Jul. 2 at 10:17 AM
Read my latest article on
$PTEN and why I believe it’s a hold at its current valuation, here’s a summary:
Patterson-UTI Energy, Inc. is rated a hold due to short-term oil price volatility and long-term demand uncertainty.
PTEN's Q1 2026 revenue declined 12.75% YoY, with negative net income in six of the last seven quarters.
DCF analysis implies a
$27.08 intrinsic value per share, but near-term oil price declines suggest PTEN will likely remain below
$11 in the next year.
PTEN's revenue is contract-based, providing some predictability, but falling oil prices and customer budget cuts are key risks to future performance.
https://seekingalpha.com/article/4919304-patterson-uti-energy-inc-consider-holding-on-to-this-oil-drilling-company-as-the-strait-of-hormuz-reopens