Q1 EPS Forecast for Patterson-UTI Energy Boosted by Analyst

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Analysts at Zacks Research upped their Q1 2026 earnings estimates for Patterson-UTI Energy in a report released on Wednesday, February 18th. Zacks Research analyst Team now expects that the oil and gas company will earn ($0.12) per share for the quarter, up from their prior forecast of ($0.14). 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 Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.09) EPS, Q4 2026 earnings at ($0.10) EPS, FY2026 earnings at ($0.40) EPS, Q1 2027 earnings at ($0.14) EPS, Q2 2027 earnings at ($0.07) EPS, Q3 2027 earnings at ($0.07) EPS, Q4 2027 earnings at ($0.03) EPS and FY2027 earnings at ($0.31) EPS.

A number of other brokerages have also commented on PTEN. Piper Sandler upped their price target on Patterson-UTI Energy from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Wall Street Zen upgraded Patterson-UTI Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Royal Bank Of Canada raised their target price on Patterson-UTI Energy from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Patterson-UTI Energy in a report on Monday, December 29th. Finally, Citigroup lifted their target price on shares of Patterson-UTI Energy from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.00.

Patterson-UTI Energy Stock Up 4.0%

Shares of PTEN stock opened at $8.50 on Friday. The stock’s 50 day simple moving average is $7.07 and its 200 day simple moving average is $6.22. Patterson-UTI Energy has a twelve month low of $5.10 and a twelve month high of $9.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.46 and a current ratio of 1.64. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -34.00 and a beta of 0.76.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.09. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Patterson-UTI Energy had a negative net margin of 1.94% and a negative return on equity of 1.50%. Patterson-UTI Energy’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) EPS.

Patterson-UTI Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 2nd. This is a boost from Patterson-UTI Energy’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 4.7%. Patterson-UTI Energy’s dividend payout ratio (DPR) is currently -128.00%.

Insider Buying and Selling at Patterson-UTI Energy

In related news, Director James Carl Stewart sold 368,254 shares of Patterson-UTI Energy stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $5.87, for a total value of $2,161,650.98. Following the completion of the transaction, the director directly owned 207,000 shares of the company’s stock, valued at $1,215,090. The trade was a 64.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Patterson-UTI Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP lifted its holdings 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 buying an additional 3,862 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Patterson-UTI Energy by 127.3% in the 3rd quarter. Versant Capital Management Inc now owns 5,970 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 3,343 shares during the period. First Horizon Corp boosted its position in shares of Patterson-UTI Energy by 58.5% in the 4th quarter. First Horizon Corp now owns 5,554 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 2,049 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Patterson-UTI Energy during the third quarter worth about $37,000. Finally, Torren Management LLC acquired a new stake in shares of Patterson-UTI Energy in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Patterson-UTI Energy Company Profile

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.