Why Patterson-UTI Energy, Inc. (PTEN) stock fell 11.4% on Monday, November 2, 2026

Patterson-UTI Energy, Inc. (PTEN) closed at $11.8, down 11.41% on Monday, November 2, 2026, on volume of 11,801,555 shares (1.6× its 3-month average); market value about $4.50B.

What happened: primary sources

Events Nexqual found for PTEN on Monday, November 2, 2026 or the trading day before (October 30, 2026):

• Nov 2, 2026: Morgan Stanley: Target raised, Equal-Weight, price target $12 → $13
• Oct 31, 2026: UBS: Target raised, Neutral, price target $13 → $13.5
• Oct 30, 2026: RBC Capital: Target raised, Outperform, price target $15 → $17
• Oct 30, 2026: Barclays: Target raised, Overweight, price target $16 → $17
• Oct 30, 2026: Susquehanna: Target raised, Positive, price target $13 → $15

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on PTEN

PTEN stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Other big moves that day: November 2, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 4, 2026 at 10:46 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 4, 2026 at 10:46 UTC. This page is informational and not investment advice.

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