Patterson-UTI Energy Shares Surge Following Q3 Earnings Beat and Raised Guidance
ByAinvest
Monday, Nov 3, 2025 8:14 pm ET1min read
PTEN--
Patterson-UTI Energy reported Q3 results that beat earnings and revenue forecasts, with a Q4 guidance above its pre-release forecast. Stifel raised its price target from $8 to $9 and maintained a 'Buy' rating. The company returned $162 million to shareholders through dividends and share repurchases in Q1-Q3 and plans to return at least 50% of its annual free cash flow to shareholders.
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