Professional
Added to YB: 2025-08-26
Pitch date: 2025-08-20
PTEN [bullish]
Patterson-UTI Energy, Inc.
+22.08%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
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 and internationally.
Market Cap
$2.3B
Pitch Price
$5.09
Price Target
N/A
Dividend
5.35%
EV/EBITDA
3.53
P/E
-16.69
EV/Sales
0.70
Sector
Energy Equipment and Services
Category
dividend
Opportunity arises in US hydraulic fracturing - Patterson-UTI Energy, Inc.
PTEN: Largest US gas frac fleet post-Nextier merger. 50/50 fracturing-completions/drilling mix attractive if market tightens. Vertical integration offers synergies for E&P clients. Sustainable 6% dividend with excess cash for buybacks. Next-gen frac equipment sold out, CEO optimistic for coming year.
Read full article (1 min)