FY2025 Earnings Estimate for PTEN Issued By Zacks Research

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Investment analysts at Zacks Research upped their FY2025 EPS estimates for Patterson-UTI Energy in a research note issued on Wednesday, November 5th. Zacks Research analyst Team now forecasts that the oil and gas company will post earnings per share of ($0.27) for the year, up from their prior forecast of ($0.38). Zacks Research has a “Hold” rating on the stock. 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 ($0.15) EPS, Q1 2026 earnings at ($0.14) EPS, Q3 2026 earnings at ($0.14) EPS, Q4 2026 earnings at ($0.13) EPS, Q1 2027 earnings at ($0.17) EPS, Q2 2027 earnings at ($0.10) EPS, Q3 2027 earnings at ($0.11) EPS and FY2027 earnings at ($0.45) EPS.

PTEN has been the subject of several other reports. Tudor Pickering downgraded shares of Patterson-UTI Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 17th. Barclays reaffirmed an “equal weight” rating and issued a $6.00 target price (down from $7.00) on shares of Patterson-UTI Energy in a research report on Monday, October 13th. Susquehanna dropped their price target on Patterson-UTI Energy from $8.00 to $7.00 and set a “positive” rating on the stock in a research note on Wednesday, September 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Patterson-UTI Energy in a report on Wednesday, October 8th. Finally, Stifel Nicolaus cut their target price on Patterson-UTI Energy from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.39.

Patterson-UTI Energy Price Performance

Patterson-UTI Energy stock opened at $6.15 on Monday. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -17.08 and a beta of 1.22. Patterson-UTI Energy has a 52-week low of $5.10 and a 52-week high of $9.57. The stock’s 50 day moving average price is $5.78 and its two-hundred day moving average price is $5.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.44 and a current ratio of 1.64.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its quarterly earnings results on Tuesday, March 21st. The oil and gas company reported ($0.38) earnings per share for the quarter. Patterson-UTI Energy had a negative return on equity of 2.65% and a negative net margin of 2.81%.The business had revenue of $191.70 million for the quarter.

Institutional Investors Weigh In On Patterson-UTI Energy

A number of institutional investors and hedge funds have recently modified their holdings of PTEN. Nordea Investment Management AB purchased a new stake in Patterson-UTI Energy during the 2nd quarter valued at $3,847,000. Teacher Retirement System of Texas lifted its holdings in Patterson-UTI Energy by 729.8% in the first quarter. Teacher Retirement System of Texas now owns 133,011 shares of the oil and gas company’s stock worth $1,093,000 after buying an additional 116,982 shares during the period. CWM LLC grew its stake in Patterson-UTI Energy by 587.5% in the first quarter. CWM LLC now owns 75,341 shares of the oil and gas company’s stock worth $619,000 after purchasing an additional 64,383 shares during the period. XTX Topco Ltd purchased a new position in Patterson-UTI Energy during the 1st quarter valued at about $1,296,000. Finally, MetLife Investment Management LLC increased its stake in shares of Patterson-UTI Energy by 405.2% during the first quarter. MetLife Investment Management LLC now owns 1,174,959 shares of the oil and gas company’s stock valued at $9,658,000 after purchasing an additional 942,400 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Patterson-UTI Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 5.2%. Patterson-UTI Energy’s dividend payout ratio (DPR) is presently -88.89%.

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.