$PTEN

Patterson-UTI Energy Inc. is expected to report Q3 earnings on Wednesday, with analysts forecasting EPS of $0.04 and revenue of $1.31B. The company aims to return to profitability after a loss last quarter. Shares have risen 80% YTD but pulled back 9.6% recently. Analysts have a consensus price target of $13.93, implying 14% upside. Investors will watch rig utilization, pricing trends, and completion services margins.

UBS maintained a Hold rating on Patterson-UTI (PTEN) with a $13.00 price target. Morgan Stanley also rated it Hold, while RBC Capital kept a Buy rating. PTEN reported Q2 revenue of $1.23B and a net loss of $19.6M. Insider sentiment is negative, with CEO selling shares.

Elanco Animal Health (ELAN) fell 3.36% after Jefferies downgraded it to hold and cut its price target. Patterson-UTI (PTEN) dropped 3.49% due to lower oil prices. GE Aerospace (GE) declined 3.67% following strong Q3 earnings, while Howmet Aerospace (HWM) fell 3.82% on lack of new catalysts.

Patterson-UTI Energy (PTEN) reported an average of 103 active drilling rigs in September 2026, with a quarterly average of 101 rigs. The company's P/S ratio is 0.93, slightly above its historical median, reflecting modest growth expectations. PTEN's GF Score is 58/100, indicating moderate financial health. Insiders have sold $33.9 million in shares over the past year, with no insider buying.

Patterson-UTI Energy (PTEN) will host its Q3 2026 earnings call on Oct 29, 2026, at 9:00 a.m. CT. The discussion will cover results for the quarter ended Sep 30, 2026. The webcast will be available on the company's investor relations website, with a replay available for one year.

Wall Street analysts issued upgrades, downgrades, and initiations for several companies. Abbott Laboratories (ABT) was upgraded to Buy with a $127 target, Airbnb (ABNB) to Overweight with a $191 target, and Cerebras Systems (CBRS) to Buy with a $209 target. Downgrades included Edison International (EIX) to Underperform with a $42 target and Northrop Grumman (NOC) to Sector Perform with a $525 target. Coinbase Global (COIN) was initiated with an Equal Weight rating and a $200 target.

UBS resumed coverage of Patterson-UTI Energy (PTEN) with a neutral rating and $13.00 price target. The stock trades at $11.30, with a Fair Value of $13.29. PTEN reported Q2 revenue of $1.23B, up 10% QoQ, exceeding expectations. EBITDA is projected to grow to $1,158M by 2028. Piper Sandler maintains an Overweight rating with a $14.00 target.

Hendricks William Andrew JR (President & CEO) sold 250,000 shares of PATTERSON UTI ENERGY INC (PTEN) at $11.91 ($2.98M total) on 2026-09-18 under a Rule 10b5-1 trading plan.

NESR (NASDAQ:NESR) reported fastest revenue growth, stock up 12.6%. Select Water Solutions (NYSE:WTTR) revenues up 8.7%, stock up 9%. ProPetro (NYSE:PUMP) revenues down 6.2%, stock down 1.8%. World Kinect (NYSE:WKC) revenues up 50.3%, stock up 1.3%. Patterson-UTI (NASDAQ:PTEN) revenues flat, stock up 38.3%.

Alphabet (GOOGL) paid $0.22 per share on September 14, 2026, part of its $0.88 annualized dividend. Exelon (EXC) and Patterson-UTI (PTEN) each paid $0.42 and $0.10 per share on September 15, 2026, respectively, with annualized dividends of $1.68 and $0.40. All three companies have different business models and dividend policies.