Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Free Report) – Stock analysts at Atb Cap Markets increased their FY2025 EPS estimates for Patterson-UTI Energy in a note issued to investors on Tuesday, December 10th. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings per share of ($0.02) for the year, up 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 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.
Several other analysts have also commented on PTEN. ATB Capital dropped their price objective on Patterson-UTI Energy from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. 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. Stifel Nicolaus reduced their target price on Patterson-UTI Energy from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, October 11th. Susquehanna lowered their price target on Patterson-UTI Energy from $13.00 to $10.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com downgraded Patterson-UTI Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.71.
Patterson-UTI Energy Trading Up 1.3 %
Shares of Patterson-UTI Energy stock opened at $7.72 on Friday. Patterson-UTI Energy has a fifty-two week low of $7.38 and a fifty-two week high of $12.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.32 and a current ratio of 1.52. The company has a market cap of $3.01 billion, a P/E ratio of -3.53 and a beta of 2.12. The firm has a 50-day simple moving average of $8.10 and a two-hundred day simple moving average of $8.97.
Patterson-UTI Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 4.15%. Patterson-UTI Energy’s dividend payout ratio (DPR) is currently -14.61%.
Hedge Funds Weigh In On Patterson-UTI Energy
Several large investors have recently bought and sold shares of PTEN. CWM LLC increased its holdings in shares of 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 acquiring an additional 2,012 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Patterson-UTI Energy by 18.0% in 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 buying an additional 7,567 shares during the last quarter. Blue Trust Inc. raised its stake in Patterson-UTI Energy by 263.3% during the 2nd quarter. Blue Trust Inc. now owns 7,597 shares of the oil and gas company’s stock worth $79,000 after acquiring an additional 5,506 shares in the last quarter. Stanley Laman Group Ltd. lifted its position in Patterson-UTI Energy by 30.8% in the second quarter. Stanley Laman Group Ltd. now owns 298,544 shares of the oil and gas company’s stock valued at $3,093,000 after acquiring an additional 70,229 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Patterson-UTI Energy in the second quarter valued at $495,000. Hedge funds and other 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.
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