PTEN is trading at $8.90 (+4.03%) following an intraday rebound from its July 06 closing price of $8.56. - The upward move follows Patterson-UTI's report on July 6, 2026, of increased second-quarter 2026 EBITDA guidance to approximately $220 million, surpassing previous estimates. - The company also reported an average of 95 drilling rigs operating in the United States during June 2026, with 92 rigs for the second quarter ended June 30, 2026. - Analysts from Stifel and Piper Sandler have reportedly raised price targets, citing improved U.S. shale activity.