Patterson-UTI Energy (PTEN) Set to Announce Earnings on Wednesday

Key Points

• Patterson-UTI Energy is expected to report Q3 2026 results after Wednesday’s market close, with analysts forecasting earnings of $0.0379 per share and revenue of $1.31 billion. The earnings call is scheduled for October 29 at 10:00 a.m. ET.
• PTEN shares opened at $11.63, compared with a one-year range of $5.24 to $13.39. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $13.14.
• The company pays a quarterly dividend of $0.10 per share, representing a 3.4% yield, while insiders have sold roughly 1.03 million shares worth $12.7 million over the past three months.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) is anticipated to issue its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.0379 per share and revenue of $1.31 billion for the quarter. Individuals are encouraged to explore the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 29, 2026 at 10:00 AM ET.

Patterson-UTI Energy Price Performance

Patterson-UTI Energy stock opened at $11.63 on Wednesday. Patterson-UTI Energy has a one year low of $5.24 and a one year high of $13.39. The business has a fifty day moving average price of $11.81 and a 200-day moving average price of $11.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.75 and a quick ratio of 1.57. The firm has a market capitalization of $4.44 billion, a P/E ratio of -50.57 and a beta of 0.77.

Patterson-UTI Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, September 1st. Patterson-UTI Energy's payout ratio is presently -173.91%.

Insider Activity

In related news, CEO William Hendricks, Jr. sold 250,000 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $11.91, for a total value of $2,977,500.00. Following the sale, the chief executive officer owned 2,042,474 shares in the company, valued at approximately $24,325,865.34. This trade represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Drummond Jr. sold 198,395 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $12.85, for a total value of $2,549,375.75. Following the completion of the sale, the director owned 928,773 shares in the company, valued at $11,934,733.05. This trade represents a 17.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,027,000 shares of company stock worth $12,698,780. Company insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PTEN shares. Citigroup dropped their price objective on Patterson-UTI Energy from $13.50 to $12.50 and set a "neutral" rating on the stock in a report on Friday, October 2nd. JPMorgan Chase & Co. raised Patterson-UTI Energy from an "underweight" rating to a "neutral" rating and set a $12.00 target price for the company in a report on Friday, July 31st. Piper Sandler reaffirmed an "overweight" rating on shares of Patterson-UTI Energy in a report on Friday, August 21st. Susquehanna upped their price target on Patterson-UTI Energy from $12.00 to $13.00 and gave the company a "positive" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Patterson-UTI Energy from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Patterson-UTI Energy currently has a consensus rating of "Moderate Buy" and an average target price of $13.14.

About Patterson-UTI Energy

Patterson-UTI Energy, Inc is an oilfield services company that provides drilling, completion and production-related services to oil and natural gas exploration and production companies. Its operations are primarily focused on onshore oil and gas development in the United States.

The company provides contract land drilling services through a fleet of rigs, as well as directional drilling and related technologies used to guide wellbores. Patterson-UTI also offers pressure pumping and hydraulic fracturing, wireline, well-completion, equipment rental and other services that support the development and maintenance of unconventional wells.

Patterson-UTI expanded its completion-services business through its 2023 merger with NexTier Oilfield Solutions.

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