Patterson-UTI Energy, Inc. (NASDAQ: PTEN) saw its share prices drop by 9.3% last week, closing at $5.94 on Friday. Analysts issued bearish outlooks ahead of its second quarter earnings, with Stifel Nicolaus lowering its price target to $12 and Zacks Research giving a “sell” recommendation. Revenues for Q2 are expected to be $1.21 billion, a 10.37% decrease from last year. The company will announce its earnings on July 24. While PTEN has investment potential, other AI stocks may offer higher returns with less risk. For more information, check out a report on the best short-term AI stock.

Read more at Yahoo Finance: Patterson-UTI (PTEN) Loses 9.3% on Bearish Outlooks Ahead of Q2 Earnings