Patterson-UTI Energy, Inc. to Post Q2 2025 Earnings of $0.15 Per Share, Zacks Research Forecasts (NASDAQ:PTEN)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Equities research analysts at Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for shares of Patterson-UTI Energy in a research report issued on Wednesday, May 22nd. Zacks Research analyst N. Choudhury now forecasts that the oil and gas company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.18. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is $0.55 per share.

A number of other research firms have also recently commented on PTEN. Benchmark reissued a “hold” rating on shares of Patterson-UTI Energy in a report on Monday, May 6th. StockNews.com lowered Patterson-UTI Energy from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Royal Bank of Canada decreased their price objective on Patterson-UTI Energy from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Raymond James cut their target price on Patterson-UTI Energy from $16.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 16th. Finally, Bank of America lowered their target price on shares of Patterson-UTI Energy from $14.50 to $14.00 and set a “buy” rating for the company in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

Patterson-UTI Energy Stock Performance

Shares of NASDAQ PTEN opened at $10.80 on Friday. The company has a market capitalization of $4.34 billion, a P/E ratio of 15.88, a P/E/G ratio of 1.76 and a beta of 2.23. The stock has a 50 day moving average of $11.44 and a 200-day moving average of $11.28. The company has a current ratio of 1.48, a quick ratio of 1.28 and a debt-to-equity ratio of 0.26. Patterson-UTI Energy has a 12 month low of $9.70 and a 12 month high of $16.17.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.46 earnings per share.

Hedge Funds Weigh In On Patterson-UTI Energy

Several institutional investors have recently bought and sold shares of PTEN. Fortitude Family Office LLC grew its holdings in shares of Patterson-UTI Energy by 320.7% during the first quarter. Fortitude Family Office LLC now owns 2,091 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 1,594 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Patterson-UTI Energy by 66.5% in the first quarter. Lindbrook Capital LLC now owns 3,335 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 1,332 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Patterson-UTI Energy during the fourth quarter worth about $40,000. Parkside Financial Bank & Trust increased its stake in shares of Patterson-UTI Energy by 635.8% during the third quarter. Parkside Financial Bank & Trust now owns 3,002 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 2,594 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Patterson-UTI Energy by 28.5% during the first quarter. CWM LLC now owns 4,031 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 893 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Patterson-UTI Energy

In other Patterson-UTI Energy news, Director Robert Wayne Drummond, Jr. sold 187,916 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $11.73, for a total value of $2,204,254.68. Following the completion of the sale, the director now owns 2,473,239 shares of the company’s stock, valued at $29,011,093.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert Wayne Drummond, Jr. sold 187,916 shares of Patterson-UTI Energy stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $11.73, for a total transaction of $2,204,254.68. Following the completion of the sale, the director now owns 2,473,239 shares of the company’s stock, valued at $29,011,093.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Wayne Drummond, Jr. sold 150,000 shares of Patterson-UTI Energy 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 sale, the director now directly owns 2,007,895 shares of the company’s stock, valued at approximately $23,191,187.25. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Patterson-UTI Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, June 3rd. Patterson-UTI Energy’s payout ratio is 47.06%.

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.