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

Patterson-UTI Energy (NASDAQ:PTEN) is expected to issue its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Patterson-UTI Energy to announce earnings of ($0.04) per share and revenue of $1.1548 billion for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 30, 2026 at 10:00 AM ET.

Patterson-UTI Energy Price Performance

Shares of NASDAQ:PTEN opened at $9.41 on Tuesday. Patterson-UTI Energy has a 12 month low of $5.10 and a 12 month high of $13.08. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -30.35 and a beta of 0.62. The stock’s 50 day moving average price is $10.54 and its 200 day moving average price is $9.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.84 and a quick ratio of 1.63.

Insider Activity

In other news, CAO Forrest C. Robinson sold 13,670 shares of Patterson-UTI Energy stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.01, for a total transaction of $164,176.70. Following the sale, the chief accounting officer directly owned 56,842 shares in the company, valued at approximately $682,672.42. The trade was a 19.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO James Michael Holcomb sold 150,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were 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 directly owned 421,523 shares in the company, valued at approximately $4,834,868.81. The trade was a 26.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,007,844 shares of company stock worth $11,922,302 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its position in Patterson-UTI Energy by 50.2% during the fourth quarter. Corient Private Wealth LLC now owns 49,961 shares of the oil and gas company’s stock worth $305,000 after purchasing an additional 16,709 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Patterson-UTI Energy by 223.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 59,666 shares of the oil and gas company’s stock worth $365,000 after buying an additional 41,208 shares in the last quarter. Yaupon Capital Management LP bought a new position in Patterson-UTI Energy in the fourth quarter valued at approximately $9,885,000. Man Group plc increased its stake in shares of Patterson-UTI Energy by 6.4% in the 4th quarter. Man Group plc now owns 1,456,100 shares of the oil and gas company’s stock valued at $8,897,000 after purchasing an additional 87,557 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Patterson-UTI Energy by 158.3% during the 4th quarter. Guggenheim Capital LLC now owns 179,027 shares of the oil and gas company’s stock worth $1,094,000 after buying an additional 109,713 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PTEN has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Patterson-UTI Energy in a research report on Tuesday, May 26th. Zacks Research cut shares of Patterson-UTI Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Capital One Financial upgraded shares of Patterson-UTI Energy from an “equal weight” rating to an “overweight” rating and set a $12.00 target price for the company in a report on Monday, April 20th. The Goldman Sachs Group lifted their price target on shares of Patterson-UTI Energy from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Susquehanna dropped their price target on Patterson-UTI Energy from $14.00 to $12.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Patterson-UTI Energy presently has a consensus rating of “Hold” and an average price target of $12.15.

About Patterson-UTI Energy

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.