Research Analysts Offer Predictions for PTEN Q3 Earnings

Key Points

• Zacks Research has lowered its earnings estimates for Patterson-UTI Energy, projecting a loss of ($0.09) per share for Q3 2025, down from a previous estimate of ($0.06).
• The company recently reported a wider-than-expected loss of ($0.06) per share for Q2, missing the consensus estimate of ($0.04), with a revenue of $1.22 billion, which was also below expectations.
• Patterson-UTI Energy announced a quarterly dividend of $0.08 per share, reflecting a dividend yield of 5.9% with a negative payout ratio of -11.59%.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Research analysts at Zacks Research lowered their Q3 2025 earnings estimates for shares of Patterson-UTI Energy in a report released on Wednesday, August 6th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will post earnings of ($0.09) per share for the quarter, down from their prior estimate of ($0.06). 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 Q4 2025 earnings at ($0.16) EPS, FY2025 earnings at ($0.31) EPS, Q1 2026 earnings at ($0.14) EPS, Q2 2026 earnings at ($0.13) EPS, Q3 2026 earnings at ($0.13) EPS, Q4 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.48) EPS, Q2 2027 earnings at ($0.02) EPS and FY2027 earnings at ($0.10) EPS.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm posted $0.03 earnings per share. The company's revenue for the quarter was down 9.6% compared to the same quarter last year.

A number of other analysts have also recently weighed in on PTEN. Piper Sandler initiated coverage on shares of Patterson-UTI Energy in a report on Tuesday, July 15th. They set a "neutral" rating and a $7.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Patterson-UTI Energy from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Royal Bank Of Canada decreased their price objective on Patterson-UTI Energy from $9.00 to $8.50 and set an "outperform" rating for the company in a report on Friday, July 25th. Susquehanna decreased their price target on Patterson-UTI Energy from $9.00 to $8.00 and set a "positive" rating for the company in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus cut 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 report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Patterson-UTI Energy currently has an average rating of "Hold" and an average price target of $8.27.

Patterson-UTI Energy Price Performance

NASDAQ PTEN traded up $0.19 on Monday, hitting $5.60. The company had a trading volume of 6,550,305 shares, compared to its average volume of 11,579,548. Patterson-UTI Energy has a 12-month low of $5.12 and a 12-month high of $9.66. The company has a market capitalization of $2.16 billion, a PE ratio of -2.03 and a beta of 1.30. The company's fifty day moving average price is $6.04 and its 200-day moving average price is $6.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.73 and a quick ratio of 1.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. increased its stake in Patterson-UTI Energy by 89.1% in 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. American Century Companies Inc. increased its position in Patterson-UTI Energy by 23.4% in the 2nd quarter. American Century Companies Inc. now owns 14,463,590 shares of the oil and gas company's stock worth $85,769,000 after buying an additional 2,746,159 shares during the period. Nuveen LLC bought a new position in shares of Patterson-UTI Energy during the 1st quarter worth about $22,563,000. Monaco Asset Management SAM increased its position in shares of Patterson-UTI Energy by 694.8% during the second quarter. Monaco Asset Management SAM now owns 3,060,000 shares of the oil and gas company's stock valued at $18,146,000 after purchasing an additional 2,675,000 shares during the period. Finally, ARGA Investment Management LP grew its position in Patterson-UTI Energy by 25.2% in the first 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. Institutional investors own 97.91% of the company's stock.

Patterson-UTI Energy Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Tuesday, September 2nd. Patterson-UTI Energy's dividend payout ratio is presently -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.