Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between Feb. 2 and Feb. 9: 14.62%

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 select countries.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported its Q4 2025 results on February 4, with the company beating estimates in both earnings and revenue. Notably, the firm generated $416 million in adjusted free cash flow for full-year 2025, with Q4 marking its highest adjusted free cash flow quarter since completing its strategic transformation in 2023. The robust free cash flow profile allowed PTEN to raise its quarterly dividend by 25% to $0.10 per share, payable on March 16 to holders of record as of March 2, 2026.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) further received a lift on February 6 when Susquehanna raised its price target on the stock from $8 to $10, while maintaining a ‘Positive’ rating on the shares. The revised target, which indicates a 15% upside from current levels, comes as the analyst firm updated its model following Q4 results, with free cash flow remaining a standout. Similarly, analysts at Piper Sandler, Citi, Barclays, and Stifel have raised their price targets on PTEN over the past few days following the company’s Q4 report.