🔴 PTEN is trading 4.4% down today as oilfield services lag on softer crude and Citi target cut

PTEN is trading 4.4% down now at $8.78 as investors continue to rotate out of oilfield services while crude prices soften and sector sentiment cools.

• Citigroup lowered its price target for the stock from $11 to $10.50 on June 29, 2026, while maintaining a Neutral rating.
• The decline extends a multi-session slide from above $10 as the stock continues to underperform a mixed broader market.