Patterson-UTI Holds Annual Stockholders Meeting June 2025

Patterson-UTI ( (PTEN) ) has issued an update.

On June 5, 2025, Patterson-UTI Energy, Inc. held its Annual Meeting of Stockholders, where 353,304,006 of the 385,978,013 outstanding shares were represented. During the meeting, eleven directors were elected to the board, PricewaterhouseCoopers LLP was ratified as the independent accounting firm for 2025, and the compensation of named executive officers was approved on an advisory basis. These decisions reflect the company’s ongoing governance and operational strategies, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (PTEN) stock is a Buy with a $11.00 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 score reflects its current challenges and potential opportunities. The company struggles with profitability but maintains a strong balance sheet with no debt and positive cash flows. Technical analysis indicates a bearish trend, adding to the caution. While valuation is hindered by net losses, the dividend yield remains attractive. The earnings call provides some optimism with stable financials and strategic initiatives, though external factors like commodity price volatility pose risks. The recent corporate appointment adds a positive note to the company’s strategic direction.

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

More about Patterson-UTI

Patterson-UTI Energy, Inc. operates in the energy sector, primarily focusing on providing onshore drilling services, pressure pumping services, and directional drilling services to oil and natural gas exploration and production companies in North America.

Average Trading Volume: 13,727,712

Technical Sentiment Signal: Sell

Current Market Cap: $2.22B

Find detailed analytics on PTEN stock on TipRanks’ Stock Analysis page.