Patterson-UTI Energy (PTEN) Expected to Announce Earnings on Wednesday

Posted by George Bondi on Jul 27th, 2026

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) is anticipated to post its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $1.1548 billion for the quarter. Interested persons are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 10:00 AM ET.

Patterson-UTI Energy Price Performance

Shares of NASDAQ:PTEN opened at $10.20 on Monday. The firm has a fifty day moving average price of $10.61 and a two-hundred day moving average price of $9.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.84 and a quick ratio of 1.63. Patterson-UTI Energy has a one year low of $5.10 and a one year high of $13.08. The company has a market cap of $3.87 billion, a price-to-earnings ratio of -32.90 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank Of Canada raised their price target on Patterson-UTI Energy from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Morgan Stanley upped their price objective on shares of Patterson-UTI Energy from $7.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Capital One Financial raised shares of Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a research note on Monday, April 20th. Citigroup dropped their target price on shares of Patterson-UTI Energy from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Monday, June 29th. Finally, Piper Sandler raised shares of Patterson-UTI Energy from a “neutral” rating to an “overweight” rating and set a $13.00 price target on the stock in a report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Patterson-UTI Energy presently has an average rating of “Hold” and a consensus target price of $12.15.

Read Our Latest Research Report on Patterson-UTI Energy

Key Headlines Impacting Patterson-UTI Energy

Here are the key news stories impacting Patterson-UTI Energy this week:

Positive Sentiment: Zacks Research raised several longer-term earnings forecasts for Patterson-UTI Energy, including FY2027, FY2028, and multiple 2027–2028 quarterly estimates, suggesting improving profitability expectations over time. PTEN analyst estimate updates
Positive Sentiment: Analysts also lifted near-term estimates for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027 and Q4 2027, which may signal that cost controls and operating leverage are expected to help earnings recover. PTEN estimate revisions
Neutral Sentiment: The company is set to report Q2 results on July 29, and current expectations call for a narrower loss as lower operating costs offset weaker revenue. PTEN earnings preview
Negative Sentiment: Despite the estimate increases, Zacks still keeps a Hold rating, and near-term forecasts remain negative for FY2026 and the current full year, which may be limiting investor enthusiasm. PTEN hold rating and forecasts

Insider Buying and Selling at Patterson-UTI Energy

In other news, CEO William Andrew Hendricks, Jr. sold 250,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $11.85, for a total value of $2,962,500.00. Following the completion of the sale, the chief executive officer owned 2,823,103 shares of the company’s stock, valued at approximately $33,453,770.55. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Wayne Drummond, Jr. sold 322,699 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $12.04, for a total transaction of $3,885,295.96. Following the transaction, the director directly owned 1,190,248 shares in the company, valued at approximately $14,330,585.92. This represents a 21.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,007,844 shares of company stock valued at $11,922,302. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP lifted its stake 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 valued at $26,000 after acquiring an additional 3,862 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Patterson-UTI Energy by 494.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,621 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 7,171 shares during the period. Aster Capital Management DIFC Ltd lifted 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 valued at $53,000 after purchasing an additional 1,547 shares during the last quarter. Glenmede Investment Management LP bought a new stake in Patterson-UTI Energy in the third quarter valued at approximately $55,000. Finally, Ritter Alpha LP purchased a new position in shares of Patterson-UTI Energy in the third quarter worth $55,000. 97.91% of the stock is owned by institutional investors.

About Patterson-UTI Energy

(Get Free Report)

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.