Patterson-UTI Energy upgraded to Buy from Speculative Buy at Global Hunter Global Hunter upgraded Patterson-UTI Energy following the Q4 report citing equipment upgrades, newbuilds, rate improvements, and cost controls. Price target raised to $33 from $22.
News For PTEN From The Last 14 Days
Check below for free stories on PTEN the last two weeks.
Patterson-UTI Energy price target raised to $44 from $39 at RBC Capital RBC Capital increased its price target on Patterson-UTI Energy as the firm is positive on the outlook for U.S. land drillers and likes the company's frac operating leverage, improving cash margins and valuation. The firm keeps an Outperform rating on the shares.