Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Patterson-UTI Energy Inc shares valued at $410,495 were sold by STEWART JAMES CARL on Jun 02 ’25. At $5.51 per share, STEWART JAMES CARL sold 74,500 shares. The insider’s holdings dropped to 925,254 shares worth approximately $5.88 million following the completion of this transaction.
Also, STEWART JAMES CARL sold 5,500 shares, netting a total of over 32,890 in proceeds. Following the sale of shares at $5.98 each, the insider now holds 999,754 shares.
Before that, JCS Partners LP had added 80,000 shares to its account. In a trade valued at $480,000, the Director bought Patterson-UTI Energy Inc shares for $6.00 each.
As published in a research note from Citigroup on May 19, 2025, Patterson-UTI Energy Inc [PTEN] has been rated down from a Buy to a Neutral and the price target has been revised to $6.50. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”a Mkt perform”‘ outlook in a report released in early January. As of December 13, 2024, Goldman has increased its “Neutral” rating to a “Buy” for PTEN. Earlier on January 16, 2024, The Benchmark Company downgraded its rating. Their new recommendation was “a Hold” for PTEN stock which previously was a “a Buy”.
Analyzing PTEN Stock Performance
The stock’s lowest price that day was $6.14, but it reached a high of $6.355 in the same session. During the last five days, there has been a surge of approximately 14.00%. Over the course of the year, Patterson-UTI Energy Inc shares have dropped approximately -23.12%.
Support And Resistance Levels for Patterson-UTI Energy Inc (PTEN)
RSI (Relative Strength Index) is 60.79 on the 14-day chart, showing neutral technical sentiment.
Is Patterson-UTI Energy Inc subject to short interest?
Stocks of Patterson-UTI Energy Inc saw a sharp rise in short interest on 2025-05-30 jumping by 12.39 million shares to 36.9 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 24.51 million shares. A jump of 33.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.64 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.64.
Which companies own the most shares of Patterson-UTI Energy Inc (PTEN)?
In terms of Patterson-UTI Energy Inc share price expectations, FactSet research, analysts set an average price target of 11 in the next 12 months, up nearly 73.23% from the previous closing price of $6.35. Analysts anticipate Patterson-UTI Energy Inc stock to reach 13 by 2025, with the lowest price target being 9. In spite of this, 10 analysts ranked Patterson-UTI Energy Inc stock as Buy at the end of 2025. On December 19, 2023, Goldman assigned a price target of “a Neutral” to the stock and initiated coverage with a $12.
