Atb Cap Markets Has Bearish Estimate for PTEN Q3 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN - Free Report) - Analysts at Atb Cap Markets lowered their Q3 2025 earnings per share (EPS) estimates for Patterson-UTI Energy in a research report issued to clients and investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings per share of $0.03 for the quarter, down 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 FY2027 earnings at $0.58 EPS.

A number of other equities analysts also recently commented on PTEN. Morgan Stanley decreased their price target on Patterson-UTI Energy from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. ATB Capital decreased their price target on Patterson-UTI Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Wednesday, September 4th. Barclays decreased their price target on Patterson-UTI Energy from $14.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. StockNews.com downgraded Patterson-UTI Energy from a "hold" rating to a "sell" rating in a research note on Saturday, October 12th. Finally, Royal Bank of Canada decreased their price target on Patterson-UTI Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Patterson-UTI Energy has a consensus rating of "Moderate Buy" and a consensus price target of $11.88.

Patterson-UTI Energy Stock Down 1.8 %

Shares of NASDAQ PTEN traded down $0.14 during midday trading on Thursday, reaching $7.67. 6,169,033 shares of the company's stock were exchanged, compared to its average volume of 7,225,452. Patterson-UTI Energy has a 52-week low of $7.38 and a 52-week high of $12.65. The stock has a market capitalization of $2.99 billion, a PE ratio of -3.46 and a beta of 2.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.52. The business's fifty day moving average price is $8.12 and its two-hundred day moving average price is $9.01.

Hedge Funds Weigh In On Patterson-UTI Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. grew its holdings in Patterson-UTI Energy by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,261,662 shares of the oil and gas company's stock worth $33,791,000 after buying an additional 197,555 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in Patterson-UTI Energy by 30.8% in the 2nd quarter. Stanley Laman Group Ltd. now owns 298,544 shares of the oil and gas company's stock worth $3,093,000 after buying an additional 70,229 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Patterson-UTI Energy in the 2nd quarter worth approximately $495,000. Grace & White Inc. NY grew its holdings in Patterson-UTI Energy by 668.6% in the 3rd quarter. Grace & White Inc. NY now owns 279,768 shares of the oil and gas company's stock worth $2,140,000 after buying an additional 243,368 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Patterson-UTI Energy by 2,744.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,645,931 shares of the oil and gas company's stock worth $17,052,000 after buying an additional 1,588,067 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

Patterson-UTI Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Monday, December 2nd. Patterson-UTI Energy's dividend payout ratio (DPR) is -14.61%.

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.