Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Posted by Brian Himes on Oct 10th, 2026

Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.14.

A number of analysts recently weighed in on PTEN shares. Zacks Research lowered shares of Patterson-UTI Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Piper Sandler reiterated an “overweight” rating on shares of Patterson-UTI Energy in a research report on Friday, August 21st. Susquehanna lifted their price objective on Patterson-UTI Energy from $12.00 to $13.00 and gave the company a “positive” rating in a research note on Monday, August 3rd. Citigroup reduced their target price on Patterson-UTI Energy from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Friday, October 2nd. Finally, UBS Group began coverage on Patterson-UTI Energy in a research note on Friday, October 2nd. They issued a “neutral” rating and a $13.00 target price on the stock.

Read Our Latest Report on PTEN

Patterson-UTI Energy Trading Down 1.5%

Shares of Patterson-UTI Energy stock opened at $11.31 on Friday. The company’s 50-day moving average price is $11.63 and its 200-day moving average price is $11.05. The company has a current ratio of 1.75, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40. Patterson-UTI Energy has a 12-month low of $5.24 and a 12-month high of $13.39. The company has a market cap of $4.31 billion, a price-to-earnings ratio of -49.17 and a beta of 0.77.

Patterson-UTI Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.5%. Patterson-UTI Energy’s payout ratio is presently -173.91%.

Insiders Place Their Bets

In other Patterson-UTI Energy news, Director James Stewart sold 207,000 shares of Patterson-UTI Energy stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $11.54, for a total transaction of $2,388,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Andrew Hendricks, Jr. sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $11.91, for a total transaction of $2,977,500.00. Following the completion of the transaction, the chief executive officer directly owned 2,042,474 shares of the company’s stock, valued at approximately $24,325,865.34. This represents a 10.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,027,000 shares of company stock worth $12,698,780 over the last three months. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Patterson-UTI Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Patterson-UTI Energy by 24.5% during the third quarter. GAMMA Investing LLC now owns 19,939 shares of the oil and gas company’s stock valued at $218,000 after purchasing an additional 3,928 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Patterson-UTI Energy by 39.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,096 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 1,732 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Patterson-UTI Energy by 107.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,147 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 11,458 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Patterson-UTI Energy by 11.5% during the 2nd quarter. Tidal Investments LLC now owns 166,271 shares of the oil and gas company’s stock valued at $1,526,000 after buying an additional 17,189 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Patterson-UTI Energy by 1,002.2% during the 2nd quarter. Engineers Gate Manager LP now owns 461,819 shares of the oil and gas company’s stock valued at $4,239,000 after buying an additional 419,919 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

About Patterson-UTI Energy

(Get Free Report)

Patterson-UTI Energy, Inc (NASDAQ: PTEN) is an energy services company that provides drilling and well-completion solutions to oil and natural gas exploration and production companies. Its operations support the development of unconventional and conventional wells, primarily in North America.

The company’s drilling services include contract land drilling, directional drilling, and related technologies designed to improve well placement, efficiency, and performance. Patterson-UTI also provides completion services, including pressure pumping, wireline, and other well-completion and production-support services.

Through its drilling products business, Patterson-UTI manufactures and distributes drilling equipment and downhole tools, including drill bits, drilling motors, and related products.