Patterson-UTI Energy (PTEN) Projected to Post Quarterly Earnings on Wednesday

Patterson-UTI Energy (NASDAQ:PTEN) is anticipated to release its Q2 2025 earnings data after the market closes on Wednesday, July 23rd. Analysts expect Patterson-UTI Energy to post earnings of ($0.03) per share and revenue of $1.24 billion for the quarter.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.04. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.18 billion. Patterson-UTI Energy had a negative return on equity of 0.70% and a negative net margin of 19.78%. Patterson-UTI Energy’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. On average, analysts expect Patterson-UTI Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Patterson-UTI Energy Stock Performance

Shares of PTEN opened at $5.93 on Wednesday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -2.28 and a beta of 1.32. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.36. Patterson-UTI Energy has a 52-week low of $5.12 and a 52-week high of $11.27. The stock has a 50 day moving average price of $6.05 and a 200 day moving average price of $7.14.

Patterson-UTI Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 5.40%. Patterson-UTI Energy’s dividend payout ratio is presently -12.31%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PTEN shares. Stifel Nicolaus decreased their price objective on Patterson-UTI Energy from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group dropped their price objective on Patterson-UTI Energy from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Citigroup reaffirmed a “neutral” rating and issued a $6.50 price target on shares of Patterson-UTI Energy in a report on Monday, May 19th. Piper Sandler started coverage on Patterson-UTI Energy in a research report on Tuesday. They set a “neutral” rating and a $7.00 price objective for the company. Finally, Morgan Stanley dropped their target price on Patterson-UTI Energy from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.77.

Insider Buying and Selling

In other Patterson-UTI Energy news, Director James Carl Stewart sold 5,500 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $5.98, for a total value of $32,890.00. Following the completion of the sale, the director directly owned 999,754 shares of the company’s stock, valued at approximately $5,978,528.92. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Patterson-UTI Energy

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Patterson-UTI Energy by 23.7% during the 1st quarter. Royal Bank of Canada now owns 169,995 shares of the oil and gas company’s stock worth $1,397,000 after purchasing an additional 32,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Patterson-UTI Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 231,637 shares of the oil and gas company’s stock worth $1,904,000 after purchasing an additional 10,142 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Patterson-UTI Energy by 4.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,747,463 shares of the oil and gas company’s stock valued at $39,024,000 after acquiring an additional 220,422 shares in the last quarter. United Services Automobile Association acquired a new stake in Patterson-UTI Energy during the first quarter valued at approximately $176,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Patterson-UTI Energy by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 864,492 shares of the oil and gas company’s stock valued at $7,106,000 after acquiring an additional 30,217 shares during the period. 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.