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Patterson-UTI Energy, Inc. (PTEN)

Energy | Oil & Gas Drilling | Houston, United States | NasdaqGS
12.43 USD +0.17 (1.387%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 12.42 -0.01 (-0.009%) ⇩ (Aug. 28, 2026, 7:50 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 3:41 a.m. EDT

The long-term outlook is severely compromised by a brutal multi-year decline. The stock has lost over 70% of its value since 2016, and the last three years have been a relentless streak of negative annual returns, culminating in a 35.6% drop last year. Despite a recent 44% rally, the underlying business is deteriorating, evidenced by negative profit margins, negative return on equity, and a forward P/E that implies a massive multiple expansion is required just to break even. The balance sheet is fragile with debt-to-equity exceeding 40x. While the 3.3% yield looks attractive, it is a trap; the payout ratio is unsustainable at over 200%, meaning the company is paying out far more cash than it generates in earnings. The options market confirms this pessimism, with heavy put buying at deep discounts indicating a fear of further collapse. This is a value trap where the low price reflects a broken business model, not a bargain.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.137906
AutoARIMA0.137908
AutoTheta0.139172
MSTL0.140900

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 38%
H-stat 3.73
Ljung-Box p 0.000
Jarque-Bera p 0.455
Excess Kurtosis -0.45
Attribute Value
Sector Energy
Ex Dividend Date 2026-08-31
Last Dividend Date 2026-05-31
Debt to Equity Ratio 41.383
Revenue per Share 12.281
Market Cap 4,718,647,808
Forward P/E 37.40
Beta 0.65
Profit Margins -1.92%
Website https://www.patenergy.com

As of Aug. 22, 2026, 3:41 a.m. EDT: Speculators are positioning for a continued downtrend. Put open interest is heavily concentrated deep in-the-money strikes (5.0 and 7.0 for Jan 2027), while call open interest remains thin and clustered near the money. This imbalance suggests a 'bear put spread' strategy where traders are betting on significant downside protection rather than upside participation.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.87% 4.76% 3.95% 3.00%
Dividend History
Date Dividend Yield %
2026-06-01 0.10 0.867303
2026-03-02 0.10 1.133787
2025-12-01 0.08 1.362862
2025-09-02 0.08 1.393728
2025-06-02 0.08 1.451906
2025-03-03 0.08 1.068091
2024-12-02 0.08 0.960384
2024-09-03 0.08 0.916380
2024-06-03 0.08 0.769231
2024-02-29 0.08 0.691443
2023-11-30 0.08 0.683177
2023-09-06 0.08 0.559050
2023-05-31 0.08 0.821355
2023-03-01 0.08 0.558269
2022-11-30 0.08 0.445682
2022-08-31 0.04 0.268456
2022-06-01 0.04 0.211752
2022-03-02 0.04 0.272294
2021-12-01 0.02 0.288184
2021-09-01 0.02 0.262812
2021-06-02 0.02 0.202224
2021-03-03 0.02 0.263158
2020-12-02 0.02 0.427350
2020-09-02 0.02 0.549451
2020-06-03 0.02 0.450450
2020-03-04 0.04 0.744879
2019-12-04 0.04 0.430108
2019-09-04 0.04 0.472813
2019-06-05 0.04 0.382409
2019-03-06 0.04 0.308404
2018-12-06 0.04 0.312012
2018-09-05 0.04 0.243013
2018-06-06 0.04 0.209205
2018-03-07 0.02 0.105152
2017-12-06 0.02 0.095238
2017-09-06 0.02 0.114877
2017-06-06 0.02 0.092894
2017-03-06 0.02 0.072280
2016-12-06 0.02 0.069955
2016-09-06 0.02 0.097229
2016-06-07 0.02 0.093067
2016-03-08 0.10 0.575043
2015-12-08 0.10 0.692521
2015-09-08 0.10 0.679348
2015-06-08 0.10 0.478011
2015-03-09 0.10 0.561482
2014-12-08 0.10 0.655308
2014-09-08 0.10 0.307314
2014-06-10 0.10 0.298775
2014-03-10 0.10 0.340368
2013-12-13 0.05 0.210526
2013-09-12 0.05 0.245339
2013-06-12 0.05 0.249252
2013-03-13 0.05 0.204248
2012-12-12 0.05 0.279955
2012-09-12 0.05 0.305810
2012-06-13 0.05 0.363372
2012-03-13 0.05 0.267809
2011-12-13 0.05 0.257732
2011-09-13 0.05 0.217770
2011-06-13 0.05 0.174277
2011-03-11 0.05 0.185460
2010-12-13 0.05 0.226449
2010-09-13 0.05 0.303030
2010-06-11 0.05 0.340832
2010-03-11 0.05 0.319285
2009-12-11 0.05 0.329164
2009-09-11 0.05 0.343407
2009-06-11 0.05 0.336927
2009-03-10 0.05 0.582072
2008-12-10 0.16 1.409692
2008-09-10 0.16 0.724966
2008-06-10 0.16 0.495970
2008-03-10 0.12 0.538841
2007-12-10 0.12 0.597907
2007-09-10 0.12 0.542250
2007-06-12 0.12 0.459242
2007-03-13 0.08 0.370370
2006-12-12 0.08 0.313234
2006-09-12 0.08 0.330169
2006-06-13 0.08 0.313603
2006-03-13 0.04 0.146252
2005-11-10 0.04 0.121840
2005-08-12 0.04 0.121766
2005-05-12 0.04 0.160901
2005-02-24 0.04 0.160321
2004-11-10 0.02 0.106496
2004-08-12 0.02 0.123609
2004-05-13 0.02 0.127673
Additional Data
dividendRate 0.4
dividendYield 3.26
exDividendDate 2026-09-01
trailingAnnualDividendRate 0.36
trailingAnnualDividendYield 0.029363785
lastDividendValue 0.1
lastDividendDate 2026-06-01
dividendDate 2026-09-15

Info Dump

Attribute Value
52 Week Change 1.1358886
Address1 10,713 West Sam Houston Parkway North
Address2 Suite 800
All Time High 38.49
All Time Low 0.75
Ask 14.22
Ask Size 1
Audit Risk 3
Average Analyst Rating 2.1 - Buy
Average Daily Volume10 Day 7,198,460
Average Daily Volume3 Month 9,099,240
Average Volume 9,099,240
Average Volume10Days 7,198,460
Beta 0.649
Bid 10.62
Bid Size 1
Board Risk 1
Book Value 8.128
City Houston
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 12.43
Current Ratio 1.75
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 12.49
Day Low 12.115
Debt To Equity 41.383
Display Name Patterson-UTI Energy
Dividend Date 1,789,430,400
Dividend Rate 0.4
Dividend Yield 3.26
Earnings Call Timestamp End 1,785,420,000
Earnings Call Timestamp Start 1,785,420,000
Earnings Timestamp 1,785,355,200
Earnings Timestamp End 1,792,612,800
Earnings Timestamp Start 1,792,612,800
Ebitda 865,393,984
Ebitda Margins 0.18523
Enterprise To Ebitda 6.739
Enterprise To Revenue 1.248
Enterprise Value 5,831,825,920
Eps Current Year -0.02083
Eps Forward 0.33239
Eps Trailing Twelve Months -0.24
Esg Populated 0
Ex Dividend Date 1,788,220,800
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 10.286
Fifty Day Average Change 2.144
Fifty Day Average Change Percent 0.20843865
Fifty Two Week Change Percent 113.58886
Fifty Two Week High 13.08
Fifty Two Week High Change -0.6499996
Fifty Two Week High Change Percent -0.04969416
Fifty Two Week Low 5.1
Fifty Two Week Low Change 7.3300004
Fifty Two Week Low Change Percent 1.437255
Fifty Two Week Range 5.1 - 13.08
Financial Currency USD
First Trade Date Milliseconds 752,250,600,000
Five Year Avg Dividend Yield 2.68
Float Shares 373,520,718
Forward Eps 0.33239
Forward P E 37.39583
Free Cashflow 273,732,384
Full Exchange Name NasdaqGS
Full Time Employees 7,900
Fullday Change 0.17
Fullday Change Percent 1.38662
Fullday Price 12.4215
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.23754999
Gross Profits 1,109,856,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0219
Held Percent Institutions 1.16361
Implied Shares Outstanding 379,617,653
Industry Oil & Gas Drilling
Industry Disp Oil & Gas Drilling
Industry Key oil-gas-drilling
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=93860&p=irol-IRHome
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,780,272,000
Last Dividend Value 0.1
Last Fiscal Year End 1,767,139,200
Last Split Date 1,088,640,000
Last Split Factor 2:1
Long Business Summary 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.
Long Name Patterson-UTI Energy, Inc.
Market us_market
Market Cap 4,718,647,808
Market State CLOSED
Max Age 86,400
Message Board Id finmb_337694
Most Recent Quarter 1,782,777,600
Net Income To Common -89,725,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 4,679,592,403
Number Of Analyst Opinions 14
Open 12.13
Operating Cashflow 733,268,992
Operating Margins -0.00567
Overall Risk 1
Payout Ratio 2.1333
Peg Ratio 0.73
Phone 281 765 7100
Post Market Change -0.008500099
Post Market Change Percent -0.06838374
Post Market Price 12.4215
Post Market Time 1,787,961,056
Previous Close 12.26
Price Eps Current Year -596.7355
Price Hint 2
Price To Book 1.5292815
Price To Sales Trailing12 Months 1.0099705
Profit Margins -0.019199999
Quick Ratio 1.476
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.06667
Region US
Regular Market Change 0.17
Regular Market Change Percent 1.38662
Regular Market Day High 12.49
Regular Market Day Low 12.115
Regular Market Day Range 12.115 - 12.49
Regular Market Open 12.13
Regular Market Previous Close 12.26
Regular Market Price 12.43
Regular Market Time 1,787,947,200
Regular Market Volume 10,084,849
Return On Assets -0.0055400003
Return On Equity -0.0277
Revenue Growth 0.007
Revenue Per Share 12.281
Sand P52 Week Change 0.20504117
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 3
Shares Outstanding 379,617,653
Shares Percent Shares Out 0.0765
Shares Short 29,162,834
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 28,450,788
Short Name Patterson-UTI Energy, Inc.
Short Percent Of Float 0.0915
Short Ratio 3.34
Source Interval 15
State TX
Symbol PTEN
Target High Price 19.0
Target Low Price 10.5
Target Mean Price 13.85714
Target Median Price 13.5
Total Cash 201,024,000
Total Cash Per Share 0.527
Total Debt 1,285,581,056
Total Revenue 4,672,065,024
Tradeable 0
Trailing Annual Dividend Rate 0.36
Trailing Annual Dividend Yield 0.029363785
Trailing Eps -0.24
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 9.2758
Two Hundred Day Average Change 3.1542006
Two Hundred Day Average Change Percent 0.3400462
Type Disp Equity
Volume 10,084,849
Website https://www.patenergy.com
Zip 77,064