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PTEN

Patterson-UTI EnergyB
Nasdaq / Energy
Last Price
At close
2026-06-02
View Chart
Current thesis
Dayrate gains and faster rig reactivations lift utilization and margins, translating into stronger free cash flow that supports modest multiple expansion toward our 9.00 bull target.
Posture
Constructive
Lead driver
Momentum
What changed
1 setup hits (3d) with net bullish as of 2026-06-02.
What can break
Intensifying price competition compressing dayrates
Momentum
80
Value
61
Sentiment
32
Setup hits (3d)
1 · Net Bullish
AI TargetsBase $7.59 · Bull $9.00 · Bear $6.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-02-05 • Model: RankAlpha Sentiment AI
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $8.84
Why
Momentum80 · Δ7d +1.4
Value61 · Δ7d +0.4
Sentiment32 · Δ7d +6.6
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
80
34% active weight
Current posture
7d trendSoftening
Δ7d
+1.4
Δ21d
+1.3
Value
61
32% active weight
Current posture
7d trendFlat
Δ7d
+0.4
Δ21d
-0.2
Sentiment
32
33% active weight
Current posture
7d trendImproving
Δ7d
+6.6
Δ21d
+7.6
Why this grade

Composite grade B. Momentum 79.7 / Value 60.5 / Sentiment 32.4

Fundamentals (TTM)
As of 2026-06-01
Market Cap
$4.38B
Beta
0.75
Shares Out
379.24M
P/E (TTM) · Derived
-47.3
P/S (TTM)
0.53
P/FCF (TTM)
15.57
Rev YoY
-13.4%
EPS YoY
+96.2%
Gross Margin
+24.7%
Op Margin
-1.5%
Net Debt
$1.01B
Current Ratio
1.64
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology