FY2025 Earnings Estimate for PTEN Issued By Atb Cap Markets

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Stock analysts at Atb Cap Markets lowered their FY2025 earnings per share (EPS) estimates for Patterson-UTI Energy in a report released on Tuesday, July 1st. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will earn ($0.18) per share for the year, down from their previous estimate of ($0.17). 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 Q1 2026 earnings at ($0.09) EPS, Q2 2026 earnings at ($0.06) EPS, Q3 2026 earnings at ($0.04) EPS, Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.26) EPS, Q1 2027 earnings at ($0.05) EPS, Q2 2027 earnings at ($0.02) EPS and FY2027 earnings at ($0.08) EPS.

Other equities analysts have also recently issued reports about the stock. Barclays reduced their price objective on shares of Patterson-UTI Energy from $11.00 to $8.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on shares of Patterson-UTI Energy from $9.00 to $7.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. The Goldman Sachs Group cut their price objective on shares of Patterson-UTI Energy from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus dropped their price target 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. Finally, Susquehanna reduced their price target 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $9.50.

Patterson-UTI Energy Price Performance

NASDAQ:PTEN opened at $6.31 on Friday. The stock has a market capitalization of $2.44 billion, a PE ratio of -2.43 and a beta of 1.32. Patterson-UTI Energy has a 1-year low of $5.12 and a 1-year high of $11.27. The firm has a fifty day simple moving average of $5.97 and a 200 day simple moving average of $7.21. The company has a current ratio of 1.61, a quick ratio of 1.40 and a debt-to-equity ratio of 0.36.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.00 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.04. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.18 billion. Patterson-UTI Energy had a negative net margin of 19.78% and a negative return on equity of 0.70%. The firm's quarterly revenue was down 15.2% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share.

Patterson-UTI Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Monday, June 2nd. Patterson-UTI Energy's dividend payout ratio (DPR) is currently -12.31%.

Insider Activity

In related 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 completion of the transaction, the director directly owned 999,754 shares of the company's stock, valued at approximately $5,978,528.92. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Patterson-UTI Energy

Several hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Patterson-UTI Energy by 1,443.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,441 shares of the oil and gas company's stock valued at $29,000 after buying an additional 3,218 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Patterson-UTI Energy during the fourth quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Patterson-UTI Energy during the fourth quarter valued at approximately $42,000. Smartleaf Asset Management LLC boosted its holdings in shares of Patterson-UTI Energy by 43.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,660 shares of the oil and gas company's stock valued at $46,000 after purchasing an additional 1,717 shares during the period. Finally, State of Wyoming bought a new position in Patterson-UTI Energy in the first quarter worth approximately $54,000. 97.91% of the stock is currently owned by institutional investors.

About Patterson-UTI Energy

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.

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