Patterson-UTI Energy (PTEN) Stock Drops as Oil Slips Below $60: Latest News, Analyst Forecasts, and 2026 Outlook (Dec. 16, 2025)
Patterson-UTI Energy shares fell about 6%–7% to $5.80 on Dec. 16, 2025, as oil prices dropped sharply, with Brent below $60 and WTI near $55. The U.S. rig count remains lower than a year ago, and Patterson-UTI reported an average of 93 rigs operating in November, down from previous periods.
