Q1 EPS Estimate for Patterson-UTI Energy Boosted by Analyst

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Equities research analysts at Zacks Research boosted their Q1 2025 EPS estimates for Patterson-UTI Energy in a report released on Wednesday, February 19th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas company will earn ($0.07) per share for the quarter, up from their previous forecast 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.

PTEN has been the topic of several other reports. Stifel Nicolaus dropped 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 research note on Monday, January 6th. Raymond James lowered shares of Patterson-UTI Energy from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. The Goldman Sachs Group upgraded shares of Patterson-UTI Energy from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $11.00 to $10.00 in a research report on Friday, December 13th. Finally, Citigroup lowered their price objective on shares of Patterson-UTI Energy from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.63.

Patterson-UTI Energy Stock Performance

Shares of Patterson-UTI Energy stock opened at $8.11 on Monday. The firm has a market capitalization of $3.13 billion, a P/E ratio of -3.28 and a beta of 2.07. Patterson-UTI Energy has a 52 week low of $7.15 and a 52 week high of $12.65. 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’s 50 day moving average is $8.49 and its two-hundred day moving average is $8.35.

Patterson-UTI Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Monday, March 3rd. Patterson-UTI Energy’s dividend payout ratio (DPR) is currently -12.96%.

Insider Buying and Selling at Patterson-UTI Energy

In other news, Director Robert Wayne Drummond, Jr. sold 230,000 shares of Patterson-UTI Energy stock in a transaction on Friday, February 14th. The stock was sold at an average price of $8.89, for a total transaction of $2,044,700.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Carl Stewart sold 80,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 32,438 shares of the company’s stock, valued at $238,743.68. The trade was a 71.15 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Patterson-UTI Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WFA Asset Management Corp purchased a new stake in Patterson-UTI Energy in the 4th quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Patterson-UTI Energy by 1,443.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,441 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 3,218 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Patterson-UTI Energy in the 4th quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Patterson-UTI Energy in the 4th quarter valued at approximately $42,000. Finally, Smartleaf Asset Management LLC raised 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 in 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.