Stifel and Barclays Reduce Targets on Patterson-UTI Energy, Inc. (PTEN)

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is included in our list of the 11 Best Single Digit Stocks to Buy According to Hedge Funds.

On July 25, 2025, Stifel reduced its price target on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) from $12 to $10, maintaining a ‘Buy’ rating. The company’s positive Q3 guidance, alongside in-line Q2 performance, boosted analyst sentiment, supported by the resilience of the company’s high-quality equipment despite industry headwinds. However, the investment firm’s revised valuation through sum-of-the-parts analysis, along with ongoing uncertainty, prompted its reduction of 2026 forecast.

Meanwhile, on July 29, Barclays trimmed its price target on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) from $8 to $7, maintaining an ‘Overweight’ rating. The investment firm noted softening activity and pricing pressures in the North American market, which will impact the company’s Q3 performance.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) offers drilling and completion services to oil and natural gas exploration and production companies globally. It is included in our list of the Best Single Digit Stocks.

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