PTEN Q3 EPS Forecast Raised by Capital One Financial

Key Points

• Capital One Financial has raised its Q3 2025 earnings per share (EPS) estimate for Patterson-UTI Energy from ($0.10) to ($0.08), indicating a minor improvement in expected performance.
• The company recently reported Q2 earnings of ($0.06) per share, which missed analyst expectations, and its revenue showed a decline of 9.6% compared to the same period last year.
• Patterson-UTI Energy has announced a quarterly dividend of $0.08, offering a yield of 5.6%, with significant institutional interest as 97.91% of the stock is owned by institutional investors.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Analysts at Capital One Financial lifted their Q3 2025 earnings per share (EPS) estimates for Patterson-UTI Energy in a research report issued on Thursday, September 4th. Capital One Financial analyst D. Becker now anticipates that the oil and gas company will post earnings of ($0.08) per share for the quarter, up from their previous estimate of ($0.10). The consensus estimate for Patterson-UTI Energy's current full-year earnings is ($0.10) per share. Capital One Financial also issued estimates for Patterson-UTI Energy's Q4 2025 earnings at ($0.14) EPS, FY2025 earnings at ($0.28) EPS, Q2 2026 earnings at ($0.14) EPS, Q3 2026 earnings at ($0.14) EPS, Q4 2026 earnings at ($0.16) EPS, FY2026 earnings at ($0.57) EPS, Q1 2027 earnings at ($0.15) EPS, Q2 2027 earnings at ($0.11) EPS and FY2027 earnings at ($0.47) EPS.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). Patterson-UTI Energy had a negative return on equity of 1.94% and a negative net margin of 21.49%.The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. During the same period in the previous year, the business earned $0.03 EPS. The business's revenue was down 9.6% compared to the same quarter last year.

Several other brokerages also recently commented on PTEN. Barclays cut their target price on Patterson-UTI Energy from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 29th. Royal Bank Of Canada cut their target price on Patterson-UTI Energy from $9.00 to $8.50 and set an "outperform" rating on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. cut their target price on Patterson-UTI Energy from $9.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Morgan Stanley dropped their price target 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. Finally, Citigroup reissued a "neutral" rating and issued a $6.50 target price on shares of Patterson-UTI Energy in a research report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $7.90.

Patterson-UTI Energy Stock Down 2.1%

Shares of Patterson-UTI Energy stock traded down $0.12 during midday trading on Monday, hitting $5.50. The company had a trading volume of 6,715,368 shares, compared to its average volume of 7,412,281. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.50 and a current ratio of 1.73. The stock has a market capitalization of $2.12 billion, a P/E ratio of -1.99 and a beta of 1.35. The company has a 50 day moving average of $5.84 and a 200 day moving average of $6.31. Patterson-UTI Energy has a 52-week low of $5.12 and a 52-week high of $9.57.

Institutional Trading of Patterson-UTI Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in shares of Patterson-UTI Energy by 23.4% in the second quarter. American Century Companies Inc. now owns 14,463,590 shares of the oil and gas company's stock worth $85,769,000 after purchasing an additional 2,746,159 shares during the last quarter. Sourcerock Group LLC increased its holdings in shares of Patterson-UTI Energy by 109.2% in the second quarter. Sourcerock Group LLC now owns 13,803,775 shares of the oil and gas company's stock worth $81,856,000 after purchasing an additional 7,205,652 shares during the last quarter. ARGA Investment Management LP increased its holdings in shares of Patterson-UTI Energy by 3.5% in the second quarter. ARGA Investment Management LP now owns 13,238,092 shares of the oil and gas company's stock worth $78,502,000 after purchasing an additional 453,519 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Patterson-UTI Energy by 1.5% in the second quarter. Bank of America Corp DE now owns 5,710,369 shares of the oil and gas company's stock worth $33,862,000 after purchasing an additional 82,817 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Patterson-UTI Energy by 4.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,747,463 shares of the oil and gas company's stock worth $39,024,000 after acquiring an additional 220,422 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

Patterson-UTI Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Patterson-UTI Energy's dividend payout ratio (DPR) is -11.59%.

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.