Patterson-UTI Energy (PTEN) news
Recent news
US energy producer Nabep says it received two drilling rigs in Venezuela last week - Release
North American Blue Energy Partners (NABEP), a U.S.-backed energy firm operating in Venezuela, announced last week that it received two additional drilling rigs to support its expansion in the country’s oil sector. This acquisition is part of NABEP’s broader strategy to challenge Chevron’s position…
AInvest Wire · 2d agoEnergyx signs 10-year lithium deal with Trafigura
Trafigura, a Singapore-based multinational commodities trading company, has entered into a 10-year offtake agreement with Energyx, a lithium producer, to supply battery-grade lithium carbonate. The deal is part of Trafigura’s broader strategy to strengthen supply chains for critical minerals…
AInvest Wire · 3d agoPatterson-UTI Energy Inc: UBS initiates coverage with neutral rating and target price $13
UBS has resumed coverage of Patterson-UTI Energy Inc. (PTEN) with a neutral rating and a target price of $13 per share. The decision follows a period of no coverage for the stock, and the firm’s analysts have indicated that while the company’s operations remain viable, warrant a cautious outlook .…
AInvest Wire · Oct 2, 2026Moody's Ratings revises Patterson Companies' outlook to negative from stable; affirms B2 CFR
Moody's Ratings has revised the outlook for Patterson Companies to "negative" from "stable," while affirming its corporate family rating (CFR) at B2. The downgrade in outlook reflects concerns about the company's financial stability and its ability to maintain current creditworthiness amid evolving…
AInvest Wire · Sep 24, 2026Patterson-UTI Energy Inc: Citigroup raises target price to $13.5 from $10.5
On September 4, 2026, Citigroup raised its price target for Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to $13.50 from $10.50, signaling a more optimistic outlook for the company. The adjustment reflects Citi’s updated analysis of the land drilling sector, which remains at a pivotal stage amid…
AInvest Wire · Sep 4, 2026Light Horse does not author, endorse or verify the headlines, and their appearance here is not an endorsement of any view they express.
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