JP Morgan has downgraded Patterson-UTI Energy Inc (PTEN) to Underweight from Neutral as of December 9, 2025. The current price stands at $6.28.
This move underscores increased caution regarding the company's outlook, potentially reflecting concerns about competitive pressures and market conditions that could impact performance.
Patterson-UTI Energy, headquartered in Houston, Texas, provides drilling and pressure pumping services, along with directional drilling and rental equipment. The company employs 9,200 full-time staff and operates in major U.S. oil and gas basins.
The firm has a market cap of $2.4 billion and reported an EPS (TTM) of -0.35, with a notable dividend yield of 510.4%. Upcoming earnings are scheduled for July 22, 2026, with an EPS estimate of -0.09 and revenue expected at $1.1 billion.
Analyst ratings and price targets represent professional opinions based on research. While they can provide useful insights, these assessments depend on assumptions that may not materialize. Investment decisions should consider multiple factors, including company fundamentals and industry trends. Analyst views should be just one input in the decision-making process.
The analyst consensus for Patterson-UTI Energy Inc remains a Buy, with 4 Strong Buy, 8 Buy, 9 Hold, 1 Sell, and no Strong Sell ratings as of December 1, 2025. Recent actions include a downgrade by JP Morgan and a maintenance rating by RBC Capital.
Such decisions reflect the dynamic nature of market conditions, with analysts adjusting their perspectives as new information emerges.