Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2016

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Go back to Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2016

Patterson-UTI Energy (PTEN) PT Raised to $34 at Jefferies

February 10, 2017 8:20 AM EST

Jefferies raised its price target on Patterson-UTI Energy (NASDAQ: PTEN) to $34.00 (from $33.00) while maintaining a Buy rating.

Analyst Brad Handler commented "PTEN had been cautious in reactivating equipment but is now completing 2 newbuild rigs at low-to-mid-$20K dayrate and un-stacking 3 frac fleets at... More