Weekly Analysts’ Ratings Changes for Patterson-UTI Energy (PTEN)

A number of firms have modified their ratings and price targets on shares of Patterson-UTI Energy (NASDAQ: PTEN) recently:

• 11/10/2026 – Patterson-UTI Energy had its price target lowered by Citigroup from $12.50 to $11.00. They now have a “neutral” rating on the stock.
• 11/7/2026 – Patterson-UTI Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 11/4/2026 – Patterson-UTI Energy was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 11/3/2026 – Patterson-UTI Energy had its price target raised by Piper Sandler from $14.00 to $15.00. They now have an “overweight” rating on the stock.
• 11/2/2026 – Patterson-UTI Energy had its price target raised by Morgan Stanley from $12.00 to $13.00. They now have an “equal weight” rating on the stock.
• 10/30/2026 – Patterson-UTI Energy had its price target raised by UBS Group from $13.00 to $13.50. They now have a “neutral” rating on the stock.
• 10/30/2026 – Patterson-UTI Energy had its price target raised by Royal Bank Of Canada from $15.00 to $17.00. They now have an “outperform” rating on the stock.
• 10/30/2026 – Patterson-UTI Energy had its price target raised by Barclays from $16.00 to $17.00. They now have an “overweight” rating on the stock.
• 10/30/2026 – Patterson-UTI Energy had its price target raised by Susquehanna from $13.00 to $15.00. They now have a “positive” rating on the stock.
• 10/8/2026 – Patterson-UTI Energy was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.
• 10/2/2026 – Patterson-UTI Energy had its price target lowered by Citigroup from $13.50 to $12.50. They now have a “neutral” rating on the stock.
• 10/2/2026 – Patterson-UTI Energy is now covered by UBS Group. They set a “neutral” rating and a $13.00 price target on the stock.

Patterson-UTI Energy Stock Performance

Shares of NASDAQ:PTEN traded up $0.30 during midday trading on Friday, reaching $10.97. The company had a trading volume of 5,981,050 shares, compared to its average volume of 7,714,356. The stock has a market cap of $4.16 billion, a P/E ratio of -182.83 and a beta of 0.79. The company’s 50 day moving average price is $11.54 and its 200 day moving average price is $10.68. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.40. Patterson-UTI Energy, Inc. has a 52-week low of $5.24 and a 52-week high of $13.39.

Patterson-UTI Energy (NASDAQ:PTEN) last posted its quarterly earnings data on Wednesday, October 28th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Patterson-UTI Energy had a negative net margin of 0.52% and a negative return on equity of 0.58%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) earnings per share. As a group, sell-side analysts anticipate that Patterson-UTI Energy, Inc. will post 0.02 EPS for the current fiscal year.

Patterson-UTI Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.6%. Patterson-UTI Energy’s dividend payout ratio (DPR) is presently -666.67%.

Insider Activity at Patterson-UTI Energy

In related news, EVP Seth Wexler sold 120,000 shares of Patterson-UTI Energy stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $12.75, for a total value of $1,530,000.00. Following the sale, the executive vice president owned 404,582 shares of the company’s stock, valued at approximately $5,158,420.50. The trade was a 22.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Drummond Jr. sold 198,395 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $12.85, for a total value of $2,549,375.75. Following the completion of the transaction, the director owned 928,773 shares in the company, valued at approximately $11,934,733.05. The trade was a 17.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,027,000 shares of company stock worth $12,698,780. 2.20% of the stock is currently owned by company insiders.

Patterson-UTI Energy provides contract drilling and related services to oil and natural gas exploration and production companies. Its offerings include land-based drilling rigs, directional drilling, pressure pumping and other well-completion services, as well as equipment and technologies used in drilling operations. The company serves customers across major U.S. oil and gas regions, including the Permian Basin and other active shale areas. Its operations combine services that support wells through multiple stages, from drilling to completion.