PTEN Stock Summary and Trading Ideas (Patterson-Uti Energy | NASDAQ:PTEN)

Patterson-UTI Energy Inc is a Texas based provider of drilling and completion services to oil and natural gas exploration and production companies, offering contract drilling, integrated well completion, directional drilling services, and specialized drill bit solutions. The Company operates through three segments: Drilling Services, Completion Services, and Drilling Products. Drilling Services includes contract and directional drilling, Completion Services generates maximum revenue and includes hydraulic fracturing and related support services, and Drilling Products includes the manufacturing and distribution of drill bits. The Company operates in the United States, Canada, Colombia, and Other Countries, with the majority of revenue coming from the United States.

Patterson-Uti Energy trades on the NASDAQ stock market under the symbol PTEN.

As of March 18, 2026, PTEN stock price climbed to $10.80 with 5,851,569 million shares trading.

PTEN has a beta of 1.45, meaning it tends to be more sensitive to market movements. PTEN has a correlation of 0.18 to the broad based SPY ETF.

PTEN has a market cap of $4.10 billion. This is considered a Mid Cap stock.

Last quarter Patterson-Uti Energy reported $1 billion in Revenue and -$.02 earnings per share. This beat revenue expectation by $49 million and exceeded earnings estimates by $.09.

In the last 3 years, PTEN traded as high as $16.18 and as low as $5.10.

The top ETF exchange traded funds that PTEN belongs to (by Net Assets): IJR, AVUV, VTI, IWM, OIH.

PTEN has outperformed the market in the last year with a price return of +41.7% while the SPY ETF gained +18.4%. PTEN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +83.2% and +22.3%, respectively, while the SPY returned -0.8% and -2.4%, respectively.

PTEN support price is $10.36 and resistance is $11.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PTEN shares will trade within this expected range on the day.