Patterson-UTI Energy Inc (PTEN) Fair Value & Analysis
Energy · US · Market cap $3.6B · ISIN US7034811015
What is Patterson-UTI Energy Inc really worth?
Patterson-UTI Energy Inc
PTEN · US
Below-average quality, currently priced close to our fair value of $12.20.
Strengths
Risks
For context
Fair value as of: Aug 20, 2026
From 11 valuation models · updated 16 days ago
Share price +24.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range ($8.58 to $15.81) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.
How to read this chart
60‑month range $5.00 – $17.20 · fair‑value band $8.58 – $15.81 · the $12.55 price screens above the $12.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Patterson-UTI Energy Inc (PTEN) currently trades at $12.55, while our model-based Fair Value estimate is $12.20, implying the stock looks roughly 2.9% fairly valued today. The Quality Score stands at 34/100 (below-average quality), in the Energy sector. Bull case: the DCF Models group reads highest at a median of $19.42 per share, and 8 of the 11 models we run sit above the $12.55 price. Bear case: the Asset-Based group reads lowest at $5.68, and 3 of the 11 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Patterson-UTI Energy Inc generated revenue of $4.7B at a net margin of −2.6%. Revenue declined 12.7% year over year. It earns a return on equity of −3.6%. Net debt stands at $860M. Fundamentals as of Aug 20, 2026
Our scenario range runs from $8.58 (bear case) to $15.81 (bull case); at $12.55, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 155% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −50% fair-value upside, at −3%, PTEN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 11 models by family
Widest divergence: DCF Models ($19.42) versus Asset-Based ($5.68). Highest evidence: FCF DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 77
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products.
Full company description
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision of contract and directional drilling, and measurement-while-drilling (MWD) services in onshore oil and natural gas basins; supply and rental of downhole performance motors, such as Mpact drilling motors, and Mpower MWD systems; electrical controls and automation to the energy, marine, and mining industries; rig fleet evaluation; and drilling technology service. This segment also provides software and services, such as MWD Survey Fault Detection, Isolation and Recovery (FDIR) services, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; and HiFi Guidance that utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, equipment, materials, and cementing, as well as involved in the power solutions natural gas fueling, and last mile logistics and storage businesses. The Drilling Products segment engages in the design, manufacture, sale, and rental of matrix and steel-bodied polycrystalline diamond compact drill bits. It also rents oilfield tools; and offers specialized services for land-based oil and natural gas drilling, completion, and workover activities. The company was founded in 1978 and is headquartered in Houston, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Patterson-UTI Energy Inc reported revenue of $4.8B in FY2025 versus $1.4B in FY2021, a compound +37.3%/yr. Reported net income was −$93.6M in FY2025.
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Patterson-UTI (PTEN): Buy, Sell, or Hold Post Q2 Earnings?
- ProPetro, Patterson-UTI, and HighPeak Energy Stocks Trade Up, What You Need To Know
Peer Group
Oil & Gas Drilling · 34 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Noble Corporation NE | $45.76 | $23.09 | −50% |
| Sinopec Oilfield Service Corporation 600871 | ¥2.22 | ¥0.4900 | −78% |
| Transocean Ltd RIG | $5.70 | $2.16 | −62% |
| Valaris Limited VAL | $85.21 | $58.91 | −31% |
| Helmerich & Payne, Inc HP | $42.55 | $9.25 | −78% |
| Seadrill Limited SDRL | $46.72 | $10.17 | −78% |
| Odfjell Drilling Ltd ODL | kr 95.30 | kr 53.75 | −44% |
| Arabian Drilling Company 2381 | 88.90 SAR | 11.09 SAR | −88% |
| Borr Drilling Limited BORR | kr 41.63 | kr 26.64 | −36% |
| Nabors Industries Ltd NBR | $91.71 | $209.14 | +128% |
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