Why These Energy Stocks are Gaining This Week

2. Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Share Price Gains Between Oct. 17 and Oct. 24: 20.33%

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) shot up after the company announced better-than-expected results for its third quarter 2025 on October 23, beating forecasts in both earnings and revenue. Moreover, the company announced a quarterly dividend of $0.08 per share, reflecting its commitment to shareholder returns.

With the company beating consensus in its Q3 reports and presenting a Q4 guidance above its pre-release forecast, Stifel raised its price target on Patterson-UTI Energy, Inc. (NASDAQ:PTEN) from $8 to $9, while keeping a ‘Buy’ rating on its shares.