Stifel Reiterates Buy Rating on Patterson-UTI Energy
Stifel maintains its buy rating for Patterson-UTI Energy with a $15 target.
Key Points
- Stifel reiterated its buy rating on Patterson-UTI Energy, Inc. with a price target of $15 as of June 16, 2026.
- Patterson-UTI Energy shares traded at $10.71, with a market cap of about $3.93 billion and a forward P/E of 104.85.
- Insider activity included several sales by executives; analysts maintain a buy consensus with a target mean price of $13.18.
On June 16, 2026, Stifel reiterated its buy rating on Patterson-UTI Energy, Inc. (NasdaqGS: PTEN), setting a price target of $15. Analyst Stephen Gengaro's continued confidence in the company comes as its shares trade around $10.71.
Other Institutional Activity in Patterson-UTI Energy
Several institutional investors have adjusted their positions in Patterson-UTI Energy. BlackRock, Inc. increased its holdings by 2,576,941 shares, bringing its total to approximately 60.88 million shares valued at about $659.37 million. Dimensional Fund Advisors LP also boosted its stake by 2,745,872 shares, ending up with 21.21 million shares worth around $229.73 million. Meanwhile, American Century Companies Inc. added 669,812 shares, reaching a total of 16.41 million shares valued at about $177.68 million.
Patterson-UTI Energy Stock Snapshot
Shares of NasdaqGS:PTEN are trading near $10.71. The company has a market capitalization of approximately $3.93 billion and a forward P/E ratio of 104.85. Its beta is 0.599, suggesting lower volatility compared to the market. The stock's 52-week range is between $5.10 and $13.08, with a 50-day moving average of $11.44 and a 200-day moving average of $8.15. Patterson-UTI's current ratio stands at 1.836, and its quick ratio is 1.547, with a debt-to-equity ratio of 40.082.
Recent Earnings
Patterson-UTI Energy reported revenue of $4.66 billion, though it experienced a revenue decline of 12.7%. The company posted a negative EPS of -$0.30, contributing to a net margin of -2.56% and a return on equity of -3.6%. The next earnings release is expected on July 22, 2026.
Dividend
The company offers a dividend rate of $0.40 per year, yielding 3.87%. Its dividend payout ratio is high at 213.33%, indicating it pays more in dividends than it earns per share.
Insider Buying and Selling at Patterson-UTI Energy, Inc.
Recent insider transactions at Patterson-UTI Energy include several sales. On June 9, 2026, Chief Accounting Officer Robinson Forrest sold 5,749 shares at an average price of $11.90. On the same day, he acquired 20,833 shares at no cost. On June 8, 2026, Forrest also sold 13,670 shares at $12.01 each. President & CEO William Andrew Hendricks Jr. sold 200,000 shares at $11.64 on June 5, 2026.
Analysts Set New Price Targets
On June 16, 2026, Stifel maintained its buy rating for Patterson-UTI Energy with a $15 price target. Earlier, on June 4, 2026, Goldman Sachs also reiterated a buy rating, setting a target of $13. RBC Capital maintained its buy rating with a $15 target on May 29, 2026. The consensus recommendation is a buy, with an average target price of $13.18 based on 14 analyst opinions.
About Patterson-UTI Energy
Patterson-UTI Energy, Inc., based in Houston, Texas, provides drilling and completion services for oil and gas companies. It operates in the United States, Canada, and Colombia, offering services through its Drilling Services, Completion Services, and Drilling Products segments. The company, led by CEO William Andrew Hendricks Jr., employs around 7,900 people.
Bottom Line
Stifel's reiterated buy rating for Patterson-UTI Energy reflects confidence in its future prospects, despite recent financial challenges. The stock's current trading price and market conditions provide context for investors. As always, 13F and analyst ratings are backward-looking and may not reflect current conditions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.