The share price of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) surged by 14% between June 5 and June 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.
A drilling site in the wilds of nature, highlighting the company’s commitment to exploration.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries.
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) received a boost after the company revealed in its recent investor presentation that it expects stronger adjusted free cash flow in the second half of 2025, with a flexible capital expenditure budget. Moreover, the company has a target to return at least 50% of this adjusted free cash flow to shareholders, supported by a strong capital structure with no senior note maturities until 2028.
It was also reported last week that analysts at RBC Capital have maintained their ‘Outperform’ rating on Patterson-UTI Energy, Inc. (NASDAQ:PTEN), while reiterating a price target of $9.5.
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Disclosure: None.
