PTEN · NASDAQ · STOCK
Patterson-UTI Energy (PTEN) Stock Analysis
$12.04
52W $5.10 – $13.39
60/100
$4.82B
-55.1
0.67
Is PTEN Bullish or Bearish?
Mixed.
Innellis AI committee rates Patterson-UTI Energy, Inc. (PTEN) Watch with a composite score of 60/100
, based on 5 analysts with 80% agreement.
Last updated September 17, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +0.32 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -19.68 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
Supporting evidence favours the bullish case. The main limiting factor is revenue declining -6.9% yoy -- this is not a growth story right now. The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- Price-to-book of 0.7x is a discount to asset value — Value
- Dividend yield of 2.7% pays you to wait — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- ROE of only -2.8% -- cheap may mean cheap for a reason — Value
- Revenue declining -6.9% YoY -- this is not a growth story right now — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 17, 2026
Overall Committee Score
60/100
Agreement
80%
Analysts
5
Conviction
High
Sector Rank
Top 52%
of 93 Energy peers
Value Analyst
bullish
60
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 0.7x is a discount to asset value
− ROE of only -2.8% -- cheap may mean cheap for a reason
Growth Analyst
neutral
50
/ 100 · Moderate confidence
Moderate growth -- present but not remarkable
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− Revenue declining -6.9% YoY -- this is not a growth story right now
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2514.55)
Investment Thesis Evolution
Committee score moved marginally from 59.7 to 59.7.
Comparing 2026-09-16 to 2026-09-17 (1 day apart).
Technical Analysis
RSI (14)
56.4
Neutral
MACD Histogram
-0.058
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Mixed
Support
$9.18
Resistance
$13.08
Bollinger %B
0.68
Inside Bands
Price vs Moving Averages
EMA 9
$12.65
Below
EMA 21
$12.27
Below
EMA 50
$11.55
Above
EMA 200
$9.96
Above
Fundamental Analysis
Valuation
100
Growth
78
Profitability
0
Financial Health
90
Cash Flow
70
Valuation
P/E Ratio
-55.1×
P/B Ratio
1.56×
PEG Ratio
-0.42
Dividend Yield
2.99%
52W High
$13.39
52W Low
$5.10
Quality & Growth
ROE
-290.9%
ROA
-168.1%
Gross Margin
1419.8%
Operating Margin
-114.3%
Revenue Growth YoY
—
Debt / Equity
0.41
AI Fundamental Assessment
P/E ratio of -55.1 (inexpensive relative to a 15-40x range); Price-to-book of 1.6x; PEG ratio of -0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -2.9%; Return on assets of -1.7%; Net margin of -1.9%; Gross margin of 14.2%; Current ratio of 1.75 (healthy short-term liquidity); Debt-to-equity of 0.41; Free cash flow per share is positive (0.47); Most recent quarter missed estimates by 14.4%; EPS growth accelerating (-200.0% -> +16.7% QoQ); Analyst estimates rising over recent quarters
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