Brokers Offer Predictions for PTEN FY2028 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Investment analysts at Zacks Research issued their FY2028 earnings estimates for Patterson-UTI Energy in a research note issued to investors on Wednesday, February 18th. Zacks Research analyst Team forecasts that the oil and gas company will earn ($0.14) per share for the year. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is ($0.10) per share.

A number of other brokerages have also issued reports on PTEN. Weiss Ratings restated a “sell (d-)” rating on shares of Patterson-UTI Energy in a research report on Monday, December 29th. Piper Sandler increased their price target on shares of Patterson-UTI Energy from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $6.00 price objective (down from $7.00) on shares of Patterson-UTI Energy in a research report on Wednesday, December 10th. Citigroup lifted their price objective on shares of Patterson-UTI Energy from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Royal Bank Of Canada increased their target price on shares of Patterson-UTI Energy from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.00.

Patterson-UTI Energy Trading Down 1.1%

PTEN opened at $8.41 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. Patterson-UTI Energy has a 52 week low of $5.10 and a 52 week high of $8.90. The business’s 50 day moving average is $7.11 and its two-hundred day moving average is $6.24. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -33.64 and a beta of 0.76.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its earnings results on Wednesday, February 4th. The oil and gas company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Patterson-UTI Energy had a negative return on equity of 1.50% and a negative net margin of 1.94%.The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share.

Patterson-UTI Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 4.8%. This is a boost from Patterson-UTI Energy’s previous quarterly dividend of $0.08. Patterson-UTI Energy’s dividend payout ratio is presently -128.00%.

Insider Transactions at Patterson-UTI Energy

In other Patterson-UTI Energy news, Director James Carl Stewart sold 368,254 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $5.87, for a total transaction of $2,161,650.98. Following the transaction, the director owned 207,000 shares in the company, valued at approximately $1,215,090. The trade was a 64.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its position in Patterson-UTI Energy by 45.7% during the fourth quarter. Corient Private Wealth LLC now owns 48,457 shares of the oil and gas company’s stock worth $296,000 after purchasing an additional 15,205 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Patterson-UTI Energy by 223.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 59,666 shares of the oil and gas company’s stock worth $365,000 after buying an additional 41,208 shares during the last quarter. Yaupon Capital Management LP purchased a new stake in shares of Patterson-UTI Energy in the 4th quarter worth about $9,885,000. Man Group plc boosted its position in shares of Patterson-UTI Energy by 6.4% in the 4th quarter. Man Group plc now owns 1,456,100 shares of the oil and gas company’s stock worth $8,897,000 after buying an additional 87,557 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in Patterson-UTI Energy in the 4th quarter valued at about $16,372,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Patterson-UTI Energy

Here are the key news stories impacting Patterson-UTI Energy this week:

• Positive Sentiment: Zacks Research raised several near‑term and multi‑quarter EPS forecasts for PTEN, trimming projected losses across 2026–2027 (examples: FY2026 revised to ($0.40) from ($0.52); FY2027 to ($0.31) from ($0.42); multiple quarterly revisions narrowed losses). The revisions imply improving operational outlook and reduce the magnitude of expected losses. (Zacks research notes, 2/18)
• Positive Sentiment: Zacks issued a new FY2028 estimate (earnings of ($0.14)), indicating the firm now expects a smaller loss further out, which supports a gradually improving earnings trajectory versus prior forecasts. (Zacks research notes, 2/18)
• Neutral Sentiment: Brokerage consensus remains a “Hold” for PTEN, which may limit near‑term upside despite the Zacks upgrades; the brokerage note is summarized here. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Given Consensus Rating of “Hold” by Brokerages

About Patterson-UTI Energy

Patterson-UTI Energy provides a comprehensive suite of onshore contract drilling and pressure pumping services to exploration and production companies in North America. The company’s core offerings include land-based drilling rigs, directional drilling, hydraulic fracturing services, downhole tool rental and well-servicing equipment. By integrating drilling and completion capabilities, Patterson-UTI Energy offers operators a streamlined solution designed to improve operational efficiency and well performance.

Headquartered in Houston, Texas, Patterson-UTI Energy traces its origins to its founding in 1978 and was later incorporated in Delaware in 1996.