What is Zacks Research's Estimate for PTEN FY2025 Earnings?

Key Points

• Zacks Research has updated its FY2025 EPS estimate for Patterson-UTI Energy (NASDAQ:PTEN), lowering it to ($0.38) per share from the previous forecast of ($0.37). They currently hold a "Hold" rating on the stock.
• Multiple research firms have reduced their target prices for PTEN, with Stifel Nicolaus lowering it from $12.00 to $10.00, and Royal Bank of Canada decreasing it from $9.00 to $8.50, while Weiss Ratings reiterated a "sell" rating.
• Patterson-UTI Energy announced a quarterly dividend of $0.08 per share, scheduled for payment on December 15th, which represents a 4.7% yield based on the current share price.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Research analysts at Zacks Research lowered their FY2025 EPS estimates for shares of Patterson-UTI Energy in a report released on Wednesday, October 22nd. Zacks Research analyst Team now expects that the oil and gas company will post earnings of ($0.38) per share for the year, down from their prior forecast of ($0.37). Zacks Research has a "Hold" rating on the stock. The consensus estimate for Patterson-UTI Energy's current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for Patterson-UTI Energy's Q3 2026 earnings at ($0.16) EPS, Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.55) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.06) EPS and FY2027 earnings at ($0.25) EPS.

Several other research firms have also issued reports on PTEN. Stifel Nicolaus reduced their target price on Patterson-UTI Energy from $12.00 to $10.00 and set a "buy" rating for the company in a report on Friday, July 25th. Royal Bank Of Canada decreased their target price on Patterson-UTI Energy from $9.00 to $8.50 and set an "outperform" rating for the company in a research report on Friday, July 25th. Weiss Ratings reiterated a "sell (d)" rating on shares of Patterson-UTI Energy in a research note on Wednesday, October 8th. Barclays restated an "equal weight" rating and set a $6.00 price target (down previously from $7.00) on shares of Patterson-UTI Energy in a research report on Monday, October 13th. Finally, Tudor Pickering lowered shares of Patterson-UTI Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 17th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $7.80.

Patterson-UTI Energy Trading Up 11.2%

NASDAQ:PTEN opened at $6.76 on Friday. Patterson-UTI Energy has a 52 week low of $5.10 and a 52 week high of $9.57. The firm has a 50-day moving average price of $5.62 and a two-hundred day moving average price of $5.84. 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 firm has a market cap of $2.60 billion, a price-to-earnings ratio of -18.78 and a beta of 1.23.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) last announced its earnings results on Tuesday, March 21st. The oil and gas company reported ($0.38) EPS for the quarter. Patterson-UTI Energy had a negative net margin of 2.81% and a negative return on equity of 2.62%. The firm had revenue of $191.70 million during the quarter.

Institutional Trading of Patterson-UTI Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Sourcerock Group LLC lifted its stake in shares of Patterson-UTI Energy by 109.2% during the 2nd quarter. Sourcerock Group LLC now owns 13,803,775 shares of the oil and gas company's stock valued at $81,856,000 after buying an additional 7,205,652 shares in the last quarter. Norges Bank bought a new stake in Patterson-UTI Energy during the 2nd quarter valued at $25,987,000. Holocene Advisors LP lifted its position in shares of Patterson-UTI Energy by 7,113.3% during the second quarter. Holocene Advisors LP now owns 3,336,066 shares of the oil and gas company's stock worth $19,783,000 after acquiring an additional 3,289,817 shares in the last quarter. American Century Companies Inc. boosted 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 acquiring an additional 2,746,159 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Patterson-UTI Energy in the first quarter valued at $22,563,000. Institutional investors own 97.91% of the company's stock.

Patterson-UTI Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 4.7%. Patterson-UTI Energy's dividend payout ratio is -11.59%.

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.

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