Atb Cap Markets Issues Optimistic Outlook for PTEN Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Analysts at Atb Cap Markets boosted their Q2 2025 EPS estimates for shares of Patterson-UTI Energy in a research report issued on Thursday, February 6th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will earn $0.00 per share for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Patterson-UTI Energy’s current full-year earnings is ($0.17) per share. Atb Cap Markets also issued estimates for Patterson-UTI Energy’s Q1 2026 earnings at $0.05 EPS and FY2026 earnings at $0.32 EPS.

Several other research firms have also recently commented on PTEN. Royal Bank of Canada reduced their target price on Patterson-UTI Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Barclays cut their price objective on Patterson-UTI Energy from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Raymond James downgraded shares of Patterson-UTI Energy from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. The Goldman Sachs Group upgraded shares of Patterson-UTI Energy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $11.00 to $10.00 in a research report on Friday, December 13th. Finally, Stifel Nicolaus decreased their price target on shares of Patterson-UTI Energy from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.63.

Patterson-UTI Energy Stock Up 4.2 %

PTEN opened at $8.98 on Monday. The firm has a market capitalization of $3.50 billion, a P/E ratio of -3.64 and a beta of 2.06. Patterson-UTI Energy has a one year low of $7.15 and a one year high of $12.65. The company has a fifty day moving average price of $8.27 and a 200-day moving average price of $8.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.32.

Hedge Funds Weigh In On Patterson-UTI Energy

Several hedge funds and other institutional investors have recently modified their holdings of PTEN. WFA Asset Management Corp purchased a new position in Patterson-UTI Energy during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC grew its position in shares of Patterson-UTI Energy by 43.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,660 shares of the oil and gas company’s stock worth $46,000 after buying an additional 1,717 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Patterson-UTI Energy by 31.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,678 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 1,358 shares during the period. Covestor Ltd raised its holdings in shares of Patterson-UTI Energy by 92.4% during the third quarter. Covestor Ltd now owns 6,885 shares of the oil and gas company’s stock valued at $53,000 after acquiring an additional 3,307 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings 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 valued at $73,000 after acquiring an additional 1,901 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Patterson-UTI Energy news, Director James Carl Stewart sold 80,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $7.36, for a total transaction of $588,800.00. Following the completion of the sale, the director now owns 32,438 shares of the company’s stock, valued at $238,743.68. This represents a 71.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

Patterson-UTI Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Monday, March 3rd. Patterson-UTI Energy’s dividend payout ratio is presently -12.96%.

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.