Patterson-UTI Energy Inc [PTEN] short interest falls, dropping by 28.78 million million shares

Roman Campbell

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Patterson-UTI Energy Inc shares valued at $2,161,651 were sold by STEWART JAMES CARL on Dec 18 ’25. At $5.87 per share, STEWART JAMES CARL sold 368,254 shares. The insider’s holdings dropped to 207,000 shares worth approximately $1.48 million following the completion of this transaction.

Also, STEWART JAMES CARL sold 350,000 shares, netting a total of over 2,054,500 in proceeds. Following the sale of shares at $5.87 each, the insider now holds 575,254 shares.

Before that, JCS Partners LP had added 718,254 shares to its account. In a trade valued at $4,300,000, the Director bought Patterson-UTI Energy Inc shares for $5.99 each.

As published in a research note from JP Morgan on December 10, 2025, Patterson-UTI Energy Inc [PTEN] has been rated down from a Neutral to an Underweight and the price target has been revised to $6. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid October. As of July 15, 2025, Piper Sandler has initiated its “Neutral” rating for PTEN. Earlier on May 19, 2025, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for PTEN stock which previously was a “a Buy”.

Analyzing PTEN Stock Performance

On last trading session, Patterson-UTI Energy Inc [NASDAQ: PTEN] plunged -0.28% to $7.13. The stock’s lowest price that day was $7.105, but it reached a high of $7.455 in the same session. During the last five days, there has been a surge of approximately 7.87%. Over the course of the year, Patterson-UTI Energy Inc shares have dropped approximately -17.86%.

Is Patterson-UTI Energy Inc subject to short interest?

Stocks of Patterson-UTI Energy Inc saw a sharp steep in short interest on 2025-12-31 dropping by -11.35 million shares to 28.78 million. Data from Yahoo Finance shows that the short interest on 2025-11-28 was 40.14 million shares. A decline of -39.44% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.58 of the overall float, the days-to-cover ratio (short ratio) decline to 3.58.

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 6.5 in the next 12 months, down nearly -9.09% from the previous closing price of $7.15. Analysts anticipate Patterson-UTI Energy Inc stock to reach 9 by 2026, with the lowest price target being 6. In spite of this, 10 analysts ranked Patterson-UTI Energy Inc stock as Buy at the end of 2026.

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