Patterson-UTI Energy Inc. ($PTEN) Stock Forecast: Up 5.3% Today

What is Patterson-UTI Energy Inc.?

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) is a company in the energy sector with a market cap of $2.77 billion. Today, PTEN experienced a strong bullish movement in the stock market.

Why is Patterson-UTI Energy Inc. going up?

PTEN stock is up 5.3% on Jan 29, 2026 16:17

• The consensus "Hold" rating by brokerages may have initially kept the stock stable, but the recent surge of 25% indicates a shift in investor sentiment towards optimism.
• Despite the surge, the low Price-to-Sales (P/S) ratio of 0.6x compared to the industry average of 1.3x suggests caution due to declining revenue and a pessimistic outlook.
• The insider activity of Director James Carl Stewart selling shares might have raised concerns, but the overall bullish movement could be attributed to positive market sentiment or potential undisclosed positive news about the company's future prospects.

PTEN Price Chart

PTEN Technical Analysis

PTEN News

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Given Consensus Recommendation of "Hold" by Brokerages

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has received a consensus "Hold" rating from twelve brokerages, with an average 12-month price target of approximately $7.28. The company's stock trades near $7.30, with a market cap of $2.77 billion and a negative P/E ratio of -20.28. Insider activity shows Director James Carl Stewart selling a significant portion of his shares, while institutional investors collectively own 97.91% of the company's stock.

https://www.marketbeat.com/instant-alerts/patterson-uti-energy-inc-nasdaqpten-given-consensus-recommendation-of-hold-by-brokerages-2026-01-26/

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Surges 25% Yet Its Low P/S Is No Reason For Excitement

Patterson-UTI Energy, Inc. (PTEN) shares recently surged 25%, but its low Price-to-Sales (P/S) ratio of 0.6x compared to an industry average of 1.3x is not a cause for excitement due to declining revenue and a pessimistic outlook. Analysts predict a continued revenue decrease of 1.1% per year over the next three years, contrasting with the industry's expected 4.1% annual growth. This weak forecast explains the low P/S and suggests that the share price is unlikely to see strong growth in the near future.

https://simplywall.st/stocks/us/energy/nasdaq-pten/patterson-uti-energy/news/patterson-uti-energy-inc-nasdaqpten-surges-25-yet-its-low-ps

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Patterson-UTI Energy Inc. Price History

08.00.2026 - PTEN Stock was up 5.7%

• The positive sentiment surrounding drilling technology advancements has boosted investor confidence in PTEN's operational capacity.
• Growing interest in acquiring call options for PTEN indicates a bullish outlook on the stock, despite a director selling a substantial portion of shares.
• Analysts suggest a potential bullish breakout for PTEN above $6.50, targeting $6.75, fueling upward momentum in the stock price.
• PTEN's commitment to providing monthly updates on drilling rig operations and maintaining a strong presence in the U.S. drilling market has also contributed to the positive sentiment surrounding the company.

17.03.2025 - PTEN Stock was up 6.4%

• PTEN is projected to achieve a stronger bottom line despite experiencing lower revenues from the previous year. This is attributed to implemented cost-cutting measures, which has garnered favor with investors.
• The optimistic outlook on PTEN's profitability is believed to have influenced the upward movement of the company's stock price in the current trading session.
• Market participants are showing a keen interest in PTEN's strategies related to cost management rather than solely focusing on revenue metrics. This shift in focus suggests a changing market sentiment towards efficiency and profitability.

24.03.2025 - PTEN Stock was up 5.1%

• PTEN's bullish movement can be attributed to the company's Q1 earnings and revenues surpassing estimates, indicating strong financial performance.
• The positive outlook for the second quarter, with expectations for controlled expenses and efficient operations, likely boosted investor confidence in PTEN's future prospects.
• The market responded positively to PTEN's ability to manage costs effectively and deliver solid financial results, driving the stock price higher.

13.00.2026 - PTEN Stock was up 5.6%

• PTEN repurchased 6 million shares, demonstrating a commitment to capital returns. This move likely bolstered investor confidence in the company's financial stability and future prospects.
• Despite concerns about market conditions and profitability challenges, PTEN's positive quarterly earnings report, stable drilling activity, and consistent operations may have reassured investors about the company's ability to navigate market fluctuations.
• The focus on operational scale and liquidity, evident in the high utilization of the drilling rig fleet, could be interpreted as a strategic maneuver by PTEN to position itself for future revenue and earnings growth. This strategic move likely contributed to the bullish market movement.

25.06.2025 - PTEN Stock was down 5.6%

• PTEN reported Q2 earnings missing expectations but beating sales estimates, with a year-over-year fall.
• The company expects a slight decline in certain expenses for the upcoming quarter.
• The mixed earnings report may have led to investor disappointment and selling pressure, causing the bearish movement in the stock price.
• Investors might be concerned about the company's ability to control expenses and maintain profitability in the current market conditions.

21.09.2025 - PTEN Stock was up 5.5%

• PTEN's recent rise may be driven by expectations of lower operating costs, potentially boosting the company's financial performance.
• Investor optimism towards PTEN's resilience in turbulent market conditions and its efforts to enhance profitability is fueling increased interest in the stock.
• The positive trend in PTEN's stock price could mirror a broader market confidence in energy sector companies adopting cost-saving strategies to strengthen their financial outlook.

21.00.2026 - PTEN Stock was up 5.3%

• A significant uptick of 71.9% in holdings by the New York State Teachers Retirement System during the last quarter suggests a growing confidence in PTEN's future.
• PTEN's agreement with Archer for rig leases for drilling activities in the Vaca Muerta shale play demonstrates a strategic initiative to bolster its global presence and consolidate its position in key markets.
• The company's recent multi-year agreement to lease two drilling rigs to support operations in Argentina's Vaca Muerta basin underscores its dedication to seizing opportunities in profitable regions, further enhancing investor confidence.
• These encouraging developments, including increased institutional investment and key partnerships, are likely key drivers behind PTEN's positive stock performance today.

05.01.2025 - PTEN Stock was up 6.5%

• Market sentiment appears positive as the news of decreased costs is anticipated to enhance the company's profitability, offsetting the revenue decline.
• Investor confidence in PTEN's cost management skills is fostering a bullish trend in the stock.
• The market seems to be factoring in the prospects of enhanced profitability amidst revenue challenges, fueling the bullish momentum in PTEN.

16.11.2025 - PTEN Stock was down 5.4%

• PTEN was downgraded from Neutral to Underweight by JPMorgan due to concerns about North American spending headwinds impacting the energy services sector, which also resulted in softer 2026 capital expenditure guidance from major oil companies.
• Despite the downgrade, the company maintains a solid dividend yield of 5.06% and possesses a healthy liquidity position.
• The average number of drilling rigs operating in the US for November was 93, possibly contributing to the bearish sentiment without directly influencing financial performance.
• Analysts have reiterated a "Hold" rating on PTEN with an average price target of $7.28, reflecting a cautious outlook on the stock's future performance.

29.00.2026 - PTEN Stock was up 5.3%

• The consensus "Hold" rating by brokerages may have initially kept the stock stable, but the recent surge of 25% indicates a shift in investor sentiment towards optimism.
• Despite the surge, the low Price-to-Sales (P/S) ratio of 0.6x compared to the industry average of 1.3x suggests caution due to declining revenue and a pessimistic outlook.
• The insider activity of Director James Carl Stewart selling shares might have raised concerns, but the overall bullish movement could be attributed to positive market sentiment or potential undisclosed positive news about the company's future prospects.

23.06.2025 - PTEN Stock was up 5.4%

• Despite expectations of lower revenues, PTEN's bullish movement could be attributed to the anticipation of reduced operating costs, which may positively impact the company's bottom line.
• Investors might be optimistic about the potential cost-saving measures implemented by PTEN, leading to a bullish sentiment in the market.
• The market may be interpreting the projected decrease in operating costs as a strategic move by PTEN to enhance profitability, driving the stock price higher.

02.00.2026 - PTEN Stock was up 5.7%

• An investment firm cutting its holdings in PTEN by 18.9% could have initially raised concerns among investors, signaling a lack of confidence in the company's future prospects.
• A market analyst's strong negative recommendation on PTEN and oil and gas stocks in general might have further dampened investor sentiment, leading to a bearish outlook on the industry.
• The insider director selling a significant number of shares in December could have added to the selling pressure on PTEN, contributing to the bearish movement.
• Overall, the combination of reduced stake by a major investor, negative sentiment from a prominent market figure, and insider selling may have collectively influenced the strong bearish movement in PTEN today.