Positive context积极背景
Stocks股票 / Energy / PTEN
Patterson-UTI Energy, Inc. · Energy
PTEN US listed · USD美股 · 美元
Patterson-UTI Energy, Inc. provides land drilling and pressure pumping services, directional drilling, rental equipment and technology to clients in the United States and western Canada.Patterson-UTI Energy, Inc. 为美国和加拿大西部的客户提供陆地钻井、压裂泵送服务、定向钻井、租赁设备及技术。
Mid cap中盘 · $5B
Energy
S&P 600标普600小盘Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$12.85
-$0.05 · -0.39%
52w low52周低 $4.90high高 $13.46
Extended — wait for a pullback过度拉伸 — 等待回撤
Trend intact — hold. Late in the cycle, so don't add here; a pullback is due.趋势完好——持有。已处周期晚期，此处不宜加仓；回调即将到来。
As of 2026-09-14截至 2026-09-14
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-14
Momentum (RSI 14)动量（RSI 14）
63
Elevated偏高
vs 50-day average相对50日均线
+18.3% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+34.8% above上方
Long trend up长期向上
Volatility波动率
36th percentile第36百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-10-2844
Estimates being cut预期下调
Beat expectations 4 quarters in a row连续 4 季度超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 65.5%
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | PTEN | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/B市净率 | 1.51x | 2.17 | |
| P/S市销率 | 1.01x | 2.12 | |
| Earnings yield盈利收益率 | -1.91% | 4.13 | |
| FCF yield自由现金流收益率 | 7.64% | 4.35 | |
| Shareholder yield股东收益率 | 1.43% | 2.74 | |
| P/FCF市值/自由现金流 | 13.10x | 22.10 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$4.8B2025
20202025
5-yr growth5年复合增速 33.8%
Earnings per share每股收益
$-0.242025
20202025
Free cash flow自由现金流
$372.2M2025
20202025
Operating margin营业利润率
-0.8%
Net margin净利率
-1.9%
FCF margin自由现金流利润率
19.9%
Balance-sheet quality财务体质 5/8
Bankruptcy risk: grey zone破产风险：灰色区
Return on equity股本回报率 -3%
Watch关注
Leverage杠杆
Current ratio流动比率1.64
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$69.6M
Stock-based comp股权薪酬$39.3M
Share count change (1y)股数变化（1年）-2.1%
Debt coming due到期债务
SEC filingsSEC 文件We do not have an SEC filing record for this listing.我们目前没有该证券的 SEC 备案记录。
This panel only reads filings an issuer makes with the SEC, and this listing has not been matched to one.本面板仅读取发行人向 SEC 提交的文件，该证券尚未匹配到对应的备案主体。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Short-duration name into a restrictive, rising-real-rate regime → rate tailwind.短久期标的进入偏紧、实际利率上行的环境→利率顺风。
Positioning持仓
Short interest changed +31.4%空头仓位变动 +31.4%
Technical技术面
PTEN daily MACD crossed downPTEN 日线MACD下穿
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$17.0M net (0 buyers, 6 sellers)-$17.0M 净值（0 买家，6 卖家）
Signal history信号历史
engine events引擎事件
BUY ZONE → UPTREND买入区 → 上涨趋势
HOLD. The weekly (investor-cycle) momentum just crossed UP while price holds its 10-day average — the start of a new multi-month up-leg. A daily-overbought print here is the launch thrust, not a top, so this is a HOLD / ride, not a take-profit. The daily can still dip to its 10-day average (normal) — but the bigger investor cycle is early, with room left. Last cycle was left-translated (topped early) — a bearish structural tell持有。周线（投资者周期）动量刚刚向上交叉，且价格守住 10 日均线——这是新的多月上行段的起点。此处日线超买只是启动推力、并非见顶，因此应持有 / 顺势，而非止盈。日线仍可能回踩 10 日均线（属正常）——但更大的投资者周期尚处早期，仍有空间。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Sep 11, 2026
PTEN daily MACD crossed downPTEN 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $12.85.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$12.85。
Sep 9, 2026
UPTREND → BUY ZONE上涨趋势 → 买入区
BUY买入
Sep 8, 2026
PTEN took relative-strength leadershipPTEN 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $12.66.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$12.66。
Sep 2, 2026
BUY ZONE → UPTREND买入区 → 上涨趋势
HOLD持有
Sep 2, 2026
PTEN RSI reached overboughtPTEN RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $13.15.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$13.15。
Sep 1, 2026
PTEN took relative-strength leadershipPTEN 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $12.79.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$12.79。
Sep 1, 2026
PTEN made a new 52-week highPTEN 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $12.79.价格创出52周新高 — 全市场关注的动量/趋势极值。$12.79。
Aug 28, 2026
PTEN weekly MACD crossed upPTEN 周线MACD上穿
The weekly MACD histogram turned positive — the slower, less-whippy momentum read.周线MACD柱状图转正 — 更慢、更少来回的动量信号。
Aug 27, 2026
BOTTOMING → BUY ZONE筑底中 → 买入区
BUY买入
Showing the last 15 of显示最近15条，共 265 signals条信号
Company profile公司档案
Patterson-UTI Energy, Inc. provides land drilling and pressure pumping services, directional drilling, rental equipment and technology to clients in the United States and western Canada.Patterson-UTI Energy, Inc. 为美国和加拿大西部的客户提供陆地钻井、压裂泵送服务、定向钻井、租赁设备及技术。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Above market高于市场
Investment资本投入
Above market高于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Above market高于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| Price / Book市净率 | 1.5× | 2.2× | 68% |
| Price / Sales市销率 | 1.0× | 2.1× | 82% |
| Earnings yield盈利收益率 | -1.9% | 4.1% | 10% |
| Free-cash-flow yield自由现金流收益率 | 19.7% | 10.9% | 78% |
| Shareholder yield股东综合回报率 | 1.4% | 2.7% | 28% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
91/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
80/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
83/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
95/100 — stronger than most强于多数
Rank in sector行业内排名
#15 / 78
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +3.5% | -0.8% |
| 1 Month近1月 | +17.5% | -1.1% |
| 3 Months近3月 | +11.8% | +3.3% |
| 6 Months近6月 | +26.0% | +15.7% |
| Year to date年初至今 | +102.8% | +12.2% |
| 1 Year近1年 | +139.3% | +17.2% |
| 3 Years近3年 | -8.7% | +77.4% |
Trading information交易信息
Beta vs market贝塔
-0.14
Volatility rank波动率分位
36th pctile
Short interest空头占比
10.1% of float
Market cap市值
$5B
EPS (trailing)每股收益
$-0.25
Off 52-week high距52周高点
-2.3%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $1.1B | $1.4B | $2.6B | $4.1B | $5.4B | $4.8B |
| EPS每股收益 | $-4.27 | $-3.36 | $0.70 | $0.88 | $-2.44 | $-0.24 |
| Free cash flow自由现金流 | $133M | $-71M | $129M | $390M | $497M | $372M |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | -71.5% | -48.2% | 5.8% | 5.9% | -18.0% | -1.9% |
| FCF margin自由现金流利润率 | 11.9% | -5.2% | 4.9% | 9.4% | 9.2% | 7.7% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$4.8B
Net income净利润
$-93M
Operating cash flow经营现金流
$961M
Total assets总资产
$5.6B
Shareholder equity股东权益
$3.2B
Long-term debt长期负债
$1.2B
Buybacks股票回购
$70M
Shares outstanding总股本
0.38B
Returns & growth回报与增长
Return on equity股本回报率
-2.9%
Return on assets资产回报率
-1.7%
Debt / assets负债/资产
21.9%
Asset growth资产增速
-4.5%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Working capital: inventory +384% vs sales +329% — inventory building, demand risk营运资本：存货 +384% 对销售 +329%——存货积压，需求风险
- Capital discipline: share count +102.2% over 6 years (dilution)资本纪律：股本 6 年增加 102.2%（稀释）
- Balance sheet: Altman Z 1.89 — grey zone资产负债表：Altman Z 1.89——灰色区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
63
RSI (2-day)RSI（2日）
54
vs 20-day average相对20日均线
+4.5%
vs 50-day average相对50日均线
+18.3%
vs 200-day average相对200日均线
+34.8%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down — fresh downturn动能向下——刚刚转弱
3-day3日线
momentum up动能向上
Weekly周线
momentum up — fresh upturn动能向上——刚刚转强
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
27/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $0.00 | $-0.03 | +100.0% |
| Mar 2026 | $-0.06 | $-0.10 | +40.0% |
| Dec 2025 | $-0.02 | $-0.11 | +81.8% |
| Sep 2025 | $-0.06 | $-0.10 | +40.0% |
Estimate revisions预期修正
Analysts covering覆盖分析师
1
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
+111.4%
Net upgrades, 30 days净上调（30天）
-1
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$17.0M
Insider buyers vs sellers内部人买家vs卖家
0 : 6
Short interest空头占流通盘
10.1%
Days to cover回补天数
4.9
Short interest change空头变化
+31.4%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Feb · 100%
Weakest month最弱月份
Aug · 25%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +3.2% | 3 |
| Feb2月 | 100% | +6.2% | 3 |
| Mar3月 | 100% | +3.5% | 3 |
| Apr4月 | 33% | -9.4% | 3 |
| May5月 | 33% | -1.2% | 3 |
| Jun6月 | 33% | -5.1% | 3 |
| Jul7月 | 100% | +6.6% | 3 |
| Aug8月 | 25% | -0.9% | 4 |
| Sep9月 | 25% | -0.7% | 4 |
| Oct10月 | 67% | +0.8% | 3 |
| Nov11月 | 33% | -6.8% | 3 |
| Dec12月 | 67% | +0.1% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。