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

Patterson-UTI Energy (NASDAQ:PTEN) is expected to issue its Q1 2026 results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of ($0.0825) per share and revenue of $1.1145 billion for the quarter. Parties are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Thursday, April 23, 2026 at 10:00 AM ET.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The company had revenue of $1.15 billion during 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%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) EPS. 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 Price Performance

Shares of Patterson-UTI Energy stock opened at $9.42 on Monday. Patterson-UTI Energy has a 1-year low of $5.10 and a 1-year high of $11.75. The company has a market capitalization of $3.58 billion, a PE ratio of -37.68 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.64 and a quick ratio of 1.46. The business has a 50-day moving average of $9.65 and a 200-day moving average of $7.51.

Patterson-UTI Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.10 dividend. This is an increase from Patterson-UTI Energy’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd. Patterson-UTI Energy’s dividend payout ratio (DPR) is currently -160.00%.

Insider Transactions at Patterson-UTI Energy

In other Patterson-UTI Energy news, Director Robert Wayne Drummond, Jr. sold 164,775 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $10.18, for a total value of $1,677,409.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is owned by corporate insiders.

Institutional Trading of Patterson-UTI Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP lifted its holdings in shares of Patterson-UTI Energy by 360.3% in the 3rd quarter. Quarry LP now owns 4,934 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 3,862 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Patterson-UTI Energy by 494.6% in the second quarter. EverSource Wealth Advisors LLC now owns 8,621 shares of the oil and gas company’s stock worth $51,000 after buying an additional 7,171 shares during the period. Aster Capital Management DIFC Ltd increased its position in Patterson-UTI Energy by 21.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 8,717 shares of the oil and gas company’s stock worth $53,000 after buying an additional 1,547 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Patterson-UTI Energy by 42.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,846 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 2,912 shares during the period. Finally, Qtron Investments LLC bought a new position in shares of Patterson-UTI Energy during the fourth quarter worth about $63,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PTEN shares. Susquehanna raised their price objective on Patterson-UTI Energy from $10.00 to $13.00 and gave the company a “positive” rating in a research note on Tuesday, April 7th. Bank of America reaffirmed a “buy” rating on shares of Patterson-UTI Energy in a research report on Monday, March 2nd. Royal Bank Of Canada increased their target price on Patterson-UTI Energy from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Patterson-UTI Energy in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Patterson-UTI Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.67.

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.