Q2 Earnings Estimate for PTEN Issued By Atb Cap Markets

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Equities researchers at Atb Cap Markets reduced their Q2 2025 earnings estimates for shares of Patterson-UTI Energy in a research report issued on Wednesday, June 4th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will earn ($0.03) per share for the quarter, down from their prior estimate of ($0.02). 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 ($0.05) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.17) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.22) EPS, Q1 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.03) EPS.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.04. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.18 billion. Patterson-UTI Energy had a positive return on equity of 0.81% and a negative net margin of 18.00%. The company's revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus decreased their price target on shares of Patterson-UTI Energy from $13.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Susquehanna decreased their target price on shares of Patterson-UTI Energy from $9.00 to $8.00 and set a "positive" rating on the stock in a research note on Wednesday, June 4th. The Goldman Sachs Group lowered their price target 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. Barclays dropped their price target on Patterson-UTI Energy from $11.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Citigroup restated a "neutral" rating and set a $6.50 price objective on shares of Patterson-UTI Energy in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $9.50.

Patterson-UTI Energy Stock Performance

NASDAQ PTEN remained flat at $6.35 during trading on Monday. The company's stock had a trading volume of 8,117,753 shares, compared to its average volume of 9,854,628. 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 stock has a market capitalization of $2.45 billion, a P/E ratio of -2.57 and a beta of 1.31. Patterson-UTI Energy has a 12-month low of $5.12 and a 12-month high of $11.27. The firm's fifty day moving average price is $5.87 and its 200 day moving average price is $7.41.

Hedge Funds Weigh In On Patterson-UTI Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its stake in Patterson-UTI Energy by 4.1% during the fourth quarter. Northern Trust Corp now owns 4,288,829 shares of the oil and gas company's stock worth $35,426,000 after acquiring an additional 170,417 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Patterson-UTI Energy by 30.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,146,750 shares of the oil and gas company's stock valued at $9,472,000 after purchasing an additional 265,714 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of Patterson-UTI Energy during the 4th quarter worth about $3,717,000. Versor Investments LP grew its stake in shares of Patterson-UTI Energy by 53.0% in the 4th quarter. Versor Investments LP now owns 175,900 shares of the oil and gas company's stock valued at $1,453,000 after buying an additional 60,900 shares during the period. Finally, Ieq Capital LLC increased its position in Patterson-UTI Energy by 262.6% in the 4th quarter. Ieq Capital LLC now owns 43,618 shares of the oil and gas company's stock valued at $360,000 after buying an additional 31,589 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Insider Activity at Patterson-UTI Energy

In related news, Director James Carl Stewart sold 5,500 shares of the firm's 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 sale, the director now owns 999,754 shares of the company's stock, valued at $5,978,528.92. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

Patterson-UTI Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Monday, June 2nd. Patterson-UTI Energy's dividend payout ratio is presently -12.31%.

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.