Patterson-UTI Energy (PTEN) Gets Bullish Stance From Analyst Following Q3 Results

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is included among the 11 Best High Yield Energy Stocks to Buy Now.

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) announced better-than-expected results for its third quarter on October 23, beating forecasts in both earnings and revenue. Given the company reporting a resilient performance in Q3 and presenting a Q4 guidance above its pre-release forecast, Stifel raised PTEN’s price target from $8 to $9, while keeping a ‘Buy’ rating on its shares.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) returned $162 million to shareholders through dividends and share repurchases in the first three quarters of 2025. The company declared a $0.08 per share dividend for the fourth quarter of 2025 and reiterated its commitment to returning at least 50% of its annual free cash flow to shareholders.

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