Here is Why Patterson-UTI Energy (PTEN) Fell This Week

The share price of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) fell by 9.31% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Here is Why Patterson-UTI Energy (PTEN) Fell This Week

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) fell this week following a strong bearish sentiment surrounding the entire oil and gas services sector, as drilling activity slows down amid falling crude oil prices. As a result, analysts expect the sector to post a sharp decline in the upcoming Q2 2025 earnings season.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) also came under pressure after Stifel lowered the stock’s price target from $13 to $12, reflecting the analyst’s bearish stance of the overall oilfield services sector, which has significantly lagged behind the broader market so far this year.

With a hefty annual dividend yield of 5.39% as of the writing of this piece, Patterson-UTI Energy, Inc. (NASDAQ:PTEN) was also recently included in our list of 12 Best Oil and Gas Dividend Stocks to Buy Now.

While we acknowledge the potential of PTEN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PTEN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into.

Disclosure: None.