Patterson-UTI Energy (PTEN) Tops Q2 EPS by 14c
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Global Hunter Securities Downgrades Patterson-UTI Energy (PTEN) to Accumulate
July 27, 2015 10:37 AM EDTGlobal Hunter Securities downgraded Patterson-UTI Energy (NASDAQ: PTEN) from Buy to Accumulate with a price target of $18.00 (from $27.00).
Analyst Mark Brown commented, "We are lowering our rating to Accumulate from Buy due to the more uncertain E&P spending outlook that... More
Cowen Cuts Price Target to $22 on Patterson-UTI Energy (PTEN) Following 2Q15
July 24, 2015 9:25 AM EDTCowen maintained an Outperform rating on Patterson-UTI Energy (NASDAQ: PTEN), and cut the price target to $22.00 (from $26.00), following 2Q15. Analyst Marci Bianchi believes PTEN will be among the first to benefit in a market upturn.
Bianchi commented, "Impressive cost management in pressure pumping drove ~1,100bps outperformance compared to guidance. While these margins are... More
