Citi Upgrades Patterson-UTI Energy (PTEN) to Buy
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Citi Downgrades Keane Group (FRAC) to Neutral
August 30, 2017 5:48 AM EDTCiti downgraded Keane Group (NYSE: FRAC) from Buy to Neutral with a price target of $14.00 (from $19.00).
Analyst Scott Gruber says the stock is trading above NAV by nearly 30% and believes that pumpers will be unable to push frac rates higher with crude oil... More
Patterson-UTI Energy (PTEN) Seen Most Impacted of Pumpers from Hurricane Harvey - Citi
August 29, 2017 8:31 AM EDTIn Oil & Gas services, Citi analyst Scott Gruber comments that Hurricane Harvey is likely to have the most impact on Eagle Ford completions.
Gruber said the primary issues appear related to onshore flooding versus offshore equipment/infrastructure damage as witnessed in prior storms.
The analsyt notes Patterson-UTI... More
