The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) is one of the 10 Resilient Stocks in a Sea of Uncertainties.

Patterson-UTI grew its share prices by 8.09 percent on Tuesday to close at $10.56 apiece, as investors loaded portfolios ahead of the results of its earnings performance for the first quarter of the year.

In a notice on its website, Patterson-UTI Energy Inc. (NASDAQ:PTEN) said that it is scheduled to report its first quarter financial and operating highlights during market hours on Thursday, April 23. A conference call will be organized to elaborate on the results.

Photo from Patterson-UTI website

Optimism can be partly attributed to the US-Israeli war on Iran, which spiked up oil prices during the quarter, potentially creating a spillover to the drilling sector.

Additionally, investors are expected to watch for Patterson-UTI Energy Inc.’s (NASDAQ:PTEN) outlook for the second quarter of the year, as oil prices remain elevated amid uncertainties over a peace deal.

Last week, two investment firms issued coverage for Patterson-UTI Energy Inc. (NASDAQ:PTEN), with Citigroup maintaining an $11 price target alongside a “neutral” stance.

Morgan Stanley also raised its target to $10 from $7 previously, and kept an “equal weight” rating for the stock.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other countries.

Last year, it narrowed its net loss by 90.4 percent to $93.05 million from $966.4 million in 2024. Revenues declined by 10.8 percent to $4.8 billion from $5.38 billion year-on-year.

While we acknowledge the potential of PTEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.