Oil Above $80: 2 Energy Stocks You Don't Want to Miss
Oil above $80 is boosting the outlook for Patterson-UTI and Cactus as Middle East tensions support crude prices and upstream activity.
Zacks Investment Research8/14/2026Neutral
PTEN
Patterson-UTI Energy IncNASDAQENERGYOIL & GAS DRILLING
Key Statistics
Market Cap
$4.14B
P/E Ratio
—
EPS
$-0.24
Beta
0.65
52W High
$12.96
52W Low
$4.93
50-Day MA
$10.21
200-Day MA
$8.97
Dividend Yield
3.27%
Profit Margin
-1.92%
Forward P/E
555.56
PEG Ratio
0.78
About Patterson-UTI Energy Inc
Patterson-UTI Energy, Inc., provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. The company is headquartered in Houston, Texas.
Fundamentals
| Revenue (TTM) | $4.67B |
| Gross Profit (TTM) | $1.11B |
| EBITDA | $865.39M |
| Operating Margin | -0.57% |
| Return on Equity | -2.77% |
| Return on Assets | -0.55% |
| Revenue/Share (TTM) | $12.28 |
| Book Value | $8.13 |
| Price-to-Book | 1.35 |
| Price-to-Sales (TTM) | 0.89 |
| EV/Revenue | 1.129 |
| EV/EBITDA | 6.04 |
| Quarterly Earnings Growth (YoY) | -97.90% |
| Quarterly Revenue Growth (YoY) | 0.70% |
| Shares Outstanding | $379.62M |
| Float | $369.97M |
| % Insiders | 2.19% |
| % Institutions | 116.89% |
Historical Volatility
HV 10-Day
77.49%
HV 20-Day
70.27%
HV 30-Day
63.79%
HV 60-Day
59.65%
HV Rank
90.5%
Volatility is currently expanding
Analyst Ratings
Consensus ($13.36 target)
4
Strong Buy5
Buy6
HoldLatest News
3 Oil & Gas Drilling Stocks Bucking a Bearish Industry Trend
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like PTEN, NBR and HP.
Zacks Investment Research8/14/2026Negative
Does Patterson-UTI (PTEN) Have the Potential to Rally 37.91% as Wall Street Analysts Expect?
The mean of analysts' price targets for Patterson-UTI (PTEN) points to a 37.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Zacks Investment Research8/7/2026Positive
Should Value Investors Buy PattersonUTI Energy (PTEN) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks Investment Research8/7/2026Positive
Are Oils-Energy Stocks Lagging PattersonUTI Energy (PTEN) This Year?
Here is how Patterson-UTI (PTEN) and SunCoke Energy (SXC) have performed compared to their sector so far this year.
Zacks Investment Research8/6/2026Negative
3 Stocks to Buy Following Recent Broker Rating Upgrades
BJ's Restaurants, Patterson-UTI Energy and BrightSpring Health Services stand out after recent broker upgrades, backed by projected solid 2026 earnings growth.
Zacks Investment Research8/6/2026Positive
Patterson-UTI (PTEN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Patterson-UTI (PTEN) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research8/5/2026Positive
PTEN Jumps 20% in a Month as Rig Pricing and Demand Strengthen
Patterson-UTI's longer contracts, higher dayrates and packed frac calendar point to better cash flow, but losses and commodity exposure remain.
Zacks Investment Research8/4/2026Positive
Patterson-UTI Energy Q2 Earnings & Revenues Beat Estimates
PTEN expects about 100 average U.S. rigs in Drilling Services during the third quarter, with adjusted gross profit projected at around $145 million.
Zacks Investment Research8/3/2026Positive
Patterson-UTI Energy, Inc. (PTEN) Q2 2026 Earnings Call Transcript
Patterson-UTI Energy, Inc. (PTEN) Q2 2026 Earnings Call Transcript
Seeking Alpha7/31/2026Neutral
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Data last updated: 8/14/2026