Analysts Set Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Price Target at $8.11

Shares of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.1111.

Several analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on Patterson-UTI Energy from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Royal Bank Of Canada raised their target price on shares of Patterson-UTI Energy from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. The Goldman Sachs Group lifted their target price on shares of Patterson-UTI Energy from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $6.00 price target (down from $7.00) on shares of Patterson-UTI Energy in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Patterson-UTI Energy in a research report on Monday, December 29th.

Insider Buying and Selling at Patterson-UTI Energy

In other news, Director Robert Wayne Drummond, Jr. sold 164,775 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $10.18, for a total value of $1,677,409.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Patterson-UTI Energy

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Patterson-UTI Energy by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,465,704 shares of the oil and gas company’s stock valued at $112,825,000 after acquiring an additional 1,465,102 shares during the period. American Century Companies Inc. grew its stake in shares of Patterson-UTI Energy by 7.9% during the 3rd quarter. American Century Companies Inc. now owns 15,599,294 shares of the oil and gas company’s stock valued at $80,804,000 after purchasing an additional 1,135,704 shares during the period. State Street Corp increased its position in shares of Patterson-UTI Energy by 0.5% during the 4th quarter. State Street Corp now owns 15,265,086 shares of the oil and gas company’s stock valued at $93,270,000 after purchasing an additional 75,560 shares during the last quarter. Sourcerock Group LLC increased its position in shares of Patterson-UTI Energy by 109.2% during the 2nd quarter. Sourcerock Group LLC now owns 13,803,775 shares of the oil and gas company’s stock valued at $81,856,000 after purchasing an additional 7,205,652 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Patterson-UTI Energy by 110.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,559,219 shares of the oil and gas company’s stock worth $64,517,000 after purchasing an additional 5,551,276 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Patterson-UTI Energy Stock Down 0.2%

PTEN stock opened at $10.72 on Tuesday. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -42.88 and a beta of 0.71. Patterson-UTI Energy has a fifty-two week low of $5.10 and a fifty-two week high of $11.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.46 and a current ratio of 1.64. The stock has a fifty day moving average of $8.32 and a 200-day moving average of $6.74.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its earnings results on Wednesday, February 4th. The oil and gas company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. Patterson-UTI Energy had a negative return on equity of 1.50% and a negative net margin of 1.94%.The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) EPS. As a group, equities research analysts predict that Patterson-UTI Energy will post -0.1 earnings per share for the current year.

Patterson-UTI Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Patterson-UTI Energy’s previous quarterly dividend of $0.08. Patterson-UTI Energy’s payout ratio is presently -160.00%.

Patterson-UTI Energy News Summary

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

• Positive Sentiment: Zacks Research raised multiple quarterly and annual EPS estimates (small trims to expected losses across 2026–2028), signaling modestly improved profitability expectations that can support the stock. Read More.
• Positive Sentiment: Patterson-UTI increased its quarterly dividend to $0.10 (paid Mar. 16), implying a 3.7% yield and providing income support that can attract yield-focused investors. Read More.
• Neutral Sentiment: Analyst coverage remains mixed: several banks have adjusted targets and ratings (Buy/Hold/Sell mix) and the consensus rating is still “Hold” with an average target around $8.11, so upside is not uniformly endorsed. Read More.
• Neutral Sentiment: Large institutional ownership and recent position changes (several funds added shares) show continued institutional interest, which can both stabilize and amplify moves depending on flows. Read More.
• Negative Sentiment: Insider selling: Director Robert Wayne Drummond Jr. sold 164,775 shares on March 16 at about $10.18 each (~$1.68M). Such a sizable director sale can create headline risk and near‑term supply pressure even if for diversification or tax reasons. Read More. Read More.

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.