Analysts Raise Price Targets on Patterson-UTI Energy (PTEN) Following Strong Q4 Results

Core Insights - Patterson-UTI Energy, Inc. (NASDAQ:PTEN) experienced a significant share price increase of 14.62% from February 2 to February 9, 2026, ranking among the top energy stocks for the week [1] - The company is a prominent provider of drilling and completion services for oil and natural gas exploration and production in the U.S. and select international markets [2] Financial Performance - In Q4 2025, Patterson-UTI reported earnings and revenue that exceeded market expectations, generating $416 million in adjusted free cash flow for the full year, with Q4 being the highest quarter since its strategic transformation in 2023 [3] - The strong free cash flow enabled the company to increase its quarterly dividend by 25% to $0.10 per share, with the payment scheduled for March 16 to shareholders of record as of March 2, 2026 [3] Analyst Ratings and Price Targets - On February 6, Susquehanna raised its price target for PTEN from $8 to $10, indicating a 15% upside potential, while maintaining a 'Positive' rating [4] - Following the Q4 results, several analysts, including those from Piper Sandler, Citi, Barclays, and Stifel, have also increased their price targets for PTEN [4]