Q3 EPS Forecast for Patterson-UTI Energy Reduced by Analyst

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Research analysts at Atb Cap Markets decreased their Q3 2025 earnings per share (EPS) estimates for shares of Patterson-UTI Energy in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is $0.10 per share. Atb Cap Markets also issued estimates for Patterson-UTI Energy’s FY2027 earnings at $0.58 EPS.

Other equities research analysts have also recently issued research reports about the stock. Susquehanna reduced their target price on shares of Patterson-UTI Energy from $13.00 to $10.00 and set a “positive” rating for the company in a research note on Friday, October 11th. StockNews.com downgraded shares of Patterson-UTI Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Citigroup dropped their price objective on shares of Patterson-UTI Energy from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Barclays lowered their target price on shares of Patterson-UTI Energy from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus cut their price target on shares of Patterson-UTI Energy from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Patterson-UTI Energy has an average rating of “Moderate Buy” and an average price target of $11.88.

Patterson-UTI Energy Price Performance

NASDAQ PTEN opened at $7.62 on Thursday. Patterson-UTI Energy has a 1 year low of $7.38 and a 1 year high of $12.65. The company has a fifty day simple moving average of $8.11 and a 200 day simple moving average of $9.00. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.97 billion, a P/E ratio of -3.48 and a beta of 2.12.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc grew its holdings in Patterson-UTI Energy by 7.2% during the third quarter. CIBC Asset Management Inc now owns 22,336 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 1,501 shares during the period. KBC Group NV lifted its holdings in shares of Patterson-UTI Energy by 18.5% during the 3rd quarter. KBC Group NV now owns 11,044 shares of the oil and gas company’s stock valued at $84,000 after purchasing an additional 1,723 shares in the last quarter. Sage Rhino Capital LLC increased its stake in Patterson-UTI Energy by 15.8% during the 2nd quarter. Sage Rhino Capital LLC now owns 12,623 shares of the oil and gas company’s stock worth $131,000 after purchasing an additional 1,724 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Patterson-UTI Energy by 10.6% in the third quarter. Sequoia Financial Advisors LLC now owns 19,548 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 1,879 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Patterson-UTI Energy by 25.0% during the third quarter. Blue Trust Inc. now owns 9,498 shares of the oil and gas company’s stock worth $73,000 after acquiring an additional 1,901 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Patterson-UTI Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.32 annualized dividend and a yield of 4.20%. Patterson-UTI Energy’s dividend payout ratio is currently -14.61%.

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.