Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Given Average Rating of “Moderate Buy” by Analysts

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.30.

PTEN has been the topic of several recent analyst reports. Barclays raised Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $15.00 in a research note on Thursday, May 7th. Stifel Nicolaus boosted their price target on Patterson-UTI Energy from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, April 24th. KeyCorp raised Patterson-UTI Energy to an “overweight” rating in a research note on Wednesday, May 27th. Susquehanna boosted their price target on Patterson-UTI Energy from $13.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 27th. Finally, Piper Sandler boosted their price target on Patterson-UTI Energy from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th.

Patterson-UTI Energy Stock Performance

Shares of PTEN stock opened at $11.51 on Friday. Patterson-UTI Energy has a one year low of $5.10 and a one year high of $13.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.84 and a quick ratio of 1.63. The business’s 50 day simple moving average is $11.34 and its 200 day simple moving average is $8.83. The stock has a market capitalization of $4.37 billion, a PE ratio of -37.13 and a beta of 0.61.

Patterson-UTI Energy (NASDAQ:PTEN) last issued its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Patterson-UTI Energy had a negative return on equity of 2.32% and a negative net margin of 2.56%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Patterson-UTI Energy’s revenue for the quarter was down 12.7% on a year-over-year basis. As a group, research analysts forecast that Patterson-UTI Energy will post -0.15 earnings per share for the current year.

Patterson-UTI Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, June 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.5%. Patterson-UTI Energy’s payout ratio is currently -129.03%.

Key Patterson-UTI Energy News

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

• Positive Sentiment: Goldman Sachs raised its price target on Patterson-UTI Energy to $13.00 from $11.00 and maintained a buy rating, reinforcing a more constructive view of the stock. Benzinga article
• Positive Sentiment: Zacks Research lifted earnings estimates across several periods, including FY2026, FY2027, and FY2028, signaling expectations for better long-term earnings trends at Patterson-UTI Energy. MarketBeat report
• Neutral Sentiment: Patterson-UTI Energy reported an average of 92 drilling rigs operating in the United States in May 2026, indicating stable activity but not a major surprise versus recent operating trends. Access Newswire article

Insider Transactions at Patterson-UTI Energy

In other news, COO James Michael Holcomb sold 150,000 shares of the business’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 transaction of $1,720,500.00. Following the completion of the sale, the chief operating officer owned 421,523 shares in the company, valued at $4,834,868.81. The trade was a 26.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William Andrew Hendricks, Jr. sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $11.85, for a total value of $2,962,500.00. Following the sale, the chief executive officer owned 2,823,103 shares of the company’s stock, valued at approximately $33,453,770.55. This represents a 8.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 958,949 shares of company stock worth $11,107,535. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Patterson-UTI Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP increased its holdings in shares of Patterson-UTI Energy by 360.3% during the third quarter. Quarry LP now owns 4,934 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 3,862 shares in the last quarter. First Horizon Corp boosted its position in shares of Patterson-UTI Energy by 58.5% during the fourth quarter. First Horizon Corp now owns 5,554 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 2,049 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Patterson-UTI Energy during the third quarter valued at approximately $37,000. Rockefeller Capital Management L.P. boosted its position in shares of Patterson-UTI Energy by 187.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 6,591 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 4,299 shares during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Patterson-UTI Energy during the fourth quarter valued at approximately $44,000. Institutional investors own 97.91% of the company’s stock.

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.