What is Zacks Research’s Estimate for PTEN FY2025 Earnings?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Investment analysts at Zacks Research lowered their FY2025 earnings estimates for Patterson-UTI Energy in a research note issued on Wednesday, October 22nd. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of ($0.38) per share for the year, down from their previous estimate of ($0.37). Zacks Research has a “Hold” rating on the stock. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for Patterson-UTI Energy’s Q3 2026 earnings at ($0.16) EPS, Q4 2026 earnings at ($0.09) EPS, FY2026 earnings at ($0.55) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.06) EPS and FY2027 earnings at ($0.25) EPS.

PTEN has been the subject of several other reports. Susquehanna reduced their target price on Patterson-UTI Energy from $8.00 to $7.00 and set a “positive” rating for the company in a research report on Wednesday, September 3rd. Barclays reissued an “equal weight” rating and set a $6.00 price objective (down previously from $7.00) on shares of Patterson-UTI Energy in a report on Monday, October 13th. Royal Bank Of Canada lowered their target price on shares of Patterson-UTI Energy from $9.00 to $8.50 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Patterson-UTI Energy in a research note on Wednesday, October 8th. Finally, Tudor Pickering cut shares of Patterson-UTI Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.80.

Patterson-UTI Energy Trading Up 11.2%

Patterson-UTI Energy stock opened at $6.76 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.50 and a current ratio of 1.73. Patterson-UTI Energy has a fifty-two week low of $5.10 and a fifty-two week high of $9.57. The stock has a market cap of $2.60 billion, a P/E ratio of -18.78 and a beta of 1.23. The firm’s fifty day moving average price is $5.62 and its 200-day moving average price is $5.84.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its earnings results on Tuesday, March 21st. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter. Patterson-UTI Energy had a negative return on equity of 2.62% and a negative net margin of 2.81%.The firm had revenue of $191.70 million during the quarter.

Patterson-UTI Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.7%. Patterson-UTI Energy’s dividend payout ratio is -11.59%.

Hedge Funds Weigh In On Patterson-UTI Energy

A number of large investors have recently added to or reduced their stakes in PTEN. Blue Trust Inc. boosted its position in Patterson-UTI Energy by 43.0% during the third quarter. Blue Trust Inc. now owns 9,033 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 2,717 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Patterson-UTI Energy by 494.6% in the second quarter. EverSource Wealth Advisors LLC now owns 8,621 shares of the oil and gas company’s stock worth $51,000 after buying an additional 7,171 shares during the period. State of Wyoming bought a new stake in shares of Patterson-UTI Energy in the 1st quarter valued at about $54,000. Hudson Bay Capital Management LP purchased a new stake in Patterson-UTI Energy during the 2nd quarter valued at about $62,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Patterson-UTI Energy by 41.0% in the first quarter. Smartleaf Asset Management LLC now owns 7,983 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 2,323 shares during the last quarter. 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.