Patterson-UTI Energy (PTEN) Set to Release Quarterly Earnings on Wednesday

Patterson-UTI Energy (NASDAQ:PTEN) will likely be issuing its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect Patterson-UTI Energy to post earnings of $0.0379 per share and revenue of $1.31 billion for the quarter. Individuals can check the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 29, 2026 at 10:00 AM ET.

Patterson-UTI Energy Trading Down 3.5%

Shares of Patterson-UTI Energy stock opened at $11.63 on Wednesday. Patterson-UTI Energy has a 1 year low of $5.24 and a 1 year high of $13.39. The firm has a market cap of $4.44 billion, a PE ratio of -50.57 and a beta of 0.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.75 and a quick ratio of 1.57. The company has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $11.08.

Patterson-UTI Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.4%. Patterson-UTI Energy’s dividend payout ratio is presently -173.91%.

Insider Transactions at Patterson-UTI Energy

In other Patterson-UTI Energy news, EVP Seth Wexler sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $12.75, for a total value of $1,530,000.00. Following the completion of the sale, the executive vice president owned 404,582 shares of the company’s stock, valued at $5,158,420.50. This represents a 22.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Stewart sold 207,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $11.54, for a total transaction of $2,388,780.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,027,000 shares of company stock worth $12,698,780. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PTEN shares. Weiss Ratings upgraded shares of Patterson-UTI Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Piper Sandler reiterated an “overweight” rating on shares of Patterson-UTI Energy in a research report on Friday, August 21st. Barclays increased their target price on Patterson-UTI Energy from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. UBS Group initiated coverage on Patterson-UTI Energy in a research note on Friday, October 2nd. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Patterson-UTI Energy from an “underweight” rating to a “neutral” rating and set a $12.00 price target on the stock in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.14.

Patterson-UTI Energy Company Profile

Patterson-UTI Energy, Inc is an oilfield services company that provides drilling, completion and production-related services to oil and natural gas exploration and production companies. Its operations are primarily focused on onshore oil and gas development in the United States.

The company provides contract land drilling services through a fleet of rigs, as well as directional drilling and related technologies used to guide wellbores. Patterson-UTI also offers pressure pumping and hydraulic fracturing, wireline, well-completion, equipment rental and other services that support the development and maintenance of unconventional wells.

Patterson-UTI expanded its completion-services business through its 2023 merger with NexTier Oilfield Solutions.