Patterson-UTI Energy, Inc.

NasdaqGS:PTEN Stock Report

Market Cap: US$4.8b

Patterson-UTI Energy Valuation

Is PTEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PTEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PTEN ($12.93) is trading below our estimate of future cash flow value ($32.72)

Significantly Below Future Cash Flow Value: PTEN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PTEN?

Key metric: As PTEN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PTEN. This is calculated by dividing PTEN's market cap by their current revenue.
What is PTEN's PS Ratio?
PS Ratio1.1x
SalesUS$4.67b
Market CapUS$4.83b

Price to Sales Ratio vs Peers

How does PTEN's PS Ratio compare to its peers?

The above table shows the PS ratio for PTEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2x
HP Helmerich & Payne
1.1x3.37%US$4.4b
VAL Valaris
2.8x8.76%US$5.9b
NE Noble
2.5x8.07%US$7.3b
RIG Transocean
1.5x-2.00%US$6.4b
PTEN Patterson-UTI Energy
1.1x5.67%US$4.8b

Price-To-Sales vs Peers: PTEN is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does PTEN's PS Ratio compare vs other companies in the US Energy Services Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
KLXE KLX Energy Services Holdings
0.05x8.51%US$32.97m
NINE.Q Nine Energy Service
0.0009xn/aUS$455.29k
ICDI.Q Independence Contract Drilling
0.002xn/aUS$414.67k
CELP.Q Cypress Environmental Partners
0.003xn/aUS$370.83k
PTEN 1.1xIndustry Avg. 1.3xNo. of Companies11PS00.81.62.43.24+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PTEN is good value based on its Price-To-Sales Ratio (1.1x) compared to the US Energy Services industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is PTEN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PTEN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: PTEN is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PTEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.93
US$14.07
+8.83%
13.62%US$19.00US$12.00n/a14
Sep ’27US$12.79
US$13.86
+8.34%
15.33%US$19.00US$10.50n/a14
Aug ’27US$10.48
US$13.21
+26.09%
19.80%US$19.00US$8.00n/a14
Jul ’27US$8.57
US$13.21
+54.19%
20.91%US$19.00US$8.00n/a14
Jun ’27US$11.53
US$12.82
+11.20%
18.50%US$16.00US$8.00n/a14
May ’27US$11.99
US$11.36
-5.28%
13.96%US$14.00US$8.00n/a14
Apr ’27US$10.35
US$9.00
-13.04%
13.28%US$11.00US$7.00n/a14
Mar ’27US$8.51
US$8.45
-0.75%
13.62%US$11.00US$7.00n/a14
Feb ’27US$7.53
US$7.27
-3.48%
12.64%US$9.00US$6.00n/a14
Jan ’27US$6.11
US$7.20
+17.78%
13.01%US$9.00US$6.00n/a14
Dec ’26US$5.87
US$7.23
+23.21%
12.70%US$9.00US$6.00n/a14
Nov ’26US$6.27
US$7.16
+14.21%
13.56%US$9.00US$6.00n/a14
Oct ’26US$5.37
US$7.46
+39.00%
15.02%US$10.00US$6.25n/a14
Sep ’26US$5.81
US$7.53
+29.66%
14.07%US$10.00US$6.25US$12.7915
Aug ’26US$5.54
US$7.60
+37.18%
13.89%US$10.00US$6.25US$10.4815
Jul ’26US$6.10
US$8.39
+37.59%
20.00%US$13.00US$6.25US$8.5714
Jun ’26US$5.52
US$8.71
+57.87%
18.24%US$13.00US$6.50US$11.5314
May ’26US$5.86
US$9.39
+60.29%
14.25%US$13.00US$8.00US$11.9914
Apr ’26US$8.38
US$10.77
+28.48%
11.36%US$14.00US$9.00US$10.3515
Mar ’26US$8.31
US$10.77
+29.56%
10.84%US$14.00US$10.00US$8.5115
Feb ’26US$8.07
US$10.70
+32.59%
11.03%US$14.00US$10.00US$7.5315
Jan ’26US$8.26
US$10.81
+30.90%
11.78%US$14.00US$10.00US$6.1116
Dec ’25US$8.40
US$10.91
+29.90%
12.79%US$14.00US$9.00US$5.8717
Nov ’25US$7.42
US$11.74
+58.16%
19.39%US$18.00US$9.00US$6.2717
Oct ’25US$7.92
US$13.32
+68.23%
14.62%US$18.00US$10.00US$5.3717
Sep ’25US$9.21
US$13.76
+49.45%
12.77%US$19.00US$12.00US$5.8117
US$14.07
Fair Value
8.1% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 13:08
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Patterson-UTI Energy, Inc. is covered by 45 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James WestBarclays
Sungeun KimBarclays
Nicholas GreenBernstein