Analysts Set Patterson-UTI Energy, Inc. (NASDAQ:PTEN) PT at $12.15

Shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) have been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.15.

Several equities research analysts have weighed in on the company. Barclays upgraded Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $10.00 to $15.00 in a report on Thursday, May 7th. The Goldman Sachs Group lifted their price objective on Patterson-UTI Energy from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Piper Sandler upgraded shares of Patterson-UTI Energy from a “neutral” rating to an “overweight” rating and set a $13.00 target price on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada boosted their price target on Patterson-UTI Energy from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Capital One Financial raised Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and set a $12.00 price target on the stock in a report on Monday, April 20th.

Insiders Place Their Bets

In other Patterson-UTI Energy news, Director Cesar Jaime sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $12.29, for a total transaction of $122,900.00. Following the transaction, the director owned 77,462 shares in the company, valued at approximately $952,007.98. This represents a 11.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Forrest C. Robinson sold 13,670 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.01, for a total transaction of $164,176.70. Following the sale, the chief accounting officer directly owned 56,842 shares in the company, valued at approximately $682,672.42. The trade was a 19.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,007,844 shares of company stock worth $11,922,302 in the last quarter. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Patterson-UTI Energy

A number of large investors have recently added to or reduced their stakes in PTEN. Quarry LP raised its stake in Patterson-UTI Energy by 360.3% during the 3rd quarter. Quarry LP now owns 4,934 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 3,862 shares during the period. First Horizon Corp lifted its holdings in Patterson-UTI Energy by 58.5% during the fourth quarter. First Horizon Corp now owns 5,554 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 2,049 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Patterson-UTI Energy by 187.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,591 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 4,299 shares during the period. Torren Management LLC bought a new position in shares of Patterson-UTI Energy in the fourth quarter worth approximately $44,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Patterson-UTI Energy by 494.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,621 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 7,171 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Trending Headlines about Patterson-UTI Energy

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

• Positive Sentiment: Zacks Research raised several longer-term earnings forecasts for Patterson-UTI Energy, including FY2027, FY2028, and multiple 2027–2028 quarterly estimates, suggesting improving profitability expectations over time. PTEN analyst estimate updates
• Positive Sentiment: Analysts also lifted near-term estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027 and Q4 2027, which may signal that cost controls and operating leverage are expected to help earnings recover. PTEN estimate revisions
• Neutral Sentiment: The company is set to report Q2 results on July 29, and current expectations call for a narrower loss as lower operating costs offset weaker revenue. PTEN earnings preview
• Negative Sentiment: Despite the estimate increases, Zacks still keeps a Hold rating, and near-term forecasts remain negative for FY2026 and the current full year, which may be limiting investor enthusiasm. PTEN hold rating and forecasts

Patterson-UTI Energy Price Performance

Shares of Patterson-UTI Energy stock opened at $10.20 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.84 and a quick ratio of 1.63. The business’s 50 day simple moving average is $10.61 and its two-hundred day simple moving average is $9.82. The stock has a market capitalization of $3.87 billion, a P/E ratio of -32.90 and a beta of 0.62. Patterson-UTI Energy has a one year low of $5.10 and a one year high of $13.08.

Patterson-UTI Energy (NASDAQ:PTEN) last released its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Patterson-UTI Energy had a negative return on equity of 2.32% and a negative net margin of 2.56%.The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. Analysts forecast that Patterson-UTI Energy will post -0.06 EPS for the current year.

About Patterson-UTI Energy

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.