Patterson-UTI Energy (PTEN) Projected to Post Earnings on Wednesday
by Doug Wharley · The Cerbat GemPatterson-UTI Energy (NASDAQ:PTEN – Get Free Report) will likely be posting its Q1 2026 results after the market closes on Wednesday, April 22nd. Analysts expect Patterson-UTI Energy to post earnings of ($0.0825) per share and revenue of $1.1145 billion for the quarter. Parties may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, April 23, 2026 at 10:00 AM ET.
Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.09. Patterson-UTI Energy had a negative return on equity of 1.50% and a negative net margin of 1.94%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned ($0.13) earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. 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 NASDAQ:PTEN opened at $9.77 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.64 and a debt-to-equity ratio of 0.38. Patterson-UTI Energy has a twelve month low of $5.10 and a twelve month high of $11.75. The stock’s 50 day moving average is $9.67 and its 200-day moving average is $7.54. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -39.08 and a beta of 0.57.
Patterson-UTI Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Patterson-UTI Energy’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.1%. Patterson-UTI Energy’s payout ratio is currently -160.00%.
Insider Activity at Patterson-UTI Energy
In other news, Director Robert Wayne Drummond, Jr. sold 164,775 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $10.18, for a total transaction of $1,677,409.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.
Institutional Trading of Patterson-UTI Energy
A number of institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its holdings in shares of Patterson-UTI Energy by 50.2% in the 4th quarter. Corient Private Wealth LLC now owns 49,961 shares of the oil and gas company’s stock valued at $305,000 after acquiring an additional 16,709 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Patterson-UTI Energy by 223.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 59,666 shares of the oil and gas company’s stock valued at $365,000 after acquiring an additional 41,208 shares in the last quarter. Yaupon Capital Management LP purchased a new stake in shares of Patterson-UTI Energy in the 4th quarter valued at about $9,885,000. Man Group plc raised its holdings in shares of Patterson-UTI Energy by 6.4% in the 4th quarter. Man Group plc now owns 1,456,100 shares of the oil and gas company’s stock valued at $8,897,000 after acquiring an additional 87,557 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Patterson-UTI Energy by 158.3% in the 4th quarter. Guggenheim Capital LLC now owns 179,027 shares of the oil and gas company’s stock valued at $1,094,000 after acquiring an additional 109,713 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Susquehanna upped their price target on Patterson-UTI Energy from $10.00 to $13.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. Stifel Nicolaus upped their price target on Patterson-UTI Energy from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Capital One Financial upgraded Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and set a $12.00 price target for the company in a report on Monday. Bank of America reiterated a “buy” rating on shares of Patterson-UTI Energy in a report on Monday, March 2nd. Finally, Piper Sandler upped their price target on Patterson-UTI Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.90.
Get Our Latest Stock Report on PTEN
About Patterson-UTI Energy
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.