Analysts’ Recent Ratings Updates for Patterson-UTI Energy (PTEN)

Patterson-UTI Energy (NASDAQ: PTEN) recently received a number of ratings updates from brokerages and research firms:

• 6/4/2026 – Patterson-UTI Energy had its price target raised by The Goldman Sachs Group, Inc. from $11.00 to $13.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Patterson-UTI Energy had its price target raised by Royal Bank Of Canada from $14.00 to $15.00. They now have an “outperform” rating on the stock.
• 5/27/2026 – Patterson-UTI Energy was upgraded by KeyCorp to “overweight”.
• 5/27/2026 – Patterson-UTI Energy had its price target raised by Piper Sandler from $12.00 to $13.00. They now have a “neutral” rating on the stock.
• 5/27/2026 – Patterson-UTI Energy had its price target raised by Susquehanna from $13.00 to $14.00. They now have a “positive” rating on the stock.
• 5/26/2026 – Patterson-UTI Energy had its “sell (d+)” rating reaffirmed by Weiss Ratings.
• 5/7/2026 – Patterson-UTI Energy was upgraded by Barclays PLC from “equal weight” to “overweight”. They now have a $15.00 price target on the stock, up from $10.00.
• 4/27/2026 – Patterson-UTI Energy had its price target raised by Barclays PLC from $8.00 to $10.00. They now have an “equal weight” rating on the stock.
• 4/27/2026 – Patterson-UTI Energy had its price target raised by Piper Sandler from $10.00 to $12.00. They now have a “neutral” rating on the stock.
• 4/24/2026 – Patterson-UTI Energy had its price target raised by Royal Bank Of Canada from $12.00 to $14.00. They now have an “outperform” rating on the stock.
• 4/24/2026 – Patterson-UTI Energy had its price target raised by Stifel Nicolaus from $11.00 to $14.00. They now have a “buy” rating on the stock.
• 4/20/2026 – Patterson-UTI Energy was upgraded by Capital One Financial Corporation from “equal weight” to “overweight”. They now have a $12.00 price target on the stock.
• 4/15/2026 – Patterson-UTI Energy had its price target raised by Citigroup Inc. from $9.00 to $11.00. They now have a “neutral” rating on the stock.
• 4/15/2026 – Patterson-UTI Energy had its price target raised by The Goldman Sachs Group, Inc. from $9.00 to $11.00. They now have a “buy” rating on the stock.
• 4/15/2026 – Patterson-UTI Energy had its price target raised by Morgan Stanley from $7.00 to $10.00. They now have an “equal weight” rating on the stock.
• 4/15/2026 – Patterson-UTI Energy had its price target raised by Piper Sandler from $9.00 to $10.00. They now have a “neutral” rating on the stock.
• 4/10/2026 – Patterson-UTI Energy was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/7/2026 – Patterson-UTI Energy had its price target raised by Susquehanna from $10.00 to $13.00. They now have a “positive” rating on the stock.

Patterson-UTI Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, June 1st. Patterson-UTI Energy’s payout ratio is presently -129.03%.

Insiders Place Their Bets

In other Patterson-UTI Energy news, Director Robert Wayne Drummond, Jr. sold 322,699 shares of Patterson-UTI Energy stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $12.04, for a total transaction of $3,885,295.96. Following the transaction, the director owned 1,190,248 shares of the company’s stock, valued at $14,330,585.92. The trade was a 21.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William Andrew Hendricks, Jr. sold 250,000 shares of Patterson-UTI Energy stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $11.85, for a total value of $2,962,500.00. Following the transaction, the chief executive officer directly owned 2,823,103 shares in the company, valued at approximately $33,453,770.55. This trade represents a 8.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 958,949 shares of company stock worth $11,107,535. Insiders own 2.20% of the company’s stock.

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.