U.S. Markets closed

Patterson-UTI Energy Has Been Steady This Year

Alex Chamberlin
Patterson-UTI Energy Has Been Steady This Year

Patterson-UTI Energy’s (PTEN) YTD returns were -0.13% as of May 15. Patterson-UTI Energy has underperformed crude oil prices YTD, which have recovered 18% since the beginning of the year as of May 15. During this period, Patterson-UTI Energy has underperformed the Energy Select Sector SPDR ETF (XLE) and the VanEck Vectors Oil Services ETF (OIH). XLE represents the companies in the oil, gas, and consumable fuel, energy equipment, and services industries. XLE has increased 7.0% YTD. OIH, an ETF that tracks an index of 25 OFS providers’ stocks, has increased 9.2% YTD.