What is Zacks Research’s Estimate for PTEN Q3 Earnings?

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) – Stock analysts at Zacks Research issued their Q3 2026 EPS estimates for Patterson-UTI Energy in a research note issued to investors on Wednesday, August 12th. Zacks Research analyst Team anticipates that the oil and gas company will post earnings of $0.02 per share for the quarter. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Patterson-UTI Energy’s current full-year earnings is ($0.04) per share. Zacks Research also issued estimates for Patterson-UTI Energy’s FY2026 earnings at ($0.05) EPS, Q1 2027 earnings at ($0.05) EPS, Q3 2027 earnings at $0.02 EPS, Q4 2027 earnings at $0.04 EPS and FY2028 earnings at $0.38 EPS.

PTEN has been the topic of a number of other research reports. The Goldman Sachs Group raised their price target on Patterson-UTI Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Patterson-UTI Energy in a research note on Tuesday, May 26th. Barclays upped their price target on shares of Patterson-UTI Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Citigroup reduced their price objective on shares of Patterson-UTI Energy from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Finally, Capital One Financial raised Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective on the stock in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.95.

Patterson-UTI Energy Stock Performance

PTEN stock opened at $10.90 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. Patterson-UTI Energy has a twelve month low of $5.10 and a twelve month high of $13.08. The business’s fifty day moving average is $10.09 and its 200-day moving average is $10.15. The company has a market cap of $4.16 billion, a P/E ratio of -47.39 and a beta of 0.63.

Hedge Funds Weigh In On Patterson-UTI Energy

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in Patterson-UTI Energy by 360.3% during the 3rd quarter. Quarry LP now owns 4,934 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 3,862 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Patterson-UTI Energy in the 2nd quarter worth about $32,000. First Horizon Corp lifted its holdings in shares of Patterson-UTI Energy by 58.5% in the 4th quarter. First Horizon Corp now owns 5,554 shares of the oil and gas company’s stock worth $34,000 after buying an additional 2,049 shares during the period. Rockefeller Capital Management L.P. increased its position in Patterson-UTI Energy by 187.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,591 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 4,299 shares during the period. Finally, Torren Management LLC purchased a new position in Patterson-UTI Energy during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insider Buying and Selling at Patterson-UTI Energy

In other Patterson-UTI Energy news, CEO William Andrew Hendricks, Jr. sold 200,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $11.64, for a total value of $2,328,000.00. Following the transaction, the chief executive officer owned 2,542,474 shares in the company, valued at approximately $29,594,397.36. The trade was a 7.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Forrest C. Robinson sold 13,670 shares of Patterson-UTI Energy stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.01, for a total transaction of $164,176.70. Following the sale, the chief accounting officer directly owned 56,842 shares in the company, valued at $682,672.42. The trade was a 19.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 363,670 shares of company stock worth $4,212,677. 2.20% of the stock is currently owned by insiders.

Patterson-UTI Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 1st. Patterson-UTI Energy’s dividend payout ratio (DPR) is -173.91%.

More Patterson-UTI Energy News

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

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to a loss of $0.05 from a loss of $0.10, while increasing its FY2027 estimate to $0.04 from $0.02 and FY2028 to $0.38 from $0.27. These upgrades indicate analysts expect a stronger earnings recovery over time. Patterson-UTI Energy analyst estimates
• Positive Sentiment: Quarterly estimates also improved: Q1 2027 EPS was raised to a loss of $0.05 from a loss of $0.06, Q3 2027 increased to $0.02 from $0.01, Q2 2027 rose to $0.03 from $0.02, and Q2 2028 advanced to $0.09 from $0.05. Patterson-UTI Energy quarterly earnings estimates
• Neutral Sentiment: Analyst coverage gives PTEN a consensus “Moderate Buy” recommendation, while Zacks specifically rates the shares “Strong-Buy.” The overall sentiment is supportive, but the current full-year consensus still calls for a $0.04-per-share loss. Patterson-UTI Energy consensus recommendation
• Negative Sentiment: Zacks trimmed its Q4 2027 EPS forecast to $0.04 from $0.05. In addition, Zacks expects a $0.05-per-share loss for FY2026 and a $0.05 loss in Q1 2027, underscoring continued near-term earnings pressure despite the longer-term upgrades. Patterson-UTI Energy revised earnings estimates

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.