Zacks Research Issues Positive Estimate for PTEN Earnings

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

Other analysts have also recently issued reports about the stock. Stifel Nicolaus decreased 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. The Goldman Sachs Group raised shares of Patterson-UTI Energy from a "neutral" rating to a "buy" rating and decreased their price target for the company from $11.00 to $10.00 in a research note on Friday, December 13th. Citigroup decreased their price target on shares of Patterson-UTI Energy from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, Raymond James cut shares of Patterson-UTI Energy from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.63.

Patterson-UTI Energy Price Performance

Shares of PTEN traded up $0.21 during mid-day trading on Monday, hitting $8.11. 13,553,033 shares of the company traded hands, compared to its average volume of 7,505,843. Patterson-UTI Energy has a one year low of $7.15 and a one year high of $12.65. The company has a current ratio of 1.54, a quick ratio of 1.34 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $8.50 and a 200 day moving average of $8.34. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of -3.28 and a beta of 2.07.

Patterson-UTI Energy Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 3.95%. Patterson-UTI Energy's dividend payout ratio (DPR) is presently -12.96%.

Insiders Place Their Bets

In related news, Director James Carl Stewart sold 80,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $7.36, for a total transaction of $588,800.00. Following the sale, the director now directly owns 32,438 shares in the company, valued at $238,743.68. This trade represents a 71.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Wayne Drummond, Jr. sold 230,000 shares of the firm's stock in a transaction on Friday, February 14th. The shares were 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 directly owns 1,549,081 shares of the company's stock, valued at approximately $13,771,330.09. This trade represents a 12.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning boosted its holdings in shares of Patterson-UTI Energy by 101.4% during the 3rd quarter. Creative Planning now owns 130,205 shares of the oil and gas company's stock worth $996,000 after buying an additional 65,570 shares during the period. Blue Trust Inc. grew its holdings in shares of Patterson-UTI Energy by 25.0% during the 3rd quarter. Blue Trust Inc. now owns 9,498 shares of the oil and gas company's stock valued at $73,000 after purchasing an additional 1,901 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Patterson-UTI Energy by 10.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 19,548 shares of the oil and gas company's stock valued at $150,000 after purchasing an additional 1,879 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Patterson-UTI Energy by 64.5% during the 3rd quarter. Signaturefd LLC now owns 18,963 shares of the oil and gas company's stock valued at $145,000 after purchasing an additional 7,432 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of Patterson-UTI Energy by 65.4% during the 3rd quarter. Greenleaf Trust now owns 17,435 shares of the oil and gas company's stock valued at $133,000 after purchasing an additional 6,893 shares during the last quarter. 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.