What is Zacks Research’s Forecast for PTEN Q3 Earnings?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Equities researchers at Zacks Research dropped their Q3 2025 earnings estimates for Patterson-UTI Energy in a research note issued on Wednesday, August 6th. Zacks Research analyst N. Choudhury now expects that the oil and gas company will post earnings per share of ($0.09) for the quarter, down from their prior forecast of ($0.06). 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 ($0.16) EPS, FY2025 earnings at ($0.31) EPS, Q1 2026 earnings at ($0.14) EPS, Q2 2026 earnings at ($0.13) EPS, Q3 2026 earnings at ($0.13) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.48) EPS, Q2 2027 earnings at ($0.02) EPS and FY2027 earnings at ($0.10) EPS.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada dropped their price target on Patterson-UTI Energy from $9.00 to $8.50 and set an “outperform” rating on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. reduced their target price on shares of Patterson-UTI Energy from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. Morgan Stanley reduced their target price on shares of Patterson-UTI Energy from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, May 16th. Barclays reduced their target price on shares of Patterson-UTI Energy from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Tuesday, July 29th. Finally, Stifel Nicolaus reduced their target price on shares of Patterson-UTI Energy from $12.00 to $10.00 and set a “buy” rating for the company in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.27.

Patterson-UTI Energy Stock Performance

Shares of PTEN opened at $5.41 on Monday. The firm has a 50-day moving average of $6.04 and a 200-day moving average of $6.74. Patterson-UTI Energy has a one year low of $5.12 and a one year high of $9.66. The company has a market cap of $2.08 billion, a PE ratio of -1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.73 and a quick ratio of 1.50.

Patterson-UTI Energy (NASDAQ:PTEN) last released its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Patterson-UTI Energy had a negative net margin of 21.49% and a negative return on equity of 1.94%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS.

Patterson-UTI Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.32 annualized dividend and a yield of 5.9%. Patterson-UTI Energy’s payout ratio is -11.59%.

Institutional Trading of Patterson-UTI Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. raised its stake in Patterson-UTI Energy by 89.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 16,954,738 shares of the oil and gas company’s stock worth $140,046,000 after purchasing an additional 7,989,877 shares in the last quarter. ARGA Investment Management LP raised its stake in Patterson-UTI Energy by 3.5% in the 2nd quarter. ARGA Investment Management LP now owns 13,238,092 shares of the oil and gas company’s stock worth $78,502,000 after purchasing an additional 453,519 shares in the last quarter. American Century Companies Inc. raised its position in shares of Patterson-UTI Energy by 21.6% in the 1st quarter. American Century Companies Inc. now owns 11,717,431 shares of the oil and gas company’s stock valued at $96,317,000 after buying an additional 2,080,960 shares in the last quarter. Invesco Ltd. raised its position in shares of Patterson-UTI Energy by 27.8% in the 4th quarter. Invesco Ltd. now owns 6,208,086 shares of the oil and gas company’s stock valued at $51,279,000 after buying an additional 1,351,001 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Patterson-UTI Energy by 4.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,747,463 shares of the oil and gas company’s stock valued at $39,024,000 after buying an additional 220,422 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.