Equities Analysts Set Expectations for PTEN Q2 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Investment analysts at Atb Cap Markets issued their Q2 2025 earnings per share estimates for shares of Patterson-UTI Energy in a research report issued to clients and investors on Monday, April 28th. Atb Cap Markets analyst W. Syed forecasts that the oil and gas company will post earnings per share of ($0.02) for the quarter. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is ($0.10) per share. Atb Cap Markets also issued estimates for Patterson-UTI Energy’s Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.10) EPS, Q1 2026 earnings at ($0.02) EPS, FY2026 earnings at $0.03 EPS and FY2027 earnings at $0.20 EPS.

A number of other equities analysts have also weighed in on PTEN. 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 cut their target price on Patterson-UTI Energy from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. The Goldman Sachs Group decreased their target price on shares of Patterson-UTI Energy from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley lowered their target price on Patterson-UTI Energy from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Finally, Susquehanna dropped their price target on Patterson-UTI Energy from $10.00 to $9.00 and set a “positive” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.88.

Patterson-UTI Energy Stock Up 2.9 %

Patterson-UTI Energy stock opened at $6.03 on Thursday. The stock has a 50 day moving average of $7.01 and a two-hundred day moving average of $7.84. Patterson-UTI Energy has a twelve month low of $5.12 and a twelve month high of $11.70. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -2.44 and a beta of 1.33. The company has a current ratio of 1.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.04. Patterson-UTI Energy had a negative net margin of 18.00% and a positive return on equity of 0.81%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $0.15 earnings per share. Patterson-UTI Energy’s quarterly revenue was down 15.2% on a year-over-year basis.

Hedge Funds Weigh In On Patterson-UTI Energy

A number of institutional investors and hedge funds have recently bought and sold shares of PTEN. Pacer Advisors Inc. lifted its position in Patterson-UTI Energy by 10.6% in the fourth quarter. Pacer Advisors Inc. now owns 22,096,553 shares of the oil and gas company’s stock worth $182,518,000 after purchasing an additional 2,123,659 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Patterson-UTI Energy by 89.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 16,954,738 shares of the oil and gas company’s stock valued at $140,046,000 after buying an additional 7,989,877 shares during the period. ARGA Investment Management LP boosted its stake in Patterson-UTI Energy by 25.2% during the first quarter. ARGA Investment Management LP now owns 12,784,573 shares of the oil and gas company’s stock valued at $105,089,000 after buying an additional 2,569,713 shares in the last quarter. American Century Companies Inc. grew its holdings in Patterson-UTI Energy by 13.5% during the fourth quarter. American Century Companies Inc. now owns 9,636,471 shares of the oil and gas company’s stock worth $79,597,000 after acquiring an additional 1,144,094 shares during the period. Finally, Van ECK Associates Corp raised its position in Patterson-UTI Energy by 31.2% in the fourth quarter. Van ECK Associates Corp now owns 7,321,667 shares of the oil and gas company’s stock worth $60,477,000 after acquiring an additional 1,743,241 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Insider Buying and Selling

In other Patterson-UTI Energy news, CEO William Andrew Hendricks, Jr. acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $7.88 per share, with a total value of $197,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,482,592 shares in the company, valued at $19,562,824.96. This trade represents a 1.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Wayne Drummond, Jr. sold 230,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $8.89, for a total transaction of $2,044,700.00. Following the completion of the transaction, the director now directly owns 1,549,081 shares in the company, valued at $13,771,330.09. This represents a 12.93 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Patterson-UTI Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Monday, June 2nd. Patterson-UTI Energy’s payout ratio is -12.31%.

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.