Why These Energy Stocks are Losing This Week

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

Share Price Decline Between July 11 – July 18: 9.31%

Next on our list of Energy Stocks Losing the Most This Week is Patterson-UTI Energy, Inc. (NASDAQ:PTEN), 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.