Patterson-UTI Energy, Inc. Forecasted to Earn Q1 2026 Earnings of $0.21 Per Share (NASDAQ:PTEN)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Research analysts at Atb Cap Markets reduced their Q1 2026 earnings per share estimates for Patterson-UTI Energy in a report issued on Thursday, June 27th. Atb Cap Markets analyst W. Syed now expects that the oil and gas company will earn $0.21 per share for the quarter, down from their prior forecast of $0.32. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is $0.55 per share.

Patterson-UTI Energy (NASDAQ:PTEN) last announced its earnings results on Wednesday, May 1st. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Patterson-UTI Energy had a net margin of 4.07% and a return on equity of 7.13%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm posted $0.46 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI reduced their price objective on shares of Patterson-UTI Energy from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. StockNews.com lowered Patterson-UTI Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. Benchmark reaffirmed a “hold” rating on shares of Patterson-UTI Energy in a research note on Monday, May 6th. Bank of America lowered their price target on shares of Patterson-UTI Energy from $14.50 to $14.00 and set a “buy” rating for the company in a report on Monday, April 15th. Finally, Susquehanna reiterated a “positive” rating and issued a $16.00 price target on shares of Patterson-UTI Energy in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.82.

Patterson-UTI Energy Trading Down 2.6 %

NASDAQ:PTEN opened at $10.09 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $10.66 and its 200-day simple moving average is $11.02. Patterson-UTI Energy has a 12-month low of $9.68 and a 12-month high of $16.17. The firm has a market cap of $4.05 billion, a P/E ratio of 14.84 and a beta of 2.19.

Institutional Investors Weigh In On Patterson-UTI Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Mariner LLC grew its position in Patterson-UTI Energy by 73.8% in the 3rd quarter. Mariner LLC now owns 119,813 shares of the oil and gas company’s stock worth $1,658,000 after purchasing an additional 50,869 shares during the last quarter. Northern Trust Corp increased its stake in Patterson-UTI Energy by 71.5% in the third quarter. Northern Trust Corp now owns 3,957,067 shares of the oil and gas company’s stock valued at $54,766,000 after acquiring an additional 1,649,506 shares during the period. California State Teachers Retirement System raised its position in Patterson-UTI Energy by 54.5% in the third quarter. California State Teachers Retirement System now owns 389,840 shares of the oil and gas company’s stock worth $5,395,000 after purchasing an additional 137,587 shares in the last quarter. Teza Capital Management LLC bought a new position in Patterson-UTI Energy during the third quarter worth about $391,000. Finally, Gotham Asset Management LLC boosted its stake in Patterson-UTI Energy by 27.0% in the 3rd quarter. Gotham Asset Management LLC now owns 73,428 shares of the oil and gas company’s stock valued at $1,016,000 after buying an additional 15,611 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert Wayne Drummond, Jr. sold 150,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $11.55, for a total value of $1,732,500.00. Following the completion of the sale, the director now owns 2,007,895 shares in the company, valued at $23,191,187.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Patterson-UTI Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Monday, June 3rd. Patterson-UTI Energy’s dividend payout ratio is 47.06%.

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.