Zacks Research Issues Optimistic Forecast for PTEN Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Research analysts at Zacks Research raised their Q1 2025 EPS estimates for shares of Patterson-UTI Energy in a research report issued to clients and investors on Wednesday, February 19th. Zacks Research analyst N. Choudhury now expects that the oil and gas company will earn ($0.07) per share for the quarter, up from their previous estimate of ($0.09). 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 ($0.04) EPS, FY2025 earnings at ($0.19) EPS, Q1 2026 earnings at ($0.04) EPS and FY2026 earnings at $0.11 EPS.

A number of other equities analysts also recently commented on PTEN. Citigroup dropped their target price on shares of Patterson-UTI Energy from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus dropped their target price on shares of Patterson-UTI Energy from $14.00 to $13.00 and set a “buy” rating on the stock 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 stock from $11.00 to $10.00 in a research note on Friday, December 13th. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Patterson-UTI Energy has a consensus rating of “Moderate Buy” and an average price target of $11.63.

Patterson-UTI Energy Stock Performance

Shares of NASDAQ:PTEN opened at $8.34 on Monday. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -3.38 and a beta of 2.07. Patterson-UTI Energy has a 12 month low of $7.15 and a 12 month high of $12.65. The firm’s 50-day moving average is $8.46 and its 200 day moving average is $8.36. The company has a current ratio of 1.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35.

Patterson-UTI Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.84%. Patterson-UTI Energy’s dividend payout ratio is presently -12.96%.

Insider Activity

In related news, Director James Carl Stewart sold 80,000 shares of the stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Wayne Drummond, Jr. sold 230,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $8.89, for a total transaction of $2,044,700.00. Following the sale, the director now directly owns 1,549,081 shares of the company’s stock, valued at $13,771,330.09. The trade was a 12.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Patterson-UTI Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. WFA Asset Management Corp purchased a new stake in Patterson-UTI Energy during the fourth quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Patterson-UTI Energy by 1,443.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,441 shares of the oil and gas company’s stock worth $29,000 after buying an additional 3,218 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Patterson-UTI Energy in the fourth quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Patterson-UTI Energy in the fourth quarter worth $42,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Patterson-UTI Energy by 43.5% in the fourth 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. Hedge funds and other institutional investors 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.