Jim Cramer on Patterson-UTI: "It's Just a Flat-Out No on This Show

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is one of the stocks Jim Cramer shared his take on. Answering a caller’s query about the stock, Cramer remarked:

“No, no we’re not…. No, oil and gas… it’s just a flat-out no on this show. We are just not, we’ve not recommended those stocks for a very long time, and we’re not going to do it this year.”

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) helps oil and gas companies drill and finish wells. The company provides hands-on drilling work and on-site support services. In addition, it offers hydraulic fracturing, completion help, power and logistics solutions, and supplies drill bits and other oilfield tools. On December 9, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported an average of 93 drilling rigs operating during November 2025 in the United States. For the two months ended November 30, 2025, the average count was 94 rigs earning revenue under drilling contracts.

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Disclosure: None. This article is originally published at Insider Monkey.