Several analysts have recently updated their ratings and price targets for Patterson-UTI Energy (NASDAQ: PTEN):
- 7/20/2017 - Patterson-UTI Energy had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
- 7/20/2017 - Patterson-UTI Energy had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $29.00 price target on the stock.
- 7/13/2017 - Patterson-UTI Energy had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $23.00 price target on the stock.
- 7/12/2017 - Patterson-UTI Energy had its “neutral” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $20.50 price target on the stock, down previously from $22.00.
- 7/11/2017 - Patterson-UTI Energy had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $24.00 price target on the stock.
- 6/24/2017 - Patterson-UTI Energy was given a new $35.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
- 6/21/2017 - Patterson-UTI Energy was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $21.00 price target on the stock, down previously from $29.00.
- 6/13/2017 - Patterson-UTI Energy was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 6/6/2017 - Patterson-UTI Energy was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
- 6/6/2017 - Patterson-UTI Energy had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $35.00 price target on the stock.
- 6/6/2017 - Patterson-UTI Energy was given a new $32.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
Shares of Patterson-UTI Energy, Inc. (NASDAQ PTEN) opened at 19.74 on Wednesday. Patterson-UTI Energy, Inc. has a 52 week low of $17.61 and a 52 week high of $29.76. The firm’s 50-day moving average price is $20.22 and its 200 day moving average price is $23.82. The company’s market capitalization is $3.26 billion.
Patterson-UTI Energy (NASDAQ:PTEN) last released its earnings results on Thursday, April 27th. The oil and gas company reported ($0.42) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.02. Patterson-UTI Energy had a negative net margin of 32.74% and a negative return on equity of 13.10%. The business had revenue of $305.20 million for the quarter, compared to analyst estimates of $294.82 million. During the same period last year, the company posted ($0.48) EPS. The business’s revenue was up 13.5% on a year-over-year basis. Equities analysts predict that Patterson-UTI Energy, Inc. will post ($1.04) EPS for the current year.
Patterson-UTI Energy, Inc is an oilfield services company. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company’s segments include Contract Drilling, Pressure Pumping and Other operations. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators.
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