Patterson-UTI Energy (PTEN)
Market Price (12/30/2025): $5.92 | Market Cap: $2.3 BilSector: Energy | Industry: Oil & Gas Drilling
Patterson-UTI Energy (PTEN)
Market Price (12/30/2025): $5.92Market Cap: $2.3 BilSector: EnergyIndustry: Oil & Gas Drilling
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% | Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -138% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -67 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.4% |
| Attractive yieldDividend Yield is 2.7%, FCF Yield is 13% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg QQuarterly Revenue Change % is -13% | |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.4% | |
| Key risksPTEN key risks include [1] a decline in demand for its drilling services as technological advancements enable oil producers to achieve higher output with fewer wells. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Attractive yieldDividend Yield is 2.7%, FCF Yield is 13% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US Oilfield Technologies, and US LNG. |
| Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -138% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -67 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.4% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg QQuarterly Revenue Change % is -13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.4% |
| Key risksPTEN key risks include [1] a decline in demand for its drilling services as technological advancements enable oil producers to achieve higher output with fewer wells. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are five key points highlighting why Patterson-UTI Energy (PTEN) stock moved during the approximate time period from August 31, 2025, to December 30, 2025:
1. Q3 2025 Earnings Report with Mixed Results:Patterson-UTI Energy reported its third-quarter 2025 financial results on October 22, 2025, revealing total revenue of $1.2 billion, which slightly surpassed forecasts, but also a net loss attributable to common stockholders of $36 million, or $0.10 per share, which was a slight miss on EPS expectations. Despite the mixed results, the market initially reacted positively, with the stock gaining 0.83% on the day of the announcement and peaking at a 6.8% increase during that session.
2. Acknowledged Challenging Operating Environment:During the Q3 2025 earnings call, management noted that their teams successfully navigated a "challenging environment" and acknowledged "moderating industry demand in the Permian Basin," which impacted their U.S. Contract Drilling business. This commentary indicated headwinds for the company's core operations.
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1. Q3 2025 Earnings Report with Mixed Results:Patterson-UTI Energy reported its third-quarter 2025 financial results on October 22, 2025, revealing total revenue of $1.2 billion, which slightly surpassed forecasts, but also a net loss attributable to common stockholders of $36 million, or $0.10 per share, which was a slight miss on EPS expectations. Despite the mixed results, the market initially reacted positively, with the stock gaining 0.83% on the day of the announcement and peaking at a 6.8% increase during that session.
2. Acknowledged Challenging Operating Environment:During the Q3 2025 earnings call, management noted that their teams successfully navigated a "challenging environment" and acknowledged "moderating industry demand in the Permian Basin," which impacted their U.S. Contract Drilling business. This commentary indicated headwinds for the company's core operations.
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Stock Movement Drivers
Fundamental Drivers
The 13.0% change in PTEN stock from 9/29/2025 to 12/29/2025 was primarily driven by a 16.5% change in the company's P/S Multiple.| 9292025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 5.25 | 5.93 | 13.02% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5019.21 | 4837.95 | -3.61% |
| P/S Multiple | 0.40 | 0.47 | 16.48% |
| Shares Outstanding (Mil) | 385.37 | 382.82 | 0.66% |
| Cumulative Contribution | 13.02% |
Market Drivers
9/29/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| PTEN | 13.0% | |
| Market (SPY) | 3.6% | 44.9% |
| Sector (XLE) | -1.2% | 70.1% |
Fundamental Drivers
The 2.8% change in PTEN stock from 6/30/2025 to 12/29/2025 was primarily driven by a 8.4% change in the company's P/S Multiple.| 6302025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 5.77 | 5.93 | 2.81% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5148.09 | 4837.95 | -6.02% |
| P/S Multiple | 0.43 | 0.47 | 8.36% |
| Shares Outstanding (Mil) | 386.52 | 382.82 | 0.96% |
| Cumulative Contribution | 2.80% |
Market Drivers
6/30/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| PTEN | 2.8% | |
| Market (SPY) | 11.6% | 39.3% |
| Sector (XLE) | 6.1% | 73.4% |
Fundamental Drivers
The -20.4% change in PTEN stock from 12/29/2024 to 12/29/2025 was primarily driven by a -16.6% change in the company's Total Revenues ($ Mil).| 12292024 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 7.45 | 5.93 | -20.43% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5800.09 | 4837.95 | -16.59% |
| P/S Multiple | 0.50 | 0.47 | -6.77% |
| Shares Outstanding (Mil) | 391.73 | 382.82 | 2.28% |
| Cumulative Contribution | -20.47% |
Market Drivers
12/29/2024 to 12/29/2025| Return | Correlation | |
|---|---|---|
| PTEN | -20.4% | |
| Market (SPY) | 16.6% | 64.0% |
| Sector (XLE) | 8.1% | 84.4% |
Fundamental Drivers
The -60.7% change in PTEN stock from 12/30/2022 to 12/29/2025 was primarily driven by a -76.6% change in the company's Shares Outstanding (Mil).| 12302022 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.08 | 5.93 | -60.68% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2325.61 | 4837.95 | 108.03% |
| P/S Multiple | 1.41 | 0.47 | -66.62% |
| Shares Outstanding (Mil) | 216.82 | 382.82 | -76.56% |
| Cumulative Contribution | -83.72% |
Market Drivers
12/30/2023 to 12/29/2025| Return | Correlation | |
|---|---|---|
| PTEN | -40.3% | |
| Market (SPY) | 47.9% | 54.6% |
| Sector (XLE) | 12.7% | 79.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PTEN Return | -49% | 62% | 102% | -34% | -21% | -25% | -35% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 151% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| PTEN Win Rate | 33% | 50% | 67% | 17% | 58% | 33% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PTEN Max Drawdown | -84% | 0% | 0% | -41% | -31% | -35% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/29/2025 (YTD)
How Low Can It Go
| Event | PTEN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -50.8% | -25.4% |
| % Gain to Breakeven | 103.4% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -84.5% | -33.9% |
| % Gain to Breakeven | 543.5% | 51.3% |
| Time to Breakeven | 447 days | 148 days |
| 2018 Correction | ||
| % Loss | -73.6% | -19.8% |
| % Gain to Breakeven | 278.8% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -78.8% | -56.8% |
| % Gain to Breakeven | 372.6% | 131.3% |
| Time to Breakeven | 1,967 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Patterson-UTI Energy's stock fell -50.8% during the 2022 Inflation Shock from a high on 5/27/2022. A -50.8% loss requires a 103.4% gain to breakeven.
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Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
AI Analysis | Feedback
Here are 1-3 brief analogies for Patterson-UTI Energy (PTEN):
- Essentially, a specialized Halliburton or Schlumberger for North American onshore drilling and hydraulic fracturing services.
- The Caterpillar for oil and gas wells – providing and operating the heavy machinery and services to get oil out of the ground.
- Like a large-scale Fluor or Kiewit for building and servicing oil and gas wells.
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- Contract Drilling Services: Provides onshore drilling rigs and related services to exploration and production companies for oil and natural gas wells.
- Pressure Pumping Services: Delivers hydraulic fracturing and other well completion services essential for maximizing hydrocarbon recovery from wells.
- Reservoir Solutions: Offers specialized services including directional drilling, downhole technology, and rental tools designed to optimize wellbore placement and efficiency.
AI Analysis | Feedback
Major Customers of Patterson-UTI Energy (PTEN)
Patterson-UTI Energy (PTEN) primarily sells its drilling and completion services to other companies in the oil and natural gas industry.
According to its public filings, Patterson-UTI Energy serves a diverse customer base, and no single customer accounted for 10% or more of its consolidated revenues in recent fiscal years (e.g., 2023, 2022, 2021). As such, PTEN does not identify specific "major customers" by name in its annual reports.
However, PTEN's customers generally fall into the following categories:
- Major integrated oil and gas companies
- Large and small independent oil and gas companies
- National oil and gas companies
These categories encompass a wide array of exploration and production (E&P) companies that require PTEN's services for contract drilling, pressure pumping, and other completion activities across various North American basins.
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William Andrew Hendricks, Jr. President, Chief Executive Officer, Director Mr. Hendricks joined Patterson-UTI Energy in early 2012 as Chief Operating Officer and was appointed Chief Executive Officer later that year. He has over 30 years of experience in the global oil and gas industry. Prior to Patterson-UTI, he worked for Schlumberger for 24 years, where his last role was President of Schlumberger Drilling & Measurements from 2010 to 2012. He began his career working on an offshore drilling rig for Ocean Drilling & Exploration Company. Mr. Hendricks holds a Bachelor of Science degree in Petroleum Engineering from Texas A&M University. C. Andrew Smith Executive Vice President, Chief Financial Officer Mr. Smith has served as Executive Vice President and Chief Financial Officer of Patterson-UTI Energy since September 2017. Before joining Patterson-UTI, he was the Chief Financial Officer and Executive Vice President of Kirby Corporation from 2014 to 2017. Mr. Smith also held various senior positions at Global Industries, Natco Group, and Benthic Geotech. He is a Certified Public Accountant (CPA). James Michael Holcomb Chief Operating Officer Mr. Holcomb has been the Chief Business Officer and Executive Vice President of Patterson-UTI Energy since January 2023. He previously served as President of Patterson-UTI Drilling Company and Senior Vice President of Operations of Patterson-UTI Drilling Company LLC from April 2006 to January 2012. Kenneth N. Berns Executive Vice President and Chief Commercial Officer Mr. Berns serves as Executive Vice President and Chief Commercial Officer for Patterson-UTI Energy. He is also a Certified Public Accountant (CPA). Seth D. Wexler Executive Vice President, General Counsel and Secretary Mr. Wexler has served as Executive Vice President, General Counsel and Secretary of Patterson-UTI Energy since January 2023. He previously held the position of Senior Vice President, General Counsel and Secretary at Seventy Seven Energy Inc.AI Analysis | Feedback
The key risks to Patterson-UTI Energy (PTEN) primarily revolve around the cyclical and evolving nature of the energy industry.
- Dependence on Oil and Natural Gas Prices and Demand: Patterson-UTI Energy's financial performance is highly sensitive to prevailing market prices for oil and natural gas and expectations for future prices. Declines in these commodity prices directly lead to reduced capital and operating expenditures by their customers, subsequently decreasing the demand for PTEN's drilling and completion services, which can adversely affect revenue, profitability, and cash flows.
- Secular Shift Towards Clean Energy Sources: There is a significant long-term risk stemming from the global transition from fossil fuels to renewable energy sources. This shift, which has been accelerated by global energy crises, could lead to a sustained reduction in demand for oil and natural gas, thereby impacting the long-term viability and profitability of Patterson-UTI Energy's core business.
- Impact of Technological Advancements in Oil Extraction: Ongoing technological progress in the oil and gas industry enables producers to extract more hydrocarbons from a fixed number of wells. This increased efficiency means that oil producers can achieve higher output with fewer wells, which in turn reduces the demand for drilling and related oilfield services provided by companies like Patterson-UTI Energy, potentially leading to lower profits despite stable overall production levels.
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The accelerating global energy transition, driven by advancements in renewable energy technologies (solar, wind), battery storage, and electric vehicles, is leading to a structural decline in the long-term demand for oil and natural gas. This directly threatens Patterson-UTI's core business by reducing the addressable market and demand for its drilling and completion services, which are predominantly tied to hydrocarbon extraction.AI Analysis | Feedback
Patterson-UTI Energy (PTEN) operates primarily in North America, providing a range of oilfield services. The addressable markets for their main products and services are sized as follows:
- Contract Drilling Services: The North America drilling services market was valued at approximately USD 4.31 billion in 2024.
- Pressure Pumping Services: The North America pressure pumping market is projected to reach USD 8.2 billion by 2024, with a forecasted growth to USD 12.0 billion by 2034.
- Broader Oilfield Services Market (including drilling, completion, directional drilling, and rental equipment): The North America oilfield services market size was calculated to be USD 46.27 billion in 2024 and is anticipated to be worth USD 61.03 billion by 2033.
AI Analysis | Feedback
Patterson-UTI Energy (PTEN) anticipates several key drivers for revenue growth over the next two to three years:
-
Increased Natural Gas Drilling Activity: The company expects a potential increase in natural gas drilling activity, particularly in 2026, propelled by the development and commissioning of new Liquefied Natural Gas (LNG) facilities. This trend is expected to boost demand for drilling and completion services.
-
Expansion and Adoption of Digital and Automation Technologies: Patterson-UTI is investing in and expanding its digital portfolio, including the launch of the PTEN Digital Performance Center and new technologies like Vertex™ Automated Controls. These advanced solutions are designed to enhance operational efficiency and optimize drilling and completion processes for customers, which is anticipated to drive adoption and revenue from these differentiated services.
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Realization of Synergies and Integrated Service Offerings from Recent Acquisitions: The company completed strategic acquisitions of Ulterra and merged with NexTier, aiming to enhance its market positioning in the drilling and completions sector. The ongoing integration of these operations and commercial strategies, focusing on fully integrated drilling and completion services, is expected to expand Patterson-UTI's offerings and market share.
-
Growth in International Drilling Products Business: Patterson-UTI projects growth in its international Drilling Products segment. This international expansion is expected to contribute to a sequential increase in Drilling Products revenue.
AI Analysis | Feedback
Share Repurchases
- Patterson-UTI Energy repurchased approximately $1 billion in shares under an ongoing buyback program announced in 2013, having repurchased over 92 million shares as of Q3 2025.
- The company plans to return at least $400 million to shareholders in 2024, including at least $270 million in buybacks.
- As of Q3 2024, Patterson-UTI had $780 million authorized for repurchase, representing about 25% of its market capitalization, with management expecting significant further buybacks.
Share Issuance
- Patterson-UTI Energy issued 34.9 million shares of common stock as part of the consideration for the acquisition of Ulterra Drilling Technologies in August 2023.
- The merger with NexTier Oilfield Solutions in June 2023 was an all-stock transaction, where NexTier shareholders received 0.7520 shares of Patterson-UTI common stock for each NexTier share, with Patterson-UTI shareholders owning approximately 55% of the combined company. This acquisition involved the issuance of 178 million shares.
- The company's outstanding shares increased significantly by 30.05% in 2023 and 38.98% in 2024, largely due to acquisitions.
Outbound Investments
- In August 2023, Patterson-UTI Energy acquired Ulterra Drilling Technologies, a global provider of specialized drill bit solutions, for $370 million in cash and 34.9 million shares of Patterson-UTI common stock.
- Patterson-UTI merged with NexTier Oilfield Solutions in an all-stock transaction in June 2023, creating a combined entity with an enterprise value of approximately $5.4 billion.
- In July 2021, the company acquired Pioneer Energy Services Corp., which provided land-based contract drilling and production services, for $295 million.
Capital Expenditures
- Patterson-UTI Energy expects capital expenditures for 2025 to be approximately $600 million, primarily for strategic investments in technology across all businesses.
- Total capital expenditures for the third quarter of 2025 were $144 million.
- The company anticipates lower capital expenditures in 2026 compared to 2025, while continuing to maintain key fleet assets and invest in new technologies to generate free cash flow.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to PTEN. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 12.2% | 12.2% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.6% | 8.6% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.7% | 6.7% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 28.9% | 28.9% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -3.6% | -3.6% | -7.1% |
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Peer Comparisons for Patterson-UTI Energy
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.06 |
| Mkt Cap | 159.0 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 19.4% |
| CFO/Rev 3Y Avg | 21.8% |
| FCF/Rev LTM | 12.0% |
| FCF/Rev 3Y Avg | 13.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 159.0 |
| P/S | 2.7 |
| P/EBIT | 21.1 |
| P/E | 33.0 |
| P/CFO | 16.1 |
| Total Yield | 3.9% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 6.2% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Segment Financials
Assets by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Completion Services | 3,836 | ||||
| Drilling Services | 2,369 | ||||
| Drilling Products | 1,012 | ||||
| Corporate | 145 | 190 | 157 | 301 | 261 |
| Other | 59 | ||||
| Contract drilling | 2,197 | 2,170 | 2,315 | 3,190 | |
| Directional drilling | 121 | 87 | 108 | 164 | |
| Other operations | 94 | 86 | 89 | 128 | |
| Pressure pumping | 542 | 458 | 487 | 696 | |
| Total | 7,420 | 3,144 | 2,958 | 3,299 | 4,440 |
Price Behavior
Price Behavior
| Market Price | $5.93 | |
| Market Cap ($ Bil) | 2.3 | |
| First Trading Date | 11/02/1993 | |
| Distance from 52W High | -33.9% | |
| 50 Days | 200 Days | |
| DMA Price | $6.00 | $5.90 |
| DMA Trend | down | up |
| Distance from DMA | -1.2% | 0.4% |
| 3M | 1YR | |
| Volatility | 50.7% | 59.0% |
| Downside Capture | 124.65 | 157.02 |
| Upside Capture | 162.95 | 110.90 |
| Correlation (SPY) | 43.9% | 63.3% |
PTEN Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.77 | 2.02 | 1.80 | 1.61 | 1.88 | 1.59 |
| Up Beta | 2.13 | 1.92 | 2.94 | 2.56 | 1.93 | 1.51 |
| Down Beta | 3.43 | 3.36 | 3.02 | 2.57 | 2.73 | 2.28 |
| Up Capture | 82% | 197% | 84% | 80% | 97% | 87% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 10 | 22 | 31 | 61 | 120 | 351 |
| Down Capture | 176% | 120% | 99% | 96% | 124% | 109% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 18 | 30 | 62 | 122 | 387 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of PTEN With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| PTEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -16.9% | 8.9% | 16.7% | 65.4% | 7.5% | 4.2% | -7.3% |
| Annualized Volatility | 58.7% | 24.4% | 19.4% | 19.8% | 15.3% | 17.0% | 34.9% |
| Sharpe Ratio | -0.09 | 0.30 | 0.67 | 2.43 | 0.27 | 0.08 | -0.06 |
| Correlation With Other Assets | 84.2% | 63.3% | 3.8% | 63.0% | 45.9% | 26.8% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of PTEN With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| PTEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.5% | 22.4% | 14.8% | 17.7% | 11.2% | 5.1% | 30.2% |
| Annualized Volatility | 57.0% | 26.7% | 17.1% | 15.6% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.30 | 0.77 | 0.70 | 0.91 | 0.48 | 0.18 | 0.57 |
| Correlation With Other Assets | 77.9% | 40.7% | 13.8% | 55.8% | 28.6% | 18.1% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of PTEN With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| PTEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -6.5% | 8.5% | 15.0% | 14.6% | 6.9% | 5.4% | 69.0% |
| Annualized Volatility | 62.4% | 29.8% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.17 | 0.33 | 0.72 | 0.82 | 0.31 | 0.23 | 0.89 |
| Correlation With Other Assets | 76.7% | 45.3% | 4.7% | 54.4% | 33.5% | 11.9% | |
ETFs used for asset classes: Sector ETF = XLE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2025 | -1.9% | -6.8% | -18.2% |
| 7/24/2025 | -3.0% | -3.1% | -4.8% |
| 4/24/2025 | -0.2% | -3.9% | -6.2% |
| 2/6/2025 | 2.9% | 8.4% | -11.1% |
| 10/24/2024 | 2.5% | -3.8% | 8.9% |
| 7/25/2024 | -0.1% | -2.2% | -10.8% |
| 5/2/2024 | 0.8% | 5.4% | -1.1% |
| 2/15/2024 | 2.6% | -1.5% | -0.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 12 | 11 |
| # Negative | 8 | 12 | 13 |
| Median Positive | 3.3% | 8.5% | 20.1% |
| Median Negative | -1.7% | -4.3% | -10.5% |
| Max Positive | 25.7% | 56.5% | 69.1% |
| Max Negative | -16.4% | -11.7% | -48.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/28/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 07/29/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 04/29/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/11/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 10/28/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/29/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/06/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/27/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/09/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/01/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/01/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/13/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 10/31/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/02/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/03/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/16/2022 | 10-K (12/31/2021) |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | STEWART JAMES CARL | 6042025 | Sell | 5.51 | 74,500 | 410,495 | 5,098,150 | Form | |
| 1 | STEWART JAMES CARL | 5132025 | Sell | 5.98 | 5,500 | 32,890 | 5,978,529 | Form | |
| 2 | Hendricks William Andrew JR | President & CEO | 3132025 | Buy | 7.88 | 25,000 | 197,000 | 19,562,825 | Form |
| 3 | STEWART JAMES CARL | 3112025 | Sell | 7.42 | 48,149 | 357,266 | 634,224 | Form | |
| 4 | Drummond Robert Wayne Jr | 2182025 | Sell | 8.89 | 230,000 | 2,044,700 | 13,771,330 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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