Patterson-UTI offers integrated onshore oil and gas services with a diversified operation portfolio. The company positions itself as a comprehensive provider of well services including contract drilling, pressure pumping, directional drilling, and specialized drill bit solutions across North America's major producing basins.
Cyborg Score Rationale
With a net profit margin of 6.0% and operating profit margin of 2.6%, Patterson-UTI demonstrates modest profitability in a cyclical industry. Recent operational data shows stable rig utilization, though the company faces typical oilfield services volatility tied to commodity prices.
Top Insights
Operating through three integrated segments: Drilling Services, Completion Services, and Drilling Products provides diversified revenue and operational leverage
Recent activity indicates ~93-103 average operating drilling rigs, demonstrating moderate utilization across its fleet
Serves major and independent oil and gas operators across key North American basins with proprietary technology solutions (HiFi Nav, FDIR services)
Trading with ~8.4% short interest suggests some investor skepticism despite integrated service model strengths
Named Competitors
Contract Drilling Services — Major onshore contract drilling competitor
Drilling and Completion Services — Global contract drilling and well services provider
Oilfield Services — Pressure pumping and oilfield services competitor
Recent Developments
(November 2025) Reported average of 93 drilling rigs operating for the month
(October 2025) Operating 94 average drilling rigs; company noted post-NexTier merger integration
(July 2025) Reported average of 101 drilling rigs operating and released Q2 2025 financial results
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