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 $6.07 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
On last trading session,, Patterson-UTI Energy Inc [NASDAQ: PTEN] rose 0.46% to $6.56. The stock’s lowest price that day was $6.365, but it reached a high of $6.585 in the same session. During the last five days, there has been a surge of approximately 3.31%. Over the course of the year, Patterson-UTI Energy Inc shares have dropped approximately -32.65%. Shares of the company reached a 52-week high of $9.57 on 01/17/25 and a 52-week low of $5.12 on 04/07/25.
Support And Resistance Levels for Patterson-UTI Energy Inc (PTEN)
According to the 24-hour chart, there is a support level at 6.42, which, if violated, would cause prices to drop to 6.28. In the upper region, resistance lies at 6.64. The next price resistance is at 6.72. RSI (Relative Strength Index) is 60.28 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 2025-06-13 jumping by 9.97 million shares to 37.65 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 27.68 million shares. A jump of 26.49% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.95 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.95.
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 9 in the next 12 months, up nearly 37.83% from the previous closing price of $6.53. Analysts anticipate Patterson-UTI Energy Inc stock to reach 9 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.
