Q2 EPS Estimates for PTEN Reduced by Capital One Financial

Key Points

• Capital One Financial has lowered their Q2 2025 EPS estimate for Patterson-UTI Energy to ($0.05) from ($0.04), reflecting a pessimistic outlook for the company's earnings.
• Several analysts have also revised their price targets downward, with Royal Bank of Canada adjusting their target from $9.00 to $8.50, indicating a general bearish sentiment among equity researchers.
• The company reported a quarterly EPS of ($0.06), which was below the consensus estimate, along with a year-over-year revenue decline of 9.6%, highlighting ongoing financial challenges.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Equities researchers at Capital One Financial dropped their Q2 2025 earnings per share estimates for shares of Patterson-UTI Energy in a research report issued to clients and investors on Wednesday, July 23rd. Capital One Financial analyst D. Becker now anticipates that the oil and gas company will post earnings per share of ($0.05) 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.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group decreased their target price on Patterson-UTI Energy from $11.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Piper Sandler began coverage on Patterson-UTI Energy in a research note on Tuesday, July 15th. They issued a "neutral" rating and a $7.00 target price for the company. Citigroup reissued a "neutral" rating and issued a $6.50 target price on shares of Patterson-UTI Energy in a research note on Monday, May 19th. Morgan Stanley decreased their target price on Patterson-UTI Energy from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Friday, May 16th. Finally, Stifel Nicolaus reduced their price objective on Patterson-UTI Energy from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.36.

Patterson-UTI Energy Trading Up 4.1%

NASDAQ:PTEN traded up $0.25 on Friday, reaching $6.17. The company's stock had a trading volume of 2,204,449 shares, compared to its average volume of 11,802,253. Patterson-UTI Energy has a 1-year low of $5.12 and a 1-year high of $11.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.50 and a current ratio of 1.73. The firm has a market cap of $2.38 billion, a PE ratio of -2.23 and a beta of 1.32. The business's 50-day moving average price is $6.04 and its two-hundred day moving average price is $6.99.

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

Hedge Funds Weigh In On Patterson-UTI Energy

A number of large investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. increased its stake in shares of Patterson-UTI Energy by 89.1% during the fourth 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 during the period. ARGA Investment Management LP increased its stake in shares of 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 worth $105,089,000 after purchasing an additional 2,569,713 shares during the period. American Century Companies Inc. increased its stake in shares of Patterson-UTI Energy by 21.6% during the first quarter. American Century Companies Inc. now owns 11,717,431 shares of the oil and gas company's stock worth $96,317,000 after purchasing an additional 2,080,960 shares during the period. Norges Bank acquired a new stake in Patterson-UTI Energy during the fourth quarter worth approximately $52,817,000. Finally, Invesco Ltd. grew its position in Patterson-UTI Energy by 27.8% during the fourth quarter. Invesco Ltd. now owns 6,208,086 shares of the oil and gas company's stock worth $51,279,000 after buying an additional 1,351,001 shares in the last quarter. Institutional investors own 97.91% of the company's stock.

Insider Transactions at Patterson-UTI Energy

In other news, Director James Carl Stewart sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $5.98, for a total transaction of $32,890.00. Following the transaction, the director owned 999,754 shares in the company, valued at approximately $5,978,528.92. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by corporate insiders.

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 of this dividend is Tuesday, September 2nd. This represents a $0.32 annualized dividend and a yield of 5.19%. Patterson-UTI Energy's dividend payout ratio is -11.59%.

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.