
Patterson-UTI Energy Inc (PTEN) Shares Surge 4.3% -- What GF Score of 63 Tells Investors
Patterson-UTI Energy Inc (PTEN) shares surged 4.3% to $11.37, marking significant year-to-date and annual gains despite the stock being considered 40.0% overvalued according to GuruFocus's GF Value estimate of $8.12. The company, currently unprofitable and cash-flow-negative, has a GF Score of 63/100, indicating above-average potential but weaknesses in momentum and moderate financial strength. Insider selling of $4.2 million with no buying activity suggests a lack of confidence and further validates the overvaluation concerns among institutional investors.
Patterson-UTI had 98 U.S. drilling rigs earning revenue in July
Patterson-UTI Energy reported that it had an average of 98 drilling rigs operating in the United States in July 2026, earning revenue under drilling contracts. The company plans to continue providing monthly updates on its U.S. drilling rig activity. PTEN cautioned that the number of operating rigs alone does not fully indicate financial performance, as other factors also play a significant role.
PTEN4666386 Bond Coupon Profile — Rate & Payments
This article provides a coupon profile for the Patterson-UTI Energy, Inc. bond with CUSIP PTEN4666386. It details the bond's interest rate of 3.95% and states that the next payment is scheduled for February 1, 2027. The article also indicates that further in-depth coupon data, including historical payments and full payout schedules, is available.
Oil Above $80: 2 Energy Stocks You Don't Want to Miss
Amid renewed Middle East tensions driving oil prices above $80 per barrel, this article highlights two energy stocks, Patterson-UTI (PTEN) and Cactus, Inc. (WHD), as promising investment opportunities. Both companies are expected to benefit from increased exploration and production activities in the oil and gas sector due to the supportive commodity price environment. Patterson-UTI is poised to gain from robust demand for its drilling and completion services, while Cactus, a manufacturer of pressure-control technologies, will capitalize on the favorable pricing environment for onshore oil and gas wells.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Given Consensus Rating of "Moderate Buy" by Analysts
Analysts have given Patterson-UTI Energy, Inc. (NASDAQ:PTEN) a consensus rating of "Moderate Buy," with an average 12-month price target of $12.95, significantly higher than its recent trading price of $10.90. Despite this positive outlook, company insiders, including the COO and CEO, have recently sold a substantial number of shares. The company continues to offer a quarterly dividend of $0.10 per share, resulting in an annual yield of 3.7%.
Patterson-UTI Energy (PTEN) Narrowed Its Quarterly Loss, Is It Still Below Fair Value?
Patterson-UTI Energy (PTEN) recently reported a narrowed net loss of US$19.6 million on sales of US$1,227.97 million for Q2 2026, following strong short-term share price performance. The stock is currently deemed 20.7% undervalued at $13.21 per share compared to its last close of $10.48, based on assumptions of rising margins and accelerated earnings driven by technological adoption and strategic integrations. However, potential headwinds include softer drilling activity and high capital spending.
Patterson-UTI Energy Jumps 8.8% Amid Sector-Wide Rally
Patterson-UTI Energy (NASDAQ:PTEN) surged 8.8% on Monday, August 10, 2026, as part of a broad rally across oil and gas drilling stocks. This sector-wide movement, indicated by significant gains in peer companies, suggests renewed investor interest in energy services. The rally was supported by improving Wall Street sentiment, with one analyst target raise for PTEN in the past week and elevated trading volume.
Patterson UTI Energy (PTEN) Could Be 25% Undervalued Following ESOP Shelf Filing
Patterson-UTI Energy (PTEN) recently filed an ESOP shelf registration for up to US$296.8m of common stock after reporting another net loss. Despite a significant share price increase over the past year, the stock has seen a recent dip, leading investors to re-evaluate its valuation. Analysts suggest PTEN is 25.3% undervalued with a fair value of $13.21, driven by anticipated increased natural gas demand and technological advancements, though concerns about drilling activity and technology spending remain.
Patterson-UTI Energy Jumps 8.8% Amid Sector-Wide Rally
Patterson-UTI Energy (NASDAQ:PTEN) saw an 8.8% surge in its stock price, reaching $10.73, as it participated in a broad rally across the oil and gas drilling sector. This significant gain, accompanied by high trading volume, reflects renewed investor interest in energy services and coordinated upward movement among peer companies. The rally is supported by improving Wall Street sentiment, with the company receiving an analyst target raise recently.
Patterson-UTI Energy (NASDAQ:PTEN) Trading Up 9.3% - Time to Buy?
Patterson-UTI Energy (NASDAQ:PTEN) saw its stock price jump by 9.3% to $10.78, though trading volume was significantly below average. The company holds a "Moderate Buy" consensus rating from analysts with an average price target of $12.95 and recently declared a quarterly dividend of $0.10 per share. However, insider selling totaled over 363,000 shares in the last 90 days, despite institutional ownership accounting for 97.91% of the stock.
Patterson-UTI Energy (PTEN) Is Down 5.8% After ESOP Share Shelf And Narrower Q2 Loss - What's Changed
Patterson-UTI Energy (PTEN) recently filed a US$296.803 million shelf registration for 28,900,000 common shares related to an ESOP offering and reported a narrower Q2 2026 net loss of US$19.6 million on sales of US$1,227.97 million. Despite the immediate stock dip, improved analyst sentiment and reduced losses suggest investors are focusing on operational progress. The company's future hinges on the stabilization of drilling activity and its ability to achieve sustainable profitability amid industry volatility, with forecasts projecting $5.1 billion revenue and $252.2 million earnings by 2029.
Patterson-UTI Energy (PTEN) Is Down 5.8% After ESOP Share Shelf And Narrower Q2 Loss - What's Changed
Patterson-UTI Energy (PTEN) filed a US$296.803 million shelf registration for ESOP-related shares and reported a narrower Q2 2026 net loss of US$19.6 million, with sales of US$1,227.97 million. Despite the immediate stock dip, improved analyst sentiment and reduced losses suggest investors are focusing on operational progress rather than headline losses. The company's investment narrative hinges on stabilization in drilling activity and its ability to achieve sustainable profitability amid industry volatility.
Patterson-UTI Energy (PTEN) Is Down 5.8% After ESOP Share Shelf And Narrower Q2 Loss - What's Changed
Patterson-UTI Energy (PTEN) recently filed a US$296.803 million shelf registration for ESOP-related shares and reported a narrower net loss of US$19.6 million in Q2 2026, alongside US$1,227.97 million in sales. Despite a 5.8% stock drop, analysts project revenue of $5.1 billion and earnings of $252.2 million by 2029, suggesting investors are focusing on operational improvements. The company's investment narrative hinges on converting its scale and technology into sustainable profitability amidst industry volatility, with a projected fair value of $13.21.
Patterson-UTI Energy, Inc. $PTEN Position Raised by Quantinno Capital Management LP
Quantinno Capital Management LP significantly increased its stake in Patterson-UTI Energy (NASDAQ:PTEN) by 163.5% in the first quarter, now holding 503,916 shares valued at $5.46 million. Despite institutional investors owning 97.91% of the stock and multiple analyst "Buy" ratings with an average price target of $12.95, company insiders have sold approximately $4.21 million worth of shares recently. Patterson-UTI Energy also declared a quarterly dividend of $0.10 per share, offering an annualized yield of 4.0%.
Are Oils-Energy Stocks Lagging PattersonUTI Energy (PTEN) This Year?
Patterson-UTI Energy (PTEN) is outperforming the Oils-Energy sector and its industry peers this year, with its stock gaining 56.1% compared to the sector's 24% average. The company holds a Zacks Rank #2 (Buy) due to improving analyst sentiment and a positive earnings outlook. SunCoke Energy (SXC) is another strong performer in the sector, though it belongs to a different industry.
Patterson-UTI Energy (NASDAQ: PTEN) posts Q2 loss, refinances debt
Patterson-UTI Energy (PTEN) reported a Q2 2026 net loss of $19.6 million, or $0.05 per share, a significant improvement from the previous year, with revenues remaining flat at $1.23 billion. The company refinanced its debt by issuing $500 million in 6.05% senior notes due 2036 to redeem $483 million of 3.95% notes due 2028, and is exiting its Colombian contract drilling operations, incurring $21 million in related costs. PTEN expects improved adjusted gross profit in all segments for Q3 2026, driven by increased U.S. drilling activity and pricing gains.
PATTERSON UTI ENERGY INC 2026: Revenue $1.23B, Net income ($19.6M), EPS ($0.05) — 10-Q Summary
Patterson-UTI Energy Inc. reported its 2026 financial results, showing revenue of $1.23 billion, a net loss of ($19.6 million), and diluted EPS of ($0.05). These figures represent an improvement compared to the prior year quarter. The company saw increased revenue momentum, driven by stronger completion and drilling products activity, and plans to expand its operational footprint.
PTEN Jumps 20% in a Month as Rig Pricing and Demand Strengthen
Patterson-UTI Energy, Inc. (PTEN) shares have increased by 20% over the past month due to improving U.S. drilling activity, equipment utilization, and service pricing. Despite this rally and strengthening operating conditions, the company still faces earnings and commodity risks, with projected net losses and potential revenue declines in future years. The stock currently holds a Zacks Rank #2 (Buy) with strong Value, VGM, Growth, and Momentum Scores, indicating favorable characteristics despite inherent industry cyclicality and risks.
Patterson-UTI Energy Q2 Earnings & Revenues Beat Estimates
Patterson-UTI Energy (PTEN) reported strong Q2 2026 results, with adjusted earnings breaking even against an expected loss and total revenues exceeding estimates by 7%. This outperformance was driven by robust activity and pricing in its Completion Services segment and improved performance in Drilling Products and Other operations. The company also declared a quarterly dividend of 10 cents per share and provided an optimistic outlook for Q3.
Sei Investments Co. Has $10.47 Million Position in Patterson-UTI Energy, Inc. $PTEN
Sei Investments Co. significantly increased its stake in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) during the first quarter, now holding 967,160 shares valued at $10.47 million. Despite the company reporting a quarterly loss of $0.05 per share, institutional investors collectively own 97.91% of PTEN's stock, and analysts maintain a "Moderate Buy" consensus rating with an average price target of $12.75. The company also declared a $0.10 quarterly dividend and saw positive sentiment from recent upgrades and increased options activity, though insiders have sold a notable number of shares.
Patterson-UTI Energy, Inc. Revenue Breakdown – NASDAQ:PTEN
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) generated $4.83 billion in revenue last year, with its Completion Services segment being the top performer, contributing $2.89 billion. The majority of the company's revenue, $4.69 billion, originated from the United States. This data highlights the company's key revenue drivers by service segment and geographical region.
Patterson-UTI Rides Drilling Activity Wave to Beat Analyst Expectations
Patterson-UTI has surpassed analyst expectations, benefiting from increased drilling activity driven by high oil prices. The company's operations, exemplified by its Rig 285 in South Texas, are capitalizing on the favorable market conditions in the energy sector. This performance highlights the impact of current oil prices on drilling contractors.
Patterson UTI Energy (PTEN) Stock Pops On Recovery Hopes Despite Losss
Patterson-UTI Energy (PTEN) saw its stock jump 6.4% despite reporting a net loss of US$20 million in Q2 2026, driven by investor optimism about improving rig and frac activity. The company's revenue remained stable year-over-year at US$1.23 billion, and its net loss narrowed compared to the previous year. While operational progress in drilling and completion services supports a bullish outlook, concerns about capital intensity and shale cyclicality persist.
Patterson-UTI Energy Inc (PTEN) News, Articles, Events & Latest Updates
This article provides a compilation of recent news and updates concerning Patterson-UTI Energy Inc (PTEN). It highlights the company's stock performance, recent earnings reports, and analyst expectations. The articles cover topics like strengthening rig pricing, improved demand, Q2 earnings results, and analyst predictions for the stock's future.
JPMorgan Upgrades Patterson-UTI Energy to Neutral From Underweight, Raises Price Target to $12 From $10
JPMorgan has upgraded Patterson-UTI Energy (PTEN) to Neutral from Underweight and increased its price target to $12 from $10. This upgrade comes as the company recently reported that its fiscal Q2 loss narrowed and revenue rose.
PATTERSON-UTI ENERGY INC : JP MORGAN RAISES TO NEUTRAL FROM UNDERWEIGHT; RAISES TARGET PRICE TO $12 FROM $10
JP Morgan has upgraded its rating for Patterson-UTI Energy Inc. from "Underweight" to "Neutral." Concurrently, the financial institution also increased its target price for the company's stock, moving it from $10 to $12. This indicates a more positive outlook on Patterson-UTI Energy's future performance.
Patterson-UTI Energy Inc (PTEN) (Q2 2026) Earnings Call Highlights: Strong Revenue Growth and ...
Patterson-UTI Energy Inc (PTEN) reported strong sequential revenue growth of 10% in Q2 2026, with all business segments exceeding expectations and significant pricing momentum in drilling and completion services. Despite a net loss of $20 million due to non-cash charges from exiting its Colombian contract drilling business and working capital use, the company anticipates meaningful free cash flow improvement in late 2026 and 2027. Management highlighted strong demand for high-specification equipment, sustainable pricing gains, and opportunities for further pricing recovery in the completion services segment.
Patterson-UTI Energy, Inc. Q2 2026 Earnings Call Summary
Patterson-UTI Energy (PTEN) reported a Q2 2026 performance beat driven by a faster-than-anticipated recovery in U.S. shale activity and strong demand for high-specification equipment. The company highlighted strategic shifts towards natural gas-powered assets, increased drilling rig pricing, and record international revenue in its Drilling Products segment. Management expects continued activity growth, improved free cash flow in H2 2026 and 2027, and maintains a commitment to shareholder returns.
Earnings call transcript: Patterson-UTI tops revenue forecast in Q2 2026
Patterson-UTI Energy (PTEN) exceeded its Q2 2026 revenue forecast by nearly 7%, reaching $1.23 billion, driven by stronger activity in drilling services, completions, and drilling products. Despite an adjusted EPS loss of 5 cents a share, in line with forecasts, the positive revenue performance and improving market conditions led to a 2.68% increase in stock price. The company anticipates continued improvement in the second half of 2026 and into 2027, focusing on high-return rig upgrades and gas-powered frac fleets, while maintaining its dividend commitment.
Patterson-UTI Energy (NASDAQ: PTEN) Q2 revenue hits $1.23B as loss narrows
Patterson-UTI Energy reported Q2 2026 revenue of $1.23 billion, a sequential increase of 10%, with a net loss attributable to common stockholders of $19.6 million, or $0.05 per diluted share. Despite the loss, adjusted net income was nearly breakeven at $564 thousand, and Adjusted EBITDA reached $231.9 million. The company expects continued growth in its Drilling and Completion segments in Q3 and anticipates full-year 2026 free cash flow to cover its $0.10 quarterly dividend.
Patterson-UTI Energy Inc (PTEN) Financial Health: Profitability & Balance Sheet Analysis
Patterson-UTI Energy Inc (PTEN) currently holds a financial score of 6.01, placing it 76th out of 88 in the Oil & Gas Related Equipment and Services industry, indicating robust financial health but average operating efficiency. The company's latest quarterly revenue saw a 12.75% year-over-year decrease to $1.12 billion, accompanied by a significant 2550.45% decrease in net profit. Several key financial metrics like total assets, free cash flow, and income after tax have not yet been disclosed by the company.
Earnings Flash (PTEN) Patterson-UTI Energy, Inc. Reports Q2 Revenue $1.23B, vs. FactSet Est of $1.15B
Patterson-UTI Energy, Inc. (PTEN) reported Q2 revenue of $1.23 billion, surpassing FactSet's estimate of $1.15 billion. The company, a provider of drilling and completion services to oil and natural gas exploration and production companies, has seen recent analyst upgrades and reports higher drilling activity. This financial news highlights a positive performance for the energy sector company.
Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2026
Patterson-UTI Energy (NASDAQ:PTEN) reported strong second-quarter 2026 financial results, with total revenue reaching $1.2 billion, a 10% sequential increase. Despite a net loss attributable to common stockholders of $20 million, adjusted net income was $1 million, and Adjusted EBITDA was $232 million. The company expects further growth in drilling and completion activity and pricing in the third quarter, driven by increasing customer activity and a constructive commodity price environment.
Patterson-UTI Energy, Inc. Revenue Breakdown – FWB:PE1
Patterson-UTI Energy, Inc. (FWB:PE1) generated 4.11 billion EUR in revenue last year. The majority of this revenue, 2.46 billion EUR, came from its Completion Services segment, though this was a decrease from the previous year's 3.12 billion EUR. The United States was the primary regional contributor, accounting for 3.99 billion EUR.
Patterson-UTI earnings in focus as pricing lifts rig momentum By Investing.com
Patterson-UTI Energy Inc. is set to report second-quarter earnings, with analysts anticipating a loss of 4 cents per share on revenue of $1.15 billion, an improvement from the prior quarter. Investors will closely watch the company's rig count trajectory and pricing power in completion services, as analysts maintain a generally bullish stance with a consensus price target implying a 38% upside. The earnings call will provide insight into whether the company can achieve sustained profitability amid a challenging industry environment and improved crude futures pricing.
Patterson-UTI (PTEN) To Report Earnings Tomorrow: Here Is What To Expect
Patterson-UTI (PTEN), an oilfield services company, is set to report its earnings on Wednesday afternoon. Analysts expect a 4.9% year-on-year revenue decline, an improvement from last year's 9.6% decrease. The company has a history of missing Wall Street's revenue estimates multiple times in the past two years, and its stock price has remained unchanged over the last month despite positive sentiment in the oilfield services segment.
PTEN Stock Price and Chart — NASDAQ:PTEN
This article provides a comprehensive overview of Patterson-UTI Energy, Inc. (PTEN) stock, including its current price, historical performance, key financial metrics, latest earnings report, and analyst ratings. It also details the company's business segments, employee data, and lists ETFs holding PTEN stock, offering a complete profile for potential investors.
Patterson-UTI Energy Number of Employees 2026 | Employee Count & Headcount Data
Patterson-UTI Energy (PTEN) had 7,896 employees worldwide as of March 2026, marking a 7.3% decline since 2023. The company is actively hiring, with 161 active job postings in 2026, though this is a significant drop from previous years. The workforce is primarily located in North America, and the average salary is $75,416.
Patterson-UTI Energy Inc (PTEN) Dividends & Stock Splits: Historical Payouts and Event Timeline
This article provides a detailed historical overview of dividends for Patterson-UTI Energy Inc (PTEN), including past and upcoming dividend dates and amounts. It shows that the company has distributed $285.53 million in dividends over the past five years. The stock's current and after-hours trading prices are also mentioned, along with its market capitalization.
Patterson-UTI Energy Inc (PTEN) Shareholder Structure: Major Shareholders & Institutional Holdings
This article details the shareholder structure of Patterson-UTI Energy Inc (PTEN), listing major institutional holders like BlackRock and Vanguard, along with their respective proportions. It also categorizes shareholders by type and provides a historical overview of institutional shareholdings and recent activity. The content further includes related ETFs that hold PTEN stock.
Patterson-UTI Energy Drops 5.8% Amid Sector-Wide Selling
Patterson-UTI Energy (PTEN) stock dropped 5.8% on Monday due to a sector-wide selloff in the oil and gas drilling industry, closing at $9.61 with high volume. The decline was attributed to broader market weakness rather than company-specific news, with other drilling and energy services companies also experiencing losses. Investors are advised to monitor crude oil prices and rig count data for future insights into drilling activity and potential shifts in demand expectations.
PTEN|Patterson-UTI Energy Inc|Price:10.200|Chg%:-0.140
Patterson-UTI Energy Inc. (PTEN) is trading at $10.20, down 1.35%, with its fundamentals described as healthy and growth potential good, though its valuation is considered fairly valued within its industry. Analysts rate the stock as a "Buy" with a target price of $13.23, representing a 27.96% upside. Despite strong stock performance and fundamentals recently, technical indicators suggest a potential downtrend and sideways trading.
How Expected Q2 Loss and Cost Pressures At Patterson-UTI Energy (PTEN) Have Changed Its Investment Story
Patterson-UTI Energy (PTEN) is expected to report a Q2 2026 loss of 3 cents per share on revenues of US$1.15 billion due to pressures in its services segments and higher operating costs. Despite this near-term softness, the company's long-term investment narrative is supported by annual revenue growth, a large scale of US$4.66 billion, and improving EBITDA efficiency. The article explores how these anticipated challenges interact with PTEN's existing investment story, emphasizing the importance of margin stabilization and the sustained need for capital investments, which are partly mitigated by its extended US$500 million revolving credit facility.
How Expected Q2 Loss and Cost Pressures At Patterson-UTI Energy (PTEN) Have Changed Its Investment Story
Patterson-UTI Energy (PTEN) is expected to report a 3 cents per share loss in Q2 2026 on revenues of US$1.15 billion, primarily due to pressures across its Drilling Services, Completion Services, and Drilling Products segments, alongside higher operating costs. Despite this near-term softness, the company's long-term profile, including annual revenue growth and improving EBITDA efficiency, suggests its integrated services and scale could translate cyclical activity into better financial performance over time. The extension of its US$500 million revolving credit facility to 2031 provides liquidity, allowing it to continue investing in technology and high-spec fleets even through slower periods.
Patterson-UTI Energy Inc (PTEN) Institutional Confidence
Patterson-UTI Energy Inc (PTEN) has an institutional shareholding score of 10.00, placing it first among 88 companies in the Oil & Gas Related Equipment and Services industry. The institutional shareholding proportion has increased by 8.90% quarter-over-quarter, reaching 122.95%. James Simons is the largest institutional shareholder, and other major institutional investors include BlackRock, Dimensional Fund Advisors, and Fuller & Thaler Asset Management.
Patterson-UTI Energy, Inc. Revenue Breakdown – SWB:PE1
Patterson-UTI Energy, Inc. (SWB:PE1) generated 4.11 billion EUR in revenue last year. Its top-performing segment was Completion Services, contributing 2.46 billion EUR, while the United States was the largest regional contributor with 3.99 billion EUR. This information provides a snapshot of the company's financial performance by segment and geography.
