Patterson-UTI Energy Inc (PTEN) Downgraded by JP Morgan
JP Morgan has downgraded Patterson-UTI Energy Inc (PTEN) to Underweight from Neutral.
Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment, and technology. The company is headquartered in Houston, Texas and currently employs 9,200 full-time employees. Its Drilling Services segment provides a comprehensive suite of directional drilling services in major producing onshore oil and natural gas basins in the United States, and it provides services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. Its Completion Services segment consists of a well completion business consists of services for hydraulic fracturing, wireline and pumping, completion support, and cementing. Its Drilling Products segment engages in the manufacturing and distribution of drill bits throughout North America. The firm's drilling equipment is used in oil and natural gas exploration and production and in mining operations.
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Last Updated: Dec 12, 2025, 12:10 AM · Source: Finnhub.io
JP Morgan has downgraded Patterson-UTI Energy Inc (PTEN) to Underweight from Neutral.
Patterson-UTI Energy Inc (PTEN) announces a quarterly dividend of $0.08 per share, reflecting its ongoing commitment to shareholders.