Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Receives $12.95 Consensus Price Target from Analysts

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.95.

PTEN has been the topic of a number of research reports. Barclays boosted their price objective on shares of Patterson-UTI Energy from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Susquehanna raised their target price on shares of Patterson-UTI Energy from $12.00 to $13.00 and gave the company a “positive” rating in a research report on Monday, August 3rd. Stifel Nicolaus lifted their price target on shares of Patterson-UTI Energy from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Zacks Research raised Patterson-UTI Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, KeyCorp upgraded Patterson-UTI Energy to an “overweight” rating in a research note on Wednesday, May 27th.

Patterson-UTI Energy Stock Performance

NASDAQ PTEN opened at $11.37 on Friday. Patterson-UTI Energy has a 52 week low of $5.10 and a 52 week high of $13.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.57 and a current ratio of 1.75. The stock’s 50 day moving average price is $10.08 and its two-hundred day moving average price is $10.18. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -49.43 and a beta of 0.63.

Patterson-UTI Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Patterson-UTI Energy’s dividend payout ratio (DPR) is -173.91%.

Trending Headlines about Patterson-UTI Energy

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

• Positive Sentiment: Higher oil prices are improving expectations for drilling activity and energy-services demand. Patterson-UTI was highlighted as one of two energy stocks that could benefit from crude prices above $80. Oil Above $80: 2 Energy Stocks You Don’t Want to Miss
• Positive Sentiment: Zacks Research maintains a “Strong Buy” view and raised several longer-term earnings forecasts. FY2026 EPS was improved to a loss of $0.05 from a loss of $0.10, FY2027 EPS to $0.04 from $0.02, and FY2028 EPS to $0.38 from $0.27. Estimates for Q1 2027 and Q3 2027 also improved modestly.
• Positive Sentiment: Analysts identified PTEN as one of the drilling stocks bucking a generally bearish industry trend, suggesting relative strength within the oil-and-gas drilling group. 3 Oil & Gas Drilling Stocks Bucking a Bearish Industry Trend
• Neutral Sentiment: The broader analyst view is a “Moderate Buy,” indicating constructive sentiment but not unanimous conviction. Patterson-UTI Energy Given Consensus Recommendation of Moderate Buy
• Negative Sentiment: Not all revisions were favorable: Q4 2027 EPS was lowered to $0.04 from $0.05, while the current full-year consensus still calls for a $0.04-per-share loss. This highlights continuing near-term profitability risk.

Insiders Place Their Bets

In other news, COO James Michael Holcomb sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $11.47, for a total value of $1,720,500.00. Following the completion of the sale, the chief operating officer directly owned 421,523 shares of the company’s stock, valued at $4,834,868.81. This trade represents a 26.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Forrest C. Robinson sold 13,670 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.01, for a total value of $164,176.70. Following the completion of the sale, the chief accounting officer directly owned 56,842 shares of the company’s stock, valued at approximately $682,672.42. The trade was a 19.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 363,670 shares of company stock valued at $4,212,677 over the last 90 days. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Patterson-UTI Energy by 23.7% during the 1st quarter. Royal Bank of Canada now owns 169,995 shares of the oil and gas company’s stock valued at $1,397,000 after purchasing an additional 32,622 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Patterson-UTI Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 231,637 shares of the oil and gas company’s stock valued at $1,904,000 after purchasing an additional 10,142 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Patterson-UTI Energy by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,747,463 shares of the oil and gas company’s stock valued at $39,024,000 after purchasing an additional 220,422 shares during the last quarter. United Services Automobile Association bought a new position in shares of Patterson-UTI Energy in the first quarter valued at about $176,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Patterson-UTI Energy by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 864,492 shares of the oil and gas company’s stock valued at $7,106,000 after purchasing an additional 30,217 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

Patterson-UTI Energy Company Profile

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.