Patterson-UTI Energy (NASDAQ:PTEN) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Patterson-UTI Energy (NASDAQ:PTEN) released its earnings results on Wednesday. The oil and gas company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09, Zacks reports. Patterson-UTI Energy had a negative return on equity of 1.49% and a negative net margin of 1.94%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted ($0.13) earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year.

Patterson-UTI Energy Price Performance

Shares of PTEN stock opened at $8.17 on Friday. The stock’s 50-day moving average is $6.65 and its 200 day moving average is $6.06. Patterson-UTI Energy has a 1-year low of $5.10 and a 1-year high of $9.30. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.44. The company has a market cap of $3.10 billion, a P/E ratio of -32.68 and a beta of 0.76.

Patterson-UTI Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.10 per share. This is an increase from Patterson-UTI Energy’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.9%. Patterson-UTI Energy’s dividend payout ratio (DPR) is currently -88.89%.

Patterson-UTI Energy News Roundup

Here are the key news stories impacting Patterson-UTI Energy this week:

• Positive Sentiment: Management announced a targeted ~15% reduction in 2026 capital expenditures and signaled resilient free cash flow, enabling a larger shareholder return plan (25% dividend increase). This is being read as cash?flow discipline and shareholder friendly capital allocation. Patterson-UTI signals 15% CapEx reduction and 25% dividend hike amid resilient free cash flow
• Positive Sentiment: The board declared a new quarterly dividend of $0.10 (25% increase; annualized yield ~5.0%, ex?dividend Mar 2), a direct cash return that typically supports the share price and signals confidence in near?term cash generation. Patterson-UTI posts Q4 loss, boosts dividend and outlook
• Positive Sentiment: Q4 results beat estimates: EPS of ($0.02) vs consensus ($0.12) and revenue $1.15B vs $1.10B. Management cited stronger Completion Services performance and cost improvements that narrowed the loss—evidence execution is improving. Patterson-UTI Energy Q4 Loss Narrower Than Expected, Revenues Beat
• Positive Sentiment: Earnings call commentary reinforced the cash?flow focus and provided management color on operations and outlook, supporting the capex cut and dividend move as intentional steps to prioritize returns. Patterson-UTI Energy, Inc. (PTEN) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Analyst/market commentary is weighing whether PTEN is a value play after mixed multi?year share performance; some note upside if free cash flow and return of capital persist, but valuation questions remain. Is Patterson-UTI Energy (PTEN) Offering Value After Mixed Multi?Year Share Price Performance?
• Neutral Sentiment: Local/press earnings snapshots reiterate the beats and management commentary; useful for drilldowns but largely repeat the company release. Patterson-UTI: Q4 Earnings Snapshot
• Negative Sentiment: Despite the beats, PTEN still reported a GAAP loss (negative margins and negative ROE), revenue was down ~1% year?over?year, and sell?side models still forecast modestly negative EPS for the year—meaning operational improvement must continue to sustain valuation gains. Patterson-UTI press release / slide deck

Insider Activity at Patterson-UTI Energy

In other news, Director James Carl Stewart sold 368,254 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $5.87, for a total value of $2,161,650.98. Following the sale, the director directly owned 207,000 shares in the company, valued at approximately $1,215,090. This trade represents a 64.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Patterson-UTI Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Patterson-UTI Energy by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 17,000,602 shares of the oil and gas company’s stock valued at $88,065,000 after purchasing an additional 304,718 shares during the last quarter. Sourcerock Group LLC increased its position in Patterson-UTI Energy by 109.2% during the 2nd quarter. Sourcerock Group LLC now owns 13,803,775 shares of the oil and gas company’s stock valued at $81,856,000 after buying an additional 7,205,652 shares in the last quarter. Millennium Management LLC raised its stake in Patterson-UTI Energy by 97.7% in the third quarter. Millennium Management LLC now owns 8,989,351 shares of the oil and gas company’s stock valued at $46,565,000 after buying an additional 4,442,700 shares during the last quarter. Bank of America Corp DE boosted its holdings in Patterson-UTI Energy by 1.5% in the second quarter. Bank of America Corp DE now owns 5,710,369 shares of the oil and gas company’s stock worth $33,862,000 after acquiring an additional 82,817 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Patterson-UTI Energy by 4.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,747,463 shares of the oil and gas company’s stock worth $39,024,000 after acquiring an additional 220,422 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on PTEN. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $6.00 target price (down from $7.00) on shares of Patterson-UTI Energy in a research report on Wednesday, December 10th. Royal Bank Of Canada raised their price objective on Patterson-UTI Energy from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Tudor Pickering lowered Patterson-UTI Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Wall Street Zen raised Patterson-UTI Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Patterson-UTI Energy in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.28.

Patterson-UTI Energy Company Profile

Patterson-UTI Energy provides a comprehensive suite of onshore contract drilling and pressure pumping services to exploration and production companies in North America. The company’s core offerings include land-based drilling rigs, directional drilling, hydraulic fracturing services, downhole tool rental and well-servicing equipment. By integrating drilling and completion capabilities, Patterson-UTI Energy offers operators a streamlined solution designed to improve operational efficiency and well performance.

Headquartered in Houston, Texas, Patterson-UTI Energy traces its origins to its founding in 1978 and was later incorporated in Delaware in 1996.