Q4 Earnings Forecast for PTEN Issued By Zacks Research

Key Points

• Zacks Research forecasts Patterson-UTI Energy to earn $0.01 per share in Q4 2026, while projecting $0.12 EPS for full-year 2027. The firm maintains a “Hold” rating.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating from 16 analysts and an average price target of $13.14, compared with the stock’s recent price of $11.55.
• Patterson-UTI pays a quarterly dividend of $0.10 per share, equivalent to a 3.5% yield, while insiders sold about 1.03 million shares worth $12.7 million during the latest quarter.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Zacks Research issued their Q4 2026 earnings estimates for shares of Patterson-UTI Energy in a research report issued to clients and investors on Monday, October 5th. Zacks Research analyst Team forecasts that the oil and gas company will earn $0.01 per share for the quarter. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Patterson-UTI Energy's current full-year earnings is ($0.01) per share. Zacks Research also issued estimates for Patterson-UTI Energy's Q2 2027 earnings at $0.05 EPS, Q4 2027 earnings at $0.06 EPS and FY2027 earnings at $0.12 EPS.

PTEN has been the topic of a number of other reports. JPMorgan Chase & Co. raised Patterson-UTI Energy from an "underweight" rating to a "neutral" rating and set a $12.00 price target on the stock in a research note on Friday, July 31st. UBS Group assumed coverage on Patterson-UTI Energy in a research note on Friday. They issued a "neutral" rating and a $13.00 price objective for the company. Barclays boosted their price objective on Patterson-UTI Energy from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Citigroup lowered their target price on Patterson-UTI Energy from $13.50 to $12.50 and set a "neutral" rating on the stock in a research report on Friday. Finally, Stifel Nicolaus increased their target price on Patterson-UTI Energy from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Tuesday, June 16th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.14.

Patterson-UTI Energy Trading Up 3.0%

NASDAQ PTEN opened at $11.55 on Tuesday. The business has a 50 day simple moving average of $11.50 and a 200 day simple moving average of $11.04. Patterson-UTI Energy has a one year low of $5.24 and a one year high of $13.39. The stock has a market capitalization of $4.41 billion, a P/E ratio of -50.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.75 and a quick ratio of 1.57.

Patterson-UTI Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.40 annualized dividend and a yield of 3.5%. Patterson-UTI Energy's dividend payout ratio (DPR) is -173.91%.

Insider Activity

In related news, Director Robert Wayne Drummond, Jr. sold 198,395 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $12.85, for a total transaction of $2,549,375.75. Following the transaction, the director directly owned 928,773 shares of the company's stock, valued at $11,934,733.05. This trade represents a 17.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Stewart sold 207,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $11.54, for a total transaction of $2,388,780.00. The disclosure for this sale is available in the SEC filing. Insiders sold 1,027,000 shares of company stock valued at $12,698,780 over the last quarter. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Patterson-UTI Energy

Institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Patterson-UTI Energy during the second quarter worth $32,000. Rockefeller Capital Management L.P. grew its stake in Patterson-UTI Energy by 187.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,591 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 4,299 shares during the period. Nykredit A S purchased a new stake in shares of Patterson-UTI Energy during the 2nd quarter valued at $56,000. Caitong International Asset Management Co. Ltd increased its position in shares of Patterson-UTI Energy by 268,475.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,743 shares of the oil and gas company's stock valued at $66,000 after purchasing an additional 10,739 shares during the last quarter. Finally, Allworth Financial LP bought a new stake in shares of Patterson-UTI Energy during the 2nd quarter worth $68,000. 97.91% of the stock is owned by institutional investors.

Patterson-UTI Energy Company Profile

Patterson-UTI Energy, Inc NASDAQ: PTEN is an energy services company that provides drilling and well-completion solutions to oil and natural gas exploration and production companies. Its operations support the development of unconventional and conventional wells, primarily in North America.

The company's drilling services include contract land drilling, directional drilling, and related technologies designed to improve well placement, efficiency, and performance. Patterson-UTI also provides completion services, including pressure pumping, wireline, and other well-completion and production-support services.

Through its drilling products business, Patterson-UTI manufactures and distributes drilling equipment and downhole tools, including drill bits, drilling motors, and related products.

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