Atb Cap Markets Issues Optimistic Forecast for PTEN Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Atb Cap Markets raised their Q2 2025 EPS estimates for shares of Patterson-UTI Energy in a research report issued on Thursday, February 6th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings of $0.00 per share for the quarter, up from their previous estimate of ($0.01). The consensus estimate for Patterson-UTI Energy's current full-year earnings is ($0.17) per share. Atb Cap Markets also issued estimates for Patterson-UTI Energy's Q1 2026 earnings at $0.05 EPS and FY2026 earnings at $0.32 EPS.

Several other brokerages have also issued reports on PTEN. The Goldman Sachs Group raised Patterson-UTI Energy from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $11.00 to $10.00 in a report on Friday, December 13th. Barclays dropped their price target on Patterson-UTI Energy from $14.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Raymond James cut Patterson-UTI Energy from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of Patterson-UTI Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Citigroup cut 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 report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Patterson-UTI Energy currently has an average rating of "Moderate Buy" and a consensus price target of $11.63.

Patterson-UTI Energy Stock Up 4.0 %

NASDAQ:PTEN traded up $0.35 during midday trading on Monday, hitting $9.08. 9,315,177 shares of the company were exchanged, compared to its average volume of 9,404,675. Patterson-UTI Energy has a fifty-two week low of $7.15 and a fifty-two week high of $12.65. The company has a market capitalization of $3.54 billion, a PE ratio of -3.68 and a beta of 2.06. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $8.32 and a 200 day simple moving average of $8.41.

Patterson-UTI Energy Dividend Announcement

The firm also recently disclosed 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 3.52%. The ex-dividend date of this dividend is Monday, March 3rd. Patterson-UTI Energy's dividend payout ratio is presently -12.96%.

Insider Transactions at Patterson-UTI Energy

In related news, Director James Carl Stewart sold 80,000 shares of Patterson-UTI Energy stock in a transaction on Wednesday, December 18th. The stock was 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 approximately $238,743.68. The trade was a 71.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company's stock.

Institutional Trading of Patterson-UTI Energy

Several institutional investors and hedge funds have recently modified their holdings of PTEN. Creative Planning lifted its holdings in Patterson-UTI Energy by 32.1% in the 2nd quarter. Creative Planning now owns 64,635 shares of the oil and gas company's stock valued at $670,000 after purchasing an additional 15,696 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Patterson-UTI Energy in the second quarter valued at $486,000. Viking Fund Management LLC lifted its position in Patterson-UTI Energy by 10.0% during the third quarter. Viking Fund Management LLC now owns 110,000 shares of the oil and gas company's stock worth $842,000 after buying an additional 10,000 shares during the period. nVerses Capital LLC acquired a new position in shares of Patterson-UTI Energy during the 3rd quarter valued at about $75,000. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Patterson-UTI Energy in the third quarter worth approximately $272,000. Hedge funds and other institutional investors own 97.91% of the company's stock.

Patterson-UTI Energy Company Profile

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.