Research Analysts Offer Predictions for PTEN Q2 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Stock analysts at Atb Cap Markets reduced their Q2 2025 EPS estimates for shares of Patterson-UTI Energy in a research report issued on Wednesday, June 4th. 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 ($0.02). 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 ($0.05) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.17) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.22) EPS, Q1 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.03) EPS.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Patterson-UTI Energy from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. The Goldman Sachs Group reduced their target price on shares of Patterson-UTI Energy from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Citigroup reaffirmed a “neutral” rating and issued a $6.50 target price on shares of Patterson-UTI Energy in a research note on Monday, May 19th. Morgan Stanley reduced their target price on shares of Patterson-UTI Energy from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, May 16th. Finally, Barclays reduced their target price on shares of Patterson-UTI Energy from $11.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.50.

Patterson-UTI Energy Price Performance

Shares of PTEN stock opened at $5.93 on Monday. Patterson-UTI Energy has a 12-month low of $5.12 and a 12-month high of $11.27. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -2.40 and a beta of 1.31. The company has a quick ratio of 1.34, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $5.87 and a 200-day moving average of $7.43.

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

Patterson-UTI Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.40%. Patterson-UTI Energy’s dividend payout ratio is -12.31%.

Insider Transactions at Patterson-UTI Energy

In related news, Director James Carl Stewart sold 5,500 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $5.98, for a total value of $32,890.00. Following the completion of the sale, the director now directly owns 999,754 shares in the company, valued at approximately $5,978,528.92. This trade represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Andrew Hendricks, Jr. bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $7.88 per share, with a total value of $197,000.00. Following the completion of the purchase, the chief executive officer now directly owns 2,482,592 shares in the company, valued at $19,562,824.96. The trade was a 1.02% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. raised its holdings in Patterson-UTI Energy by 89.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 16,954,738 shares of the oil and gas company’s stock valued at $140,046,000 after acquiring an additional 7,989,877 shares during the period. ARGA Investment Management LP raised its holdings in Patterson-UTI Energy by 25.2% in the 1st quarter. ARGA Investment Management LP now owns 12,784,573 shares of the oil and gas company’s stock valued at $105,089,000 after acquiring an additional 2,569,713 shares during the period. American Century Companies Inc. raised its holdings in Patterson-UTI Energy by 21.6% in the 1st quarter. American Century Companies Inc. now owns 11,717,431 shares of the oil and gas company’s stock valued at $96,317,000 after acquiring an additional 2,080,960 shares during the period. Van ECK Associates Corp raised its holdings in Patterson-UTI Energy by 31.2% in the 4th quarter. Van ECK Associates Corp now owns 7,321,667 shares of the oil and gas company’s stock valued at $60,477,000 after acquiring an additional 1,743,241 shares during the period. Finally, Norges Bank bought a new position in Patterson-UTI Energy in the 4th quarter valued at about $52,817,000. 97.91% of the stock is owned by institutional investors.

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.