Patterson-UTI Energy (PTEN) Soars Following Q3 Results

The share price of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) surged by 20.33% between October 17 and October 24, 2025, putting it among the Energy Stocks that Gained 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) shot up after the company announced better-than-expected results for its third quarter 2025 on October 23, beating forecasts in both earnings and revenue. Moreover, the company announced a quarterly dividend of $0.08 per share, reflecting its commitment to shareholder returns.

With the company beating consensus in its Q3 reports and presenting a Q4 guidance above its pre-release forecast, Stifel raised its price target on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) from $8 to $9, while keeping a ‘Buy’ rating on its shares.

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