Patterson-UTI (PTEN) Falls 8% as Energy Stocks Lose Momentum [Yahoo! Finance]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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Source: Yahoo! Finance
Patterson-UTI fell by 8.01 percent on Wednesday to close at $10.33 apiece, mirroring the decline in energy shares after the US and Iran agreed to a two-week ceasefire. Patterson-UTI Energy Inc. (NASDAQ:PTEN), a leading oil and gas drilling company, declined alongside its counterparts after the prices of benchmark crude oil plunged by 15 percent in intraday trading following President Donald Trump's announcement that the US and Iran would hold a two-week ceasefire on condition that the latter reopens the Strait of Hormuz. PTEN Photo from Patterson-UTI website The Strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping giants were forced to look for alternative paths to transport the said commodities. Patterson-UTI Energy Inc. (NASDAQ:PTEN) similarly benefited from the higher oil prices over th
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PTEN
News
- Patterson-UTI Energy (PTEN) had its price target raised by Susquehanna from $10.00 to $13.00. They now have a "positive" rating on the stock.MarketBeat
- Is Allspring's PTEN Trim Hinting At A Shift In Patterson-UTI's Efficiency-Driven Investment Story? [Yahoo! Finance]Yahoo! Finance
- Assessing Patterson UTI Energy (PTEN) Valuation After Strong Recent Share Price Gains [Yahoo! Finance]Yahoo! Finance
- Middle East Tensions And Fund Exit Shape Patterson UTI Energy Outlook [Yahoo! Finance]Yahoo! Finance
- Signia Small Cap Value Strategy Decided to Divest Its Holdings in Patterson-UTI (PTEN) [Yahoo! Finance]Yahoo! Finance
PTEN
Earnings
- 2/4/26 - Beat
PTEN
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/18/26 - Form 4
- 3/16/26 - Form 144
- PTEN's page on the SEC website