PTEN vs. NE
PTEN (Patterson-UTI Energy, Inc.) and NE (Noble Corporation) are both stocks. Both operate in the Oil & Gas Drilling industry within the Energy sector. Over the past 5 years, PTEN returned 1.27%/yr vs 14.47%/yr for NE. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
PTEN vs. NE - Performance Comparison
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Returns By Period
In the year-to-date period, PTEN achieves a 68.27% return, which is significantly higher than NE's 51.82% return.
PTEN
- 1D
- -1.27%
- 1M
- -17.46%
- YTD
- 68.27%
- 6M
- 74.26%
- 1Y
- 75.01%
- 3Y*
- -0.28%
- 5Y*
- 1.27%
- 10Y*
- -4.89%
NE
- 1D
- -0.94%
- 1M
- -18.45%
- YTD
- 51.82%
- 6M
- 51.82%
- 1Y
- 58.17%
- 3Y*
- 10.38%
- 5Y*
- 14.47%
- 10Y*
- —
PTEN vs. NE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PTEN Patterson-UTI Energy, Inc. | 68.27% | -22.08% | -20.99% | -34.18% | 101.74% | -20.75% |
NE Noble Corporation | 51.82% | -3.21% | -31.57% | 29.54% | 52.00% | 1.27% |
Correlation
The correlation between PTEN and NE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.61 |
The correlation between PTEN and NE has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
Fundamentals
PTEN:
$3.82B
NE:
$6.75B
PTEN:
-$0.31
NE:
$1.43
PTEN:
0.83
NE:
2.10
PTEN:
1.21
NE:
1.47
PTEN:
$4.66B
NE:
$3.20B
PTEN:
$142.60M
NE:
$716.15M
PTEN:
$828.22M
NE:
$1.11B
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Return for Risk
PTEN vs. NE — Risk / Return Rank
PTEN
NE
PTEN vs. NE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Patterson-UTI Energy, Inc. (PTEN) and Noble Corporation (NE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PTEN | NE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.60 | +0.97 |
| Martin ratioReturn relative to average drawdown | 7.49 | 7.00 | +0.49 |
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Drawdowns
PTEN vs. NE - Drawdown Comparison
The maximum PTEN drawdown since its inception was -95.13%, which is greater than NE's maximum drawdown of -63.16%. Use the drawdown chart below to compare losses from any high point for PTEN and NE.
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Drawdown Indicators
| PTEN | NE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.13% | -63.16% | -31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -21.16% | -22.51% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -64.60% | -63.16% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -70.93% | -63.16% | -7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -94.02% | — | — |
Current DrawdownCurrent decline from peak | -65.90% | -22.01% | -43.89% |
Average DrawdownAverage peak-to-trough decline | -42.29% | -19.49% | -22.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.05% | 8.36% | +1.69% |
Volatility
PTEN vs. NE - Volatility Comparison
Patterson-UTI Energy, Inc. (PTEN) has a higher volatility of 15.02% compared to Noble Corporation (NE) at 10.93%. This indicates that PTEN's price experiences larger fluctuations and is considered to be riskier than NE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTEN | NE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.02% | 10.93% | +4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 35.31% | 28.56% | +6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.53% | 41.41% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.02% | 43.51% | +11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.21% | 43.39% | +18.82% |
Dividends
PTEN vs. NE - Dividend Comparison
PTEN's dividend yield for the trailing twelve months is around 3.57%, less than NE's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NE Noble Corporation | 4.77% | 7.08% | 5.73% | 1.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTEN Patterson-UTI Energy, Inc. | 3.57% | 5.24% | 3.87% | 2.96% | 1.19% | 0.95% | 1.90% | 1.52% | 1.35% | 0.35% | 0.59% | 2.65% |
Financials
PTEN vs. NE - Financials Comparison
This section allows you to compare key financial metrics between Patterson-UTI Energy, Inc. and Noble Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PTEN vs. NE - Profitability Comparison
PTEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Patterson-UTI Energy, Inc. reported a gross profit of 0.00 and revenue of 1.12B. Therefore, the gross margin over that period was 0.0%.
NE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Noble Corporation reported a gross profit of 305.45M and revenue of 785.69M. Therefore, the gross margin over that period was 38.9%.
PTEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Patterson-UTI Energy, Inc. reported an operating income of -14.32M and revenue of 1.12B, resulting in an operating margin of -1.3%.
NE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Noble Corporation reported an operating income of 225.31M and revenue of 785.69M, resulting in an operating margin of 28.7%.
PTEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Patterson-UTI Energy, Inc. reported a net income of -24.63M and revenue of 1.12B, resulting in a net margin of -2.2%.
NE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Noble Corporation reported a net income of 120.73M and revenue of 785.69M, resulting in a net margin of 15.4%.
Frequently Asked Questions
PTEN and NE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTEN has higher volatility (15.02%) compared to NE (10.93%). In terms of maximum drawdown, PTEN dropped -95.13% vs NE's -63.16%.
PTEN currently has the higher Sharpe Ratio (1.53 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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