$PTEN

NESR (NASDAQ:NESR) reported fastest revenue growth, stock up 12.6%. Select Water Solutions (NYSE:WTTR) revenues up 8.7%, stock up 9%. ProPetro (NYSE:PUMP) revenues down 6.2%, stock down 1.8%. World Kinect (NYSE:WKC) revenues up 50.3%, stock up 1.3%. Patterson-UTI (NASDAQ:PTEN) revenues flat, stock up 38.3%.

Alphabet (GOOGL) paid $0.22 per share on September 14, 2026, part of its $0.88 annualized dividend. Exelon (EXC) and Patterson-UTI (PTEN) each paid $0.42 and $0.10 per share on September 15, 2026, respectively, with annualized dividends of $1.68 and $0.40. All three companies have different business models and dividend policies.

Patterson-UTI Energy (PTEN) averaged 101 U.S. rigs in August, up from 92 in Q2, aligning with management's Q3 outlook. Higher contract pricing was noted in July, but margins depend on revenue and costs. The company cautioned that rig counts alone may not reflect financial performance.

Shares of Liberty Energy, Green Plains, Murphy Oil, Patterson-UTI, and Texas Pacific Land rose after crude oil prices climbed due to strikes on Saudi energy facilities. Brent crude futures rose $1.00 to over $98.00 a barrel, and WTI crude futures increased over $2.00 to $93.65 a barrel, according to Reuters. Higher oil prices benefit oil and gas producers by expanding profit margins and boosting cash flow.

Patterson-UTI (PTEN) expects 2026 adjusted free cash flow to cover its annual dividend and plans to return at least 50% of adjusted FCF annually. The company reported $701M in total liquidity, $203M in cash, and a net debt to LTM adjusted EBITDA ratio of ~1x. It anticipates $600M in 2026 capex, net of asset sales, and expects to operate 104 U.S. rigs by the end of Q3.

Patterson-UTI Energy insiders, including President William Hendricks and Independent Vice Chairman Robert Drummond, sold shares totaling $7.8M in the past year. Hendricks sold $3.2M worth at $12.93 per share, reducing his stake by 9.8%. Drummond sold $4.6M worth at $12.04 per share, below the current price of $12.42. Insiders own about 1.9% of the company, valued at $90M. No insider purchases were reported in the last year.

Citigroup maintained a 'Neutral' rating for Patterson-UTI Energy (PTEN) but raised its price target from $10.50 to $13.50. GuruFocus values the stock at $8.21, suggesting it is 51.2% overvalued. Insider activity shows significant selling, with $12.21 million in sales over the last three months. The company's GF Score™ is 60/100, indicating average performance.

Patterson-UTI Energy (PTEN) insiders sold shares. EVP Seth Wexler sold 120,000 shares at $12.75 each, totaling $1.53M. CEO William Hendricks sold 250,000 shares at $12.93 each, totaling $3.23M. Director Drummond Wayne sold 200,000 shares at $12.85 each, totaling $2.57M. Total sales exceeded $7.3M.

Patterson-UTI (PTEN) EVP and General Counsel Seth David Wexler sold 120,000 shares at an average price of $12.75, leaving him with 404,582 shares. The transaction was not part of a 10b5-1 plan, according to a regulatory filing.

The U.S. has granted North American Blue Energy Partners (NABEP) 100-year concessions for 17 Venezuelan oil fields with 65 billion barrels of reserves. The U.S. gains equity and governance rights. NABEP plans to deploy 52 drilling rigs, with some already acquired from Helmerich & Payne, Patterson-UTI Energy, and Precision Drilling. China has responded, asserting its legal rights in Venezuela. Halliburton and ExxonMobil are key players in the potential U.S.-led oil development.