Equities Analysts Set Expectations for PTEN Q3 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Stock analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for Patterson-UTI Energy in a note issued to investors on Monday, June 30th. Zacks Research analyst N. Choudhury now expects that the oil and gas company will earn ($0.06) per share for the quarter, down from their previous estimate of ($0.02). 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 ($0.09) EPS, FY2025 earnings at ($0.20) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.04) EPS, Q4 2026 earnings at ($0.02) EPS, FY2026 earnings at ($0.18) EPS, Q1 2027 earnings at ($0.06) EPS, Q2 2027 earnings at $0.02 EPS and FY2027 earnings at $0.05 EPS.

Several other research analysts have also commented on PTEN. JPMorgan Chase & Co. decreased their target price on Patterson-UTI Energy from $9.00 to $7.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Morgan Stanley cut their price objective on Patterson-UTI Energy from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Friday, May 16th. Susquehanna cut their price objective on Patterson-UTI Energy from $9.00 to $8.00 and set a "positive" rating for the company in a report on Wednesday, June 4th. Stifel Nicolaus cut their target price on Patterson-UTI Energy from $13.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Citigroup reissued a "neutral" rating and issued a $6.50 price objective on shares of Patterson-UTI Energy in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $9.50.

Patterson-UTI Energy Stock Down 0.6%

PTEN stock traded down $0.04 during midday trading on Wednesday, hitting $6.31. 4,256,292 shares of the company's stock were exchanged, compared to its average volume of 10,130,795. The company has a current ratio of 1.61, a quick ratio of 1.40 and a debt-to-equity ratio of 0.36. Patterson-UTI Energy has a 12-month low of $5.12 and a 12-month high of $11.27. The firm has a 50 day moving average price of $5.97 and a 200-day moving average price of $7.20. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -2.43 and a beta of 1.32.

Patterson-UTI Energy (NASDAQ:PTEN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.00 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.04. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.18 billion. Patterson-UTI Energy had a negative return on equity of 0.70% and a negative net margin of 19.78%. The company's revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS.

Institutional Investors Weigh In On Patterson-UTI Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTEN. Fuller & Thaler Asset Management Inc. increased its holdings in Patterson-UTI Energy by 89.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 16,954,738 shares of the oil and gas company's stock valued at $140,046,000 after purchasing an additional 7,989,877 shares during the period. Norges Bank bought a new position in Patterson-UTI Energy in the 4th quarter valued at about $52,817,000. Nuveen LLC bought a new position in Patterson-UTI Energy in the 1st quarter valued at about $22,563,000. ARGA Investment Management LP lifted its position in Patterson-UTI Energy by 25.2% in the 1st 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 in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Patterson-UTI Energy by 21.6% during the 1st quarter. American Century Companies Inc. now owns 11,717,431 shares of the oil and gas company's stock worth $96,317,000 after buying an additional 2,080,960 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director James Carl Stewart sold 5,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $5.98, for a total value of $32,890.00. Following the transaction, the director owned 999,754 shares of the company's stock, valued at approximately $5,978,528.92. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.

Patterson-UTI Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Monday, June 2nd. Patterson-UTI Energy's dividend payout ratio (DPR) is presently -12.31%.

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.