Patterson-UTI Energy, Inc. (PTEN) fair value analysis

Nasdaq · Updated 2026-09-07

Patterson-UTI Energy, Inc. is an onshore drilling company that provides contract drilling services to oil and natural gas exploration and production companies in the United States. The company operates drilling rigs primarily in major U.S. oil and gas basins including the Permian Basin, Eagle Ford Shale, and Bakken Formation.

Forward Fair Value verdict

Overvalued

Based on TickrTrends' weekly Forward Fair Value model, PTEN is trading at more than a 25% premium to estimated fair value.

PTEN currently ranks #24 of 25 Energy stocks by discount to Forward Fair Value. It has screened as Overvalued for 3 consecutive weekly runs.

Last price: $10.27
Sector: Energy
12-month range: $5.19–$11.89

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: D
Leverage: Low
RSI zone: Neutral
50/200-day trend: Mixed
52-week position: The top quarter of its range

What our data shows for PTEN

Our model validated 7 trailing price-to-earnings windows for PTEN, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $5.19–$11.89.
The 14-day relative strength index sits at a neutral 68.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for PTEN
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent PTEN news

TickrTrends' derived news-sentiment signal for PTEN is currently leaning positive, computed from recent coverage.

PTEN Maintained by Citigroup -- Price Target Raised to $13.50 (gurufocus.com, 2026-09-04)
TickrTrends take: Citigroup's price target raise to $13 occurs against TickrTrends' assessment that PTEN is currently overvalued, suggesting a potential disconnect between the analyst's near-term view and the algorithmic valuation model's broader metrics. For valuation-focused investors in the Energy sector, this divergence warrants examination of whether Citigroup's maintained rating reflects operational improvements that the current overvaluation assessment has not yet incorporated. The contrast between analyst enthusiasm and the overvaluation signal indicates the importance of reviewing the specific drivers behind Citigroup's target adjustment.
Patterson-UTI Energy (PTEN) Director Drummond Robert Wayne Jr. Sells 200,000 Shares (gurufocus.com, 2026-09-04)
TickrTrends take: A director's sale of 200,000 shares may signal confidence concerns or portfolio rebalancing, though insider transactions alone do not determine valuation validity. Given TickrTrends' current assessment that PTEN is overvalued, observers should monitor whether insider selling accelerates or if it represents routine diversification within the energy sector. The divergence between insider actions and market pricing warrants attention to whether fundamental metrics support the current valuation or if downward pressure may follow.
Patterson-UTI Energy Inc (PTEN) Stock Down 4.6% but Still Overvalued -- GF Score: 60/100 (gurufocus.com, 2026-09-04)
TickrTrends take: Patterson-UTI Energy's recent stock decline has not been sufficient to bring its valuation into alignment with fundamental value, according to TickrTrends' current assessment. The company's GF Score of 60 suggests moderate quality characteristics that do not justify its current price level in the energy sector. Investors focused on valuation metrics should monitor whether further price adjustments occur or if fundamental improvements in the business might eventually support the existing valuation.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — PTEN's RSI indicator moved out of overbought territory into neutral zone this week, suggesting reduced momentum in the near term. The stock maintains an overvalued assessment according to TickrTrends' current valuation metrics within the energy sector.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is PTEN stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), PTEN is trading at more than a 25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.

What is PTEN's TickrTrends verdict?

PTEN's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.

How does PTEN compare to other Energy stocks?

PTEN ranks #24 of 25 Energy stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is PTEN overbought or oversold?

PTEN's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Energy fair-value coverage →

Head-to-head comparisons

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