Tidewater vs Patterson-UTI Energy

This page compares Tidewater (Tidewater Inc.) and Patterson-UTI Energy (Patterson-UTI Energy Inc.). It examines business models, financial performance, and market context in a neutral, accessible manner. The aim is to present information clearly for readers seeking context, not guidance. Educational content, not financial advice.

This page compares Tidewater (Tidewater Inc.) and Patterson-UTI Energy (Patterson-UTI Energy Inc.). It examines business models, financial performance, and market context in a neutral, accessible mann...

About The Companies

Tidewater (TDW)

Tidewater Inc (TDW) is a global provider of offshore support vessels (OSVs) and marine services to the oil and gas sector. With a market capitalisation of about $2.34 billion, the company’s revenue and cash flows are closely linked to offshore activity, charter rates and fleet utilisation. Investors should watch key operational indicators such as dayrates, utilisation, contract backlog and geographic mix — long-term charters can offer revenue visibility while spot activity increases sensitivity to oil prices. Tidewater’s fortunes are cyclical: higher oil exploration and production spending tends to lift demand for vessels, while downturns can depress rates and utilisation. Environmental regulation and the energy transition are additional structural factors affecting asset lifecycles and demand. This summary is for general educational purposes only and is not personalised investment advice; investors should review company reports, assess risk tolerance and consider seeking regulated financial advice.

Patterson-UTI Energy (PTEN)

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.

Comparison Snapshot

Key Financial Metrics

TDW

Metric

PTEN

$2.76B

Market Cap

$2.36B

13.07%

Potential Profit

26.95%

Hold

Analyst Rating

Hold

Which Baskets Do They Appear In?

North Sea Oil Expansion

Tap into companies positioned to benefit from Equinor's massive $1.3 billion investment in the Johan Sverdrup oilfield. Our analysts have carefully selected businesses across drilling, subsea engineering, and marine transport that are essential to this renewed North Sea activity.

Published: July 2, 2025

Explore Basket

Which Baskets Do They Appear In?

North Sea Oil Expansion

Tap into companies positioned to benefit from Equinor's massive $1.3 billion investment in the Johan Sverdrup oilfield. Our analysts have carefully selected businesses across drilling, subsea engineering, and marine transport that are essential to this renewed North Sea activity.

Published: July 2, 2025

Explore Basket

Investment Analysis

Tidewater

TDW

Pros

Tidewater reported a substantial Q2 2025 earnings per share of $1.46, significantly beating forecasts and demonstrating strong profitability.
The company maintains a robust gross margin above 50% for consecutive quarters, indicating effective cost management in a cyclical market.
Tidewater shows strong liquidity with a current ratio of 2.07 and a Piotroski Score of 9, reflecting exceptional financial health and operational strength.

Considerations

Utilization rates slightly declined from 78.4% to 76.4%, which could pressure future revenue growth if the trend continues.
Tidewater’s debt level at approximately $625 million presents some leverage risk, given its industry cyclicality and capital intensity.
Despite strong recent performance, offshore vessel markets remain volatile and sensitive to oil price fluctuations, posing ongoing market risks.

Patterson-UTI Energy

PTEN

Pros

Patterson-UTI Energy expanded its market presence through the 2023 merger with NexTier, increasing pressure pumping operations and North American market share to nearly 20%.
The company operates diversified segments including contract drilling, completion services, and drilling products, helping mitigate risk across services.
Patterson-UTI provides integrated services including directional drilling and tool rentals, allowing comprehensive service offerings in U.S. onshore oil and gas basins.

Considerations

Patterson-UTI's market cap of around $2 billion is smaller than peers, potentially limiting scale advantages in a competitive drilling sector.
The company remains highly exposed to U.S. land drilling activity, which is sensitive to commodity price volatility and regulatory changes.
Recent market data and analyst targets show moderate upside, indicating potentially limited near-term growth relative to some competitors.

Discover More Comparisons

Tidewater vs Delek US

Tidewater vs Delek Logistics

Tidewater vs TGS

Tidewater vs Patterson-UTI Energy

About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

North Sea Oil Expansion

Which Baskets Do They Appear In?

North Sea Oil Expansion

Investment Analysis

Tidewater

Pros

Considerations

Patterson-UTI Energy

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

Discover More Comparisons

Tidewater vs Delek US

Tidewater vs Delek Logistics

Tidewater vs TGS

Frequently asked questions

About The Companies

Comparison Snapshot

Tidewater vs Patterson-UTI Energy

About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

North Sea Oil Expansion

Which Baskets Do They Appear In?

North Sea Oil Expansion

Investment Analysis

Tidewater

Pros

Considerations

Patterson-UTI Energy

Pros

Considerations

Why invest with Nemo?

Zero Commission

Trusted & Regulated

6% Interest on Cash

Discover More Comparisons

Tidewater vs Delek US

Tidewater vs Delek Logistics

Tidewater vs TGS

Frequently asked questions

What do Tidewater and Patterson-UTI Energy actually do, and how do their business models differ?

How should I read the pros and cons listed for each stock?

What does a high gross margin suggest in Tidewater’s context?

Why is Piotroski Score mentioned for Tidewater, and what does it indicate?

How do utilisation rates affect Tidewater’s outlook?

What does Patterson-UTI’s merger with NexTier mean for market share?

How should I view scale and market cap when comparing the two stocks?

What are the diversification benefits of Patterson-UTI’s service mix?

How should I interpret ‘market context’ when reading these comparisons?

Is it important to track both earnings and balance sheet health together?

What does this page mean by an educational context and not financial advice?

About The Companies

Comparison Snapshot