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

The share price of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) surged by 14% between June 5 and June 12, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.

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) received a boost after the company revealed in its recent investor presentation that it expects stronger adjusted free cash flow in the second half of 2025, with a flexible capital expenditure budget. Moreover, the company has a target to return at least 50% of this adjusted free cash flow to shareholders, supported by a strong capital structure with no senior note maturities until 2028.

It was also reported last week that analysts at RBC Capital have maintained their ‘Outperform’ rating on Patterson-UTI Energy, Inc. (NASDAQ:PTEN), while reiterating a price target of $9.5.

While we acknowledge the potential of PTEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None.