Patterson-UTI Highlights Steady Operations and Share Repurchase

Patterson-UTI ( (PTEN) ) just unveiled an announcement.

In September 2025, Patterson-UTI Energy, Inc. presented an investor update highlighting its steady operational activities and financial strategies for the remainder of the year. The company reported operating 93 rigs in the U.S. and anticipates stable activity levels into the fourth quarter. Despite activity reductions in the Permian Basin, other areas have remained steady or increased. Patterson-UTI aims to enhance shareholder returns by prioritizing cost reduction, strategic technology investments, and maximizing free cash flow. The company has repurchased $22 million in shares this quarter and expects stronger cash flow in the latter half of 2025.

The most recent analyst rating on (PTEN) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Patterson-UTI stock, see the PTEN Stock Forecast page.

Spark’s Take on PTEN Stock

According to Spark, TipRanks’ AI Analyst, PTEN is a Neutral.

Patterson-UTI’s overall stock score reflects its solid financial position and potential for recovery, driven by positive cash flows and technological advancements. However, profitability challenges and market volatility weigh on the score. The attractive dividend yield provides some investor appeal despite valuation concerns.

To see Spark’s full report on PTEN stock, click here.

More about Patterson-UTI

Patterson-UTI Energy, Inc. is a leading company in the oilfield services industry, providing drilling and completion services, as well as drilling products. The company is known for its high-quality assets, including Tier-1 drilling rigs and natural gas-powered frac assets, and maintains a strong presence among the largest exploration and production companies in the U.S.

Average Trading Volume: 9,952,410

Technical Sentiment Signal: Sell

Current Market Cap: $2.24B

For an in-depth examination of PTEN stock, go to TipRanks’ Overview page.