Patterson-UTI Energy Inc (PTEN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Patterson-UTI Energy Inc $22.36, price $11.07, upside +102.0%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Patterson-UTI Energy Inc
PTEN · USCheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $5.00 – $17.20 · fair‑value band $10.96 – $37.95 · the $11.07 price screens below the $22.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products.
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Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision of contract and directional drilling, and measurement-while-drilling (MWD) services in onshore oil and natural gas basins; supply and rental of downhole performance motors, such as Mpact drilling motors, and Mpower MWD systems; electrical controls and automation to the energy, marine, and mining industries; rig fleet evaluation; and drilling technology service. This segment also provides software and services, such as MWD Survey Fault Detection, Isolation and Recovery (FDIR) services, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; and HiFi Guidance that utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, equipment, materials, and cementing, as well as involved in the power solutions natural gas fueling, and last mile logistics and storage businesses. The Drilling Products segment engages in the design, manufacture, sale, and rental of matrix and steel-bodied polycrystalline diamond compact drill bits. It also rents oilfield tools; and offers specialized services for land-based oil and natural gas drilling, completion, and workover activities. The company was founded in 1978 and is headquartered in Houston, Texas.
Stock analysis
Patterson-UTI Energy Inc (PTEN) currently trades at $11.07, while our model-based Fair Value estimate is $22.36, implying the stock looks roughly 50.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $21.23 per share, and 9 of the 11 models we run sit above the $11.07 price.
Bear case: the Asset-Based group reads lowest at $5.68, and 2 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: $10.96 (bear) to $37.95 (bull), the price of $11.07 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Patterson-UTI Energy Inc reported revenue of $4.8B in FY2025 versus $1.4B in FY2021, a compound +37.3%/yr. Reported net income was −$93.6M in FY2025.
Key figures
Market cap $4.2B · P/S ratio 0.76 · EPS (TTM) $−0.3000 · Dividend yield 3.1% · Net margin −1.9% · Return on equity −3.6% · Return on assets (EBIT) −8.5% · Operating margin −1.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 121% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −29% fair-value upside, at 102%, PTEN screens cheaper than that median.
Fair Value models
All 11 models by family
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Set up alert →Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 70
Revenue & earnings trend
Growth Forecast
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Recent news
- Patterson-UTI Energy (PTEN) Shares Just Moved, So What Is Driving Attention Now?
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- Patterson-UTI (PTEN) Averaged 101 August Rigs. Can Activity Deliver Better Margins?
- Liberty Energy, Green Plains, Murphy Oil, Patterson-UTI, and Texas Pacific Land Shares Are Soaring, What You Need To Know
Compare Patterson-UTI Energy Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Drilling · 34 stocks
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Noble Corporation NE | $45.04 | $46.18 | +3% |
| Sinopec Oilfield Service Corporation 600871 | ¥2.12 | ¥0.5200 | −75% |
| Transocean Ltd RIG | $5.49 | $4.88 | −11% |
| Valaris Limited VAL | $82.72 | $58.91 | −29% |
| Helmerich & Payne, Inc HP | $39.79 | $22.68 | −43% |
| Seadrill Limited SDRL | $46.85 | $10.17 | −78% |
| Odfjell Drilling Ltd ODL | kr 102.80 | kr 68.12 | −34% |
| Arabian Drilling Company 2381 | 94.10 SAR | 20.01 SAR | −79% |
| Borr Drilling Limited BORR | kr 41.67 | kr 56.75 | +36% |
| Nabors Industries Ltd NBR | $83.42 | $234.91 | +182% |
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