Here is Why Patterson-UTI Energy (PTEN) Fell This Week

The share price of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) fell by 9.31% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) fell this week following a strong bearish sentiment surrounding the entire oil and gas services sector, as drilling activity slows down amid falling crude oil prices. As a result, analysts expect the sector to post a sharp decline in the upcoming Q2 2025 earnings season.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) also came under pressure after Stifel lowered the stock’s price target from $13 to $12, reflecting the analyst’s bearish stance of the overall oilfield services sector, which has significantly lagged behind the broader market so far this year.

With a hefty annual dividend yield of 5.39% as of the writing of this piece, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) was also recently included in our list of 12 Best Oil and Gas Dividend Stocks to Buy Now.

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Disclosure: None.