Right here is Why Patterson-UTI Power (PTEN) Gained This Week
The share value of Patterson-UTI Power, Inc. (NASDAQ:PTEN) surged by 14% between June 5 and June 12, 2025, placing it among the many Power Shares that Gained the Most This Week. Let’s shed some gentle on the event.
A drilling web site within the wilds of nature, highlighting the corporate’s dedication to exploration.
Patterson-UTI Power, Inc. (NASDAQ:PTEN) is a number one supplier of drilling and completion companies to grease and pure fuel exploration and manufacturing firms in america and different choose nations.
Patterson-UTI Power, Inc. (NASDAQ:PTEN) acquired a lift after the corporate revealed in its current investor presentation that it expects stronger adjusted free money stream within the second half of 2025, with a versatile capital expenditure price range. Furthermore, the corporate has a goal to return a minimum of 50% of this adjusted free money stream to shareholders, supported by a robust capital construction with no senior notice maturities till 2028.
It was additionally reported final week that analysts at RBC Capital have maintained their ‘Outperform’ score on Patterson-UTI Power, Inc. (NASDAQ:PTEN), whereas reiterating a value goal of $9.5.
Whereas we acknowledge the potential of PTEN as an funding, we consider sure AI shares supply larger upside potential and carry much less draw back danger. Should you’re on the lookout for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
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Disclosure: None.
