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vantagefeed.com > Blog > Business > Here’s why Patterson Oti Energy (PTEN) acquired this week:
Here’s why Patterson Oti Energy (PTEN) acquired this week:
Business

Here’s why Patterson Oti Energy (PTEN) acquired this week:

Vantage Feed
Last updated: June 14, 2025 8:37 am
Vantage Feed Published June 14, 2025
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Patterson-Uti Energy, Inc. (NASDAQ:PTEN) stock price rose 14% from June 5th to June 12th, 2025. Most-earned energy stocks this week. Let’s shed some light on development.

Here’s why Patterson Oti Energy (PTEN) acquired this week:

It is a natural wilderness drilling site that highlights the company’s commitment to exploration.

Patterson-Uti Energy, Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and gas exploration and production companies in the United States and other select countries.

Patterson-Uti Energy, Inc. (NASDAQ: PTEN) received a boost after revealing in a recent investor presentation that it expects stronger, adjusted free cash flow in late 2025 and has a flexible capital spending budget. Additionally, the company has a target to return at least 50% of this adjusted free cash flow to shareholders. This is supported by a strong capital structure with no maturity in senior notes until 2028.

Also last week, analysts at RBC Capital were Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reportedly maintaining an “outperform” rating and repeating its $9.5 price target.

Although we acknowledge the potential of PTEN as an investment, we believe certain AI stocks offer a greater reverse chance, pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

Read next: Buy now 10 cheap energy stocks and 15 best large cap energy stocks to buy according to hedge funds

Disclosure: None.

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