In a filing, Patterson-UTI Energy Inc revealed its Director STEWART JAMES CARL unloaded Company’s shares for reported $0.41 million on Jun 02 ’25. In the deal valued at $5.51 per share,74,500 shares were sold. As a result of this transaction, STEWART JAMES CARL now holds 925,254 shares worth roughly $5.39 million.
Then, STEWART JAMES CARL sold 5,500 shares, generating $32,890 in total proceeds. Upon selling the shares at $5.98, the Director now owns 999,754 shares.
Before that, JCS Partners LP bought 80,000 shares. Patterson-UTI Energy Inc shares valued at $480,000 were divested by the Director at a price of $6.00 per share.
Piper Sandler initiated its Patterson-UTI Energy Inc [PTEN] rating to a Neutral in a research note published on July 15, 2025; the price target was $7. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. Raymond James also remained covering PTEN and has decreased its forecast on January 06, 2025 with a “Mkt perform” recommendation from previously “Strong buy” rating. Goldman revised its rating on December 13, 2024. It rated PTEN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PTEN
On Monday, Patterson-UTI Energy Inc [NASDAQ:PTEN] saw its stock fall -1.85% to $5.83. Over the last five days, the stock has lost -7.46%. Patterson-UTI Energy Inc shares have fallen nearly -47.00% since the year began. Nevertheless, the stocks have fallen -29.42% over the past one year.
How much short interest is there in Patterson-UTI Energy Inc?
A steep rise in short interest was recorded in Patterson-UTI Energy Inc stocks on 2025-06-13, growing by 9.97 million shares to a total of 37.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-15 was 27.68 million shares. There was a rise of 26.49%, which implies that there is a positive sentiment for the stock.
