Zacks Research Issues Negative Outlook for PTEN 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) - Analysts at Zacks Research cut their Q3 2025 earnings per share (EPS) estimates for Patterson-UTI Energy in a note issued to investors on Wednesday, August 6th. Zacks Research analyst N. Choudhury now expects that the oil and gas company will post earnings per share of ($0.09) for the quarter, down from their prior forecast 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.

PTEN has been the subject of several other research reports. Susquehanna dropped 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. Morgan Stanley decreased their price target 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. 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. Royal Bank Of Canada reduced their price objective on shares of Patterson-UTI Energy from $9.00 to $8.50 and set an "outperform" rating for the company in a research note on Friday, July 25th. Finally, Piper Sandler initiated coverage on Patterson-UTI Energy in a research report on Tuesday, July 15th. They set a "neutral" rating and a $7.00 price target on the stock. 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 company's stock. According to data from MarketBeat, Patterson-UTI Energy presently has an average rating of "Hold" and an average price target of $8.27.

Patterson-UTI Energy Trading Down 1.4%

PTEN traded down $0.08 on Monday, hitting $5.50. The company had a trading volume of 3,520,470 shares, compared to its average volume of 11,505,286. The company has a market cap of $2.12 billion, a PE ratio of -1.98 and a beta of 1.30. Patterson-UTI Energy has a 12-month low of $5.12 and a 12-month high of $9.66. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 0.37. The business's fifty day simple moving average is $6.04 and its 200 day simple moving average is $6.72.

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) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.24 billion. Patterson-UTI Energy had a negative net margin of 21.49% and a negative return on equity of 1.94%. The company's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS.

Institutional Trading of Patterson-UTI Energy

Several hedge funds have recently made changes to their positions in PTEN. Point72 Asia Singapore Pte. Ltd. purchased a new position in Patterson-UTI Energy in the 4th quarter valued at approximately $42,000. State of Wyoming acquired a new stake in Patterson-UTI Energy during the 1st quarter worth $54,000. Blue Trust Inc. increased its stake in Patterson-UTI Energy by 42.9% in the first quarter. Blue Trust Inc. now owns 7,167 shares of the oil and gas company's stock valued at $59,000 after purchasing an additional 2,153 shares during the period. Smartleaf Asset Management LLC increased its stake in Patterson-UTI Energy by 41.0% in the first quarter. Smartleaf Asset Management LLC now owns 7,983 shares of the oil and gas company's stock valued at $65,000 after purchasing an additional 2,323 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Patterson-UTI Energy by 494.6% in the second quarter. EverSource Wealth Advisors LLC now owns 8,621 shares of the oil and gas company's stock valued at $51,000 after acquiring an additional 7,171 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

Patterson-UTI Energy Announces Dividend

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