Equities Analysts Offer Predictions for PTEN FY2025 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Investment analysts at Atb Cap Markets raised their FY2025 EPS estimates for Patterson-UTI Energy in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will post earnings of ($0.02) per share for the year, up from their previous forecast of ($0.04). 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 Q4 2025 earnings at $0.01 EPS, Q1 2026 earnings at $0.04 EPS, Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.31 EPS.

Other equities analysts have also issued research reports about the company. Citigroup lowered their price objective on Patterson-UTI Energy from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada lowered their price objective on Patterson-UTI Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. StockNews.com lowered Patterson-UTI Energy from a "hold" rating to a "sell" rating in a research report on Saturday, October 12th. Stifel Nicolaus lowered their price objective on Patterson-UTI Energy from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Finally, ATB Capital lowered their price objective on Patterson-UTI Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.71.

Patterson-UTI Energy Trading Up 1.7 %

NASDAQ:PTEN traded up $0.13 during trading hours on Friday, hitting $7.75. The company had a trading volume of 3,799,342 shares, compared to its average volume of 7,217,068. The company has a market capitalization of $3.02 billion, a PE ratio of -3.48 and a beta of 2.12. The stock has a 50-day moving average price of $8.11 and a 200 day moving average price of $9.00. Patterson-UTI Energy has a 52 week low of $7.38 and a 52 week high of $12.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.52 and a quick ratio of 1.32.

Institutional Investors Weigh In On Patterson-UTI Energy

Several hedge funds and other institutional investors have recently made changes to their positions in PTEN. Pacer Advisors Inc. purchased a new stake in shares of Patterson-UTI Energy during the 2nd quarter valued at about $152,265,000. Ninepoint Partners LP purchased a new stake in Patterson-UTI Energy in the 2nd quarter worth approximately $51,800,000. American Century Companies Inc. boosted its stake in Patterson-UTI Energy by 62.8% in the 2nd quarter. American Century Companies Inc. now owns 5,683,096 shares of the oil and gas company's stock worth $58,877,000 after purchasing an additional 2,191,330 shares during the period. ARGA Investment Management LP boosted its stake in Patterson-UTI Energy by 1,066.6% in the 3rd quarter. ARGA Investment Management LP now owns 1,960,723 shares of the oil and gas company's stock worth $15,000,000 after purchasing an additional 1,792,655 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Patterson-UTI Energy by 2,744.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,645,931 shares of the oil and gas company's stock valued at $17,052,000 after acquiring an additional 1,588,067 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

Patterson-UTI Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Monday, December 2nd. Patterson-UTI Energy's payout ratio is currently -14.61%.

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.