Weekly Analysts’ Ratings Changes for Patterson-UTI Energy (PTEN)

A number of firms have modified their ratings and price targets on shares of Patterson-UTI Energy (NASDAQ: PTEN) recently:

• 8/5/2026 – Patterson-UTI Energy had its price target raised by Barclays PLC from $15.00 to $16.00. They now have an “overweight” rating on the stock.
• 8/3/2026 – Patterson-UTI Energy had its price target raised by Susquehanna from $12.00 to $13.00. They now have a “positive” rating on the stock.
• 7/31/2026 – Patterson-UTI Energy was upgraded by JPMorgan Chase & Co. from “underweight” to “neutral”. They now have a $12.00 price target on the stock.
• 7/29/2026 – Patterson-UTI Energy was upgraded by Zacks Research from “hold” to “strong-buy”.
• 7/14/2026 – Patterson-UTI Energy was upgraded by Piper Sandler from “neutral” to “overweight”. They now have a $13.00 price target on the stock.
• 7/8/2026 – Patterson-UTI Energy had its price target lowered by Susquehanna from $14.00 to $12.00. They now have a “positive” rating on the stock.
• 6/29/2026 – Patterson-UTI Energy had its price target lowered by Citigroup Inc. from $11.00 to $10.50. They now have a “neutral” rating on the stock.
• 6/16/2026 – Patterson-UTI Energy had its price target raised by Stifel Nicolaus from $14.00 to $15.00. They now have a “buy” rating on the stock.
• 6/15/2026 – Patterson-UTI Energy was downgraded by Zacks Research from “strong-buy” to “hold”.

Patterson-UTI Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.6%. Patterson-UTI Energy’s payout ratio is currently -173.91%.

Insider Buying and Selling at Patterson-UTI Energy

In related news, COO James Michael Holcomb sold 150,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $11.47, for a total transaction of $1,720,500.00. Following the completion of the sale, the chief operating officer owned 421,523 shares of the company’s stock, valued at $4,834,868.81. This represents a 26.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Forrest C. Robinson sold 13,670 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $12.01, for a total transaction of $164,176.70. Following the sale, the chief accounting officer directly owned 56,842 shares in the company, valued at $682,672.42. The trade was a 19.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 363,670 shares of company stock valued at $4,212,677. 2.20% of the stock is currently owned by insiders.

Patterson-UTI Energy provides a comprehensive suite of onshore contract drilling and pressure pumping services to exploration and production companies in North America. The company’s core offerings include land-based drilling rigs, directional drilling, hydraulic fracturing services, downhole tool rental and well-servicing equipment. By integrating drilling and completion capabilities, Patterson-UTI Energy offers operators a streamlined solution designed to improve operational efficiency and well performance.

Headquartered in Houston, Texas, Patterson-UTI Energy traces its origins to its founding in 1978 and was later incorporated in Delaware in 1996.