AlphAIalphai — Financial news for AI agents
SEC EDGARJUN 101 min read$PTEN

Robinson Forrest C sold $164K of PTEN

Robinson Forrest C (Chief Accounting Officer) sold 13,670 shares of PATTERSON UTI ENERGY INC (PTEN) at $12.01 ($0.16M total) on 2026-06-08.

Original reporting
SEC EDGAR · Robinson Forrest C
Published Jun 10, 2026, 9:16 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Jun 10, 2026, 9:22 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
alphai market briefInsider activity
Primary signal
$PTEN
Neutral
high confidence
Mentioned
$PTEN
Relevance
4/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$PTENNeutralLow
01

Why it matters

The newest concrete fact is the officer’s open-market sale details (shares, price, total value, and post-transaction holdings).

02

Market read

Traders may note the insider sale, but the filing provides no new company performance, guidance, or regulatory development.

03

What to watch

Insider sales often reflect diversification/taxes; without context on total holdings, prior sales cadence, or a stated reason, the signal-to-noise is low.

Relevance 4/10Novelty 2/10Timing: Filed 2026-06-10; sale executed 2026-06-08.

Background

The article is an SEC EDGAR Form 4 insider transaction filing for Patterson UTI Energy (PTEN).

Company-level read

Ticker impact

$PTENNeutralHigh confidence
Context

SEC Form 4 shows PTEN Chief Accounting Officer Robinson Forrest C sold 13,670 shares in an open-market transaction on 2026-06-08.

Expected impact

Likely minimal near-term impact; any effect would be sentiment-only and typically fades unless paired with other negative news.

Evidence & confidence

The filing is an SEC Form 4 insider transaction with a modest dollar value and no 10b5-1 plan disclosed; the article provides no new operational/regulatory/financial catalyst.

Market effects

Sector

No sector read-through; this is company-specific insider liquidity information only.

Regional

None indicated.

Global

None indicated.

Counterpoint

What could challenge this read

If the sale is not under a 10b5-1 plan (the filing says none), some traders may view it as a mild negative signal—though the article lacks any accompanying rationale or follow-on disclosures.

Key entities

  • issuer
    Patterson UTI Energy Inc

    PTEN, the company whose insider transaction was reported on Form 4.

  • insider
    Robinson Forrest C

    Chief Accounting Officer who sold 13,670 shares on 2026-06-08.

Read at source← All news

Related articles

JUL 31
$PTENMed

UTI Energy Q2 2026: EPS Tops Estimates — Deep Dive

Patterson-UTI reported Q2 2026 breakeven adjusted EPS versus a consensus $0.04 loss, with revenue of $1.23 billion, 6.4% above forecasts. The company narrowed net loss to $19.3 million from $49.1 million and improved operating and net margins to -0.6% and -1.6%. Management guided for higher adjusted gross profit in Q3 2026.

news.alphastreet.com6 min
JUL 30
$PTENMed

Patterson-UTI Energy Q2 Earnings Call Highlights

Is NexTier-Patterson UTI Deal A Sign Of More Consolidation Ahead? U.S. Contract Drilling recorded 8,361 operating days and averaged 92 operating rigs in the quarter. Revenue per day increased from the first quarter, while the company's directional drilling operation also posted a "meaningful" sequential improvement, according to Smith. For the third quarter, Patterson-UTI expects its drilling-services rig count to average about 100 rigs and to exit the period above that level.

finance.yahoo.com6 min
JUL 29
$PTENMedAI 8/10

PATTERSON UTI ENERGY INC (PTEN): Results of Operations and Financial Condition

PATTERSON UTI ENERGY INC (PTEN) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2026q2earningsreleaseex991.htm EX-99.1 Document Exhibit 99.1 Contact: Michael Sabella Vice President, Investor Relations (281) 885-7589 Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2026 HOUSTON, Texas – July 29, 2026 – PATTERSON-UTI ENE

SEC EDGAR 8-K6 min
JUL 29
$PTENMedAI 8/10

Patterson-UTI Energy Reports Financial Results for the Quarter Ended June 30, 2026

Patterson-UTI Energy (NASDAQ:PTEN) reported Q2 2026 results for the quarter ended June 30, 2026. Total revenue rose 10% sequentially to $1.2 billion. Net loss attributable to common stockholders was $20 million, while adjusted net income was $1 million and adjusted EBITDA was $232 million. The company declared a $0.10/share dividend and guided for higher Q3 activity and adjusted gross profit across segments.

finanznachrichten.de6 min
MAY 30
$FANGMedAI 8/10

low U.S. shale well backlog curbs fast output gains amid export surge

U.S. shale producers have the lowest drilled-but-uncompleted well (DUC) inventory on record, limiting rapid crude output gains as exports and refinery runs rise amid the U.S.-Israeli war on Iran. U.S. crude stocks fell 12.4 million barrels to 806.8 million (lowest since Jan 2025), per government data. EIA estimates 4,972 DUCs in April (down for 14 months). EIA raised 2026 crude forecast to 13.65 mbpd.

oilandgas360.com7 min