PTEN
Hot AirPatterson-UTI Energy, Inc. · Energy · United States · $4.6B cap · $73.3M/day traded
$9.92 -0.3% · close 6 Nov · scored 7 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
After its 28 Oct results, analysts left next year's EPS estimate little changed.
As of 7 Nov 2026, the MoatMap Score for Patterson-UTI Energy, Inc. (PTEN) is 49/100, ranked against 25,000+ stocks in 38 markets (Quality 42, Value 41, Momentum 61, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT PATTERSON-UTI ENERGY, INC.
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Patterson-UTI Energy, Inc. is a leading provider of drilling and completion services to oil and natural gas operators in the United States and Canada, also owning and operating a large fleet of pressure pumping equipment. Its competitive moat is derived from its modern, high-performance drilling rig fleet, comprehensive suite of services, and vertical integration, positioning it as a key partner for E&P companies.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.6B | 4.1B | 5.4B | 4.8B | 22.2% | 4.8B | 5.0B | 5.5B | 6.3% |
| EPS | 0.72 | 0.88 | -2.44 | -0.24 | 22.2% | -0.06 | — | — | — |
| Shares | 213.6M | 411.2M | 387.3M | 379.3M | +77.6% | 379.4M | — | — | — |
| Debt | 855.7M | 1.3B | 1.3B | 1.3B | 14.4% | 1.3B | — | — | — |
| Equity | 1.7B | 4.8B | 3.5B | 3.2B | 24.6% | — | — | — | — |
| Op CF | 566.2M | 1.0B | 1.2B | 961.2M | 19.3% | 818.4M | — | — | — |
| Inv CF | -413.2M | -1.0B | -654.7M | -567.2M | — | — | — | — | — |
| Fin CF | -133.4M | 65.6M | -475.0M | -210.7M | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Swung more than 66% of stocks we rank over the past year (volatility 53% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of PTEN are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| PTEN | Patterson-UTI Energy, Inc.(you) | $4.6B | 49 |
| HP | Helmerich & Payne, Inc. | $3.9B | 46 |
| SDRL | Seadrill Limited | $3.3B | 34 |
| VAL | Valaris Limited | $6.8B | 23 |
| NE | Noble Corporation plc | $7.6B | 23 |
| SOC | Sable Offshore Corp. | $625M | 2 |
| TDW | Tidewater Inc. | $4.3B | 47 |
| OII | Oceaneering International, Inc. | $3.9B | 48 |
| EE | Excelerate Energy, Inc. | $3.7B | 47 |
| WFRD | Weatherford International plc | $6.3B | 49 |
Peer medians: ROE 10.2% · P/E 14.0x · Gross margin 45.5%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.