Revenue-earning U.S. rigs averaged 92 over three months at Patterson-UTI
Patterson-UTI Energy (NASDAQ: PTEN) reported that it averaged 90 drilling rigs operating in the United States for March 2026, and 92 drilling rigs for the three months ended March 31, 2026. The company clarifies that these figures represent rigs actively earning revenue under U.S. drilling contracts. PTEN cautions that rig counts alone are not a definitive indicator of financial performance and plans to continue providing monthly updates.
Assessing Patterson‑UTI Energy (PTEN) Valuation After Fresh Institutional Buying And Strong Revenue Growth
Patterson-UTI Energy (PTEN) has seen renewed institutional interest and strong revenue growth, with Tudor Investment Corp ET AL recently taking a new position. While the stock's recent performance has been strong, a common narrative suggests it is 20% overvalued with a fair value of $8.84, contrasting with Simply Wall St's DCF model which estimates a future cash flow value of $25.96. Investors are encouraged to analyze the conflicting valuations and company fundamentals to make informed decisions.
Allspring Global Investments Trims Stake in Patterson-UTI Energy
Allspring Global Investments reduced its stake in Patterson-UTI Energy by 5.7% in Q4 2025, selling 218,974 shares. The investment firm now owns 3,601,806 shares of the oil and gas company, valued at $23,304,000. This transaction reflects Allspring's portfolio adjustments and provides insight into its view on the oil and gas services sector.
2026 Stock Analysis: MasterCraft, BrightSpring, Patterson-UTI Under $50 - News and Statistics
This article analyzes three stocks trading under $50, identifying one as a potential sell and two with positive momentum in 2026. MasterCraft, a sport boat manufacturer, is flagged for declining revenue and free cash flow. In contrast, BrightSpring Health Services and Patterson-UTI are highlighted for strong revenue growth and positive market indicators.
Patterson-UTI Energy (NASDAQ:PTEN) Trading Down 5.4% - Here's What Happened
Patterson-UTI Energy (NASDAQ:PTEN) shares dropped 5.4% during mid-day trading on Wednesday, on significantly lower-than-average volume. Despite the stock dip, the company recently increased its quarterly dividend to $0.10 and reported earnings per share that beat consensus estimates. Analyst ratings are mixed, with an average "Hold" rating and an $8.11 price target, though some firms have issued "Buy" or "Outperform" ratings with higher targets.
Why is Patterson-UTI (PTEN) up 8.2% since last earnings report?
This article from MSN discusses why Patterson-UTI (PTEN) stock has seen an 8.2% increase since its last earnings report. The content suggests exploring the details behind this price movement.
Patterson-UTI Energy Hits New 52-Week High at $11.57
Patterson-UTI Energy, Inc. reached a new 52-week stock high of $11.57 on March 27, 2026, marking a significant increase from its $5.10 low. The company, a small-cap entity in the construction industry with a market capitalization of $4.7 billion, shows a high dividend yield of 175.75% but is currently operating at a loss. Despite challenges in profitability and a negative return on equity, its debt-to-equity ratio remains relatively low at 0.26.
Patterson-UTI Energy (NASDAQ:PTEN) Sets New 12-Month High - What's Next?
Patterson-UTI Energy (NASDAQ:PTEN) recently hit a new 52-week high of $11.75, trading strongly despite a consensus analyst price target of $8.11 and mixed ratings. The company beat its last quarterly earnings estimates and increased its quarterly dividend but still operates with negative margins. Insider transactions show a director sold a significant number of shares, while institutional investors have adjusted their holdings.
Citigroup Downgrades Patterson-UTI Energy (PTEN)
Citigroup has downgraded Patterson-UTI Energy (PTEN). This action by the financial institution indicates a revised outlook on the company's stock, potentially influencing investor sentiment and the stock's future performance.
The Evolution of Seventy Seven Energy: From Spin-Off to Merger
Seventy Seven Energy, initially spun off from Chesapeake Energy in 2014, went through a period of financial distress and Chapter 11 bankruptcy in 2016. Its journey concluded in April 2017 with a stock-for-stock merger into Patterson-UTI Energy, where shareholders of the former received 1.7851 shares of Patterson-UTI for each of their Seventy Seven Energy shares. The integrated entity now operates in a volatile energy sector, with market conditions expected to remain complex in 2026.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Short Interest Down 26.7% in March
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) experienced a significant 26.7% decrease in short interest in March, with the total number of shorted shares falling to 30,414,994 as of March 13th. This reduction brings the days-to-cover ratio to 2.4 days and represents 8.2% of the company's shares being sold short. Additionally, the company recently increased its quarterly dividend to $0.10, annualized at $0.40, marking a roughly 3.5% yield.
Short Interest in Patterson-UTI Energy Drops 26.7% in March
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) experienced a significant 26.7% decline in short interest during March, with short positions decreasing from 41.5 million to 30.4 million shares. This reduction, corresponding to an average daily trading volume of 12.8 million shares, suggests a more bullish outlook from some investors on the oil and gas services firm, although a considerable short position still remains. The change in short interest provides insight into evolving investor sentiment regarding the company's prospects.
Tudor Investment Corp ET AL Invests $2.21 Million in Patterson-UTI Energy
Tudor Investment Corp ET AL has acquired a new stake of 425,965 shares, valued at $2.21 million, in Patterson-UTI Energy (NASDAQ:PTEN) during the third quarter. This investment by the hedge fund signals institutional confidence despite challenges in the oil and gas industry. Analysts have mixed views, with JPMorgan Chase & Co. maintaining an 'underweight' rating, and The Goldman Sachs Group upgrading to a 'buy' rating with a higher price target.
Tudor Investment Corp ET AL Invests $2.21 Million in Patterson-UTI Energy, Inc. $PTEN
Tudor Investment Corp ET AL has initiated a new stake in Patterson-UTI Energy (NASDAQ:PTEN) worth approximately $2.21 million, acquiring 425,965 shares. This investment represents 0.11% of the company, with other institutional investors also adjusting their holdings. Analyst ratings for Patterson-UTI Energy are mixed, with a consensus "Hold" rating and a target price of $8.11, while the company recently increased its quarterly dividend to $0.10 per share.
Nordea Investment Management Reduces Stake in Patterson-UTI Energy
Nordea Investment Management AB has reduced its stake in Patterson-UTI Energy, selling over 100,000 shares in Q4 2025. This reduction by a major institutional investor could indicate broader market sentiment and uncertainty regarding Patterson-UTI Energy's future in the North American onshore drilling and pressure pumping services market. The firm now owns 554,420 shares of the company, valued at $3.4 million.
Patterson-UTI Energy Hits New 52-Week High at $11.35
Patterson-UTI Energy, Inc. has reached a new 52-week high of $11.35, reflecting a strong upward trend in its stock performance. Despite being a loss-making company with a market capitalization of approximately $4.7 billion in the construction sector, it has shown an 8.06% one-year performance and a high dividend yield of 175.75%. The company's financial metrics include a manageable debt-to-equity ratio of 0.26 and a price-to-book ratio of 1.46.
Investors Buy Large Volume of Patterson-UTI Energy Call Options (NASDAQ:PTEN)
Investors dramatically increased their purchase of Patterson-UTI Energy (NASDAQ:PTEN) call options on Friday, with volume jumping 1,343% to 32,699 contracts. This surge follows the company's recent earnings beat, where it reported an EPS of ($0.02) against an estimated ($0.11), and Q4 revenue of $1.15 billion, exceeding expectations by $50 million. Patterson-UTI Energy also announced an increased quarterly dividend of $0.10, raising its annual payout to $0.40 and offering a 3.5% yield.
Vanguard Discloses Zero Holdings in Patterson-UTI (PTEN) After Realignment
Vanguard Group (The Vanguard Group) has filed an amendment (Schedule 13G/A) stating it now holds 0% beneficial ownership in Patterson-UTI Energy Inc. (PTEN) due to an internal realignment on January 12, 2026. This realignment means certain Vanguard subsidiaries will now report their ownership separately. The filing indicates the change is procedural, with future PTEN holdings from Vanguard entities expected to appear under those separate filings.
Patterson-UTI Energy Hits New 52-Week High at $11.13
Patterson-UTI Energy, Inc. has reached a new 52-week high of $11.13, demonstrating upward momentum in the construction sector. Despite currently being loss-making and performing below the S&P 500, the company shows a positive trend with a 4.51% annual increase, a low debt-to-equity ratio, and a notable dividend yield. Its market capitalization is approximately $4.7 billion.
Patterson-UTI Energy (NASDAQ:PTEN) Reaches New 52-Week High - Here's Why
Patterson-UTI Energy (PTEN) shares reached a new 52-week high of $11.14 on Tuesday, trading around $11.1050 with increased volume. This comes after the oil and gas company beat Q4 earnings estimates and raised its quarterly dividend to $0.10 per share. Despite a consensus "Hold" rating and an average price target of $8.11 from analysts, several institutions have recently adjusted their positions in the company.
PTEN SEC Filings - Patterson-Uti Energy Inc 10-K, 10-Q, 8-K Forms
This page provides a comprehensive overview of Patterson-UTI Energy (PTEN) SEC filings, including 10-K, 10-Q, and 8-K reports, which are crucial for investors and traders to understand the company's financial performance and corporate events. The platform offers AI-powered summaries of these documents, detailing recent events such as a director's resignation, an updated investor presentation, and a Schedule 13G/A filing from Blackstone-related entities. It also provides key stock data like market cap and industry information for PTEN.
Does Patterson UTI Energy (PTEN) Offer Value After Its Strong Recent Share Price Run?
This article analyzes Patterson-UTI Energy (PTEN) to determine if its current share price reflects its true value, especially after recent strong performance. Using a Discounted Cash Flow (DCF) model and Price/Sales (P/S) ratio, the analysis provides a mixed valuation, with DCF suggesting undervaluation and P/S indicating it's slightly overvalued compared to its "Fair Ratio." The article encourages investors to use personalized narratives to align the company's story with specific financial assumptions.
Does Patterson UTI Energy (PTEN) Offer Value After Its Strong Recent Share Price Run?
Patterson-UTI Energy (PTEN) has seen a significant share price run, but a Discounted Cash Flow (DCF) analysis suggests it is still undervalued by 57.9%, with an estimated intrinsic value of $25.44 per share against a recent price of $10.72. However, its Price-to-Sales (P/S) ratio of 0.84x is slightly above its proprietary "Fair Ratio" of 0.79x, indicating it might be slightly overvalued by this metric. The article encourages investors to consider different narratives and their underlying assumptions to determine the stock's true value.
Patterson-UTI Energy Hits New 52-Week High at $11.09
Patterson-UTI Energy, Inc. has reached a new 52-week high of $11.09 as of March 19, 2026, marking a significant increase from its 52-week low of $5.10. The company, with a market capitalization of USD 4.7 billion, shows a high dividend yield of 175.75% and a low debt-to-equity ratio of 0.26, despite reporting a negative return on equity of -2.87%.
Patterson-UTI Energy Hits New 52-Week High at $10.87
Patterson-UTI Energy, Inc. has reached a new 52-week high of $10.87, significantly up from its previous low of $5.10. The company, operating in the construction industry with a market capitalization of $4.7 billion, maintains a high dividend yield of 175.75% and a low debt-to-equity ratio despite being in a loss-making position. Its return on equity remains negative at -2.87%, and its one-year stock performance of 3.07% is lower than the S&P 500's 17.99%.
Insider Selling: Patterson-UTI Energy (NASDAQ:PTEN) Director Sells 164,775 Shares of Stock
Patterson-UTI Energy (NASDAQ:PTEN) Director Robert Wayne Drummond Jr. recently sold 164,775 shares of the company's stock for over $1.67 million. The sale occurred on March 16th at an average price of $10.18 per share. Despite the insider selling, the company's stock was trading up, and it recently increased its quarterly dividend.
Patterson-UTI (NASDAQ: PTEN) director-linked trusts sell 164,775 shares
Patterson-UTI Energy director Robert Wayne Drummond Jr. reported the sale of 164,775 shares of common stock at an average price of $10.18 per share through trust accounts. Although the sale reduced his indirect holdings from these trusts to zero, he maintains a substantial direct ownership of 1,512,947 shares. This transaction, revealed in a Form 4 filing, indicates a shift in his equity exposure while he retains a significant stake in the company.
Patterson-UTI Energy, Inc. Hits New 52-Week High at $10.78
Patterson-UTI Energy, Inc. has reached a new 52-week high of $10.78, indicating a positive shift in its stock performance. The company, operating in the construction industry with a market cap of approximately USD 4.7 billion, has shown resilience despite being currently loss-making. It boasts a high dividend yield and manageable debt levels, though its one-year performance lags behind the S&P 500.
Patterson UTI Energy director Drummond sells $1.67 million in stock
Patterson UTI Energy director Robert Wayne Drummond Jr. sold 164,775 shares of common stock for $1.67 million. This transaction occurred on March 16, 2026, with shares sold at a weighted average price of $10.18. Following the sale, Drummond directly owns over 1.5 million shares, and the stock is trading near its 52-week high, while recent company financial results surpassed Wall Street expectations.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Receives Consensus Recommendation of "Hold" from Analysts
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has received a consensus "Hold" rating from analysts, with an average 12-month price target of $8.11, below its recent open of $10.14. Despite beating last quarter's earnings and revenue estimates and increasing its quarterly dividend to $0.10, the company remains unprofitable with a negative return on equity and net margin. Significant insider selling occurred in December, while institutional investors have substantially increased their holdings, now owning about 97.9% of the stock.
Patterson-UTI Energy Hits New 52-Week High at $10.46
Patterson-UTI Energy, Inc. reached a new 52-week high of $10.46 on March 16, 2026, despite a 2.69% decline in its one-year performance. The small-cap company, with a market capitalization of approximately $3.9 billion, shows a high dividend yield of 199.44% and a manageable debt-to-equity ratio of 0.26, though it is currently loss-making. This milestone highlights its recent stock activity and market presence within the construction industry.
Holocene Advisors LP Increases Stock Holdings in Patterson-UTI Energy, Inc. $PTEN
Holocene Advisors LP significantly increased its stake in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by 176.6% in the third quarter, now owning 9,228,022 shares valued at $47.8 million. Other institutional investors like Dimensional Fund Advisors LP and American Century Companies Inc. also adjusted their holdings. Analysts have a mixed view on PTEN, with a consensus "Hold" rating and an average target price of $8.11, while the company recently reported earnings that topped estimates and increased its quarterly dividend.
Patterson-UTI inks rig lease deal for Archer's Vaca Muerta operations
Patterson-UTI Energy has secured a rig lease agreement with Archer, granting Archer the exclusive right to operate 39 drilling rigs, along with related equipment and services, in the Vaca Muerta shale play in Argentina. This deal, valued at $230 million over three years, allows Archer to expand its drilling services in the region while Patterson-UTI exits its direct operations in Argentina but retains the right to resume if certain conditions are met. Archer aims to enhance its Vaca Muerta drilling portfolio and become a comprehensive service provider, potentially reducing operating costs and improving efficiency.
(PTEN) Movement Within Algorithmic Entry Frameworks
This article analyzes Patterson-uti Energy Inc. (NASDAQ: PTEN) using algorithmic entry frameworks. It highlights strong sentiment across all time horizons supporting an overweight bias, despite elevated downside risk due to a lack of long-term support signals. The report provides specific institutional trading strategies including position trading, momentum breakout, and risk hedging, along with multi-timeframe signal analysis for support and resistance levels.
Robert Drummond files Form 144 to sell 400,000 shares — PTEN (NASDAQ: PTEN)
Robert Drummond Jr., an insider at Patterson-UTI Energy Inc. (PTEN), has filed a Form 144 indicating a proposed sale of 400,000 common shares. The filing also notes prior Restricted Stock Units (RSUs) acquired as compensation in September 2023. The sale occurred on March 13, 2026, for a total of $3,268,400.
Patterson-UTI inks rig lease deal for Archer's Vaca Muerta operations
Patterson-UTI has secured a rig lease deal with Archer, a leading oilfield services provider, to support their operations in the Vaca Muerta shale play in Argentina. This agreement will provide Archer with essential equipment to continue its drilling activities in the region. The deal highlights the ongoing development and investment in the Vaca Muerta formation, a key area for high-potential unconventional oil and gas resources.
Patterson-UTI Energy Hits New 52-Week High at $10.38
Patterson-UTI Energy, Inc. reached a new 52-week high of $10.38 on March 13, 2026, despite a 1.25% decline in its one-year performance compared to the S&P 500's 20.12% gain. The company, a small-cap player in the construction industry with a market capitalization of approximately $3.9 billion, is currently loss-making but maintains a low debt-to-equity ratio of 0.26. Its financial metrics include a dividend yield of 199.44% and a return on equity of -2.87%.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Short Interest Up 31.6% in February
Patterson-UTI Energy (NASDAQ:PTEN) experienced a significant 31.6% increase in short interest during February, reaching 41,466,379 shares, which accounts for about 11.2% of its stock. Despite this, the company reported better-than-expected earnings, with EPS of –$0.02 against an anticipated –$0.11, and its revenue also surpassed estimates. Additionally, Patterson-UTI Energy recently raised its quarterly dividend to $0.10 per share, offering an annualized yield of 3.9%.
A Look At Patterson UTI Energy (PTEN) Valuation After Analyst Upgrades Strong Results And Dividend Increase
Patterson-UTI Energy (PTEN) has seen renewed investor interest following positive analyst reactions, a dividend increase, and optimism in the drilling sector. While current analyst consensus suggests the stock is overvalued at $10.29 with a fair value estimate of $8.84, Simply Wall St's DCF model indicates potential undervaluation, estimating a fair value of $25.20. Investors are encouraged to consider both perspectives and the inherent risks flagged by management regarding drilling activity and capital spending.
A Look At Patterson UTI Energy (PTEN) Valuation After Analyst Upgrades Strong Results And Dividend Increase
Patterson-UTI Energy (PTEN) has seen renewed investor interest following positive analyst reactions, strong quarterly results, and a dividend increase. Despite analysts suggesting the stock is overvalued at $10.29 with a fair value estimate of $8.84, their own discounted cash flow model suggests the shares could be significantly undervalued at an estimated $25.20, presenting a conflicting valuation picture for investors. The article encourages readers to examine the financial details themselves to form an investment decision.
Patterson-UTI Energy, Inc. $PTEN Shares Acquired by Magnetar Financial LLC
Magnetar Financial LLC significantly increased its stake in Patterson-UTI Energy (NASDAQ:PTEN) during Q3, acquiring an additional 247,010 shares to own a total of 280,919 shares valued at approximately $1.46 million. This comes as Director James Carl Stewart sold a large portion of his shares, reducing his ownership by over 64%. The company also raised its quarterly dividend to $0.10, yielding about 4.1%, and reported better-than-expected quarterly EPS.
Signia Small Cap Value Strategy Decided to Divest Its Holdings in Patterson-UTI (PTEN)
Signia Small Cap Value Strategy, a boutique money management firm, announced its decision to divest its holdings in Patterson-UTI Energy, Inc. (PTEN) in its Q4 2025 investor letter. The strategy rotated out of PTEN into LBRT, believing LBRT offered a similar valuation with stronger near-term catalysts, a move that proved beneficial with LBRT outperforming PTEN significantly. Despite PTEN being held by many hedge funds, Signia's conviction is now in AI stocks with higher return potential.
Victory Capital Management Inc. Grows Stock Holdings in Patterson-UTI Energy, Inc. $PTEN
Victory Capital Management Inc. increased its stake in Patterson-UTI Energy by 4.9% during the third quarter, bringing its total holdings to 2,312,232 shares valued at approximately $11.98 million. Simultaneously, insiders like Director James Carl Stewart reduced their positions. The company recently increased its quarterly dividend to $0.10 and reported better-than-expected quarterly earnings.
Does Patterson-UTI (PTEN) Insider Selling Undercut The Dividend-Higher Free Cash Flow Narrative?
Goldman Sachs has reaffirmed its positive outlook on Patterson-UTI Energy (PTEN), citing strong adjusted free cash flow in FY 2025 and a 25% increase in its quarterly dividend for early 2026. However, a pattern of insider selling, including a recent sale by Director Tiffany Cepak, introduces a cautionary note. This article explores how these developments, particularly the increased dividend funded by solid cash flow, influence PTEN's investment narrative amidst its cyclical oilfield services business model.
Higher oil prices will not lead to more U.S. production, Patterson-UTI CEO says (PTEN:NASDAQ)
Patterson-UTI CEO Andy Hendricks stated that surging energy prices from the Middle East conflict will not result in increased U.S. oil production. He emphasized that the market lacks the predictability necessary to ensure more drilling activity. This suggests a cautious outlook on domestic production despite price hikes.
Higher oil prices will not spur more US production, oilfield services company Patterson-UTI says
Higher oil prices resulting from geopolitical events will not immediately increase U.S. oil production, according to Andy Hendricks, CEO of Patterson-UTI. He stated that the lack of market predictability and the long lead times for bringing new wells online prevent a quick response to price surges. U.S. oil production is already near record levels, and future output will depend on the stability of the situation in Iran and trade through the Strait of Hormuz.
Dynamic Technology Lab Private Ltd Buys Stake in Patterson-UTI Energy
Dynamic Technology Lab Private Ltd has acquired a new stake in Patterson-UTI Energy, purchasing 191,501 shares valued at approximately $992,000. This investment gives the firm a 0.05% ownership in the oil and gas company and signals investor confidence in the sector despite market challenges. Patterson-UTI Energy is a major provider of onshore contract drilling and pressure pumping services in North America.
Kingsview Wealth Management LLC Sells 411,975 Shares of Patterson-UTI Energy, Inc. $PTEN
Kingsview Wealth Management LLC significantly reduced its stake in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) by selling 411,975 shares, leaving it with holdings valued at about $565,000. Additionally, Director James Carl Stewart sold 368,254 shares, decreasing his ownership by 64%. Despite these sales, the company recently increased its quarterly dividend to $0.10, and analysts currently hold a consensus "Hold" rating with an average price target of $8.11.
Royce & Associates LP Has $496,000 Position in Patterson-UTI Energy, Inc. $PTEN
Royce & Associates LP significantly reduced its stake in Patterson-UTI Energy by 93.0% in Q3, now holding shares valued at $496,000. Despite beating Q3 earnings estimates with revenue of $1.15 billion, the oil and gas company still shows negative margins, and its stock has a "Hold" consensus rating with an average target of $8.11. Patterson-UTI Energy recently increased its quarterly dividend to $0.10, even as a director sold a substantial amount of shares.
Why Is Patterson-UTI (PTEN) Up 8.2% Since Last Earnings Report?
Patterson-UTI (PTEN) shares have risen 8.2% since its last earnings report, outperforming the S&P 500. The company reported a narrower-than-expected Q4 2025 loss and revenues that beat estimates, primarily driven by its Completion Services segment and reduced operating costs. Investors are now watching to see if this positive trend will continue towards its next earnings release.
