Q2 EPS Forecast for Patterson-UTI Energy Lifted by Analyst

Posted by George Bondi on Nov 13th, 2026

Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Free Report) – Equities researchers at Zacks Research boosted their Q2 2027 earnings per share (EPS) estimates for shares of Patterson-UTI Energy in a note issued to investors on Wednesday, November 11th. Zacks Research analyst Team now expects that the oil and gas company will earn $0.06 per share for the quarter, up from their prior estimate of $0.05. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is $0.02 per share. Zacks Research also issued estimates for Patterson-UTI Energy’s Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.08 EPS, Q2 2028 earnings at $0.11 EPS, Q3 2028 earnings at $0.11 EPS and FY2028 earnings at $0.44 EPS.

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Patterson-UTI Energy had a negative return on equity of 0.58% and a negative net margin of 0.52%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted ($0.10) EPS. The business’s revenue was up 14.1% on a year-over-year basis.

Several other brokerages have also weighed in on PTEN. UBS Group increased their target price on Patterson-UTI Energy from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. raised shares of Patterson-UTI Energy from an “underweight” rating to a “neutral” rating and set a $12.00 price target for the company in a report on Friday, July 31st. Morgan Stanley upped their price target on shares of Patterson-UTI Energy from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Wall Street Zen raised shares of Patterson-UTI Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Finally, Citigroup dropped their price objective on shares of Patterson-UTI Energy from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Patterson-UTI Energy presently has an average rating of “Moderate Buy” and a consensus target price of $13.95.

Check Out Our Latest Research Report on PTEN

Patterson-UTI Energy Price Performance

Shares of PTEN opened at $10.67 on Friday. The company has a market cap of $4.05 billion, a P/E ratio of -177.83 and a beta of 0.79. The stock has a fifty day moving average price of $11.58 and a 200 day moving average price of $10.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.73 and a quick ratio of 1.57. Patterson-UTI Energy has a 12 month low of $5.24 and a 12 month high of $13.39.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Engineers Gate Manager LP lifted its stake in shares of Patterson-UTI Energy by 1,002.2% in the 2nd quarter. Engineers Gate Manager LP now owns 461,819 shares of the oil and gas company’s stock worth $4,239,000 after acquiring an additional 419,919 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Patterson-UTI Energy during the first quarter valued at approximately $1,325,000. The Manufacturers Life Insurance Company acquired a new position in shares of Patterson-UTI Energy during the second quarter valued at approximately $2,675,000. Quantinno Capital Management LP increased its stake in shares of Patterson-UTI Energy by 163.5% during the first quarter. Quantinno Capital Management LP now owns 503,916 shares of the oil and gas company’s stock valued at $5,457,000 after acquiring an additional 312,680 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Patterson-UTI Energy by 90.2% during the second quarter. Hsbc Holdings PLC now owns 172,117 shares of the oil and gas company’s stock worth $1,588,000 after purchasing an additional 81,640 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Patterson-UTI Energy news, Director Robert Wayne Drummond, Jr. sold 198,395 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $12.85, for a total transaction of $2,549,375.75. Following the completion of the transaction, the director owned 928,773 shares in the company, valued at approximately $11,934,733.05. The trade was a 17.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William Andrew Hendricks, Jr. sold 250,000 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $11.91, for a total value of $2,977,500.00. Following the transaction, the chief executive officer owned 2,042,474 shares of the company’s stock, valued at $24,325,865.34. This trade represents a 10.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,027,000 shares of company stock valued at $12,698,780 in the last quarter. 2.20% of the stock is owned by insiders.

Patterson-UTI Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 1st. Patterson-UTI Energy’s dividend payout ratio is -666.67%.

Patterson-UTI Energy Company Profile

(Get Free Report)

Patterson-UTI Energy provides contract drilling and related services to oil and natural gas exploration and production companies. Its offerings include land-based drilling rigs, directional drilling, pressure pumping and other well-completion services, as well as equipment and technologies used in drilling operations. The company serves customers across major U.S. oil and gas regions, including the Permian Basin and other active shale areas. Its operations combine services that support wells through multiple stages, from drilling to completion.