Q4 Earnings Forecast for PTEN Issued By Zacks Research

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Stock analysts at Zacks Research issued their Q4 2026 earnings per share estimates for Patterson-UTI Energy in a research report issued on Monday, October 5th. Zacks Research analyst Team anticipates that the oil and gas company will post earnings per share of $0.01 for the quarter. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is ($0.01) per share. Zacks Research also issued estimates for Patterson-UTI Energy’s Q2 2027 earnings at $0.05 EPS, Q4 2027 earnings at $0.06 EPS and FY2027 earnings at $0.12 EPS.

PTEN has been the subject of a number of other research reports. UBS Group started coverage on Patterson-UTI Energy in a report on Friday, October 2nd. They issued a “neutral” rating and a $13.00 target price for the company. Piper Sandler restated an “overweight” rating on shares of Patterson-UTI Energy in a report on Friday, August 21st. Barclays raised their price target on Patterson-UTI Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Stifel Nicolaus lifted their price objective on shares of Patterson-UTI Energy from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. upgraded shares of Patterson-UTI Energy from an “underweight” rating to a “neutral” rating and set a $12.00 price objective on the stock in a research report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.14.

Patterson-UTI Energy Trading Down 1.2%

Shares of PTEN stock opened at $11.41 on Tuesday. The company has a market cap of $4.35 billion, a PE ratio of -49.61 and a beta of 0.77. Patterson-UTI Energy has a 1 year low of $5.24 and a 1 year high of $13.39. The stock’s 50 day simple moving average is $11.55 and its two-hundred day simple moving average is $11.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.75 and a quick ratio of 1.57.

Patterson-UTI Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.5%. Patterson-UTI Energy’s dividend payout ratio is currently -173.91%.

Insiders Place Their Bets

In related news, Director Robert Wayne Drummond, Jr. sold 198,395 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $12.85, for a total transaction of $2,549,375.75. Following the completion of the sale, the director directly owned 928,773 shares of the company’s stock, valued at approximately $11,934,733.05. This trade represents a 17.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Seth Wexler sold 120,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $12.75, for a total value of $1,530,000.00. Following the transaction, the executive vice president owned 404,582 shares of the company’s stock, valued at approximately $5,158,420.50. The trade was a 22.88% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,027,000 shares of company stock worth $12,698,780. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Patterson-UTI Energy

Several institutional investors and hedge funds have recently made changes to their positions in PTEN. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Patterson-UTI Energy during the second quarter valued at $32,000. Rockefeller Capital Management L.P. increased its stake in Patterson-UTI Energy by 187.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,591 shares of the oil and gas company’s stock worth $40,000 after buying an additional 4,299 shares during the period. Nykredit A S purchased a new position in Patterson-UTI Energy in the 2nd quarter worth about $56,000. Caitong International Asset Management Co. Ltd lifted its holdings in Patterson-UTI Energy by 268,475.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,743 shares of the oil and gas company’s stock valued at $66,000 after buying an additional 10,739 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in Patterson-UTI Energy during the 2nd quarter valued at about $68,000. 97.91% of the stock is currently owned by institutional investors.

About Patterson-UTI Energy

Patterson-UTI Energy, Inc (NASDAQ: PTEN) is an energy services company that provides drilling and well-completion solutions to oil and natural gas exploration and production companies. Its operations support the development of unconventional and conventional wells, primarily in North America.

The company’s drilling services include contract land drilling, directional drilling, and related technologies designed to improve well placement, efficiency, and performance. Patterson-UTI also provides completion services, including pressure pumping, wireline, and other well-completion and production-support services.

Through its drilling products business, Patterson-UTI manufactures and distributes drilling equipment and downhole tools, including drill bits, drilling motors, and related products.