FY2025 Earnings Estimate for PTEN Issued By Atb Cap Markets

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Research analysts at Atb Cap Markets upped their FY2025 earnings estimates for Patterson-UTI Energy in a report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now expects 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.

PTEN has been the subject of several other research reports. ATB Capital dropped their target price 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. Citigroup cut their price objective on Patterson-UTI Energy from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus decreased their target price 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. Barclays cut their price target on shares of Patterson-UTI Energy from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Raymond James decreased their price objective on shares of Patterson-UTI Energy from $12.00 to $11.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.71.

Patterson-UTI Energy Stock Performance

Shares of NASDAQ:PTEN opened at $7.72 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 0.35. Patterson-UTI Energy has a 12 month low of $7.38 and a 12 month high of $12.65. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -3.53 and a beta of 2.12. The firm’s 50-day moving average is $8.10 and its 200 day moving average is $8.97.

Hedge Funds Weigh In On Patterson-UTI Energy

A number of large investors have recently added to or reduced their stakes in PTEN. Pacer Advisors Inc. acquired a new stake in Patterson-UTI Energy in the second quarter valued at approximately $152,265,000. Ninepoint Partners LP purchased a new stake in Patterson-UTI Energy in the second quarter valued at about $51,800,000. American Century Companies Inc. boosted its holdings in Patterson-UTI Energy by 62.8% in the second quarter. American Century Companies Inc. now owns 5,683,096 shares of the oil and gas company’s stock worth $58,877,000 after acquiring an additional 2,191,330 shares in the last quarter. ARGA Investment Management LP grew its stake in shares of Patterson-UTI Energy by 1,066.6% during the third quarter. ARGA Investment Management LP now owns 1,960,723 shares of the oil and gas company’s stock worth $15,000,000 after acquiring an additional 1,792,655 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Patterson-UTI Energy by 2,744.5% during the second 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 in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Patterson-UTI Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date 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.