# Patterson-UTI Energy (PTEN) — News PTEN · NASDAQ · Stock Canonical page: https://www.lighthorse.io/tickers/pten/news ## Recent headlines - [US energy producer Nabep says it received two drilling rigs in Venezuela last week - Release](https://www.ainvest.com/news/energy-producer-nabep-received-drilling-rigs-venezuela-week-release-2610) — AInvest Wire, Oct 13, 2026 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… - [Energyx signs 10-year lithium deal with Trafigura](https://www.ainvest.com/news/energyx-signs-10-year-lithium-deal-trafigura-2610) — AInvest Wire, Oct 12, 2026 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… - [Patterson-UTI Energy Inc: UBS initiates coverage with neutral rating and target price $13](https://www.ainvest.com/news/patterson-uti-energy-ubs-initiates-coverage-neutral-rating-target-price-13-2610) — AInvest Wire, Oct 2, 2026 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 .… - [Moody's Ratings revises Patterson Companies' outlook to negative from stable; affirms B2 CFR](https://www.ainvest.com/news/moody-ratings-revises-patterson-companies-outlook-negative-stable-affirms-b2-cfr-2609) — AInvest Wire, Sep 24, 2026 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… - [Patterson-UTI Energy Inc: Citigroup raises target price to $13.5 from $10.5](https://www.ainvest.com/news/patterson-uti-energy-citigroup-raises-target-price-13-5-10-5-2609) — AInvest Wire, Sep 4, 2026 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… ## Similar Stocks - [HP](https://www.lighthorse.io/tickers/hp) — Helmerich & Payne, Inc. Common Stock - [HAL](https://www.lighthorse.io/tickers/hal) — Halliburton Company Common Stock - [NBR](https://www.lighthorse.io/tickers/nbr) — Nabors Industries Ltd. - [RES](https://www.lighthorse.io/tickers/res) — RPC, Inc. Common Stock - [CHRD](https://www.lighthorse.io/tickers/chrd) — Chord Energy Corporation - Common Stock - [MTDR](https://www.lighthorse.io/tickers/mtdr) — Matador Resources Company Common Stock - [PDS](https://www.lighthorse.io/tickers/pds) — Precision Drilling Corporation Common Stock - [MUR](https://www.lighthorse.io/tickers/mur) — Murphy Oil Corporation Common Stock - [OVV](https://www.lighthorse.io/tickers/ovv) — Ovintiv Inc. (DE) --- Light Horse does not author, endorse or verify the headlines, and their appearance here is not an endorsement of any view they express. This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness. Data provided by [AInvest](https://www.ainvest.com).