Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc. - Current Ratioverified

PTEN

Price:

$10.04

Market Cap:

$3.81B

Patterson-UTI Energy, Inc. (PTEN) is a key provider of onshore contract drilling services for oil and natural gas exploration and production companies. Its operations span across the United States and international markets. The company's diverse business model is structured around three primary segments: 1. Contract Drilling Services: This division delivers drilling solutions predominantly in prominent U.S. basins such as West Texas, Appalachia, the Rockies, Oklahoma, and both South and East Texas, alongside operations in Colombia. As of late 2021, its robust fleet comprised 192 marketable land-based drilling rigs. 2. Pressure Pumping Services: Specializing in well site operations, this segm...[Read more]

Industry

Oil & Gas Drilling

IPO Date

1993-11-02

Stock Exchange

NASDAQ

Ticker

PTEN

The Current Ratio as of June 2026 (TTM) for Patterson-UTI Energy, Inc. (PTEN) is 1.84

According to Patterson-UTI Energy, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.84. This represents a change of 7.16% compared to the average of 1.71 of the last 4 quarters.

Patterson-UTI Energy, Inc. (PTEN) Historical Current Ratio (quarterly & annually)

How has PTEN Current Ratio performed in the past?

The mean historical Current Ratio of Patterson-UTI Energy, Inc. over the last ten years is 1.50. The current 1.84 Current Ratio has changed 12.13% with respect to the historical average. Over the past ten years (40 quarters), PTEN's Current Ratio was at its highest in in the March 2017 quarter at 2.48. The Current Ratio was at its lowest in in the December 2016 quarter at 1.07.

Quarterly (TTM)
Annual

Average

1.50

Median

1.52

Minimum

1.07

Maximum

1.81

Patterson-UTI Energy, Inc. (PTEN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Patterson-UTI Energy, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 32.05%

Maximum Annual Current Ratio = 1.81

Minimum Annual Increase = -32.24%

Minimum Annual Current Ratio = 1.07

Quarterly (TTM)
Annual
YearCurrent RatioChange
20251.646.73%
20241.548.77%
20231.41-6.05%
20221.5112.42%
20211.34-23.31%
20201.7510.71%
20191.58-12.64%
20181.8132.05%
20171.3727.79%
20161.07-32.24%

Patterson-UTI Energy, Inc. (PTEN) Average Current Ratio

How has PTEN Current Ratio performed in the past?

The current Current Ratio of Patterson-UTI Energy, Inc. (PTEN) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.53

5-year avg

1.49

10-year avg

1.50

Patterson-UTI Energy, Inc. (PTEN) Current Ratio vs. Peers

How is PTEN’s Current Ratio compared to its peers?

Patterson-UTI Energy, Inc.’s Current Ratio is greater than Helmerich & Payne, Inc. (1.71), less than Oceaneering International, Inc. (2.08), less than International Seaways, Inc. (7.34), greater than Delek Logistics Partners, LP (0.96), greater than Delek US Holdings, Inc. (0.76), less than Tidewater Inc. (3.33), greater than Crescent Energy Company (0.57), greater than Kinetik Holdings Inc. (0.59), greater than Genesis Energy, L.P. (0.98), greater than Civitas Resources, Inc. (0.56),

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