Patterson-UTI Energy, Inc. Expected to Post Q1 2026 Earnings of $0.21 Per Share (NASDAQ:PTEN)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Investment analysts at Atb Cap Markets dropped their Q1 2026 EPS estimates for Patterson-UTI Energy in a report released on Thursday, June 27th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will earn $0.21 per share for the quarter, down from their prior estimate of $0.32. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is $0.55 per share.

Patterson-UTI Energy (NASDAQ:PTEN) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Patterson-UTI Energy had a net margin of 4.07% and a return on equity of 7.13%. During the same quarter in the prior year, the firm earned $0.46 earnings per share.

Several other equities research analysts also recently weighed in on PTEN. Bank of America reduced their target price on shares of Patterson-UTI Energy from $14.50 to $14.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Piper Sandler cut their price target on shares of Patterson-UTI Energy from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. StockNews.com cut shares of Patterson-UTI Energy from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Susquehanna reiterated a “positive” rating and set a $16.00 target price on shares of Patterson-UTI Energy in a report on Monday, April 8th. Finally, Benchmark reiterated a “hold” rating on shares of Patterson-UTI Energy in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Patterson-UTI Energy presently has an average rating of “Moderate Buy” and a consensus price target of $15.82.

Patterson-UTI Energy Price Performance

Patterson-UTI Energy stock opened at $10.36 on Monday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 15.24 and a beta of 2.18. The firm’s fifty day moving average is $10.68 and its 200 day moving average is $11.03. The company has a quick ratio of 1.28, a current ratio of 1.48 and a debt-to-equity ratio of 0.26. Patterson-UTI Energy has a 52-week low of $9.68 and a 52-week high of $16.17.

Patterson-UTI Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.09%. Patterson-UTI Energy’s dividend payout ratio (DPR) is presently 47.06%.

Insider Transactions at Patterson-UTI Energy

In related news, Director Robert Wayne Drummond, Jr. sold 150,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $11.55, for a total transaction of $1,732,500.00. Following the completion of the sale, the director now directly owns 2,007,895 shares of the company’s stock, valued at $23,191,187.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PTEN. Boston Partners grew its holdings in Patterson-UTI Energy by 8.4% in the 1st quarter. Boston Partners now owns 1,915,224 shares of the oil and gas company’s stock valued at $22,679,000 after buying an additional 148,521 shares during the period. Verity Asset Management Inc. grew its holdings in Patterson-UTI Energy by 44.2% in the 1st quarter. Verity Asset Management Inc. now owns 54,367 shares of the oil and gas company’s stock valued at $649,000 after buying an additional 16,665 shares during the period. EMC Capital Management purchased a new stake in Patterson-UTI Energy in the 1st quarter valued at about $262,000. Webs Creek Capital Management LP bought a new position in Patterson-UTI Energy during the 1st quarter worth $24,116,000. Finally, KLCM Advisors Inc. bought a new position in Patterson-UTI Energy during the 1st quarter worth $9,609,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.