Patterson-UTI Energy upgraded to Overweight from Equal Weight at Stephens Stephens upgraded Patterson-UTI Energy based on higher levels of drilling demand and completion efficiencies. Price target raised to $36 from $30.
News For PTEN From The Last 14 Days
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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.