Patterson-UTI Reports Drilling Activity for October 2026
HOUSTON, TX / ACCESS Newswire / / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of October 2026, ...
Model output · Signal date 2026-11-06
Patterson Uti Energy Inc (PTEN) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
13.0%
Spearman, 357 dates
Market Cap
$3.79B
mid-cap · #3 of 11 peers
Summary
Patterson Uti Energy Inc (PTEN) stock forecast summary
Our AI scores Patterson Uti Energy Inc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Patterson Uti Energy Inc is a mid-cap company with a market capitalization of $3.79B. It ranks number 3 by market capitalization among the 11 Drilling Oil & Gas Wells issuers in our coverage with a current forecast.
For PTEN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 13.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 1.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, PTEN included.
Price
PTEN price chart and AI forecast
Cross-section · 2026-11-06
How PTEN ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Patterson Uti Energy Inc (PTEN) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Drilling Oil & Gas Wells peers listed below that report each metric.
Valuation & Market
| Metric | PTEN | Rank |
|---|---|---|
| Market Cap | $3.79B | 3/11 |
| P/B Ratio | 1.24x | 5/9 |
| Dividend Yield | 3.81% | – |
| EPS | $-0.07 | – |
| Book Value/Share | $8.05 | – |
| Revenue/Share | $12.69 | – |
| FCF/Share | $0.70 | – |
Profitability & Margins
| Metric | PTEN | Rank |
|---|---|---|
| ROE | -0.8% | – |
| ROA | -0.5% | – |
| ROIC | 0.9% | 9/9 |
| Operating Margin | 0.9% | 9/9 |
| Net Margin | -0.5% | – |
| EBT Margin | -0.5% | 7/10 |
| Tax Rate | -1.4% | – |
Financial Health
| Metric | PTEN | Rank |
|---|---|---|
| Current Ratio | 1.73x | 7/11 |
| Quick Ratio | 1.57x | 2/5 |
| D/E Ratio | 0.77x | 7/11 |
| Financial Leverage | 1.78x | 5/11 |
| Interest Coverage | 1.6x | 3/7 |
| Working Capital | $641M | 3/11 |
Cash Flow
| Metric | PTEN | Rank |
|---|---|---|
| Operating Cash Flow | $818M | 4/10 |
| Free Cash Flow | $266M | 4/6 |
| Capital Spending | -$552M | 4/6 |
| OCF Growth YoY | -7.0% | 7/9 |
| FCF Growth YoY | -7.9% | 4/5 |
| FCF/Sales | 5.5% | 4/6 |
| CapEx/Sales | 11.4% | 4/6 |
Operational Efficiency
| Metric | PTEN | Rank |
|---|---|---|
| Asset Turnover | 0.89x | 3/9 |
| Receivables Turnover | 5.1x | 7/9 |
| Fixed Assets Turnover | 1.9x | 3/7 |
| Days Sales Outstanding | 71 days | 3/9 |
Income Statement
| Metric | PTEN | Rank |
|---|---|---|
| Total Revenue | $4.84B | 3/9 |
| Operating Income | $42M | 9/9 |
| Net Income | -$25M | – |
| SG&A Expense | $255M | 3/5 |
Dividend & Shareholder Information
| Metric | PTEN | Rank |
|---|---|---|
| Dividends Per Share | $0.38 | – |
| Shares Outstanding | 381M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.52B | 27.8% of assets |
| Cash & Short-term Investments | $337M | 6.2% of assets |
| Accounts Receivable | $946M | 17.3% of assets |
| Inventory | $144M | 2.6% of assets |
| Total Liabilities | $2.38B | 43.6% of assets |
| Short-term Debt | $323M | 5.9% of assets |
Quarterly Financial Reports
PTEN quarterly financials and insider trading
Industry Peers · Drilling Oil & Gas Wells
Patterson Uti Energy Inc (PTEN) industry peers
Companies classified under the same SEC industry code as Patterson Uti Energy Inc (Drilling Oil & Gas Wells): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| PTEN Patterson Uti Energy Inc | $3.79B | |
| RIG Transocean Ltd. | $5.85B | |
| VAL Valaris Ltd | $5.54B | |
| HP Helmerich & Payne, Inc. | $3.52B | |
| BTE Baytex Energy Corp. | $3.20B | |
| SDRL Seadrill Ltd | $2.64B | |
| PDS Precision Drilling Corp | $1.19B | |
| NBR Nabors Industries Ltd | $1.17B | |
| BORR Borr Drilling Ltd | $1000M | |
| HPK Highpeak Energy, Inc. | $903M | |
| GLND Greenland Energy Co | $105M |
Where PTEN sits on the market map
Energy & Transportation · Drilling Oil & Gas Wells
News
Patterson Uti Energy Inc (PTEN) stock news
Transcript : Patterson-UTI Energy, Inc., Q3 2026 Earnings Call, Oct 29, 2026
Patterson-UTI Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026 CI Oct. 21 Venezuela oilfield hiring picks up as first wave of investment builds RE ...
Patterson-UTI Energy, Inc. (PTEN) Q1 2026 Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Patterson-UTI First Quarter 2026 ...
FAQ
Patterson Uti Energy Inc (PTEN) stock forecast FAQ
What is the Patterson Uti Energy Inc (PTEN) stock forecast?
Our AI scores Patterson Uti Energy Inc every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Patterson Uti Energy Inc stock predictions?
For PTEN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 13.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 1.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Patterson Uti Energy Inc forecasts updated?
Patterson Uti Energy Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Patterson Uti Energy Inc's industry peers?
11 issuers in our coverage, PTEN included, share the SEC industry code Drilling Oil & Gas Wells. The largest are: Transocean Ltd. (RIG), Valaris Ltd (VAL), Helmerich & Payne, Inc. (HP), Baytex Energy Corp. (BTE), Seadrill Ltd (SDRL), Precision Drilling Corp (PDS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.