What is Atb Cap Markets' Forecast for PTEN Q2 Earnings?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Stock analysts at Atb Cap Markets issued their Q2 2025 earnings per share (EPS) estimates for shares of Patterson-UTI Energy in a research note issued on Monday, April 28th. Atb Cap Markets analyst W. Syed anticipates that the oil and gas company will post earnings per share of ($0.02) for the quarter. 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 Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.10) EPS, Q1 2026 earnings at ($0.02) EPS, FY2026 earnings at $0.03 EPS and FY2027 earnings at $0.20 EPS.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.04. Patterson-UTI Energy had a negative net margin of 18.00% and a positive return on equity of 0.81%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same period last year, the company earned $0.15 earnings per share. The business's revenue was down 15.2% on a year-over-year basis.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group decreased their price target on Patterson-UTI Energy from $11.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Raymond James downgraded shares of Patterson-UTI Energy from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Barclays cut their price target on shares of Patterson-UTI Energy from $11.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Morgan Stanley decreased their price objective on shares of Patterson-UTI Energy from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Finally, Stifel Nicolaus cut their target price on Patterson-UTI Energy from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $10.32.

Patterson-UTI Energy Stock Up 2.9 %

PTEN traded up $0.17 during midday trading on Thursday, reaching $6.03. 11,458,596 shares of the company were exchanged, compared to its average volume of 9,082,752. Patterson-UTI Energy has a one year low of $5.12 and a one year high of $11.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.34 and a current ratio of 1.54. The company's fifty day moving average price is $7.01 and its 200 day moving average price is $7.84. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -2.44 and a beta of 1.33.

Patterson-UTI Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.31%. Patterson-UTI Energy's dividend payout ratio is presently -12.31%.

Insider Transactions at Patterson-UTI Energy

In other Patterson-UTI Energy news, CEO William Andrew Hendricks, Jr. acquired 25,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $7.88 per share, with a total value of $197,000.00. Following the acquisition, the chief executive officer now owns 2,482,592 shares in the company, valued at approximately $19,562,824.96. This represents a 1.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Carl Stewart sold 48,149 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $7.42, for a total value of $357,265.58. Following the sale, the director now owns 85,475 shares in the company, valued at approximately $634,224.50. This represents a 36.03 % decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Patterson-UTI Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC bought a new stake in Patterson-UTI Energy during the 3rd quarter worth approximately $186,000. Franklin Resources Inc. raised its position in shares of Patterson-UTI Energy by 7.5% in the third quarter. Franklin Resources Inc. now owns 683,621 shares of the oil and gas company's stock worth $5,640,000 after buying an additional 47,640 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Patterson-UTI Energy by 12.1% during the third quarter. Principal Financial Group Inc. now owns 5,167,871 shares of the oil and gas company's stock valued at $39,535,000 after buying an additional 559,859 shares during the period. International Assets Investment Management LLC grew its position in Patterson-UTI Energy by 3,991.5% during the fourth quarter. International Assets Investment Management LLC now owns 25,040 shares of the oil and gas company's stock worth $207,000 after buying an additional 24,428 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in Patterson-UTI Energy by 16.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 360,942 shares of the oil and gas company's stock worth $2,981,000 after buying an additional 51,216 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other 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.