Research Analysts Set Expectations for PTEN Q3 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Analysts at Atb Cap Markets decreased their Q3 2025 earnings per share (EPS) estimates for shares of Patterson-UTI Energy in a research report issued on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings of $0.03 per share for the quarter, down from their previous estimate 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.

Several other analysts have also recently commented on PTEN. Citigroup decreased their price objective on shares of Patterson-UTI Energy from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Raymond James lowered their price target on shares of Patterson-UTI Energy from $12.00 to $11.00 and set a “strong-buy” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus reduced their price objective on Patterson-UTI Energy from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Morgan Stanley lowered their target price on Patterson-UTI Energy from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, Royal Bank of Canada reduced their price target on Patterson-UTI Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Patterson-UTI Energy presently has a consensus rating of “Moderate Buy” and an average target price of $11.71.

Patterson-UTI Energy Trading Up 1.3 %

Patterson-UTI Energy stock opened at $7.72 on Thursday. The stock has a 50-day moving average price of $8.10 and a 200 day moving average price of $8.98. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -3.53 and a beta of 2.12. Patterson-UTI Energy has a 52 week low of $7.38 and a 52 week high of $12.65. The company has a quick ratio of 1.32, a current ratio of 1.52 and a debt-to-equity ratio of 0.35.

Patterson-UTI Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.15%. Patterson-UTI Energy’s dividend payout ratio is currently -14.61%.

Hedge Funds Weigh In On Patterson-UTI Energy

A number of hedge funds have recently made changes to their positions in PTEN. CWM LLC raised its stake in Patterson-UTI Energy by 49.9% in the 2nd quarter. CWM LLC now owns 6,043 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 2,012 shares during the last quarter. SG Americas Securities LLC grew its stake in Patterson-UTI Energy by 18.0% during the 2nd quarter. SG Americas Securities LLC now owns 49,573 shares of the oil and gas company’s stock valued at $514,000 after acquiring an additional 7,567 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in Patterson-UTI Energy by 5.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 68,295 shares of the oil and gas company’s stock valued at $708,000 after acquiring an additional 3,475 shares during the last quarter. Blue Trust Inc. lifted its stake in Patterson-UTI Energy by 263.3% in the 2nd quarter. Blue Trust Inc. now owns 7,597 shares of the oil and gas company’s stock worth $79,000 after purchasing an additional 5,506 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in shares of Patterson-UTI Energy by 30.8% during 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 purchasing an additional 70,229 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.