PTEN vs. NE

Last updated Apr 1, 2026

Compare and contrast key facts about Patterson-UTI Energy, Inc. (PTEN) and Noble Corporation (NE).

Performance

PTEN vs. NE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Patterson-UTI Energy, Inc. (PTEN) and Noble Corporation (NE). The values are adjusted to include any dividend payments, if applicable.

PTEN vs. NE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PTEN Patterson-UTI Energy, Inc.	79.36%	-22.08%	-20.99%	-34.18%	101.74%	-19.39%
NE Noble Corporation	75.68%	-3.21%	-31.57%	29.54%	52.00%	0.24%

Fundamentals

Market Cap PTEN : $4.11B NE : $7.86B
EPS PTEN : -$0.24 NE : $1.35
PB Ratio PTEN : 1.27 NE : 1.73
Total Revenue (TTM) PTEN : $4.83B NE : $0.00
Gross Profit (TTM) PTEN : $171.88M NE : $0.00
EBITDA (TTM) PTEN : $872.53M NE : $583.40M

Returns By Period

The year-to-date returns for both stocks are quite close, with PTEN having a 79.36% return and NE slightly lower at 75.68%.

PTEN

• 1D: -1.99%
• 1M: 28.78%
• YTD: 79.36%
• 6M: 114.51%
• 1Y: 39.08%
• 3Y*: 1.31%
• 5Y*: 11.18%
• 10Y*: -2.25%

NE

• 1D: 0.37%
• 1M: 9.21%
• YTD: 75.68%
• 6M: 78.08%
• 1Y: 120.42%
• 3Y*: 12.93%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PTEN vs. NE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTEN

PTEN Risk / Return Rank: 62
PTEN Sharpe Ratio Rank: 65
PTEN Sortino Ratio Rank: 61
PTEN Omega Ratio Rank: 63
PTEN Calmar Ratio Rank: 65
PTEN Martin Ratio Rank: 57

NE

NE Risk / Return Rank: 92
NE Sharpe Ratio Rank: 94
NE Sortino Ratio Rank: 90
NE Omega Ratio Rank: 90
NE Calmar Ratio Rank: 93
NE Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	PTEN	NE	Difference
Sharpe ratio Return per unit of total volatility	0.67	2.44	-1.77
Sortino ratio Return per unit of downside risk	1.21	2.82	-1.61
Omega ratio Gain probability vs. loss probability	1.17	1.39	-0.22
Calmar ratio Return relative to maximum drawdown	1.05	4.69	-3.64
Martin ratio Return relative to average drawdown	1.50	13.44	-11.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTEN vs. NE - Sharpe Ratio Comparison

The current PTEN Sharpe Ratio is 0.67, which is lower than the NE Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of PTEN and NE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PTEN	NE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	2.44	-1.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.43	-0.28

Correlation

The correlation between PTEN and NE is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PTEN vs. NE - Dividend Comparison

PTEN's dividend yield for the trailing twelve months is around 3.14%, less than NE's 4.08% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTEN Patterson-UTI Energy, Inc.	3.14%	5.24%	3.87%	2.96%	1.19%	0.95%	1.90%	1.52%	1.35%	0.35%	0.59%	2.65%
NE Noble Corporation	4.08%	7.08%	5.73%	1.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	PTEN	NE	Difference
Max Drawdown Largest peak-to-trough decline	-95.13%	-63.16%	-31.97%
Max Drawdown (1Y) Largest decline over 1 year	-37.74%	-24.73%	-13.01%
Max Drawdown (5Y) Largest decline over 5 years	-70.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-94.02%	—	—
Current Drawdown Current decline from peak	-63.65%	-1.53%	-62.12%
Average Drawdown Average peak-to-trough decline	-42.15%	-20.05%	-22.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.42%	8.64%	+17.78%

Volatility

PTEN vs. NE - Volatility Comparison

Patterson-UTI Energy, Inc. (PTEN) has a higher volatility of 9.86% compared to Noble Corporation (NE) at 9.30%. 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.

Volatility by Period

	PTEN	NE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.86%	9.30%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	32.55%	29.76%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	58.38%	49.60%	+8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.16%	43.61%	+11.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.97%	43.61%	+18.36%

Financials

PTEN vs. NE - Profitability Comparison

The chart below illustrates the profitability comparison between Patterson-UTI Energy, Inc. and Noble Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PTEN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Patterson-UTI Energy, Inc. reported a gross profit of 0.00 and revenue of 1.15B. 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 Apr 2026, Noble Corporation reported a gross profit of -676.78M and revenue of -2.52B. Therefore, the gross margin over that period was 26.8%.

PTEN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Patterson-UTI Energy, Inc. reported an operating income of -235.00K and revenue of 1.15B, resulting in an operating margin of -0.0%.

NE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Noble Corporation reported an operating income of 42.56M and revenue of -2.52B, resulting in an operating margin of -1.7%.

PTEN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Patterson-UTI Energy, Inc. reported a net income of -9.09M and revenue of 1.15B, resulting in a net margin of -0.8%.

NE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Noble Corporation reported a net income of 86.64M and revenue of -2.52B, resulting in a net margin of -3.4%.