Q2 EPS Estimate for Patterson-UTI Energy Lowered by Analyst

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Equities research analysts at Atb Cap Markets decreased their Q2 2025 EPS estimates for Patterson-UTI Energy in a research note issued on Wednesday, June 4th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will post earnings per share of ($0.03) 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 posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.00 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.04. Patterson-UTI Energy had a positive return on equity of 0.81% and a negative net margin of 18.00%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $0.15 earnings per share. The company's revenue for the quarter was down 15.2% on a year-over-year basis.

PTEN has been the topic of several other research reports. The Goldman Sachs Group dropped their target price on shares of Patterson-UTI Energy from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley lowered their target price on Patterson-UTI Energy from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Friday, May 16th. Stifel Nicolaus lowered 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. Susquehanna lowered their price objective 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. Finally, Barclays lowered their price objective on shares of Patterson-UTI Energy from $11.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Patterson-UTI Energy has a consensus rating of "Hold" and an average price target of $9.50.

Patterson-UTI Energy Price Performance

Shares of NASDAQ:PTEN opened at $5.80 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35. The stock's fifty day simple moving average is $5.92 and its two-hundred day simple moving average is $7.45. Patterson-UTI Energy has a 1-year low of $5.12 and a 1-year high of $11.27. The stock has a market cap of $2.24 billion, a PE ratio of -2.35 and a beta of 1.31.

Institutional Investors Weigh In On Patterson-UTI Energy

A number of institutional investors have recently made changes to their positions in PTEN. Fuller & Thaler Asset Management Inc. grew its stake in Patterson-UTI Energy by 89.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 16,954,738 shares of the oil and gas company's stock worth $140,046,000 after purchasing an additional 7,989,877 shares in the last quarter. Norges Bank acquired a new stake in shares of Patterson-UTI Energy in the 4th quarter worth $52,817,000. Nuveen LLC acquired a new stake in Patterson-UTI Energy in the first quarter valued at $22,563,000. ARGA Investment Management LP lifted its position in shares of Patterson-UTI Energy by 25.2% during the 1st quarter. ARGA Investment Management LP now owns 12,784,573 shares of the oil and gas company's stock valued at $105,089,000 after acquiring an additional 2,569,713 shares during the period. Finally, American Century Companies Inc. raised its position in Patterson-UTI Energy by 21.6% during the first quarter. American Century Companies Inc. now owns 11,717,431 shares of the oil and gas company's stock worth $96,317,000 after acquiring an additional 2,080,960 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Patterson-UTI Energy

In other Patterson-UTI Energy news, CEO William Andrew Hendricks, Jr. acquired 25,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $7.88 per share, for a total transaction of $197,000.00. Following the purchase, the chief executive officer now owns 2,482,592 shares in the company, valued at approximately $19,562,824.96. The trade was a 1.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Carl Stewart sold 5,500 shares of the company's stock in a transaction dated 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 now owns 999,754 shares of the company's stock, valued at approximately $5,978,528.92. This trade represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.40% of the company's stock.

Patterson-UTI Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.52%. Patterson-UTI Energy's dividend payout ratio is presently -12.31%.

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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