What is Atb Cap Markets’ Estimate for PTEN Q2 Earnings?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Analysts at Atb Cap Markets issued their Q2 2025 earnings per share estimates for shares of Patterson-UTI Energy in a note issued to investors on Monday, April 28th. Atb Cap Markets analyst W. Syed anticipates that the oil and gas company will post earnings per share of ($0.02) for the quarter. 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 Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.10) EPS, Q1 2026 earnings at ($0.02) EPS, FY2026 earnings at $0.03 EPS and FY2027 earnings at $0.20 EPS.

PTEN has been the subject of several other research reports. Raymond James lowered shares of Patterson-UTI Energy from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Susquehanna lowered their price objective on Patterson-UTI Energy from $10.00 to $9.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Morgan Stanley reduced their target price on Patterson-UTI Energy from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Barclays dropped their price target on Patterson-UTI Energy from $11.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, The Goldman Sachs Group lowered their target price on shares of Patterson-UTI Energy from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Patterson-UTI Energy presently has a consensus rating of “Moderate Buy” and an average target price of $10.88.

Patterson-UTI Energy Stock Up 2.9 %

Shares of PTEN opened at $6.03 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.33 billion, a P/E ratio of -2.44 and a beta of 1.33. The stock’s 50 day moving average is $7.01 and its two-hundred day moving average is $7.84. Patterson-UTI Energy has a 12 month low of $5.12 and a 12 month high of $11.70.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.04. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Patterson-UTI Energy had a negative net margin of 18.00% and a positive return on equity of 0.81%. The business’s revenue was down 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WFA Asset Management Corp acquired a new position in shares of Patterson-UTI Energy in the fourth quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Patterson-UTI Energy by 1,443.0% during 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Patterson-UTI Energy during the fourth quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Patterson-UTI Energy in the fourth quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC increased 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 valued at $46,000 after purchasing an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insider Transactions at Patterson-UTI Energy

In other news, CEO William Andrew Hendricks, Jr. purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $7.88 per share, for a total transaction of $197,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,482,592 shares of the company’s stock, valued at approximately $19,562,824.96. This trade represents a 1.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Wayne Drummond, Jr. sold 230,000 shares of Patterson-UTI Energy stock in a transaction on Friday, February 14th. The shares were sold at an average price of $8.89, for a total value of $2,044,700.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Patterson-UTI Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend is Monday, June 2nd. Patterson-UTI Energy’s dividend payout ratio (DPR) is presently -12.31%.

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.