Patterson-UTI Energy Inc. ($PTEN) Stock Forecast: Down 5.4% Today

What is Patterson-UTI Energy Inc.?

Patterson-UTI Energy (NASDAQ: PTEN) operates in the oil and natural gas drilling and completion services sector. The stock exhibited a bearish movement today.

Why is Patterson-UTI Energy Inc. going down?

PTEN stock is down 5.4% on Dec 16, 2025 15:40

• 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.

PTEN Price Chart

PTEN Technical Analysis

PTEN News

Patterson-UTI Energy stock downgraded by JPMorgan on North American spending concerns

JPMorgan downgraded Patterson-UTI Energy (NASDAQ:PTEN) from Neutral to Underweight due to concerns about North American spending headwinds affecting the energy services sector. The investment bank cited expectations for softer 2026 capital expenditure guidance from major oil companies, which is likely to pressure Patterson-UTI's earnings and profit margins. Despite the downgrade, the company maintains a solid dividend yield of 5.06% and has a healthy liquidity position.

https://au.investing.com/news/analyst-ratings/pattersonuti-energy-stock-downgraded-by-jpmorgan-on-north-american-spending-concerns-93CH-4164488

Patterson-UTI reports 93 drilling rigs operating in US for November

Patterson-UTI Energy, Inc. reported an average of 93 drilling rigs operating in the United States during November 2025, and 94 rigs for the two-month period ending November 30, 2025. The company's stock is currently trading at $6.32, with analysis suggesting it is undervalued. Goldman Sachs recently raised its price target for Patterson-UTI Energy to $23.00, maintaining a Buy rating.

https://www.investing.com/news/company-news/pattersonuti-reports-93-drilling-rigs-operating-in-us-for-november-93CH-4399451

Patterson-UTI Energy (NASDAQ:PTEN) Earns Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. has reiterated an "underweight" rating for Patterson-UTI Energy (NASDAQ: PTEN), setting a $6.00 price target, which suggests a potential downside of 5.06% from its current price. The company operates in oil and natural gas drilling and completion services. The consensus rating among analysts is "Hold" with an average price target of $7.28.

https://www.marketbeat.com/instant-alerts/patterson-uti-energy-nasdaqpten-earns-underweight-rating-from-jpmorgan-chase-co-2025-12-10/

Patterson-UTI Energy stock downgraded by JPMorgan on North American spending concerns

JPMorgan downgraded Patterson-UTI Energy (NASDAQ:PTEN) from Neutral to Underweight, setting a price target of $6.00 due to concerns over North American spending headwinds in the energy services sector. The investment bank anticipates softer 2026 capital expenditure guidance from major oil companies, which is expected to pressure Patterson-UTI’s earnings and margins. Despite the downgrade, Patterson-UTI Energy offers a solid dividend yield of 5.06% and maintains a healthy liquidity position.

https://uk.investing.com/news/analyst-ratings/pattersonuti-energy-stock-downgraded-by-jpmorgan-on-north-american-spending-concerns-93CH-4410648

Patterson-UTI Reports Drilling Activity for November 2025

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported an average of 93 drilling rigs operating in the United States for November 2025. For the two months ending November 30, 2025, the company averaged 94 drilling rigs. Patterson-UTI cautions that these figures do not solely indicate financial performance, and numerous factors can impact operating results.

https://fox59.com/business/press-releases/accesswire/1115896/patterson-uti-reports-drilling-activity-for-november-2025

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Patterson-UTI Energy Inc. Price History

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.

25.09.2024 - PTEN Stock was up 6.8%

• The optimistic movement in PTEN might be linked to expected increased revenues from the previous year, signaling a positive outlook for investors.
• Despite projected lower profits due to escalating costs, investors appear more interested in the potential revenue growth, leading to an increase in the stock price.
• The market seems to be responding well to the forthcoming Q3 earnings, showing belief in the company's performance and future opportunities.

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.

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.

16.01.2024 - PTEN Stock was up 13.5%

• The bullish movement in PTEN's stock today can be attributed to the following factors:
• 1. Positive earnings forecast: PTEN has forecasted a strong 2024, indicating positive expectations for the company's future performance. This positive outlook may have attracted buyers and contributed to the bullish movement.
• 2. Strong Q4 earnings: PTEN reported strong Q4 earnings, which could have boosted investor confidence and led to increased buying activity.
• 3. Upside momentum from buyers: The stock's value rose above its previous day's close, suggesting momentum-driven buying activity. This indicates investor optimism and active efforts to push the stock price higher.
• 4. Overall market sentiment: It's important to consider the overall market sentiment for energy stocks. If there was a general positive sentiment towards the energy sector or a favorable macroeconomic environment, it could have contributed to the bullish movement in PTEN's stock.

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.

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.

17.06.2024 - PTEN Stock was up 5.7%

• PTEN experienced a bullish movement today likely due to the anticipation of higher revenues in the upcoming earnings report.
• Confidence in the company's growth outlook, evident from maintaining a buy rating on PTEN despite cutting the stock target, could have boosted investor sentiment.
• The announcement of the upcoming earnings conference call might have generated excitement and optimism among investors, leading to increased buying activity in PTEN shares.
• Despite expectations of a lower bottom line due to rising costs, the overall positive outlook and growth prospects seem to have outweighed the concerns, driving the bullish movement in PTEN.

25.06.2024 - PTEN Stock was up 5.4%

• PTEN stock showed significant upward movement today.
• Impressive financial results were reported for the quarter ended June 30, 2024, with total revenue reaching $1.3 billion and a net income of $11 million.
• Strong performance in drilling services and returning $164 million to shareholders were key factors in the positive outlook.
• Despite challenges in gas prices, PTEN's consistent outlook and strong financial performance likely enhanced investor confidence, contributing to the bullish market trends.

01.07.2024 - PTEN Stock was down 5.1%

• PTEN's Q2 earnings decline from the previous year and lower-than-expected sales suggest a weakened financial performance, resulting in a downward trend in the stock.
• The company's goal of deriving 40% of its free cash flow from adjusted EBITDA by 2024 may not have resonated well with investors, potentially influencing the pessimistic market outlook.
• Decreased earnings and lagging sales could be attributed to industry challenges like pricing pressures or diminished drilling activity, impacting PTEN's financial results and stock performance negatively.