Equities Analysts Issue Forecasts for PTEN Q3 Earnings

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) - Capital One Financial boosted their Q3 2025 earnings estimates for shares of Patterson-UTI Energy in a research report issued to clients and investors on Thursday, September 4th. Capital One Financial analyst D. Becker now forecasts that the oil and gas company will post earnings per share of ($0.08) for the quarter, up from their previous forecast 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 issued its quarterly earnings data 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). The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. Patterson-UTI Energy had a negative return on equity of 1.94% and a negative net margin of 21.49%.The business's quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share.

Other equities research analysts have also issued research reports about the stock. Susquehanna reduced their price target on shares of Patterson-UTI Energy from $8.00 to $7.00 and set a "positive" rating for the company in a report on Wednesday, September 3rd. Morgan Stanley reduced their price objective on shares of Patterson-UTI Energy from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Friday, May 16th. Barclays reduced their price objective on shares of Patterson-UTI Energy from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Stifel Nicolaus reduced their price objective on shares of Patterson-UTI Energy from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Finally, Piper Sandler assumed coverage on shares of Patterson-UTI Energy in a research note on Tuesday, July 15th. They set a "neutral" rating and a $7.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Patterson-UTI Energy has an average rating of "Hold" and an average price target of $7.90.

Patterson-UTI Energy Trading Down 0.4%

Patterson-UTI Energy stock traded down $0.02 during trading hours on Monday, hitting $5.54. The company had a trading volume of 7,745,048 shares, compared to its average volume of 7,674,539. The firm has a market cap of $2.13 billion, a P/E ratio of -2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.50 and a current ratio of 1.73. Patterson-UTI Energy has a 1 year low of $5.12 and a 1 year high of $9.57. The company has a 50-day moving average price of $5.79 and a two-hundred day moving average price of $6.27.

Patterson-UTI Energy Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its holdings in shares of Patterson-UTI Energy by 64.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 17,349 shares of the oil and gas company's stock valued at $103,000 after acquiring an additional 6,770 shares during the period. State of Wyoming grew its holdings in shares of Patterson-UTI Energy by 87.9% during the second quarter. State of Wyoming now owns 12,381 shares of the oil and gas company's stock worth $73,000 after buying an additional 5,791 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Patterson-UTI Energy during the 2nd quarter worth about $62,000. Public Sector Pension Investment Board lifted its holdings in shares of Patterson-UTI Energy by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,197,397 shares of the oil and gas company's stock worth $7,101,000 after acquiring an additional 82,302 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Patterson-UTI Energy by 13.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 579,401 shares of the oil and gas company's stock valued at $3,440,000 after buying an additional 70,904 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.

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.