Patterson-UTI Energy (PTEN) to Release Quarterly Earnings on Wednesday

Key Points

• Q1 2026 results expected: Patterson-UTI Energy is set to likely report Q1 2026 earnings after the close on April 22, with analysts forecasting EPS of ($0.0825) and revenue of $1.1145 billion; an earnings call is scheduled for April 23 at 10:00 AM ET.
• Last quarter beat but profitability remains weak: On Feb. 4 the company beat EPS estimates ($-0.02 vs. -$0.11) and reported $1.15 billion in revenue, yet it still shows negative margins and the stock fell about 6.4%.
• Dividend hike and mixed analyst views: Patterson-UTI raised its quarterly dividend to $0.10 (annualized $0.40) for a ~4.0% yield, while analysts remain mixed with a consensus "Hold" and an average price target of $8.78.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) will likely be announcing its Q1 2026 results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of ($0.0825) per share and revenue of $1.1145 billion for the quarter. Investors may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Thursday, April 23, 2026 at 10:00 AM ET.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.09. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.10 billion. Patterson-UTI Energy had a negative return on equity of 1.50% and a negative net margin of 1.94%.The firm's revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) earnings per share. On average, analysts expect Patterson-UTI Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Patterson-UTI Energy Stock Down 6.4%

Shares of NASDAQ PTEN opened at $9.88 on Wednesday. The stock has a market cap of $3.75 billion, a P/E ratio of -39.52 and a beta of 0.57. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.38. Patterson-UTI Energy has a 12-month low of $5.10 and a 12-month high of $11.75. The business's fifty day simple moving average is $9.55 and its 200-day simple moving average is $7.41.

Patterson-UTI Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Patterson-UTI Energy's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 4.0%. Patterson-UTI Energy's dividend payout ratio is -160.00%.

Insider Transactions at Patterson-UTI Energy

In other Patterson-UTI Energy news, Director Robert Wayne Drummond, Jr. sold 164,775 shares of Patterson-UTI Energy stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $10.18, for a total value of $1,677,409.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Patterson-UTI Energy

Institutional investors have recently added to or reduced their stakes in the business. Sourcerock Group LLC lifted its position in shares of Patterson-UTI Energy by 109.2% during the 2nd quarter. Sourcerock Group LLC now owns 13,803,775 shares of the oil and gas company's stock valued at $81,856,000 after acquiring an additional 7,205,652 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Patterson-UTI Energy by 110.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,559,219 shares of the oil and gas company's stock valued at $64,517,000 after acquiring an additional 5,551,276 shares during the period. Millennium Management LLC lifted its position in shares of Patterson-UTI Energy by 97.7% during the 3rd quarter. Millennium Management LLC now owns 8,989,351 shares of the oil and gas company's stock valued at $46,565,000 after acquiring an additional 4,442,700 shares during the period. Holocene Advisors LP lifted its position in shares of Patterson-UTI Energy by 7,113.3% during the 2nd quarter. Holocene Advisors LP now owns 3,336,066 shares of the oil and gas company's stock valued at $19,783,000 after acquiring an additional 3,289,817 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Patterson-UTI Energy by 444.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,020,212 shares of the oil and gas company's stock valued at $17,910,000 after acquiring an additional 2,465,209 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Susquehanna boosted their target price on Patterson-UTI Energy from $10.00 to $13.00 and gave the company a "positive" rating in a report on Tuesday, April 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of Patterson-UTI Energy in a report on Monday, December 29th. Royal Bank Of Canada boosted their target price on Patterson-UTI Energy from $8.00 to $9.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Citigroup boosted their target price on Patterson-UTI Energy from $7.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, February 9th. Finally, Stifel Nicolaus boosted their target price on Patterson-UTI Energy from $9.00 to $11.00 and gave the company a "buy" rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.78.

About Patterson-UTI Energy

Patterson-UTI Energy provides a comprehensive suite of onshore contract drilling and pressure pumping services to exploration and production companies in North America. The company's core offerings include land-based drilling rigs, directional drilling, hydraulic fracturing services, downhole tool rental and well-servicing equipment. By integrating drilling and completion capabilities, Patterson-UTI Energy offers operators a streamlined solution designed to improve operational efficiency and well performance.

Headquartered in Houston, Texas, Patterson-UTI Energy traces its origins to its founding in 1978 and was later incorporated in Delaware in 1996.

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