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Patterson-UTI Energy, Inc. (PTEN)

Energy | Oil & Gas Drilling | Houston, United States | NasdaqGS
11.37 USD +0.03 (0.309%) ⇧ (Oct. 13, 2026, 2:50 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★⯪☆☆☆
Hot Take ↕ | Oct. 10, 2026, 4:41 a.m. EDT

The investment case for Patterson-UTI Energy is currently broken by a severe multi-year structural decline. Despite a recent 44% price recovery, the underlying business has suffered three consecutive years of negative annual returns, dragging the total shareholder return down nearly 78% over the last nine years. This persistent underperformance suggests the market views the current valuation as unjustified, regardless of the low P/E multiple. Fundamentally, the company is in distress with negative earnings, negative operating margins, and a payout ratio exceeding 130%, indicating the dividend is being funded by capital erosion rather than free cash flow. While the 3.5% yield looks attractive on the surface, it is unsustainable given the deteriorating balance sheet and lack of profitability. On the short end, the heavy put open interest confirms that traders are betting on continued weakness, making this a risky environment for new entries despite the recent bounce.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.217877
AutoETS0.226270
AutoARIMA0.226272
MSTL0.234562

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 40%
H-stat 2.15
Ljung-Box p 0.000
Jarque-Bera p 0.241
Excess Kurtosis -0.76
Attribute Value
Sector Energy
Ex Dividend Date 2026-08-31
Last Dividend Date 2026-08-31
Debt to Equity Ratio 41.383
Revenue per Share 12.281
Market Cap 4,314,354,688
Forward P/E 32.38
Beta 0.78
Profit Margins -1.92%
Website https://www.patenergy.com

As of Oct. 10, 2026, 4:41 a.m. EDT: Speculators are overwhelmingly positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (over 98% of total put volume) compared to negligible call activity. While there is some speculative buying of deep out-of-the-money calls (strikes 21 and 25), the dominant strategy is hedging against further declines, with significant concentration in strikes below the current price.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.78% 4.15% 4.03% 3.10%
Dividend History
Date Dividend Yield %
2026-09-01 0.10 0.781861
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 3.53
exDividendDate 2026-09-01
trailingAnnualDividendRate 0.36
trailingAnnualDividendYield 0.03177405
lastDividendValue 0.1
lastDividendDate 2026-09-01
dividendDate 2026-09-15

Info Dump

Attribute Value
52 Week Change 0.9947183
Address1 10,713 West Sam Houston Parkway North
Address2 Suite 800
All Time High 38.49
All Time Low 0.75
Ask 12.82
Ask Size 1
Audit Risk 3
Average Analyst Rating 2.1 - Buy
Average Daily Volume10 Day 6,539,960
Average Daily Volume3 Month 8,109,279
Average Volume 8,109,279
Average Volume10Days 6,539,960
Beta 0.777
Bid 9.84
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 11.365
Current Ratio 1.75
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 11.5987
Day Low 11.115
Debt To Equity 41.383
Display Name Patterson-UTI Energy
Dividend Date 1,789,430,400
Dividend Rate 0.4
Dividend Yield 3.53
Earnings Call Timestamp End 1,793,304,000
Earnings Call Timestamp Start 1,793,304,000
Earnings Timestamp 1,793,217,600
Earnings Timestamp End 1,793,217,600
Earnings Timestamp Start 1,793,217,600
Ebitda 834,163,008
Ebitda Margins 0.17854
Enterprise To Ebitda 6.488
Enterprise To Revenue 1.158
Enterprise Value 5,412,302,848
Eps Current Year -0.01917
Eps Forward 0.35104
Eps Trailing Twelve Months -0.24
Esg Populated 0
Ex Dividend Date 1,788,220,800
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 11.6126
Fifty Day Average Change -0.24760056
Fifty Day Average Change Percent -0.021321716
Fifty Two Week Change Percent 99.47183
Fifty Two Week High 13.39
Fifty Two Week High Change -2.0250006
Fifty Two Week High Change Percent -0.1512323
Fifty Two Week Low 5.24
Fifty Two Week Low Change 6.125
Fifty Two Week Low Change Percent 1.1688932
Fifty Two Week Range 5.24 - 13.39
Financial Currency USD
First Trade Date Milliseconds 752,250,600,000
Five Year Avg Dividend Yield 1.8
Float Shares 374,546,643
Forward Eps 0.35104
Forward P E 32.375225
Free Cashflow 254,212,992
Full Exchange Name NasdaqGS
Full Time Employees 7,900
Fullday Change 0.034999847
Fullday Change Percent 0.30891305
Fullday Price 11.365
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.23754999
Gross Profits 1,109,856,000
Has Pre Post Market Data 1
Held Percent Insiders 0.01923
Held Percent Institutions 1.1595
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 0
Language en-US
Last Dividend Date 1,788,220,800
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 4,314,354,688
Market State REGULAR
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 4,221,930,555
Number Of Analyst Opinions 15
Open 11.41
Operating Cashflow 733,268,992
Operating Margins -0.00471
Overall Risk 1
Payout Ratio 1.3324001
Peg Ratio 0.73
Phone 281 765 7100
Previous Close 11.33
Price Eps Current Year -592.85345
Price Hint 2
Price To Book 1.3982528
Price To Sales Trailing12 Months 0.92343634
Profit Margins -0.019199999
Quick Ratio 1.476
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.125
Region US
Regular Market Change 0.034999847
Regular Market Change Percent 0.30891305
Regular Market Day High 11.5987
Regular Market Day Low 11.115
Regular Market Day Range 11.115 - 11.5987
Regular Market Open 11.41
Regular Market Previous Close 11.33
Regular Market Price 11.365
Regular Market Time 1,791,917,440
Regular Market Volume 2,770,749
Return On Assets -0.00911
Return On Equity -0.0277
Revenue Growth 0.007
Revenue Per Share 12.281
Sand P52 Week Change 0.17502642
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 3
Shares Outstanding 379,617,653
Shares Percent Shares Out 0.0805
Shares Short 30,696,506
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 38,311,384
Short Name Patterson-UTI Energy, Inc.
Short Percent Of Float 0.0963
Short Ratio 3.64
Source Interval 15
State TX
Symbol PTEN
Target High Price 19.0
Target Low Price 12.0
Target Mean Price 13.93333
Target Median Price 13.0
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 0.03177405
Trailing Eps -0.24
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.1854
Two Hundred Day Average Change 1.1795998
Two Hundred Day Average Change Percent 0.11581281
Type Disp Equity
Volume 2,770,749
Website https://www.patenergy.com
Zip 77,064