Q1 2026 EPS Estimates for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Decreased by Analyst

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Investment analysts at Atb Cap Markets lowered their Q1 2026 earnings per share (EPS) estimates for shares of Patterson-UTI Energy in a research report issued to clients and investors on Thursday, June 27th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will post earnings per share of $0.21 for the quarter, down from their previous estimate of $0.32. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is $0.55 per share.

Other equities analysts have also recently issued reports about the company. Evercore ISI decreased their target price on Patterson-UTI Energy from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Bank of America lowered their price target on Patterson-UTI Energy from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Susquehanna reiterated a “positive” rating and set a $16.00 price target on shares of Patterson-UTI Energy in a report on Monday, April 8th. StockNews.com downgraded Patterson-UTI Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Piper Sandler lowered their price target on Patterson-UTI Energy from $17.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.82.

Patterson-UTI Energy Stock Down 2.6 %

Shares of Patterson-UTI Energy stock opened at $10.09 on Monday. Patterson-UTI Energy has a 1-year low of $9.68 and a 1-year high of $16.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.48 and a quick ratio of 1.28. The business’s fifty day moving average price is $10.66 and its two-hundred day moving average price is $11.02. The company has a market capitalization of $4.05 billion, a P/E ratio of 14.84 and a beta of 2.19.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its earnings results on Wednesday, May 1st. The oil and gas company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Patterson-UTI Energy had a return on equity of 7.13% and a net margin of 4.07%. During the same quarter last year, the firm earned $0.46 EPS.

Patterson-UTI Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, June 3rd. Patterson-UTI Energy’s payout ratio is 47.06%.

Insider Activity

In other Patterson-UTI Energy news, Director Robert Wayne Drummond, Jr. sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.55, for a total transaction of $1,732,500.00. Following the completion of the sale, the director now directly owns 2,007,895 shares in the company, valued at $23,191,187.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Patterson-UTI Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Patterson-UTI Energy by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 46,595,620 shares of the oil and gas company’s stock valued at $556,352,000 after acquiring an additional 1,554,020 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Patterson-UTI Energy by 6.5% in the 4th quarter. Van ECK Associates Corp now owns 8,505,551 shares of the oil and gas company’s stock worth $91,860,000 after acquiring an additional 519,259 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Patterson-UTI Energy by 10.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,303,828 shares of the oil and gas company’s stock worth $87,208,000 after acquiring an additional 703,536 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Patterson-UTI Energy by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,784,937 shares of the oil and gas company’s stock worth $51,677,000 after buying an additional 177,428 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Patterson-UTI Energy in the 4th quarter worth about $44,911,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.