Patterson Uti Energy (PTEN) Stock
US oilfield services company operating a large drilling fleet. Here's the price, business snapshot, and what's worth knowing about Patterson Uti Energy in November 2026.
Patterson-UTI Energy Inc. (PTEN) is a US-based oilfield services company specialising in land drilling rigs and associated pressure‑pumping services. Investors should know the business is highly cyclical: revenue and cash flow depend on drilling activity, oil and gas prices, rig utilisation and contract durations. The company operates a sizeable fleet and often requires significant capital expenditure to maintain or upgrade equipment, while balance-sheet strength and leverage can shape resilience during downturns. With a market capitalisation of about US$2.32bn, PTEN may offer exposure to recovery in onshore U.S. activity, but it also faces commodity price risk, competition and operational complexity. Performance can be volatile and past results do not guarantee future returns. This summary is for educational purposes only and is not personal financial advice; investors should assess suitability for their circumstances and consider seeking independent financial advice.
Patterson Uti Energy (PTEN) Stock Forecast
Analyst price target, next 12 months
$14.62
+46.4% vs today's $9.99
Price range over the last 12 months
In the middle of its 12-month range
Analysts covering Patterson Uti Energy have a consensus 12-month target of $14.62, above the current price of $9.99.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 6 Nov 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts suggest buying Patterson UTI Energy's stock with a target price of $14.21, indicating potential gains.
Financial Health
Patterson UTI Energy is showing strong revenue and cash flow, indicating good financial performance.
Dividend
Patterson UTI Energy's dividend yield of 3.07% offers a reasonable return for dividend-seeking investors. If you invested $1000 you would be paid $30.80 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Cyclical Earnings Driver
Earnings depend on drilling activity and commodity prices, so improvements in oilfield demand can lift revenue — though results can be uneven.
Fleet & Capex Focus
The size and condition of the rig and pumping fleet affect profitability and cash needs; capital intensity can pressure cash flow in slow periods.
Market Sensitivity
Exposure is mainly to North American onshore activity and operator budgets, so macro and energy‑market shifts matter for future performance.
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