Analysts have clear opinions on PTEN.
There are 9 analysts on the Wall offering 12 month price targets for Patterson-UTI in the last 3 months. The average price target is $8.30 with a high forecast of $11.00 and a low forecast of $5.50. The average price target represents a 10.81% increase from the last price of $7.49.
Patterson-UTI Energy, Inc. (PTEN) is followed by 9 analysts on the street.
Scott Gruber from Citigroup rates it a Hold with a target of $8.20.
Similarly, 6 days ago Connor Lynagh of Morgan Stanley Reiterated a Buy with a target of $11.00.
The consensus on the street is null.
What does Patterson-UTI Energy, Inc.(PTEN) do ?
Patterson-UTI Energy, Inc. engages in the provision of onshore contract drilling services to major and independent oil and natural gas operators. It operates through the following segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its services to major and independent oil and natural gas operators. The Pressure Pumping Services segment provides pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment offers downhole performance motors and equipment to provide services including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, and wireline steering tools, in most major onshore oil and natural gas basins. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.
Patterson-UTI Energy, Inc. (PTEN) Insider Trades
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