Zacks Research Issues Optimistic Forecast for PTEN Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Analysts at Zacks Research raised their Q1 2025 earnings estimates for Patterson-UTI Energy in a report released on Wednesday, February 19th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will earn ($0.07) per share for the quarter, up from their prior forecast of ($0.09). The consensus estimate for Patterson-UTI Energy’s current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for Patterson-UTI Energy’s Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.19) EPS, Q1 2026 earnings at ($0.04) EPS and FY2026 earnings at $0.11 EPS.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group upgraded shares of Patterson-UTI Energy from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $11.00 to $10.00 in a research note on Friday, December 13th. Raymond James lowered shares of Patterson-UTI Energy from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Stifel Nicolaus dropped their price target on shares of Patterson-UTI Energy from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Citigroup dropped their price target on shares of Patterson-UTI Energy from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.63.

Patterson-UTI Energy Stock Down 5.5 %

NASDAQ:PTEN opened at $8.34 on Monday. The firm has a market capitalization of $3.22 billion, a P/E ratio of -3.38 and a beta of 2.07. Patterson-UTI Energy has a 1-year low of $7.15 and a 1-year high of $12.65. The company’s fifty day moving average price is $8.46 and its 200-day moving average price is $8.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.34.

Hedge Funds Weigh In On Patterson-UTI Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Atria Investments Inc lifted its stake in shares of Patterson-UTI Energy by 3.7% in the fourth quarter. Atria Investments Inc now owns 34,831 shares of the oil and gas company’s stock worth $288,000 after buying an additional 1,252 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Patterson-UTI Energy by 31.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,678 shares of the oil and gas company’s stock worth $47,000 after buying an additional 1,358 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Patterson-UTI Energy by 10.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 15,698 shares of the oil and gas company’s stock worth $130,000 after buying an additional 1,436 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Patterson-UTI Energy by 7.2% in the third quarter. CIBC Asset Management Inc now owns 22,336 shares of the oil and gas company’s stock worth $171,000 after buying an additional 1,501 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Patterson-UTI Energy by 4.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 40,711 shares of the oil and gas company’s stock worth $336,000 after buying an additional 1,596 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert Wayne Drummond, Jr. sold 230,000 shares of Patterson-UTI Energy stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $8.89, for a total value of $2,044,700.00. Following the sale, the director now owns 1,549,081 shares in the company, valued at $13,771,330.09. This trade represents a 12.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Carl Stewart sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $7.36, for a total transaction of $588,800.00. Following the completion of the transaction, the director now directly owns 32,438 shares in the company, valued at approximately $238,743.68. This represents a 71.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Patterson-UTI Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 3.84%. Patterson-UTI Energy’s dividend payout ratio (DPR) is -12.96%.

Patterson-UTI Energy Company Profile

Patterson-UTI Energy, Inc, through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries.