Capital One Financial Has Negative View of PTEN Q2 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Equities research analysts at Capital One Financial lowered their Q2 2025 earnings estimates for shares of Patterson-UTI Energy in a report issued on Wednesday, July 23rd. Capital One Financial analyst D. Becker now anticipates that the oil and gas company will earn ($0.05) per share for the quarter, down from their previous estimate of ($0.04). The consensus estimate for Patterson-UTI Energy's current full-year earnings is ($0.10) per share. Capital One Financial also issued estimates for Patterson-UTI Energy's Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.15) EPS, FY2025 earnings at ($0.29) EPS, Q1 2026 earnings at ($0.14) EPS, Q2 2026 earnings at ($0.16) EPS, Q3 2026 earnings at ($0.16) EPS, Q4 2026 earnings at ($0.18) EPS and FY2026 earnings at ($0.63) EPS.

Several other brokerages have also recently commented on PTEN. Piper Sandler began coverage on shares of Patterson-UTI Energy in a research note on Tuesday, July 15th. They issued a "neutral" rating and a $7.00 price target on the stock. Susquehanna decreased their target price on shares of Patterson-UTI Energy from $9.00 to $8.00 and set a "positive" rating on the stock in a research report on Wednesday, June 4th. Barclays decreased their target price on shares of Patterson-UTI Energy from $11.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Citigroup restated a "neutral" rating and set a $6.50 target price on shares of Patterson-UTI Energy in a research report on Monday, May 19th. Finally, Morgan Stanley decreased their target price on shares of Patterson-UTI Energy from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.36.

Patterson-UTI Energy Price Performance

PTEN stock traded down $0.18 during mid-day trading on Friday, hitting $5.92. The company had a trading volume of 10,520,865 shares, compared to its average volume of 9,258,117. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -2.14 and a beta of 1.32. Patterson-UTI Energy has a 12-month low of $5.12 and a 12-month high of $11.07. The company has a quick ratio of 1.40, a current ratio of 1.73 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $6.04 and a 200 day moving average price of $7.01.

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

Patterson-UTI Energy Announces Dividend

The business also recently announced 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 of this dividend is Tuesday, September 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 5.41%. Patterson-UTI Energy's dividend payout ratio is currently -11.59%.

Insider Buying and Selling

In other Patterson-UTI Energy news, Director James Carl Stewart sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $5.98, for a total value of $32,890.00. Following the transaction, the director directly owned 999,754 shares in the company, valued at $5,978,528.92. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Patterson-UTI Energy

A number of hedge funds have recently added to or reduced their stakes in PTEN. Sequoia Financial Advisors LLC lifted its position in Patterson-UTI Energy by 14.7% during the first quarter. Sequoia Financial Advisors LLC now owns 36,561 shares of the oil and gas company's stock valued at $301,000 after acquiring an additional 4,691 shares during the last quarter. Northern Trust Corp lifted its position in Patterson-UTI Energy by 4.1% during the fourth quarter. Northern Trust Corp now owns 4,288,829 shares of the oil and gas company's stock valued at $35,426,000 after acquiring an additional 170,417 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Patterson-UTI Energy by 199.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 62,188 shares of the oil and gas company's stock valued at $511,000 after acquiring an additional 41,418 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Patterson-UTI Energy by 729.8% during the first quarter. Teacher Retirement System of Texas now owns 133,011 shares of the oil and gas company's stock valued at $1,093,000 after acquiring an additional 116,982 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in Patterson-UTI Energy during the fourth quarter valued at approximately $3,717,000. 97.91% of the stock is currently owned by institutional investors.

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.