Brokers Set Expectations for PTEN Q4 Earnings

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Investment analysts at Zacks Research issued their Q4 2026 earnings per share (EPS) estimates for Patterson-UTI Energy in a research note issued on Monday, October 5th. Zacks Research analyst Team anticipates that the oil and gas company will post earnings of $0.01 per share for the quarter. Zacks Research currently 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 topic of several other research reports. Barclays raised their target price on shares of Patterson-UTI Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Patterson-UTI Energy from an “underweight” rating to a “neutral” rating and set a $12.00 price target for the company in a research note on Friday, July 31st. UBS Group initiated coverage on shares of Patterson-UTI Energy in a report on Friday, October 2nd. They issued a “neutral” rating and a $13.00 price objective on the stock. Stifel Nicolaus raised their price objective on shares of Patterson-UTI Energy from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Patterson-UTI Energy in a report on Friday, August 21st. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.14.

Patterson-UTI Energy Price Performance

Shares of PTEN stock opened at $11.23 on Tuesday. The stock has a 50-day moving average price of $11.59 and a 200 day moving average price of $11.05. The company has a quick ratio of 1.57, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of -48.83 and a beta of 0.77. Patterson-UTI Energy has a 12 month low of $5.24 and a 12 month high of $13.39.

Institutional Trading of Patterson-UTI Energy

A number of large investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Patterson-UTI Energy during the second quarter worth about $32,000. Nykredit A S bought a new stake in shares of Patterson-UTI Energy in the second quarter worth about $56,000. Rockefeller Capital Management L.P. raised its position in shares of Patterson-UTI Energy by 187.6% during 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. Allworth Financial LP acquired a new stake in shares of Patterson-UTI Energy during the second quarter worth about $68,000. Finally, Cidel Asset Management Inc. bought a new position in shares of Patterson-UTI Energy during the 1st quarter valued at about $110,000. Institutional investors own 97.91% of the company’s stock.

Insider Activity

In other Patterson-UTI Energy news, Director James Stewart sold 207,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $11.54, for a total value of $2,388,780.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Wayne Drummond, Jr. sold 198,395 shares of Patterson-UTI Energy stock in a transaction 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 transaction, the director directly owned 928,773 shares in the company, valued at approximately $11,934,733.05. This represents a 17.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,027,000 shares of company stock worth $12,698,780 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Patterson-UTI Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors 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 annualized dividend and a yield of 3.6%. Patterson-UTI Energy’s dividend payout ratio (DPR) is presently -173.91%.

Key Patterson-UTI Energy News

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

• Positive Sentiment: Zacks Research increased its FY2027 EPS forecast to $0.12 from $0.08 and raised estimates for Q2 2027 and Q4 2027 to $0.05 and $0.06, respectively. These revisions suggest improved expectations for Patterson-UTI Energy’s earnings recovery. Zacks Research earnings estimates
• Neutral Sentiment: Patterson-UTI Energy will hold its third-quarter earnings conference call on October 29, giving investors a forthcoming update on drilling activity, operating conditions and management’s outlook. The announcement itself provided no new financial or operational results. Patterson-UTI Energy third-quarter earnings conference call announcement
• Negative Sentiment: Zacks Research lowered its Q1 2028 EPS estimate to $0.09 from $0.10. It also maintains a “Hold” rating, while the consensus forecast calls for a $0.01 loss per share for the current full year, limiting the positive impact from the higher 2027 projections. PTEN stock earnings forecast update

Patterson-UTI Energy Company Profile

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.