Patterson-UTI Energy stock gets a Q1 EPS estimate lift

Published on 10/08/2026 at 05:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Patterson-UTI Energy stock closed at USD 11.23 on October 7, 2026, while Zacks raised its Q1 2027 EPS forecast. Sixteen analysts set a Moderate Buy consensus.

PTEN, US7034811015, Illustration mit AI erstellt.

Patterson-UTI Energy (ISIN US7034811015) stock closed at USD 11.23 on Nasdaq on October 7, 2026, down 1.58 percent from the previous close of USD 11.41. The latest analyst revision points to a smaller expected loss in the company's next reported quarter.

Q1 forecast improves to minus USD 0.02

According to MarketBeat on October 7, 2026, Zacks Research lifted its Q1 2027 EPS forecast for Patterson-UTI Energy to a loss of USD 0.02 from a prior forecast loss of USD 0.04. Zacks kept a Hold rating on the shares.

The revision is a forecast comparison, not a reported result. It places the next-quarter estimate below the loss expected in the earlier Zacks forecast, while the broader analyst picture remains more constructive.

Moderate Buy consensus targets USD 13.14

MarketBeat lists a Moderate Buy consensus from 16 analysts, including nine Buy ratings, six Hold ratings and one Sell rating. The average price target is USD 13.14, with a published range of USD 10.00 to USD 16.00.

Against the October 7 close of USD 11.23, the average target lies 17.0 percent above the price. That spread gives the consensus a measurable upside bias, although the rating mix still includes six Hold calls and one Sell call.

Q2 revenue reached USD 1.23 billion

In its August 28, 2026 report, Zacks said Patterson-UTI generated USD 1.23 billion of revenue in the second quarter of 2026, 7 percent above the USD 1.15 billion consensus estimate. Adjusted earnings were break-even, compared with a consensus loss of USD 0.03 per share.

The same report identified Completion Services as a key contributor, with segment revenue of USD 753.6 million, up 4.8 percent from USD 719.3 million in the year-ago quarter. Drilling Products revenue rose 3.3 percent to USD 91.3 million, while Drilling Services revenue fell 7.5 percent to USD 373.5 million.

PTEN remains below its yearly high

PTEN's October 7 close stood within a 52-week range of USD 5.24 to USD 13.39. The stock's market capitalization was USD 4.3 billion and trading volume was 5,046,340 shares on that session.